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%19.1%
1 years$63,751$63,183$62,629$62,088$61,560$59,305
2 years$31,560$30,972$30,403$29,850$29,314$27,068
3 years$20,831$20,241$19,672$19,125$18,598$16,430
4 years$15,468$14,879$14,316$13,779$13,264$11,192
5 years$12,250$11,665$11,110$10,583$10,083$8,112
6 years$10,106$9,526$8,979$8,464$7,979$6,109
7 years$8,575$8,000$7,461$6,958$6,489$4,721
8 years$7,428$6,857$6,328$5,837$5,383$3,716
9 years$6,535$5,970$5,450$4,972$4,533$2,964
10 years$5,822$5,263$4,752$4,286$3,863$2,388
11 years$5,239$4,685$4,183$3,730$3,322$1,940
12 years$4,753$4,205$3,712$3,272$2,879$1,585
13 years$4,343$3,800$3,317$2,888$2,510$1,302
14 years$3,991$3,454$2,980$2,564$2,201$1,073
15 years$3,686$3,155$2,691$2,287$1,938$888
16 years$3,420$2,895$2,440$2,047$1,712$736
17 years$3,186$2,666$2,220$1,840$1,518$612
18 years$2,977$2,464$2,026$1,658$1,350$509
19 years$2,791$2,283$1,855$1,498$1,203$424
20 years$2,624$2,122$1,703$1,357$1,075$354
21 years$2,473$1,976$1,566$1,231$962$296
22 years$2,335$1,845$1,443$1,120$862$247
23 years$2,210$1,725$1,333$1,020$774$207
24 years$2,096$1,617$1,232$930$696$173
25 years$1,990$1,517$1,142$849$626$145
26 years$1,893$1,426$1,059$777$564$122
27 years$1,804$1,342$983$711$508$102
28 years$1,721$1,264$914$651$459$85
29 years$1,643$1,193$850$597$414$72
30 years$1,571$1,127$792$548$374$60
31 years$1,504$1,065$739$503$338$50
32 years$1,441$1,008$689$463$306$42
33 years$1,383$954$643$425$277$36
34 years$1,327$904$601$391$251$30
35 years$1,275$858$562$360$227$25
36 years$1,226$814$526$332$206$21
37 years$1,180$773$492$306$187$18
38 years$1,136$735$461$282$169$15
39 years$1,095$699$432$260$153$12
40 years$1,055$665$405$240$139$10
41 years$1,018$633$379$221$126$9
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$4
47 years$830$475$260$137$71$3
48 years$803$454$244$127$64$3
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 $2,359 every year, while hoping to spend $40,729 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: 31/47/22 Blend
60$772,000$772,000$772,000$772,000
61$853,177$812,261$800,295$873,744
62$896,866$808,727$783,770$886,007
63$943,646$803,654$765,326$895,378
64$993,789$796,925$744,856$904,624
65$1,047,595$788,413$722,247$913,758
66$1,105,391$777,986$697,384$922,801
67$1,167,536$765,503$670,142$931,778
68$1,234,426$750,814$640,393$940,722
69$1,306,495$733,761$608,003$949,672
70$1,384,219$714,177$572,833$958,677
71$1,468,121$691,884$534,734$967,794
72$1,558,777$666,693$493,555$977,094
73$1,656,818$638,407$449,135$986,656
74$1,762,939$606,814$401,307$996,577
75$1,877,904$571,693$349,896$1,006,970
76$2,002,552$532,809$294,720$1,017,962
77$2,137,807$489,911$235,588$1,029,704
78$2,284,685$442,738$172,301$1,042,368
79$2,444,302$391,012$104,653$1,056,151
80$2,617,887$334,438$32,425$1,071,280
81$2,806,793$272,706$0$1,088,011
82$3,012,506$205,489$0$1,117,120
83$3,236,663$132,439$0$1,157,262
84$3,481,066$53,192$0$1,201,251
85$3,747,698$0$0$1,249,574
86$4,038,740$0$0$1,319,655
87$4,356,595$0$0$1,426,349
88$4,703,907$0$0$1,543,046
89$5,083,588$0$0$1,670,740
90$5,498,843$0$0$1,810,523
91$5,953,200$0$0$1,963,598
92$6,450,546$0$0$2,131,293
93$6,995,161$0$0$2,315,065
94$7,591,755$0$0$2,516,523
95$8,245,520$0$0$2,737,438
96$8,962,170$0$0$2,979,759
97$9,748,000$0$0$3,245,634
98$10,609,943$0$0$3,537,430
99$11,555,634$0$0$3,857,752
100$12,593,486$0$0$4,209,472