Can I retire at age 61 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$62,760$62,201$61,656$61,123$60,603$59,404
2 years$31,069$30,491$29,930$29,386$28,859$27,656
3 years$20,507$19,926$19,367$18,828$18,309$17,140
4 years$15,227$14,648$14,094$13,565$13,058$11,931
5 years$12,060$11,484$10,937$10,419$9,927$8,846
6 years$9,949$9,378$8,839$8,332$7,855$6,820
7 years$8,442$7,875$7,345$6,850$6,388$5,401
8 years$7,312$6,751$6,229$5,746$5,299$4,359
9 years$6,434$5,878$5,365$4,895$4,463$3,569
10 years$5,732$5,181$4,678$4,219$3,803$2,954
11 years$5,157$4,612$4,118$3,672$3,270$2,467
12 years$4,679$4,140$3,655$3,221$2,834$2,074
13 years$4,275$3,741$3,265$2,844$2,471$1,753
14 years$3,929$3,400$2,934$2,524$2,166$1,489
15 years$3,629$3,106$2,649$2,251$1,907$1,269
16 years$3,367$2,850$2,402$2,016$1,686$1,085
17 years$3,136$2,625$2,185$1,811$1,495$931
18 years$2,931$2,425$1,995$1,632$1,329$800
19 years$2,748$2,248$1,826$1,475$1,185$689
20 years$2,583$2,089$1,676$1,336$1,058$594
21 years$2,434$1,946$1,542$1,212$947$513
22 years$2,299$1,816$1,421$1,102$849$443
23 years$2,176$1,699$1,312$1,004$762$384
24 years$2,063$1,592$1,213$916$685$332
25 years$1,959$1,494$1,124$836$616$288
26 years$1,864$1,404$1,042$764$555$250
27 years$1,776$1,321$968$700$500$217
28 years$1,694$1,245$900$641$452$188
29 years$1,618$1,174$837$588$408$164
30 years$1,547$1,109$780$540$368$142
31 years$1,481$1,048$727$496$333$124
32 years$1,419$992$678$455$301$107
33 years$1,361$939$633$419$273$93
34 years$1,307$890$592$385$247$81
35 years$1,255$845$553$355$224$71
36 years$1,207$802$518$327$203$62
37 years$1,161$761$484$301$184$54
38 years$1,118$724$454$277$166$47
39 years$1,078$688$425$256$151$41
40 years$1,039$655$398$236$137$35
41 years$1,002$623$374$218$124$31
42 years$968$593$350$201$113$27
43 years$934$565$329$185$102$23
44 years$903$539$309$171$93$20
45 years$873$514$290$158$84$18
46 years$844$490$272$146$77$15
47 years$817$468$256$135$70$13
48 years$791$447$240$125$63$12
49 years$766$427$226$115$57$10
50 years$742$407$212$107$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $760,000, adding $4,049 every year, while hoping to spend $38,041 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: 62/27/11 Blend
60$760,000$760,000$760,000$760,000
61$841,697$801,417$789,637$891,501
62$887,074$800,211$775,614$924,148
63$935,806$797,671$759,847$955,034
64$988,192$793,691$742,236$987,803
65$1,044,566$788,160$722,679$1,022,638
66$1,105,290$780,958$701,068$1,059,743
67$1,170,765$771,961$677,289$1,099,342
68$1,241,430$761,033$651,224$1,141,684
69$1,317,766$748,035$622,751$1,187,045
70$1,400,305$732,815$591,740$1,235,730
71$1,489,629$715,216$558,056$1,288,076
72$1,586,378$695,068$521,558$1,344,459
73$1,691,258$672,195$482,099$1,405,291
74$1,805,041$646,408$439,524$1,471,033
75$1,928,581$617,508$393,674$1,542,190
76$2,062,813$585,283$344,379$1,619,325
77$2,208,769$549,511$291,465$1,703,059
78$2,367,583$509,956$234,748$1,794,078
79$2,540,501$466,368$174,037$1,893,143
80$2,728,897$418,485$109,132$2,001,095
81$2,934,280$366,027$39,824$2,118,864
82$3,158,315$308,701$0$2,247,476
83$3,402,831$246,194$0$2,392,077
84$3,669,841$178,180$0$2,555,163
85$3,961,565$104,310$0$2,733,474
86$4,280,442$24,219$0$2,928,572
87$4,629,161$0$0$3,142,185
88$5,010,680$0$0$3,394,781
89$5,428,259$0$0$3,679,184
90$5,885,486$0$0$3,990,646
91$6,386,311$0$0$4,331,868
92$6,935,087$0$0$4,705,820
93$7,536,604$0$0$5,115,777
94$8,196,142$0$0$5,565,343
95$8,919,513$0$0$6,058,490
96$9,713,120$0$0$6,599,590
97$10,584,015$0$0$7,193,461
98$11,539,966$0$0$7,845,409
99$12,589,531$0$0$8,561,280
100$13,742,134$0$0$9,347,513