Can I retire at age 61 with 762,000?

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 $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%15.9%
1 years$62,925$62,365$61,818$61,284$60,763$59,294
2 years$31,151$30,571$30,009$29,464$28,935$27,464
3 years$20,561$19,978$19,418$18,878$18,357$16,930
4 years$15,267$14,686$14,131$13,600$13,093$11,720
5 years$12,092$11,514$10,966$10,446$9,953$8,639
6 years$9,975$9,402$8,862$8,354$7,875$6,621
7 years$8,464$7,896$7,365$6,868$6,405$5,211
8 years$7,331$6,768$6,246$5,762$5,313$4,179
9 years$6,451$5,893$5,380$4,908$4,475$3,399
10 years$5,747$5,194$4,690$4,230$3,813$2,795
11 years$5,171$4,624$4,129$3,682$3,279$2,317
12 years$4,692$4,151$3,664$3,229$2,841$1,934
13 years$4,286$3,751$3,274$2,851$2,478$1,623
14 years$3,939$3,409$2,942$2,531$2,172$1,368
15 years$3,639$3,115$2,656$2,257$1,912$1,157
16 years$3,376$2,858$2,408$2,021$1,690$982
17 years$3,144$2,632$2,191$1,816$1,499$835
18 years$2,939$2,432$2,000$1,636$1,333$712
19 years$2,755$2,254$1,831$1,479$1,188$608
20 years$2,590$2,094$1,680$1,339$1,061$520
21 years$2,441$1,951$1,546$1,215$949$445
22 years$2,305$1,821$1,425$1,105$851$382
23 years$2,181$1,703$1,315$1,006$764$328
24 years$2,068$1,596$1,217$918$687$281
25 years$1,965$1,497$1,127$838$618$242
26 years$1,869$1,407$1,045$766$557$208
27 years$1,780$1,325$970$702$502$179
28 years$1,698$1,248$902$643$453$154
29 years$1,622$1,177$839$589$409$132
30 years$1,551$1,112$782$541$369$114
31 years$1,485$1,051$729$497$334$98
32 years$1,423$995$680$457$302$85
33 years$1,365$942$635$420$273$73
34 years$1,310$893$593$386$248$63
35 years$1,259$847$555$356$224$54
36 years$1,210$804$519$328$203$47
37 years$1,165$763$486$302$184$40
38 years$1,121$725$455$278$167$35
39 years$1,080$690$426$256$151$30
40 years$1,042$656$399$237$137$26
41 years$1,005$625$375$218$125$22
42 years$970$595$351$201$113$19
43 years$937$567$330$186$103$17
44 years$905$540$309$172$93$14
45 years$875$515$291$159$85$12
46 years$847$492$273$146$77$11
47 years$819$469$256$135$70$9
48 years$793$448$241$125$63$8
49 years$768$428$226$116$57$7
50 years$744$409$213$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $762,000, adding $3,516 every year, while hoping to spend $43,795 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: 48/39/13 Blend
60$762,000$762,000$762,000$762,000
61$843,351$802,965$791,154$880,633
62$882,775$795,712$771,060$899,457
63$924,753$786,637$748,825$915,068
64$969,498$775,603$724,331$931,041
65$1,017,246$762,466$697,455$947,425
66$1,068,253$747,075$668,068$964,278
67$1,122,801$729,268$636,034$981,663
68$1,181,198$708,874$601,214$999,655
69$1,243,785$685,713$563,458$1,018,341
70$1,310,931$659,593$522,615$1,037,817
71$1,383,045$630,313$478,521$1,058,196
72$1,460,575$597,657$431,011$1,079,603
73$1,544,011$561,399$379,907$1,102,183
74$1,633,892$521,300$325,026$1,126,098
75$1,730,813$477,107$266,178$1,151,533
76$1,835,422$428,552$203,161$1,178,695
77$1,948,435$375,351$135,767$1,207,819
78$2,070,639$317,207$63,779$1,239,170
79$2,202,896$253,802$0$1,273,044
80$2,346,157$184,804$0$1,311,585
81$2,501,465$109,859$0$1,362,917
82$2,669,969$28,596$0$1,418,640
83$2,852,930$0$0$1,479,259
84$3,051,739$0$0$1,570,822
85$3,267,921$0$0$1,683,806
86$3,503,159$0$0$1,806,827
87$3,759,302$0$0$1,940,861
88$4,038,384$0$0$2,086,982
89$4,342,644$0$0$2,246,376
90$4,674,548$0$0$2,420,342
91$5,036,809$0$0$2,610,316
92$5,432,412$0$0$2,817,874
93$5,864,644$0$0$3,044,755
94$6,337,125$0$0$3,292,870
95$6,853,840$0$0$3,564,326
96$7,419,174$0$0$3,861,441
97$8,037,960$0$0$4,186,769
98$8,715,515$0$0$4,543,122
99$9,457,698$0$0$4,933,595
100$10,270,959$0$0$5,361,600