Can I retire at age 61 with 754,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$62,265$61,710$61,169$60,641$60,125$58,505
2 years$30,824$30,250$29,694$29,154$28,631$27,011
3 years$20,345$19,769$19,214$18,679$18,165$16,595
4 years$15,107$14,532$13,983$13,457$12,955$11,447
5 years$11,965$11,393$10,851$10,337$9,848$8,407
6 years$9,871$9,304$8,769$8,266$7,793$6,419
7 years$8,375$7,813$7,287$6,796$6,338$5,032
8 years$7,254$6,697$6,180$5,701$5,258$4,019
9 years$6,383$5,831$5,323$4,856$4,428$3,255
10 years$5,686$5,140$4,641$4,186$3,773$2,664
11 years$5,117$4,576$4,086$3,643$3,245$2,199
12 years$4,642$4,107$3,626$3,195$2,812$1,827
13 years$4,241$3,711$3,240$2,821$2,452$1,526
14 years$3,898$3,374$2,911$2,504$2,149$1,280
15 years$3,600$3,082$2,628$2,233$1,892$1,078
16 years$3,341$2,828$2,383$2,000$1,672$910
17 years$3,111$2,604$2,168$1,797$1,483$770
18 years$2,908$2,406$1,979$1,619$1,319$653
19 years$2,726$2,230$1,812$1,463$1,175$555
20 years$2,563$2,072$1,663$1,325$1,050$472
21 years$2,415$1,930$1,530$1,203$939$402
22 years$2,281$1,802$1,410$1,093$842$343
23 years$2,159$1,685$1,302$996$756$292
24 years$2,047$1,579$1,204$908$679$250
25 years$1,944$1,482$1,115$829$611$213
26 years$1,849$1,393$1,034$758$551$182
27 years$1,762$1,311$960$694$496$156
28 years$1,681$1,235$893$636$448$134
29 years$1,605$1,165$831$583$405$114
30 years$1,535$1,100$774$535$366$98
31 years$1,469$1,040$721$492$330$84
32 years$1,408$984$673$452$299$72
33 years$1,350$932$628$415$271$62
34 years$1,296$883$587$382$245$53
35 years$1,245$838$549$352$222$45
36 years$1,198$795$514$324$201$39
37 years$1,152$755$481$299$182$33
38 years$1,110$718$450$275$165$28
39 years$1,069$683$422$254$150$24
40 years$1,031$649$395$234$136$21
41 years$994$618$371$216$123$18
42 years$960$589$348$199$112$15
43 years$927$561$326$184$101$13
44 years$896$535$306$170$92$11
45 years$866$510$288$157$84$10
46 years$838$486$270$145$76$8
47 years$811$464$254$134$69$7
48 years$785$443$238$124$63$6
49 years$760$423$224$114$57$5
50 years$736$404$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $754,000, adding $4,817 every year, while hoping to spend $20,776 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 85/8/7 Blend
60$754,000$754,000$754,000$754,000
61$835,877$795,915$784,228$906,032
62$899,031$812,809$788,394$969,424
63$967,930$829,835$792,003$1,035,717
64$1,043,139$846,977$795,015$1,107,888
65$1,125,278$864,218$797,387$1,186,515
66$1,215,031$881,539$799,075$1,272,234
67$1,313,151$898,921$800,030$1,365,744
68$1,420,466$916,342$800,205$1,467,816
69$1,537,888$933,777$799,546$1,579,298
70$1,666,422$951,201$798,000$1,701,127
71$1,807,174$968,587$795,510$1,834,331
72$1,961,362$985,905$792,017$1,980,046
73$2,130,328$1,003,121$787,456$2,139,519
74$2,315,549$1,020,202$781,764$2,314,129
75$2,518,653$1,037,109$774,870$2,505,390
76$2,741,430$1,053,803$766,703$2,714,972
77$2,985,857$1,070,239$757,188$2,944,717
78$3,254,105$1,086,372$746,246$3,196,651
79$3,548,572$1,102,152$733,793$3,473,008
80$3,871,894$1,117,526$719,743$3,776,247
81$4,226,979$1,132,436$704,005$4,109,081
82$4,617,027$1,146,821$686,485$4,474,495
83$5,045,564$1,160,617$667,084$4,875,781
84$5,516,477$1,173,752$645,697$5,316,564
85$6,034,046$1,186,154$622,215$5,800,841
86$6,602,986$1,197,743$596,526$6,333,013
87$7,228,491$1,208,433$568,511$6,917,931
88$7,916,287$1,218,135$538,045$7,560,939
89$8,672,677$1,226,754$505,000$8,267,928
90$9,504,611$1,234,185$469,238$9,045,387
91$10,419,743$1,240,322$430,619$9,900,466
92$11,426,507$1,245,047$388,994$10,841,046
93$12,534,195$1,248,239$344,210$11,875,809
94$13,753,045$1,249,766$296,104$13,014,324
95$15,094,340$1,249,489$244,508$14,267,134
96$16,570,510$1,247,260$189,245$15,645,857
97$18,195,250$1,242,924$130,133$17,163,296
98$19,983,651$1,236,313$66,979$18,833,560
99$21,952,343$1,227,252$0$20,672,195
100$24,119,648$1,215,553$0$22,696,365