Can I retire at age 61 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$62,678$62,119$61,575$61,043$60,524$58,586
2 years$31,028$30,451$29,891$29,348$28,821$26,887
3 years$20,480$19,900$19,341$18,803$18,285$16,415
4 years$15,207$14,628$14,075$13,547$13,041$11,250
5 years$12,044$11,469$10,923$10,405$9,914$8,205
6 years$9,936$9,365$8,827$8,321$7,844$6,221
7 years$8,431$7,865$7,336$6,841$6,380$4,840
8 years$7,303$6,742$6,221$5,739$5,292$3,837
9 years$6,425$5,870$5,358$4,888$4,457$3,083
10 years$5,724$5,174$4,672$4,214$3,798$2,503
11 years$5,151$4,606$4,113$3,667$3,266$2,049
12 years$4,673$4,134$3,650$3,217$2,830$1,688
13 years$4,269$3,736$3,261$2,840$2,468$1,397
14 years$3,924$3,396$2,930$2,521$2,163$1,162
15 years$3,624$3,102$2,645$2,248$1,905$969
16 years$3,363$2,846$2,398$2,013$1,684$811
17 years$3,132$2,621$2,182$1,809$1,493$679
18 years$2,927$2,422$1,992$1,630$1,327$571
19 years$2,744$2,245$1,824$1,473$1,183$480
20 years$2,580$2,086$1,674$1,334$1,057$404
21 years$2,431$1,943$1,540$1,211$946$341
22 years$2,296$1,814$1,419$1,101$848$288
23 years$2,173$1,696$1,310$1,002$761$243
24 years$2,060$1,589$1,212$914$684$205
25 years$1,957$1,492$1,122$835$615$174
26 years$1,861$1,402$1,041$763$554$147
27 years$1,773$1,319$967$699$500$124
28 years$1,692$1,243$899$640$451$105
29 years$1,616$1,173$836$587$407$89
30 years$1,545$1,108$779$539$368$76
31 years$1,479$1,047$726$495$333$64
32 years$1,417$991$677$455$301$54
33 years$1,359$938$633$418$272$46
34 years$1,305$889$591$385$247$39
35 years$1,254$843$553$354$223$33
36 years$1,205$801$517$326$202$28
37 years$1,160$760$484$301$183$24
38 years$1,117$723$453$277$166$20
39 years$1,076$687$424$255$151$17
40 years$1,038$654$398$236$137$14
41 years$1,001$622$373$217$124$12
42 years$966$593$350$201$113$10
43 years$933$565$328$185$102$9
44 years$902$538$308$171$93$7
45 years$872$513$289$158$84$6
46 years$843$490$272$146$76$5
47 years$816$467$255$135$69$5
48 years$790$446$240$125$63$4
49 years$765$426$226$115$57$3
50 years$741$407$212$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $759,000, adding $6,052 every year, while hoping to spend $20,957 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: 40/45/15 Blend
60$759,000$759,000$759,000$759,000
61$842,661$802,434$790,669$872,383
62$906,314$819,455$794,858$911,063
63$975,757$836,608$798,486$950,381
64$1,051,560$853,876$801,510$992,464
65$1,134,347$871,244$803,888$1,037,575
66$1,224,807$888,692$805,575$1,085,999
67$1,323,699$906,199$806,524$1,138,056
68$1,431,857$923,744$806,684$1,194,095
69$1,550,202$941,303$806,003$1,254,502
70$1,679,745$958,850$804,427$1,319,703
71$1,821,602$976,356$801,898$1,390,166
72$1,976,999$993,791$798,355$1,466,409
73$2,147,289$1,011,123$793,736$1,549,004
74$2,333,961$1,028,317$787,975$1,638,579
75$2,538,654$1,045,333$781,001$1,735,828
76$2,763,175$1,062,133$772,742$1,841,518
77$3,009,512$1,078,671$763,123$1,956,493
78$3,279,858$1,094,901$752,063$2,081,684
79$3,576,625$1,110,772$739,478$2,218,118
80$3,902,472$1,126,232$725,282$2,366,929
81$4,260,328$1,141,221$709,383$2,529,367
82$4,653,419$1,155,679$691,685$2,706,808
83$5,085,300$1,169,539$672,089$2,900,774
84$5,559,885$1,182,731$650,488$3,112,942
85$6,081,488$1,195,179$626,774$3,345,159
86$6,654,862$1,206,805$600,833$3,599,465
87$7,285,241$1,217,521$572,544$3,878,110
88$7,978,393$1,227,237$541,782$4,183,573
89$8,740,674$1,235,857$508,416$4,518,589
90$9,579,084$1,243,276$472,310$4,886,175
91$10,501,339$1,249,384$433,320$5,289,658
92$11,515,937$1,254,065$391,298$5,732,705
93$12,632,243$1,257,195$346,087$6,219,362
94$13,860,575$1,258,641$297,524$6,754,090
95$15,212,302$1,258,263$245,440$7,341,807
96$16,699,951$1,255,912$189,656$7,987,937
97$18,337,324$1,251,429$129,987$8,698,462
98$20,139,629$1,244,647$66,240$9,479,975
99$22,123,624$1,235,388$0$10,339,749
100$24,307,773$1,223,462$0$11,286,087