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%16.9%
1 years$63,668$63,101$62,548$62,008$61,481$59,752
2 years$31,519$30,932$30,363$29,812$29,276$27,548
3 years$20,804$20,214$19,647$19,101$18,574$16,900
4 years$15,447$14,860$14,298$13,761$13,247$11,641
5 years$12,234$11,650$11,096$10,570$10,070$8,535
6 years$10,093$9,513$8,967$8,453$7,968$6,506
7 years$8,564$7,989$7,452$6,949$6,480$5,091
8 years$7,418$6,848$6,320$5,830$5,376$4,060
9 years$6,527$5,963$5,443$4,966$4,527$3,282
10 years$5,815$5,256$4,745$4,280$3,858$2,681
11 years$5,232$4,679$4,178$3,725$3,318$2,209
12 years$4,747$4,200$3,708$3,268$2,875$1,832
13 years$4,337$3,795$3,313$2,885$2,507$1,527
14 years$3,986$3,450$2,976$2,561$2,198$1,278
15 years$3,682$3,151$2,687$2,284$1,935$1,074
16 years$3,416$2,891$2,436$2,045$1,710$905
17 years$3,182$2,663$2,217$1,837$1,516$764
18 years$2,973$2,461$2,024$1,656$1,348$646
19 years$2,788$2,280$1,853$1,496$1,202$548
20 years$2,620$2,119$1,700$1,355$1,073$465
21 years$2,469$1,974$1,564$1,230$961$395
22 years$2,332$1,842$1,441$1,118$861$336
23 years$2,207$1,723$1,331$1,018$773$286
24 years$2,093$1,615$1,231$929$695$244
25 years$1,988$1,515$1,140$848$625$208
26 years$1,891$1,424$1,057$776$563$177
27 years$1,801$1,340$982$710$508$151
28 years$1,718$1,263$913$650$458$129
29 years$1,641$1,191$849$596$414$110
30 years$1,569$1,125$791$547$374$94
31 years$1,502$1,064$738$503$338$80
32 years$1,440$1,006$688$462$306$69
33 years$1,381$953$643$425$277$59
34 years$1,325$903$600$391$250$50
35 years$1,274$857$561$360$227$43
36 years$1,225$813$525$331$206$37
37 years$1,178$772$491$305$186$31
38 years$1,135$734$460$281$169$27
39 years$1,093$698$431$260$153$23
40 years$1,054$664$404$239$139$20
41 years$1,017$632$379$221$126$17
42 years$982$602$355$204$114$14
43 years$948$574$334$188$104$12
44 years$916$547$313$174$94$10
45 years$886$521$294$160$86$9
46 years$857$497$276$148$78$8
47 years$829$475$259$137$71$7
48 years$802$453$244$127$64$6
49 years$777$433$229$117$58$5
50 years$753$413$215$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $771,000, adding $3,228 every year, while hoping to spend $21,776 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: 55/33/12 Blend
60$771,000$771,000$771,000$771,000
61$852,972$812,109$800,158$897,095
62$916,805$828,733$803,794$944,012
63$986,420$845,441$806,822$992,421
64$1,062,383$862,216$809,198$1,044,621
65$1,145,317$879,035$810,878$1,100,977
66$1,235,910$895,878$811,812$1,161,893
67$1,334,917$912,720$811,952$1,227,812
68$1,443,170$929,536$811,244$1,299,222
69$1,561,586$946,296$809,634$1,376,663
70$1,691,174$962,970$807,062$1,460,729
71$1,833,044$979,526$803,469$1,552,073
72$1,988,420$995,928$798,791$1,651,418
73$2,158,649$1,012,139$792,961$1,759,559
74$2,345,215$1,028,118$785,909$1,877,372
75$2,549,752$1,043,821$777,562$2,005,823
76$2,774,060$1,059,201$767,843$2,145,978
77$3,020,120$1,074,208$756,672$2,299,010
78$3,290,116$1,088,788$743,964$2,466,215
79$3,586,453$1,102,883$729,632$2,649,018
80$3,911,780$1,116,433$713,584$2,848,993
81$4,269,015$1,129,372$695,722$3,067,874
82$4,661,371$1,141,628$675,946$3,307,572
83$5,092,392$1,153,129$654,151$3,570,195
84$5,565,976$1,163,792$630,225$3,858,066
85$6,086,422$1,173,535$604,054$4,173,745
86$6,658,465$1,182,265$575,517$4,520,057
87$7,287,319$1,189,887$544,488$4,900,113
88$7,978,731$1,196,297$510,834$5,317,344
89$8,739,033$1,201,387$474,419$5,775,533
90$9,575,200$1,205,041$435,097$6,278,851
91$10,494,916$1,207,134$392,719$6,831,892
92$11,506,650$1,207,535$347,127$7,439,725
93$12,619,729$1,206,106$298,157$8,107,936
94$13,844,434$1,202,697$245,638$8,842,682
95$15,192,090$1,197,153$189,390$9,650,751
96$16,675,176$1,189,306$129,227$10,539,627
97$18,307,441$1,178,980$64,954$11,517,557
98$20,104,037$1,165,986$0$12,593,634
99$22,081,656$1,150,127$0$13,778,347
100$24,258,693$1,131,192$0$15,091,185