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%11.7%
1 years$62,595$62,037$61,493$60,962$60,444$60,013
2 years$30,988$30,410$29,851$29,309$28,783$28,348
3 years$20,453$19,874$19,316$18,778$18,261$17,836
4 years$15,187$14,609$14,057$13,529$13,024$12,612
5 years$12,028$11,454$10,909$10,391$9,901$9,503
6 years$9,923$9,353$8,816$8,310$7,834$7,451
7 years$8,420$7,855$7,326$6,832$6,371$6,004
8 years$7,293$6,733$6,213$5,731$5,285$4,933
9 years$6,417$5,862$5,351$4,882$4,451$4,113
10 years$5,717$5,167$4,665$4,208$3,793$3,470
11 years$5,144$4,600$4,107$3,662$3,262$2,953
12 years$4,667$4,129$3,645$3,212$2,827$2,532
13 years$4,264$3,731$3,257$2,836$2,465$2,185
14 years$3,919$3,392$2,926$2,518$2,161$1,894
15 years$3,620$3,098$2,642$2,245$1,902$1,649
16 years$3,358$2,843$2,395$2,010$1,681$1,441
17 years$3,128$2,618$2,180$1,806$1,491$1,263
18 years$2,923$2,419$1,990$1,628$1,326$1,110
19 years$2,741$2,242$1,821$1,471$1,181$977
20 years$2,576$2,083$1,672$1,332$1,055$862
21 years$2,428$1,941$1,538$1,209$944$762
22 years$2,293$1,811$1,417$1,099$847$675
23 years$2,170$1,694$1,308$1,001$760$598
24 years$2,058$1,587$1,210$913$683$531
25 years$1,954$1,490$1,121$834$615$471
26 years$1,859$1,400$1,040$762$554$419
27 years$1,771$1,318$965$698$499$373
28 years$1,689$1,242$897$639$450$332
29 years$1,614$1,171$835$586$407$296
30 years$1,543$1,106$778$538$367$264
31 years$1,477$1,046$725$494$332$235
32 years$1,415$989$677$454$301$210
33 years$1,357$937$632$418$272$187
34 years$1,303$888$590$384$246$167
35 years$1,252$842$552$354$223$149
36 years$1,204$799$516$326$202$133
37 years$1,158$759$483$300$183$119
38 years$1,115$722$452$277$166$106
39 years$1,075$686$424$255$151$95
40 years$1,036$653$397$235$137$85
41 years$1,000$621$373$217$124$76
42 years$965$592$349$200$112$68
43 years$932$564$328$185$102$61
44 years$901$538$308$171$93$54
45 years$871$513$289$158$84$49
46 years$842$489$271$146$76$44
47 years$815$467$255$135$69$39
48 years$789$445$240$124$63$35
49 years$764$425$225$115$57$31
50 years$740$406$212$106$52$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $758,000, adding $6,615 every year, while hoping to spend $23,592 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: 70/25/5 Blend
60$758,000$758,000$758,000$758,000
61$842,139$801,965$790,216$900,194
62$902,936$816,160$791,587$953,610
63$969,143$830,259$792,213$1,008,479
64$1,041,287$844,234$792,044$1,067,857
65$1,119,949$858,052$791,028$1,132,180
66$1,205,767$871,680$789,110$1,201,929
67$1,299,443$885,080$786,233$1,277,632
68$1,401,751$898,213$782,336$1,359,874
69$1,513,541$911,037$777,357$1,449,296
70$1,635,752$923,508$771,228$1,546,607
71$1,769,415$935,576$763,880$1,652,586
72$1,915,666$947,190$755,241$1,768,093
73$2,075,757$958,295$745,234$1,894,074
74$2,251,065$968,832$733,780$2,031,573
75$2,443,107$978,738$720,795$2,181,739
76$2,653,553$987,946$706,191$2,345,839
77$2,884,245$996,385$689,878$2,525,268
78$3,137,208$1,003,978$671,759$2,721,567
79$3,414,675$1,010,644$651,735$2,936,429
80$3,719,104$1,016,298$629,700$3,171,723
81$4,053,202$1,020,846$605,544$3,429,510
82$4,419,953$1,024,192$579,155$3,712,057
83$4,822,643$1,026,232$550,411$4,021,867
84$5,264,890$1,026,855$519,187$4,361,696
85$5,750,683$1,025,944$485,354$4,734,582
86$6,284,412$1,023,376$448,773$5,143,875
87$6,870,917$1,019,016$409,302$5,593,264
88$7,515,529$1,012,726$366,792$6,086,818
89$8,224,121$1,004,357$321,087$6,629,020
90$9,003,162$993,752$272,024$7,224,811
91$9,859,781$980,742$219,433$7,879,638
92$10,801,831$965,151$163,137$8,599,504
93$11,837,965$946,791$102,950$9,391,024
94$12,977,718$925,463$38,678$10,261,491
95$14,231,591$900,958$0$11,218,942
96$15,611,160$873,051$0$12,273,831
97$17,129,175$841,507$0$13,436,631
98$18,799,686$806,076$0$14,716,051
99$20,638,174$766,494$0$16,123,961
100$22,661,697$722,481$0$17,673,449