Can I retire at age 61 with 765,000?

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 $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%12.9%
1 years$63,173$62,610$62,061$61,525$61,002$60,265
2 years$31,274$30,691$30,127$29,580$29,049$28,307
3 years$20,642$20,057$19,494$18,952$18,430$17,706
4 years$15,327$14,744$14,187$13,654$13,144$12,444
5 years$12,139$11,560$11,009$10,487$9,992$9,318
6 years$10,015$9,439$8,897$8,387$7,906$7,259
7 years$8,498$7,927$7,394$6,895$6,430$5,810
8 years$7,360$6,795$6,270$5,784$5,334$4,741
9 years$6,476$5,916$5,401$4,927$4,492$3,926
10 years$5,769$5,215$4,708$4,247$3,828$3,288
11 years$5,191$4,642$4,145$3,696$3,292$2,778
12 years$4,710$4,167$3,679$3,242$2,853$2,364
13 years$4,303$3,766$3,287$2,862$2,488$2,023
14 years$3,955$3,423$2,953$2,541$2,181$1,741
15 years$3,653$3,127$2,666$2,266$1,920$1,503
16 years$3,389$2,869$2,417$2,029$1,697$1,303
17 years$3,157$2,642$2,200$1,823$1,505$1,132
18 years$2,950$2,441$2,008$1,643$1,338$986
19 years$2,766$2,263$1,838$1,484$1,192$861
20 years$2,600$2,103$1,687$1,344$1,065$753
21 years$2,450$1,958$1,552$1,220$953$660
22 years$2,314$1,828$1,430$1,109$854$579
23 years$2,190$1,710$1,321$1,010$767$508
24 years$2,077$1,602$1,221$922$689$447
25 years$1,972$1,503$1,131$842$620$393
26 years$1,876$1,413$1,049$770$559$346
27 years$1,787$1,330$974$704$504$305
28 years$1,705$1,253$906$645$455$269
29 years$1,628$1,182$843$592$410$237
30 years$1,557$1,116$785$543$371$210
31 years$1,491$1,055$732$499$335$185
32 years$1,428$999$683$458$303$163
33 years$1,370$946$638$422$274$144
34 years$1,315$896$596$388$249$128
35 years$1,264$850$557$357$225$113
36 years$1,215$807$521$329$204$100
37 years$1,169$766$488$303$185$88
38 years$1,126$728$457$279$168$78
39 years$1,085$693$428$257$152$69
40 years$1,046$659$401$237$138$61
41 years$1,009$627$376$219$125$54
42 years$974$597$353$202$113$48
43 years$941$569$331$187$103$42
44 years$909$542$311$172$93$38
45 years$879$517$292$159$85$33
46 years$850$493$274$147$77$29
47 years$822$471$257$136$70$26
48 years$796$450$242$126$64$23
49 years$771$429$227$116$58$20
50 years$747$410$214$107$52$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $765,000, adding $3,000 every year, while hoping to spend $35,434 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: 51/40/9 Blend
60$765,000$765,000$765,000$765,000
61$846,125$805,580$793,722$887,157
62$894,728$807,351$782,610$917,228
63$947,101$808,023$769,939$945,854
64$1,003,591$807,502$755,617$976,144
65$1,064,580$805,691$739,553$1,008,261
66$1,130,486$802,489$721,647$1,042,389
67$1,201,770$797,786$701,796$1,078,733
68$1,278,938$791,465$679,894$1,117,517
69$1,362,547$783,404$655,828$1,158,993
70$1,453,208$773,472$629,480$1,203,438
71$1,551,595$761,532$600,727$1,251,162
72$1,658,447$747,436$569,441$1,302,508
73$1,774,579$731,031$535,487$1,357,856
74$1,900,885$712,151$498,726$1,417,626
75$2,038,352$690,623$459,010$1,482,286
76$2,188,064$666,263$416,186$1,552,355
77$2,351,212$638,876$370,094$1,628,406
78$2,529,111$608,256$320,567$1,711,074
79$2,723,204$574,185$267,431$1,801,066
80$2,935,084$536,432$210,502$1,899,160
81$3,166,499$494,754$149,590$2,006,221
82$3,419,378$448,893$84,497$2,123,206
83$3,695,842$398,576$15,016$2,251,173
84$3,998,227$343,516$0$2,391,296
85$4,329,107$283,409$0$2,550,549
86$4,691,312$217,932$0$2,726,597
87$5,087,963$146,748$0$2,919,608
88$5,522,493$69,496$0$3,131,360
89$5,998,685$0$0$3,363,822
90$6,520,706$0$0$3,625,416
91$7,093,142$0$0$3,945,897
92$7,721,047$0$0$4,297,514
93$8,409,988$0$0$4,683,394
94$9,166,094$0$0$5,106,980
95$9,996,119$0$0$5,572,068
96$10,907,502$0$0$6,082,836
97$11,908,437$0$0$6,643,888
98$13,007,951$0$0$7,260,297
99$14,215,988$0$0$7,937,649
100$15,543,504$0$0$8,682,101