Can I retire at age 61 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$62,595$62,037$61,493$60,962$60,444$59,639
2 years$30,988$30,410$29,851$29,309$28,783$27,973
3 years$20,453$19,874$19,316$18,778$18,261$17,472
4 years$15,187$14,609$14,057$13,529$13,024$12,261
5 years$12,028$11,454$10,909$10,391$9,901$9,167
6 years$9,923$9,353$8,816$8,310$7,834$7,130
7 years$8,420$7,855$7,326$6,832$6,371$5,697
8 years$7,293$6,733$6,213$5,731$5,285$4,641
9 years$6,417$5,862$5,351$4,882$4,451$3,836
10 years$5,717$5,167$4,665$4,208$3,793$3,207
11 years$5,144$4,600$4,107$3,662$3,262$2,704
12 years$4,667$4,129$3,645$3,212$2,827$2,297
13 years$4,264$3,731$3,257$2,836$2,465$1,962
14 years$3,919$3,392$2,926$2,518$2,161$1,684
15 years$3,620$3,098$2,642$2,245$1,902$1,452
16 years$3,358$2,843$2,395$2,010$1,681$1,256
17 years$3,128$2,618$2,180$1,806$1,491$1,089
18 years$2,923$2,419$1,990$1,628$1,326$947
19 years$2,741$2,242$1,821$1,471$1,181$825
20 years$2,576$2,083$1,672$1,332$1,055$720
21 years$2,428$1,941$1,538$1,209$944$629
22 years$2,293$1,811$1,417$1,099$847$551
23 years$2,170$1,694$1,308$1,001$760$482
24 years$2,058$1,587$1,210$913$683$423
25 years$1,954$1,490$1,121$834$615$372
26 years$1,859$1,400$1,040$762$554$326
27 years$1,771$1,318$965$698$499$287
28 years$1,689$1,242$897$639$450$252
29 years$1,614$1,171$835$586$407$222
30 years$1,543$1,106$778$538$367$196
31 years$1,477$1,046$725$494$332$172
32 years$1,415$989$677$454$301$152
33 years$1,357$937$632$418$272$134
34 years$1,303$888$590$384$246$118
35 years$1,252$842$552$354$223$104
36 years$1,204$799$516$326$202$92
37 years$1,158$759$483$300$183$81
38 years$1,115$722$452$277$166$71
39 years$1,075$686$424$255$151$63
40 years$1,036$653$397$235$137$56
41 years$1,000$621$373$217$124$49
42 years$965$592$349$200$112$43
43 years$932$564$328$185$102$38
44 years$901$538$308$171$93$34
45 years$871$513$289$158$84$30
46 years$842$489$271$146$76$26
47 years$815$467$255$135$69$23
48 years$789$445$240$124$63$21
49 years$764$425$225$115$57$18
50 years$740$406$212$106$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $758,000, adding $5,383 every year, while hoping to spend $37,556 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: 74/17/9 Blend
60$758,000$758,000$758,000$758,000
61$840,869$800,695$788,946$901,401
62$886,678$799,969$775,416$941,321
63$935,901$797,950$760,174$979,793
64$988,847$794,533$743,124$1,020,887
65$1,045,853$789,609$724,163$1,064,849
66$1,107,293$783,063$703,185$1,111,954
67$1,173,575$774,771$680,080$1,162,501
68$1,245,148$764,603$654,731$1,216,824
69$1,322,505$752,421$627,016$1,275,288
70$1,406,188$738,077$596,809$1,338,298
71$1,496,794$721,418$563,977$1,406,301
72$1,594,978$702,278$528,381$1,479,788
73$1,701,460$680,484$489,876$1,559,303
74$1,817,033$655,852$448,311$1,645,446
75$1,942,568$628,186$403,527$1,738,876
76$2,079,024$597,281$355,359$1,840,325
77$2,227,455$562,919$303,635$1,950,598
78$2,389,022$524,869$248,173$2,070,582
79$2,565,002$482,886$188,786$2,201,259
80$2,756,798$436,714$125,277$2,343,709
81$2,965,959$386,080$57,440$2,499,127
82$3,194,184$330,695$0$2,668,828
83$3,443,348$270,257$0$2,855,702
84$3,715,512$204,442$0$3,065,895
85$4,012,947$132,912$0$3,295,676
86$4,338,152$55,309$0$3,547,018
87$4,693,877$0$0$3,822,100
88$5,083,154$0$0$4,128,696
89$5,509,317$0$0$4,475,704
90$5,976,042$0$0$4,855,771
91$6,487,372$0$0$5,272,198
92$7,047,764$0$0$5,728,615
93$7,662,125$0$0$6,229,025
94$8,335,858$0$0$6,777,833
95$9,074,916$0$0$7,379,894
96$9,885,855$0$0$8,040,552
97$10,775,897$0$0$8,765,697
98$11,752,996$0$0$9,561,814
99$12,825,915$0$0$10,436,049
100$14,004,307$0$0$11,396,272