Can I retire at age 61 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$63,008$62,447$61,899$61,365$60,843$60,383
2 years$31,192$30,611$30,048$29,502$28,973$28,510
3 years$20,588$20,005$19,443$18,902$18,381$17,929
4 years$15,287$14,706$14,150$13,618$13,110$12,671
5 years$12,107$11,529$10,981$10,460$9,966$9,543
6 years$9,988$9,415$8,874$8,365$7,886$7,478
7 years$8,475$7,906$7,374$6,877$6,413$6,022
8 years$7,341$6,777$6,254$5,769$5,320$4,945
9 years$6,459$5,901$5,387$4,914$4,480$4,121
10 years$5,754$5,201$4,696$4,236$3,818$3,474
11 years$5,178$4,630$4,134$3,687$3,283$2,956
12 years$4,698$4,156$3,669$3,234$2,845$2,533
13 years$4,292$3,756$3,278$2,855$2,481$2,183
14 years$3,944$3,414$2,945$2,534$2,175$1,892
15 years$3,643$3,119$2,659$2,260$1,915$1,646
16 years$3,380$2,861$2,411$2,024$1,692$1,437
17 years$3,148$2,635$2,194$1,818$1,501$1,259
18 years$2,943$2,435$2,003$1,639$1,334$1,105
19 years$2,759$2,257$1,834$1,481$1,189$973
20 years$2,593$2,097$1,683$1,341$1,062$858
21 years$2,444$1,953$1,548$1,217$951$758
22 years$2,308$1,823$1,426$1,107$852$670
23 years$2,184$1,705$1,317$1,008$765$593
24 years$2,071$1,598$1,218$919$688$526
25 years$1,967$1,499$1,128$839$619$467
26 years$1,871$1,409$1,046$767$557$415
27 years$1,783$1,326$972$703$502$369
28 years$1,701$1,250$903$644$453$328
29 years$1,624$1,179$841$590$409$292
30 years$1,553$1,113$783$542$370$260
31 years$1,487$1,053$730$497$334$232
32 years$1,425$996$681$457$302$207
33 years$1,366$943$636$420$274$184
34 years$1,312$894$594$387$248$164
35 years$1,260$848$555$356$224$147
36 years$1,212$805$520$328$203$131
37 years$1,166$764$486$302$184$117
38 years$1,123$726$455$279$167$104
39 years$1,082$691$427$257$152$93
40 years$1,043$657$400$237$137$83
41 years$1,006$626$375$219$125$74
42 years$971$596$352$202$113$66
43 years$938$568$330$186$103$59
44 years$907$541$310$172$93$53
45 years$876$516$291$159$85$47
46 years$848$492$273$147$77$42
47 years$820$470$257$135$70$38
48 years$794$448$241$125$63$34
49 years$769$428$227$116$58$30
50 years$745$409$213$107$52$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $763,000, adding $4,893 every year, while hoping to spend $30,031 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: 74/19/7 Blend
60$763,000$763,000$763,000$763,000
61$845,873$805,434$793,608$907,297
62$900,199$812,948$788,241$955,933
63$959,061$819,823$781,688$1,004,917
64$1,022,887$825,997$773,877$1,057,722
65$1,092,153$831,402$764,733$1,114,716
66$1,167,380$835,968$754,179$1,176,305
67$1,249,140$839,618$742,131$1,242,934
68$1,338,065$842,271$728,505$1,315,095
69$1,434,847$843,842$713,209$1,393,332
70$1,540,251$844,240$696,151$1,478,240
71$1,655,115$843,367$677,231$1,570,480
72$1,780,366$841,120$656,347$1,670,776
73$1,917,019$837,391$633,391$1,779,930
74$2,066,196$832,064$608,250$1,898,823
75$2,229,128$825,015$580,807$2,028,428
76$2,407,173$816,115$550,938$2,169,817
77$2,601,824$805,225$518,514$2,324,170
78$2,814,728$792,198$483,402$2,492,792
79$3,047,694$776,880$445,460$2,677,117
80$3,302,718$759,106$404,541$2,878,730
81$3,581,995$738,702$360,493$3,099,375
82$3,887,944$715,483$313,155$3,340,976
83$4,223,228$689,256$262,360$3,605,654
84$4,590,781$659,813$207,932$3,895,748
85$4,993,832$626,936$149,690$4,213,836
86$5,435,941$590,394$87,443$4,562,760
87$5,921,026$549,942$20,991$4,945,652
88$6,453,405$505,323$0$5,365,967
89$7,037,832$456,263$0$5,831,241
90$7,679,544$402,474$0$6,343,858
91$8,384,313$343,651$0$6,906,895
92$9,158,495$279,471$0$7,525,469
93$10,009,090$209,595$0$8,205,223
94$10,943,814$133,661$0$8,952,377
95$11,971,165$51,292$0$9,773,784
96$13,100,504$0$0$10,676,999
97$14,342,147$0$0$11,678,277
98$15,707,457$0$0$12,791,110
99$17,208,954$0$0$14,014,984
100$18,860,434$0$0$15,361,147