Can I retire at age 61 with 757,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$62,512$61,956$61,412$60,882$60,364$59,413
2 years$30,947$30,370$29,812$29,270$28,745$27,789
3 years$20,426$19,847$19,290$18,754$18,237$17,306
4 years$15,167$14,590$14,038$13,511$13,007$12,108
5 years$12,012$11,439$10,894$10,378$9,888$9,024
6 years$9,910$9,341$8,804$8,299$7,824$6,996
7 years$8,409$7,844$7,316$6,823$6,363$5,571
8 years$7,283$6,724$6,205$5,724$5,278$4,523
9 years$6,408$5,854$5,344$4,875$4,445$3,725
10 years$5,709$5,160$4,659$4,203$3,788$3,103
11 years$5,137$4,594$4,102$3,658$3,257$2,607
12 years$4,661$4,123$3,640$3,208$2,823$2,206
13 years$4,258$3,726$3,252$2,832$2,462$1,877
14 years$3,913$3,387$2,922$2,514$2,158$1,605
15 years$3,615$3,094$2,638$2,242$1,900$1,377
16 years$3,354$2,839$2,392$2,008$1,679$1,186
17 years$3,124$2,614$2,177$1,804$1,489$1,024
18 years$2,919$2,416$1,987$1,626$1,324$887
19 years$2,737$2,239$1,819$1,469$1,180$769
20 years$2,573$2,081$1,669$1,330$1,054$668
21 years$2,425$1,938$1,536$1,207$943$581
22 years$2,290$1,809$1,415$1,098$845$507
23 years$2,167$1,692$1,307$1,000$759$442
24 years$2,055$1,585$1,209$912$682$386
25 years$1,952$1,488$1,119$833$614$337
26 years$1,857$1,398$1,038$761$553$295
27 years$1,769$1,316$964$697$498$258
28 years$1,687$1,240$896$639$450$226
29 years$1,611$1,170$834$586$406$198
30 years$1,541$1,105$777$537$367$173
31 years$1,475$1,044$724$494$332$152
32 years$1,413$988$676$454$300$133
33 years$1,356$936$631$417$272$117
34 years$1,301$887$589$384$246$102
35 years$1,250$841$551$353$223$90
36 years$1,202$798$516$325$202$79
37 years$1,157$758$483$300$183$69
38 years$1,114$721$452$276$166$61
39 years$1,073$685$423$255$150$53
40 years$1,035$652$397$235$136$47
41 years$998$621$372$217$124$41
42 years$964$591$349$200$112$36
43 years$931$563$328$185$102$32
44 years$899$537$307$171$92$28
45 years$870$512$289$158$84$24
46 years$841$488$271$146$76$21
47 years$814$466$255$134$69$19
48 years$788$445$239$124$63$17
49 years$763$425$225$115$57$15
50 years$739$406$212$106$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $757,000, adding $4,276 every year, while hoping to spend $30,182 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: 59/25/16 Blend
60$757,000$757,000$757,000$757,000
61$838,625$798,504$786,770$884,422
62$892,051$805,517$781,014$922,887
63$949,915$811,862$774,053$961,101
64$1,012,638$817,475$765,815$1,002,073
65$1,080,683$822,287$756,225$1,046,074
66$1,154,557$826,224$745,204$1,093,402
67$1,234,822$829,209$732,668$1,144,388
68$1,322,092$831,158$718,531$1,199,395
69$1,417,046$831,985$702,702$1,258,826
70$1,520,428$831,596$685,086$1,323,125
71$1,633,058$829,891$665,583$1,392,784
72$1,755,840$826,765$644,089$1,468,344
73$1,889,766$822,107$620,497$1,550,405
74$2,035,929$815,798$594,691$1,639,626
75$2,195,534$807,712$566,552$1,736,738
76$2,369,904$797,715$535,958$1,842,547
77$2,560,499$785,667$502,777$1,957,943
78$2,768,923$771,419$466,873$2,083,908
79$2,996,945$754,810$428,105$2,221,526
80$3,246,511$735,674$386,325$2,371,996
81$3,519,766$713,832$341,377$2,536,637
82$3,819,069$689,096$293,100$2,716,910
83$4,147,019$661,268$241,324$2,914,423
84$4,506,481$630,136$185,874$3,130,955
85$4,900,606$595,476$126,565$3,368,467
86$5,332,868$557,054$63,205$3,629,122
87$5,807,091$514,621$0$3,915,309
88$6,327,488$467,911$0$4,230,417
89$6,898,700$416,647$0$4,588,165
90$7,525,838$360,534$0$4,980,998
91$8,214,534$299,260$0$5,412,494
92$8,970,991$232,498$0$5,886,601
93$9,802,041$159,899$0$6,407,669
94$10,715,212$81,098$0$6,980,498
95$11,718,798$0$0$7,610,376
96$12,821,935$0$0$8,304,319
97$14,034,688$0$0$9,091,811
98$15,368,146$0$0$9,957,751
99$16,834,528$0$0$10,910,082
100$18,447,294$0$0$11,957,556