Can I retire at age 61 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$62,925$62,365$61,818$61,284$60,763$60,178
2 years$31,151$30,571$30,009$29,464$28,935$28,346
3 years$20,561$19,978$19,418$18,878$18,357$17,783
4 years$15,267$14,686$14,131$13,600$13,093$12,536
5 years$12,092$11,514$10,966$10,446$9,953$9,416
6 years$9,975$9,402$8,862$8,354$7,875$7,360
7 years$8,464$7,896$7,365$6,868$6,405$5,910
8 years$7,331$6,768$6,246$5,762$5,313$4,839
9 years$6,451$5,893$5,380$4,908$4,475$4,021
10 years$5,747$5,194$4,690$4,230$3,813$3,380
11 years$5,171$4,624$4,129$3,682$3,279$2,866
12 years$4,692$4,151$3,664$3,229$2,841$2,448
13 years$4,286$3,751$3,274$2,851$2,478$2,104
14 years$3,939$3,409$2,942$2,531$2,172$1,817
15 years$3,639$3,115$2,656$2,257$1,912$1,576
16 years$3,376$2,858$2,408$2,021$1,690$1,371
17 years$3,144$2,632$2,191$1,816$1,499$1,197
18 years$2,939$2,432$2,000$1,636$1,333$1,047
19 years$2,755$2,254$1,831$1,479$1,188$918
20 years$2,590$2,094$1,680$1,339$1,061$807
21 years$2,441$1,951$1,546$1,215$949$710
22 years$2,305$1,821$1,425$1,105$851$625
23 years$2,181$1,703$1,315$1,006$764$552
24 years$2,068$1,596$1,217$918$687$487
25 years$1,965$1,497$1,127$838$618$431
26 years$1,869$1,407$1,045$766$557$381
27 years$1,780$1,325$970$702$502$338
28 years$1,698$1,248$902$643$453$299
29 years$1,622$1,177$839$589$409$265
30 years$1,551$1,112$782$541$369$235
31 years$1,485$1,051$729$497$334$209
32 years$1,423$995$680$457$302$185
33 years$1,365$942$635$420$273$165
34 years$1,310$893$593$386$248$146
35 years$1,259$847$555$356$224$130
36 years$1,210$804$519$328$203$115
37 years$1,165$763$486$302$184$103
38 years$1,121$725$455$278$167$91
39 years$1,080$690$426$256$151$81
40 years$1,042$656$399$237$137$72
41 years$1,005$625$375$218$125$64
42 years$970$595$351$201$113$57
43 years$937$567$330$186$103$51
44 years$905$540$309$172$93$45
45 years$875$515$291$159$85$40
46 years$847$492$273$146$77$36
47 years$819$469$256$135$70$32
48 years$793$448$241$125$63$28
49 years$768$428$226$116$57$25
50 years$744$409$213$107$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $762,000, adding $5,986 every year, while hoping to spend $58,034 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: 54/26/20 Blend
60$762,000$762,000$762,000$762,000
61$845,899$805,513$793,702$886,671
62$870,432$783,235$758,543$892,989
63$895,524$757,921$720,261$893,248
64$921,168$729,360$678,691$892,276
65$947,359$697,330$633,658$889,971
66$974,086$661,596$584,983$886,228
67$1,001,337$621,908$532,474$880,931
68$1,029,097$578,005$475,936$873,959
69$1,057,346$529,608$415,160$865,181
70$1,086,059$476,423$349,932$854,459
71$1,115,208$418,139$280,025$841,645
72$1,144,759$354,427$205,206$826,580
73$1,174,672$284,941$125,228$809,095
74$1,204,900$209,315$39,835$789,010
75$1,235,389$127,161$0$766,132
76$1,266,077$38,071$0$751,201
77$1,296,893$0$0$742,834
78$1,327,755$0$0$749,053
79$1,358,570$0$0$766,097
80$1,389,233$0$0$783,009
81$1,419,624$0$0$799,718
82$1,449,609$0$0$816,142
83$1,479,036$0$0$832,189
84$1,507,733$0$0$847,755
85$1,535,510$0$0$862,726
86$1,562,150$0$0$876,972
87$1,587,413$0$0$890,348
88$1,611,029$0$0$902,691
89$1,632,698$0$0$913,822
90$1,652,084$0$0$923,538
91$1,668,812$0$0$931,616
92$1,682,464$0$0$937,804
93$1,692,577$0$0$941,825
94$1,698,635$0$0$943,370
95$1,700,063$0$0$942,095
96$1,696,224$0$0$937,619
97$1,686,411$0$0$929,518
98$1,669,837$0$0$917,324
99$1,645,632$0$0$900,514
100$1,612,831$0$0$878,514