Can I retire at age 61 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$63,668$63,101$62,548$62,008$61,481$60,965
2 years$31,519$30,932$30,363$29,812$29,276$28,757
3 years$20,804$20,214$19,647$19,101$18,574$18,067
4 years$15,447$14,860$14,298$13,761$13,247$12,756
5 years$12,234$11,650$11,096$10,570$10,070$9,597
6 years$10,093$9,513$8,967$8,453$7,968$7,513
7 years$8,564$7,989$7,452$6,949$6,480$6,043
8 years$7,418$6,848$6,320$5,830$5,376$4,957
9 years$6,527$5,963$5,443$4,966$4,527$4,126
10 years$5,815$5,256$4,745$4,280$3,858$3,474
11 years$5,232$4,679$4,178$3,725$3,318$2,952
12 years$4,747$4,200$3,708$3,268$2,875$2,526
13 years$4,337$3,795$3,313$2,885$2,507$2,175
14 years$3,986$3,450$2,976$2,561$2,198$1,882
15 years$3,682$3,151$2,687$2,284$1,935$1,635
16 years$3,416$2,891$2,436$2,045$1,710$1,426
17 years$3,182$2,663$2,217$1,837$1,516$1,247
18 years$2,973$2,461$2,024$1,656$1,348$1,094
19 years$2,788$2,280$1,853$1,496$1,202$961
20 years$2,620$2,119$1,700$1,355$1,073$846
21 years$2,469$1,974$1,564$1,230$961$746
22 years$2,332$1,842$1,441$1,118$861$659
23 years$2,207$1,723$1,331$1,018$773$583
24 years$2,093$1,615$1,231$929$695$516
25 years$1,988$1,515$1,140$848$625$457
26 years$1,891$1,424$1,057$776$563$406
27 years$1,801$1,340$982$710$508$360
28 years$1,718$1,263$913$650$458$320
29 years$1,641$1,191$849$596$414$284
30 years$1,569$1,125$791$547$374$253
31 years$1,502$1,064$738$503$338$225
32 years$1,440$1,006$688$462$306$200
33 years$1,381$953$643$425$277$178
34 years$1,325$903$600$391$250$159
35 years$1,274$857$561$360$227$141
36 years$1,225$813$525$331$206$126
37 years$1,178$772$491$305$186$112
38 years$1,135$734$460$281$169$100
39 years$1,093$698$431$260$153$89
40 years$1,054$664$404$239$139$79
41 years$1,017$632$379$221$126$71
42 years$982$602$355$204$114$63
43 years$948$574$334$188$104$56
44 years$916$547$313$174$94$50
45 years$886$521$294$160$86$45
46 years$857$497$276$148$78$40
47 years$829$475$259$137$71$36
48 years$802$453$244$127$64$32
49 years$777$433$229$117$58$28
50 years$753$413$215$108$53$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $771,000, adding $6,216 every year, while hoping to spend $50,229 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: 60/21/19 Blend
60$771,000$771,000$771,000$771,000
61$856,054$815,191$803,240$902,830
62$889,928$801,692$776,706$921,704
63$925,574$785,848$747,598$936,198
64$963,119$767,491$715,780$950,866
65$1,002,703$746,444$681,104$965,733
66$1,044,477$722,518$643,419$980,827
67$1,088,605$695,513$602,566$996,182
68$1,135,270$665,220$558,378$1,011,839
69$1,184,666$631,414$510,682$1,027,845
70$1,237,008$593,860$459,297$1,044,254
71$1,292,533$552,309$404,033$1,061,129
72$1,351,495$506,496$344,692$1,078,543
73$1,414,176$456,142$281,067$1,096,581
74$1,480,882$400,954$212,943$1,115,337
75$1,551,950$340,618$140,095$1,134,921
76$1,627,747$274,807$62,286$1,155,457
77$1,708,677$203,172$0$1,177,089
78$1,795,181$125,347$0$1,204,183
79$1,887,743$40,942$0$1,246,464
80$1,986,894$0$0$1,291,552
81$2,093,217$0$0$1,351,395
82$2,207,350$0$0$1,425,832
83$2,329,995$0$0$1,505,864
84$2,461,920$0$0$1,591,998
85$2,603,971$0$0$1,684,794
86$2,757,075$0$0$1,784,863
87$2,922,252$0$0$1,892,877
88$3,100,622$0$0$2,009,577
89$3,293,416$0$0$2,135,775
90$3,501,984$0$0$2,272,363
91$3,727,816$0$0$2,420,323
92$3,972,543$0$0$2,580,735
93$4,237,964$0$0$2,754,785
94$4,526,056$0$0$2,943,779
95$4,838,990$0$0$3,149,153
96$5,179,160$0$0$3,372,486
97$5,549,194$0$0$3,615,516
98$5,951,988$0$0$3,880,154
99$6,390,724$0$0$4,168,504
100$6,868,908$0$0$4,482,883