Can I retire at age 61 with 765,000?

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 $765,000?

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$63,173$62,610$62,061$61,525$61,002$59,527
2 years$31,274$30,691$30,127$29,580$29,049$27,572
3 years$20,642$20,057$19,494$18,952$18,430$16,997
4 years$15,327$14,744$14,187$13,654$13,144$11,766
5 years$12,139$11,560$11,009$10,487$9,992$8,673
6 years$10,015$9,439$8,897$8,387$7,906$6,648
7 years$8,498$7,927$7,394$6,895$6,430$5,231
8 years$7,360$6,795$6,270$5,784$5,334$4,196
9 years$6,476$5,916$5,401$4,927$4,492$3,413
10 years$5,769$5,215$4,708$4,247$3,828$2,806
11 years$5,191$4,642$4,145$3,696$3,292$2,326
12 years$4,710$4,167$3,679$3,242$2,853$1,942
13 years$4,303$3,766$3,287$2,862$2,488$1,629
14 years$3,955$3,423$2,953$2,541$2,181$1,373
15 years$3,653$3,127$2,666$2,266$1,920$1,162
16 years$3,389$2,869$2,417$2,029$1,697$986
17 years$3,157$2,642$2,200$1,823$1,505$839
18 years$2,950$2,441$2,008$1,643$1,338$715
19 years$2,766$2,263$1,838$1,484$1,192$610
20 years$2,600$2,103$1,687$1,344$1,065$522
21 years$2,450$1,958$1,552$1,220$953$447
22 years$2,314$1,828$1,430$1,109$854$383
23 years$2,190$1,710$1,321$1,010$767$329
24 years$2,077$1,602$1,221$922$689$282
25 years$1,972$1,503$1,131$842$620$243
26 years$1,876$1,413$1,049$770$559$209
27 years$1,787$1,330$974$704$504$179
28 years$1,705$1,253$906$645$455$154
29 years$1,628$1,182$843$592$410$133
30 years$1,557$1,116$785$543$371$115
31 years$1,491$1,055$732$499$335$99
32 years$1,428$999$683$458$303$85
33 years$1,370$946$638$422$274$73
34 years$1,315$896$596$388$249$63
35 years$1,264$850$557$357$225$54
36 years$1,215$807$521$329$204$47
37 years$1,169$766$488$303$185$40
38 years$1,126$728$457$279$168$35
39 years$1,085$693$428$257$152$30
40 years$1,046$659$401$237$138$26
41 years$1,009$627$376$219$125$22
42 years$974$597$353$202$113$19
43 years$941$569$331$187$103$17
44 years$909$542$311$172$93$14
45 years$879$517$292$159$85$12
46 years$850$493$274$147$77$11
47 years$822$471$257$136$70$9
48 years$796$450$242$126$64$8
49 years$771$429$227$116$58$7
50 years$747$410$214$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $765,000, adding $4,535 every year, while hoping to spend $43,869 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: 36/35/29 Blend
60$765,000$765,000$765,000$765,000
61$847,708$807,163$795,305$870,720
62$887,498$800,038$775,272$881,150
63$929,876$791,093$753,097$888,126
64$975,060$780,193$728,662$894,823
65$1,023,289$767,195$701,845$901,246
66$1,074,823$751,946$672,516$907,404
67$1,129,949$734,286$640,539$913,311
68$1,188,981$714,043$605,774$918,988
69$1,252,264$691,038$568,074$924,460
70$1,320,174$665,078$527,284$929,761
71$1,393,127$635,962$483,243$934,933
72$1,471,577$603,476$435,783$940,028
73$1,556,025$567,392$384,729$945,108
74$1,647,018$527,473$329,896$950,247
75$1,745,159$483,465$271,092$955,535
76$1,851,109$435,099$208,119$961,077
77$1,965,598$382,094$140,766$966,993
78$2,089,422$324,150$68,815$973,427
79$2,223,462$260,953$0$980,543
80$2,368,683$192,167$0$990,996
81$2,526,147$117,441$0$1,025,423
82$2,697,022$36,404$0$1,062,834
83$2,882,592$0$0$1,103,593
84$3,084,270$0$0$1,167,881
85$3,303,611$0$0$1,253,143
86$3,542,323$0$0$1,346,035
87$3,802,289$0$0$1,447,301
88$4,085,579$0$0$1,557,762
89$4,394,472$0$0$1,678,319
90$4,731,475$0$0$1,809,966
91$5,099,348$0$0$1,953,795
92$5,501,131$0$0$2,111,010
93$5,940,166$0$0$2,282,935
94$6,420,139$0$0$2,471,029
95$6,945,101$0$0$2,676,900
96$7,519,518$0$0$2,902,314
97$8,148,306$0$0$3,149,220
98$8,836,876$0$0$3,419,764
99$9,591,190$0$0$3,716,306
100$10,417,811$0$0$4,041,449