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%17.3%
1 years$63,008$62,447$61,899$61,365$60,843$59,037
2 years$31,192$30,611$30,048$29,502$28,973$27,168
3 years$20,588$20,005$19,443$18,902$18,381$16,635
4 years$15,287$14,706$14,150$13,618$13,110$11,435
5 years$12,107$11,529$10,981$10,460$9,966$8,367
6 years$9,988$9,415$8,874$8,365$7,886$6,364
7 years$8,475$7,906$7,374$6,877$6,413$4,969
8 years$7,341$6,777$6,254$5,769$5,320$3,952
9 years$6,459$5,901$5,387$4,914$4,480$3,188
10 years$5,754$5,201$4,696$4,236$3,818$2,598
11 years$5,178$4,630$4,134$3,687$3,283$2,135
12 years$4,698$4,156$3,669$3,234$2,845$1,765
13 years$4,292$3,756$3,278$2,855$2,481$1,468
14 years$3,944$3,414$2,945$2,534$2,175$1,225
15 years$3,643$3,119$2,659$2,260$1,915$1,026
16 years$3,380$2,861$2,411$2,024$1,692$862
17 years$3,148$2,635$2,194$1,818$1,501$726
18 years$2,943$2,435$2,003$1,639$1,334$612
19 years$2,759$2,257$1,834$1,481$1,189$518
20 years$2,593$2,097$1,683$1,341$1,062$438
21 years$2,444$1,953$1,548$1,217$951$371
22 years$2,308$1,823$1,426$1,107$852$315
23 years$2,184$1,705$1,317$1,008$765$267
24 years$2,071$1,598$1,218$919$688$227
25 years$1,967$1,499$1,128$839$619$193
26 years$1,871$1,409$1,046$767$557$164
27 years$1,783$1,326$972$703$502$139
28 years$1,701$1,250$903$644$453$119
29 years$1,624$1,179$841$590$409$101
30 years$1,553$1,113$783$542$370$86
31 years$1,487$1,053$730$497$334$73
32 years$1,425$996$681$457$302$62
33 years$1,366$943$636$420$274$53
34 years$1,312$894$594$387$248$45
35 years$1,260$848$555$356$224$38
36 years$1,212$805$520$328$203$33
37 years$1,166$764$486$302$184$28
38 years$1,123$726$455$279$167$24
39 years$1,082$691$427$257$152$20
40 years$1,043$657$400$237$137$17
41 years$1,006$626$375$219$125$15
42 years$971$596$352$202$113$13
43 years$938$568$330$186$103$11
44 years$907$541$310$172$93$9
45 years$876$516$291$159$85$8
46 years$848$492$273$147$77$7
47 years$820$470$257$135$70$6
48 years$794$448$241$125$63$5
49 years$769$428$227$116$58$4
50 years$745$409$213$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $763,000, adding $2,429 every year, while hoping to spend $23,868 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: 32/43/25 Blend
60$763,000$763,000$763,000$763,000
61$843,332$802,893$791,066$863,789
62$903,956$816,839$792,171$893,476
63$969,964$830,669$792,514$923,130
64$1,041,880$844,351$792,043$954,592
65$1,120,280$857,853$790,704$988,036
66$1,205,799$871,138$788,443$1,023,656
67$1,299,135$884,168$785,201$1,061,666
68$1,401,058$896,903$780,916$1,102,304
69$1,512,413$909,299$775,524$1,145,830
70$1,634,132$921,307$768,957$1,192,534
71$1,767,242$932,879$761,145$1,242,739
72$1,912,871$943,961$752,014$1,296,799
73$2,072,263$954,495$741,486$1,355,106
74$2,246,789$964,419$729,480$1,418,095
75$2,437,955$973,670$715,911$1,486,247
76$2,647,423$982,176$700,691$1,560,092
77$2,877,022$989,864$683,726$1,640,219
78$3,128,766$996,656$664,919$1,727,278
79$3,404,874$1,002,466$644,167$1,821,985
80$3,707,790$1,007,205$621,366$1,925,136
81$4,040,205$1,010,779$596,402$2,037,607
82$4,405,084$1,013,086$569,160$2,160,370
83$4,805,694$1,014,018$539,518$2,294,495
84$5,245,632$1,013,462$507,349$2,441,167
85$5,728,860$1,011,295$472,519$2,601,695
86$6,259,745$1,007,390$434,890$2,777,524
87$6,843,097$1,001,610$394,316$2,970,251
88$7,484,214$993,810$350,647$3,181,640
89$8,188,932$983,835$303,722$3,413,641
90$8,963,684$971,524$253,378$3,668,403
91$9,815,555$956,703$199,440$3,948,303
92$10,752,349$939,190$141,730$4,255,966
93$11,782,669$918,790$80,057$4,594,287
94$12,915,988$895,298$14,227$4,966,466
95$14,162,748$868,497$0$5,376,031
96$15,534,452$838,156$0$5,841,827
97$17,043,773$804,033$0$6,358,232
98$18,704,676$765,869$0$6,926,253
99$20,532,548$723,392$0$7,551,194
100$22,544,343$676,313$0$8,238,903