Can I retire at age 61 with 763,000?

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 $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%11.6%
1 years$63,008$62,447$61,899$61,365$60,843$60,434
2 years$31,192$30,611$30,048$29,502$28,973$28,560
3 years$20,588$20,005$19,443$18,902$18,381$17,978
4 years$15,287$14,706$14,150$13,618$13,110$12,719
5 years$12,107$11,529$10,981$10,460$9,966$9,589
6 years$9,988$9,415$8,874$8,365$7,886$7,523
7 years$8,475$7,906$7,374$6,877$6,413$6,064
8 years$7,341$6,777$6,254$5,769$5,320$4,986
9 years$6,459$5,901$5,387$4,914$4,480$4,160
10 years$5,754$5,201$4,696$4,236$3,818$3,511
11 years$5,178$4,630$4,134$3,687$3,283$2,990
12 years$4,698$4,156$3,669$3,234$2,845$2,566
13 years$4,292$3,756$3,278$2,855$2,481$2,215
14 years$3,944$3,414$2,945$2,534$2,175$1,922
15 years$3,643$3,119$2,659$2,260$1,915$1,674
16 years$3,380$2,861$2,411$2,024$1,692$1,464
17 years$3,148$2,635$2,194$1,818$1,501$1,284
18 years$2,943$2,435$2,003$1,639$1,334$1,129
19 years$2,759$2,257$1,834$1,481$1,189$995
20 years$2,593$2,097$1,683$1,341$1,062$878
21 years$2,444$1,953$1,548$1,217$951$777
22 years$2,308$1,823$1,426$1,107$852$688
23 years$2,184$1,705$1,317$1,008$765$611
24 years$2,071$1,598$1,218$919$688$542
25 years$1,967$1,499$1,128$839$619$482
26 years$1,871$1,409$1,046$767$557$429
27 years$1,783$1,326$972$703$502$382
28 years$1,701$1,250$903$644$453$340
29 years$1,624$1,179$841$590$409$303
30 years$1,553$1,113$783$542$370$271
31 years$1,487$1,053$730$497$334$241
32 years$1,425$996$681$457$302$216
33 years$1,366$943$636$420$274$193
34 years$1,312$894$594$387$248$172
35 years$1,260$848$555$356$224$154
36 years$1,212$805$520$328$203$137
37 years$1,166$764$486$302$184$123
38 years$1,123$726$455$279$167$110
39 years$1,082$691$427$257$152$98
40 years$1,043$657$400$237$137$88
41 years$1,006$626$375$219$125$79
42 years$971$596$352$202$113$70
43 years$938$568$330$186$103$63
44 years$907$541$310$172$93$56
45 years$876$516$291$159$85$51
46 years$848$492$273$147$77$45
47 years$820$470$257$135$70$41
48 years$794$448$241$125$63$36
49 years$769$428$227$116$58$33
50 years$745$409$213$107$52$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $763,000, adding $6,877 every year, while hoping to spend $26,007 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: 69/20/11 Blend
60$763,000$763,000$763,000$763,000
61$847,920$807,481$795,654$904,010
62$906,736$819,376$794,637$954,028
63$970,680$830,982$792,715$1,004,940
64$1,040,248$842,259$789,829$1,059,950
65$1,115,984$853,160$785,919$1,119,459
66$1,198,488$863,639$780,921$1,183,904
67$1,288,421$873,644$774,769$1,253,770
68$1,386,509$883,122$767,393$1,329,589
69$1,493,552$892,014$758,720$1,411,950
70$1,610,431$900,260$748,673$1,501,501
71$1,738,115$907,792$737,173$1,598,956
72$1,877,669$914,540$724,136$1,705,101
73$2,030,270$920,431$709,473$1,820,804
74$2,197,210$925,385$693,092$1,947,021
75$2,379,913$929,316$674,899$2,084,808
76$2,579,947$932,136$654,791$2,235,325
77$2,799,040$933,749$632,664$2,399,854
78$3,039,092$934,052$608,408$2,579,807
79$3,302,197$932,939$581,908$2,776,741
80$3,590,662$930,294$553,043$2,992,372
81$3,907,028$925,996$521,688$3,228,591
82$4,254,091$919,917$487,711$3,487,485
83$4,634,935$911,919$450,976$3,771,352
84$5,052,952$901,857$411,337$4,082,727
85$5,511,883$889,577$368,647$4,424,404
86$6,015,846$874,917$322,747$4,799,463
87$6,569,378$857,704$273,475$5,211,299
88$7,177,477$837,755$220,660$5,663,655
89$7,845,651$814,876$164,123$6,160,657
90$8,579,965$788,862$103,678$6,706,854
91$9,387,101$759,496$39,131$7,307,259
92$10,274,423$726,549$0$7,967,401
93$11,250,041$689,777$0$8,696,863
94$12,322,893$648,924$0$9,503,999
95$13,502,824$603,717$0$10,391,641
96$14,800,683$553,869$0$11,367,976
97$16,228,421$499,077$0$12,442,030
98$17,799,207$439,020$0$13,623,747
99$19,527,551$373,357$0$14,924,090
100$21,429,441$301,731$0$16,355,140