Can I retire at age 61 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$63,751$63,183$62,629$62,088$61,560$59,235
2 years$31,560$30,972$30,403$29,850$29,314$26,999
3 years$20,831$20,241$19,672$19,125$18,598$16,365
4 years$15,468$14,879$14,316$13,779$13,264$11,131
5 years$12,250$11,665$11,110$10,583$10,083$8,054
6 years$10,106$9,526$8,979$8,464$7,979$6,056
7 years$8,575$8,000$7,461$6,958$6,489$4,672
8 years$7,428$6,857$6,328$5,837$5,383$3,670
9 years$6,535$5,970$5,450$4,972$4,533$2,922
10 years$5,822$5,263$4,752$4,286$3,863$2,350
11 years$5,239$4,685$4,183$3,730$3,322$1,905
12 years$4,753$4,205$3,712$3,272$2,879$1,554
13 years$4,343$3,800$3,317$2,888$2,510$1,273
14 years$3,991$3,454$2,980$2,564$2,201$1,048
15 years$3,686$3,155$2,691$2,287$1,938$865
16 years$3,420$2,895$2,440$2,047$1,712$715
17 years$3,186$2,666$2,220$1,840$1,518$593
18 years$2,977$2,464$2,026$1,658$1,350$493
19 years$2,791$2,283$1,855$1,498$1,203$410
20 years$2,624$2,122$1,703$1,357$1,075$341
21 years$2,473$1,976$1,566$1,231$962$284
22 years$2,335$1,845$1,443$1,120$862$237
23 years$2,210$1,725$1,333$1,020$774$198
24 years$2,096$1,617$1,232$930$696$165
25 years$1,990$1,517$1,142$849$626$138
26 years$1,893$1,426$1,059$777$564$116
27 years$1,804$1,342$983$711$508$97
28 years$1,721$1,264$914$651$459$81
29 years$1,643$1,193$850$597$414$68
30 years$1,571$1,127$792$548$374$57
31 years$1,504$1,065$739$503$338$47
32 years$1,441$1,008$689$463$306$40
33 years$1,383$954$643$425$277$33
34 years$1,327$904$601$391$251$28
35 years$1,275$858$562$360$227$23
36 years$1,226$814$526$332$206$19
37 years$1,180$773$492$306$187$16
38 years$1,136$735$461$282$169$14
39 years$1,095$699$432$260$153$11
40 years$1,055$665$405$240$139$10
41 years$1,018$633$379$221$126$8
42 years$983$603$356$204$115$7
43 years$949$574$334$188$104$6
44 years$917$547$314$174$94$5
45 years$887$522$294$161$86$4
46 years$858$498$276$148$78$3
47 years$830$475$260$137$71$3
48 years$803$454$244$127$64$2
49 years$778$433$229$117$58$2
50 years$754$414$216$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $772,000, adding $2,016 every year, while hoping to spend $35,341 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: 36/49/15 Blend
60$772,000$772,000$772,000$772,000
61$852,824$811,908$799,942$879,535
62$902,209$814,088$789,137$901,182
63$955,447$815,192$776,786$921,033
64$1,012,894$815,127$762,800$941,703
65$1,074,940$813,799$747,084$963,282
66$1,142,015$811,107$729,542$985,873
67$1,214,590$806,941$710,072$1,009,594
68$1,293,186$801,188$688,566$1,034,574
69$1,378,371$793,726$664,913$1,060,961
70$1,470,773$784,427$638,997$1,088,918
71$1,571,082$773,154$610,693$1,118,630
72$1,680,057$759,763$579,876$1,150,305
73$1,798,532$744,101$546,411$1,184,174
74$1,927,426$726,005$510,159$1,220,497
75$2,067,748$705,304$470,974$1,259,564
76$2,220,610$681,816$428,704$1,301,698
77$2,387,236$655,349$383,189$1,347,261
78$2,568,971$625,699$334,264$1,396,658
79$2,767,299$592,650$281,753$1,450,339
80$2,983,848$555,975$225,477$1,508,805
81$3,220,416$515,433$165,246$1,572,615
82$3,478,978$470,769$100,862$1,642,394
83$3,761,711$421,714$32,118$1,718,833
84$4,071,011$367,983$0$1,802,704
85$4,409,517$309,277$0$1,901,464
86$4,780,132$245,276$0$2,015,382
87$5,186,057$175,646$0$2,140,408
88$5,630,815$100,033$0$2,277,756
89$6,118,285$18,061$0$2,428,774
90$6,652,740$0$0$2,594,953
91$7,238,887$0$0$2,816,048
92$7,881,909$0$0$3,069,392
93$8,587,516$0$0$3,347,508
94$9,361,997$0$0$3,652,891
95$10,212,280$0$0$3,988,288
96$11,145,995$0$0$4,356,723
97$12,171,549$0$0$4,761,530
98$13,298,203$0$0$5,206,380
99$14,536,158$0$0$5,695,319
100$15,896,653$0$0$6,232,803