Can I retire at age 61 with 758,000?

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 $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%15.8%
1 years$62,595$62,037$61,493$60,962$60,444$59,007
2 years$30,988$30,410$29,851$29,309$28,783$27,343
3 years$20,453$19,874$19,316$18,778$18,261$16,864
4 years$15,187$14,609$14,057$13,529$13,024$11,680
5 years$12,028$11,454$10,909$10,391$9,901$8,614
6 years$9,923$9,353$8,816$8,310$7,834$6,606
7 years$8,420$7,855$7,326$6,832$6,371$5,202
8 years$7,293$6,733$6,213$5,731$5,285$4,174
9 years$6,417$5,862$5,351$4,882$4,451$3,397
10 years$5,717$5,167$4,665$4,208$3,793$2,795
11 years$5,144$4,600$4,107$3,662$3,262$2,319
12 years$4,667$4,129$3,645$3,212$2,827$1,937
13 years$4,264$3,731$3,257$2,836$2,465$1,626
14 years$3,919$3,392$2,926$2,518$2,161$1,372
15 years$3,620$3,098$2,642$2,245$1,902$1,161
16 years$3,358$2,843$2,395$2,010$1,681$986
17 years$3,128$2,618$2,180$1,806$1,491$839
18 years$2,923$2,419$1,990$1,628$1,326$716
19 years$2,741$2,242$1,821$1,471$1,181$612
20 years$2,576$2,083$1,672$1,332$1,055$524
21 years$2,428$1,941$1,538$1,209$944$449
22 years$2,293$1,811$1,417$1,099$847$385
23 years$2,170$1,694$1,308$1,001$760$331
24 years$2,058$1,587$1,210$913$683$284
25 years$1,954$1,490$1,121$834$615$244
26 years$1,859$1,400$1,040$762$554$210
27 years$1,771$1,318$965$698$499$181
28 years$1,689$1,242$897$639$450$156
29 years$1,614$1,171$835$586$407$134
30 years$1,543$1,106$778$538$367$116
31 years$1,477$1,046$725$494$332$100
32 years$1,415$989$677$454$301$86
33 years$1,357$937$632$418$272$74
34 years$1,303$888$590$384$246$64
35 years$1,252$842$552$354$223$55
36 years$1,204$799$516$326$202$48
37 years$1,158$759$483$300$183$41
38 years$1,115$722$452$277$166$36
39 years$1,075$686$424$255$151$31
40 years$1,036$653$397$235$137$26
41 years$1,000$621$373$217$124$23
42 years$965$592$349$200$112$20
43 years$932$564$328$185$102$17
44 years$901$538$308$171$93$15
45 years$871$513$289$158$84$13
46 years$842$489$271$146$76$11
47 years$815$467$255$135$69$9
48 years$789$445$240$124$63$8
49 years$764$425$225$115$57$7
50 years$740$406$212$106$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $758,000, adding $6,193 every year, while hoping to spend $36,603 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: 42/46/12 Blend
60$758,000$758,000$758,000$758,000
61$841,704$801,530$789,781$873,850
62$888,613$801,860$777,293$897,318
63$939,079$800,979$763,161$918,583
64$993,428$798,789$747,289$940,800
65$1,052,014$795,187$729,580$964,073
66$1,115,231$790,062$709,932$988,516
67$1,183,506$783,297$688,237$1,014,258
68$1,257,313$774,768$664,382$1,041,444
69$1,337,171$764,344$638,251$1,070,237
70$1,423,650$751,884$609,720$1,100,818
71$1,517,378$737,242$578,661$1,133,390
72$1,619,044$720,260$544,939$1,168,181
73$1,729,407$700,773$508,416$1,205,445
74$1,849,301$678,606$468,943$1,245,465
75$1,979,645$653,573$426,367$1,288,557
76$2,121,448$625,478$380,530$1,335,075
77$2,275,821$594,111$331,263$1,385,411
78$2,443,987$559,255$278,392$1,440,004
79$2,627,291$520,675$221,736$1,499,341
80$2,827,213$478,127$161,102$1,563,966
81$3,045,383$431,350$96,294$1,634,483
82$3,283,596$380,069$27,103$1,711,565
83$3,543,824$323,994$0$1,795,958
84$3,828,244$262,819$0$1,894,476
85$4,139,246$196,219$0$2,006,151
86$4,479,468$123,852$0$2,128,563
87$4,851,809$45,357$0$2,262,879
88$5,259,466$0$0$2,410,395
89$5,705,956$0$0$2,592,613
90$6,195,154$0$0$2,817,511
91$6,731,326$0$0$3,064,103
92$7,319,173$0$0$3,334,562
93$7,963,869$0$0$3,631,282
94$8,671,115$0$0$3,956,901
95$9,447,192$0$0$4,314,322
96$10,299,013$0$0$4,706,745
97$11,234,200$0$0$5,137,696
98$12,261,143$0$0$5,611,055
99$13,389,087$0$0$6,131,100
100$14,628,217$0$0$6,702,543