Can I retire at age 61 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$63,421$62,856$62,305$61,767$61,241$60,804
2 years$31,396$30,812$30,245$29,696$29,163$28,722
3 years$20,723$20,136$19,571$19,026$18,502$18,071
4 years$15,387$14,802$14,242$13,707$13,196$12,778
5 years$12,187$11,605$11,053$10,529$10,031$9,628
6 years$10,054$9,476$8,932$8,420$7,937$7,550
7 years$8,531$7,958$7,423$6,922$6,455$6,083
8 years$7,389$6,822$6,295$5,807$5,355$4,998
9 years$6,502$5,939$5,422$4,946$4,510$4,168
10 years$5,792$5,235$4,727$4,264$3,843$3,515
11 years$5,212$4,661$4,162$3,711$3,305$2,992
12 years$4,729$4,183$3,693$3,255$2,864$2,566
13 years$4,320$3,780$3,300$2,873$2,497$2,214
14 years$3,970$3,436$2,965$2,551$2,189$1,919
15 years$3,667$3,139$2,677$2,275$1,927$1,671
16 years$3,403$2,880$2,427$2,037$1,704$1,460
17 years$3,169$2,652$2,208$1,830$1,510$1,280
18 years$2,962$2,451$2,016$1,649$1,343$1,124
19 years$2,777$2,272$1,846$1,490$1,197$990
20 years$2,610$2,111$1,694$1,350$1,069$874
21 years$2,460$1,966$1,558$1,225$957$772
22 years$2,323$1,835$1,436$1,114$858$684
23 years$2,199$1,717$1,326$1,014$770$606
24 years$2,085$1,608$1,226$925$692$538
25 years$1,980$1,509$1,136$845$623$478
26 years$1,884$1,418$1,053$773$561$425
27 years$1,794$1,335$978$707$506$378
28 years$1,712$1,258$909$648$456$336
29 years$1,635$1,187$846$594$412$300
30 years$1,563$1,121$788$545$372$267
31 years$1,496$1,059$735$501$337$238
32 years$1,434$1,002$685$460$304$212
33 years$1,375$949$640$423$276$190
34 years$1,320$900$598$389$249$169
35 years$1,269$853$559$358$226$151
36 years$1,220$810$523$330$205$135
37 years$1,174$769$490$304$186$121
38 years$1,130$731$458$280$168$108
39 years$1,089$695$430$259$153$96
40 years$1,050$661$403$238$138$86
41 years$1,013$630$377$220$126$77
42 years$978$600$354$203$114$69
43 years$944$571$332$187$103$62
44 years$912$545$312$173$94$55
45 years$882$519$293$160$85$49
46 years$853$495$275$148$77$44
47 years$826$473$258$136$70$39
48 years$799$451$243$126$64$35
49 years$774$431$228$116$58$32
50 years$750$412$215$108$53$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $768,000, adding $2,384 every year, while hoping to spend $59,439 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: 75/8/17 Blend
60$768,000$768,000$768,000$768,000
61$848,795$808,091$796,187$909,018
62$872,130$784,445$759,617$925,553
63$895,852$757,648$719,829$936,092
64$919,939$727,483$676,654$946,059
65$944,364$693,720$629,912$955,383
66$969,093$656,117$579,419$963,983
67$994,090$614,416$524,978$971,773
68$1,019,310$568,345$466,388$978,657
69$1,044,702$517,617$403,435$984,533
70$1,070,210$461,928$335,898$989,289
71$1,095,766$400,957$263,545$992,802
72$1,121,296$334,366$186,135$994,940
73$1,146,713$261,794$103,416$995,558
74$1,171,920$182,865$15,123$994,497
75$1,196,808$97,178$0$991,584
76$1,221,253$4,310$0$1,000,982
77$1,245,117$0$0$1,011,996
78$1,268,242$0$0$1,030,180
79$1,290,454$0$0$1,047,970
80$1,311,557$0$0$1,064,826
81$1,331,330$0$0$1,080,564
82$1,349,529$0$0$1,094,983
83$1,365,880$0$0$1,107,854
84$1,380,078$0$0$1,118,926
85$1,391,783$0$0$1,127,916
86$1,400,616$0$0$1,134,511
87$1,406,157$0$0$1,138,363
88$1,407,937$0$0$1,139,084
89$1,405,437$0$0$1,136,243
90$1,398,079$0$0$1,129,364
91$1,385,223$0$0$1,117,915
92$1,366,160$0$0$1,101,309
93$1,340,100$0$0$1,078,894
94$1,306,172$0$0$1,049,949
95$1,263,409$0$0$1,013,673
96$1,210,740$0$0$969,180
97$1,146,981$0$0$915,491
98$1,070,819$0$0$851,520
99$980,805$0$0$776,068
100$875,334$0$0$687,807