Can I retire at age 61 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$63,503$62,938$62,386$61,847$61,321$60,706
2 years$31,437$30,852$30,284$29,734$29,201$28,581
3 years$20,750$20,162$19,596$19,051$18,526$17,921
4 years$15,407$14,821$14,261$13,725$13,213$12,628
5 years$12,203$11,620$11,067$10,542$10,044$9,480
6 years$10,067$9,489$8,944$8,431$7,948$7,405
7 years$8,542$7,969$7,432$6,931$6,464$5,943
8 years$7,399$6,830$6,303$5,815$5,362$4,864
9 years$6,510$5,947$5,429$4,953$4,516$4,039
10 years$5,800$5,242$4,733$4,269$3,848$3,393
11 years$5,219$4,667$4,167$3,716$3,309$2,876
12 years$4,735$4,189$3,698$3,259$2,868$2,455
13 years$4,326$3,785$3,304$2,877$2,501$2,108
14 years$3,975$3,441$2,969$2,554$2,192$1,819
15 years$3,672$3,143$2,680$2,278$1,930$1,577
16 years$3,407$2,884$2,430$2,040$1,706$1,371
17 years$3,173$2,656$2,211$1,832$1,512$1,196
18 years$2,966$2,454$2,019$1,651$1,345$1,046
19 years$2,780$2,274$1,848$1,492$1,199$916
20 years$2,614$2,114$1,696$1,351$1,071$804
21 years$2,463$1,969$1,560$1,227$958$707
22 years$2,326$1,838$1,438$1,115$859$623
23 years$2,202$1,719$1,327$1,016$771$549
24 years$2,087$1,610$1,228$926$693$485
25 years$1,983$1,511$1,137$846$624$428
26 years$1,886$1,420$1,055$774$562$378
27 years$1,797$1,337$979$708$506$335
28 years$1,714$1,260$910$649$457$296
29 years$1,637$1,188$847$595$413$263
30 years$1,565$1,122$789$546$373$233
31 years$1,498$1,061$736$501$337$206
32 years$1,436$1,004$686$461$305$183
33 years$1,377$951$641$424$276$162
34 years$1,322$901$599$390$250$144
35 years$1,270$855$560$359$226$128
36 years$1,221$811$524$331$205$114
37 years$1,175$770$490$305$186$101
38 years$1,132$732$459$281$168$90
39 years$1,090$696$430$259$153$80
40 years$1,051$662$403$239$139$71
41 years$1,014$630$378$220$126$63
42 years$979$600$355$203$114$56
43 years$946$572$333$188$104$50
44 years$914$545$312$173$94$44
45 years$883$520$293$160$85$39
46 years$854$496$275$148$77$35
47 years$827$473$259$137$70$31
48 years$800$452$243$126$64$28
49 years$775$432$229$117$58$25
50 years$751$412$215$108$53$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $769,000, adding $3,308 every year, while hoping to spend $46,989 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: 44/46/10 Blend
60$769,000$769,000$769,000$769,000
61$850,850$810,093$798,174$885,712
62$887,641$799,792$774,917$899,957
63$926,610$787,411$749,305$910,342
64$967,928$772,799$721,212$920,537
65$1,011,786$755,795$690,502$930,543
66$1,058,389$736,229$657,034$940,362
67$1,107,962$713,922$620,662$950,002
68$1,160,753$688,683$581,233$959,476
69$1,217,032$660,311$538,586$968,800
70$1,277,094$628,591$492,554$977,998
71$1,341,264$593,298$442,961$987,100
72$1,409,898$554,195$389,625$996,145
73$1,483,385$511,027$332,355$1,005,181
74$1,562,152$463,530$270,951$1,014,264
75$1,646,669$411,420$205,205$1,023,466
76$1,737,449$354,400$134,899$1,032,870
77$1,835,058$292,154$59,807$1,042,574
78$1,940,115$224,351$0$1,052,694
79$2,053,301$150,639$0$1,065,534
80$2,175,364$70,646$0$1,086,034
81$2,307,126$0$0$1,108,013
82$2,449,488$0$0$1,139,819
83$2,603,442$0$0$1,212,960
84$2,770,079$0$0$1,292,203
85$2,950,597$0$0$1,378,128
86$3,146,314$0$0$1,471,372
87$3,358,680$0$0$1,572,636
88$3,589,286$0$0$1,682,691
89$3,839,888$0$0$1,802,385
90$4,112,412$0$0$1,932,653
91$4,408,981$0$0$2,074,520
92$4,731,928$0$0$2,229,116
93$5,083,823$0$0$2,397,686
94$5,467,492$0$0$2,581,598
95$5,886,047$0$0$2,782,358
96$6,342,912$0$0$3,001,625
97$6,841,856$0$0$3,241,224
98$7,387,029$0$0$3,503,166
99$7,983,001$0$0$3,789,663
100$8,634,800$0$0$4,103,152