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%11.8%
1 years$63,668$63,101$62,548$62,008$61,481$61,016
2 years$31,519$30,932$30,363$29,812$29,276$28,809
3 years$20,804$20,214$19,647$19,101$18,574$18,117
4 years$15,447$14,860$14,298$13,761$13,247$12,804
5 years$12,234$11,650$11,096$10,570$10,070$9,643
6 years$10,093$9,513$8,967$8,453$7,968$7,557
7 years$8,564$7,989$7,452$6,949$6,480$6,085
8 years$7,418$6,848$6,320$5,830$5,376$4,997
9 years$6,527$5,963$5,443$4,966$4,527$4,165
10 years$5,815$5,256$4,745$4,280$3,858$3,511
11 years$5,232$4,679$4,178$3,725$3,318$2,987
12 years$4,747$4,200$3,708$3,268$2,875$2,559
13 years$4,337$3,795$3,313$2,885$2,507$2,206
14 years$3,986$3,450$2,976$2,561$2,198$1,912
15 years$3,682$3,151$2,687$2,284$1,935$1,663
16 years$3,416$2,891$2,436$2,045$1,710$1,452
17 years$3,182$2,663$2,217$1,837$1,516$1,272
18 years$2,973$2,461$2,024$1,656$1,348$1,117
19 years$2,788$2,280$1,853$1,496$1,202$983
20 years$2,620$2,119$1,700$1,355$1,073$867
21 years$2,469$1,974$1,564$1,230$961$765
22 years$2,332$1,842$1,441$1,118$861$677
23 years$2,207$1,723$1,331$1,018$773$600
24 years$2,093$1,615$1,231$929$695$532
25 years$1,988$1,515$1,140$848$625$472
26 years$1,891$1,424$1,057$776$563$419
27 years$1,801$1,340$982$710$508$373
28 years$1,718$1,263$913$650$458$332
29 years$1,641$1,191$849$596$414$295
30 years$1,569$1,125$791$547$374$263
31 years$1,502$1,064$738$503$338$234
32 years$1,440$1,006$688$462$306$209
33 years$1,381$953$643$425$277$186
34 years$1,325$903$600$391$250$166
35 years$1,274$857$561$360$227$148
36 years$1,225$813$525$331$206$132
37 years$1,178$772$491$305$186$118
38 years$1,135$734$460$281$169$105
39 years$1,093$698$431$260$153$94
40 years$1,054$664$404$239$139$84
41 years$1,017$632$379$221$126$75
42 years$982$602$355$204$114$67
43 years$948$574$334$188$104$60
44 years$916$547$313$174$94$54
45 years$886$521$294$160$86$48
46 years$857$497$276$148$78$43
47 years$829$475$259$137$71$38
48 years$802$453$244$127$64$34
49 years$777$433$229$117$58$31
50 years$753$413$215$108$53$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $771,000, adding $6,421 every year, while hoping to spend $35,262 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: 41/29/30 Blend
60$771,000$771,000$771,000$771,000
61$856,265$815,402$803,452$883,604
62$906,086$817,838$792,849$906,484
63$959,806$819,212$780,709$927,488
64$1,017,787$819,434$766,943$949,565
65$1,080,425$818,410$751,459$972,837
66$1,148,154$816,038$734,159$997,438
67$1,221,454$812,212$714,942$1,023,523
68$1,300,850$806,818$693,700$1,051,260
69$1,386,921$799,737$670,324$1,080,841
70$1,480,304$790,840$644,696$1,112,478
71$1,581,696$779,993$616,694$1,146,407
72$1,691,868$767,052$586,193$1,182,894
73$1,811,666$751,865$553,058$1,222,235
74$1,942,021$734,271$517,151$1,264,756
75$2,083,958$714,101$478,326$1,310,826
76$2,238,604$691,174$436,432$1,360,851
77$2,407,199$665,299$391,309$1,415,284
78$2,591,109$636,274$342,794$1,474,631
79$2,791,836$603,886$290,712$1,539,451
80$3,011,035$567,909$234,883$1,610,368
81$3,250,528$528,103$175,118$1,688,072
82$3,512,318$484,216$111,221$1,773,333
83$3,798,613$435,981$42,985$1,867,002
84$4,111,843$383,116$0$1,970,025
85$4,454,685$325,322$0$2,093,002
86$4,830,085$262,285$0$2,242,850
87$5,241,287$193,671$0$2,407,160
88$5,691,866$119,129$0$2,587,438
89$6,185,758$38,287$0$2,785,349
90$6,727,295$0$0$3,002,732
91$7,321,254$0$0$3,257,332
92$7,972,890$0$0$3,550,162
93$8,687,997$0$0$3,871,619
94$9,472,954$0$0$4,224,584
95$10,334,789$0$0$4,612,230
96$11,281,241$0$0$5,038,054
97$12,320,839$0$0$5,505,905
98$13,462,977$0$0$6,020,028
99$14,718,004$0$0$6,585,095
100$16,097,320$0$0$7,206,257