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%12.4%
1 years$63,751$63,183$62,629$62,088$61,560$60,943
2 years$31,560$30,972$30,403$29,850$29,314$28,692
3 years$20,831$20,241$19,672$19,125$18,598$17,991
4 years$15,468$14,879$14,316$13,779$13,264$12,677
5 years$12,250$11,665$11,110$10,583$10,083$9,517
6 years$10,106$9,526$8,979$8,464$7,979$7,434
7 years$8,575$8,000$7,461$6,958$6,489$5,967
8 years$7,428$6,857$6,328$5,837$5,383$4,883
9 years$6,535$5,970$5,450$4,972$4,533$4,055
10 years$5,822$5,263$4,752$4,286$3,863$3,406
11 years$5,239$4,685$4,183$3,730$3,322$2,887
12 years$4,753$4,205$3,712$3,272$2,879$2,465
13 years$4,343$3,800$3,317$2,888$2,510$2,116
14 years$3,991$3,454$2,980$2,564$2,201$1,827
15 years$3,686$3,155$2,691$2,287$1,938$1,583
16 years$3,420$2,895$2,440$2,047$1,712$1,376
17 years$3,186$2,666$2,220$1,840$1,518$1,200
18 years$2,977$2,464$2,026$1,658$1,350$1,050
19 years$2,791$2,283$1,855$1,498$1,203$920
20 years$2,624$2,122$1,703$1,357$1,075$807
21 years$2,473$1,976$1,566$1,231$962$710
22 years$2,335$1,845$1,443$1,120$862$625
23 years$2,210$1,725$1,333$1,020$774$551
24 years$2,096$1,617$1,232$930$696$486
25 years$1,990$1,517$1,142$849$626$430
26 years$1,893$1,426$1,059$777$564$380
27 years$1,804$1,342$983$711$508$336
28 years$1,721$1,264$914$651$459$298
29 years$1,643$1,193$850$597$414$264
30 years$1,571$1,127$792$548$374$234
31 years$1,504$1,065$739$503$338$207
32 years$1,441$1,008$689$463$306$184
33 years$1,383$954$643$425$277$163
34 years$1,327$904$601$391$251$145
35 years$1,275$858$562$360$227$128
36 years$1,226$814$526$332$206$114
37 years$1,180$773$492$306$187$101
38 years$1,136$735$461$282$169$90
39 years$1,095$699$432$260$153$80
40 years$1,055$665$405$240$139$71
41 years$1,018$633$379$221$126$63
42 years$983$603$356$204$115$56
43 years$949$574$334$188$104$50
44 years$917$547$314$174$94$44
45 years$887$522$294$161$86$39
46 years$858$498$276$148$78$35
47 years$830$475$260$137$71$31
48 years$803$454$244$127$64$28
49 years$778$433$229$117$58$25
50 years$754$414$216$108$53$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $772,000, adding $6,837 every year, while hoping to spend $28,396 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: 37/36/27 Blend
60$772,000$772,000$772,000$772,000
61$857,796$816,880$804,914$882,398
62$915,078$826,694$801,666$910,954
63$977,252$836,038$797,357$938,692
64$1,044,785$844,857$791,922$968,105
65$1,118,194$853,096$785,292$999,363
66$1,198,046$860,694$777,396$1,032,656
67$1,284,965$867,587$768,157$1,068,191
68$1,379,639$873,706$757,498$1,106,201
69$1,482,824$878,979$745,336$1,146,945
70$1,595,351$883,327$731,583$1,190,707
71$1,718,135$886,670$716,150$1,237,806
72$1,852,186$888,917$698,942$1,288,592
73$1,998,612$889,977$679,860$1,343,454
74$2,158,635$889,751$658,799$1,402,826
75$2,333,599$888,132$635,653$1,467,185
76$2,524,986$885,010$610,306$1,537,061
77$2,734,425$880,265$582,642$1,613,041
78$2,963,711$873,773$552,535$1,695,774
79$3,214,821$865,400$519,856$1,785,982
80$3,489,931$855,003$484,471$1,884,459
81$3,791,440$842,434$446,236$1,992,087
82$4,121,987$827,534$405,005$2,109,843
83$4,484,480$810,133$360,624$2,238,804
84$4,882,123$790,055$312,930$2,380,165
85$5,318,441$767,110$261,755$2,535,246
86$5,797,322$741,098$206,924$2,705,507
87$6,323,046$711,809$148,252$2,892,562
88$6,900,326$679,017$85,549$3,098,195
89$7,534,358$642,488$18,613$3,324,379
90$8,230,863$601,969$0$3,573,295
91$8,996,142$557,197$0$3,862,568
92$9,837,141$507,892$0$4,186,355
93$10,761,508$453,758$0$4,542,295
94$11,777,672$394,482$0$4,933,707
95$12,894,917$329,734$0$5,364,250
96$14,123,473$259,165$0$5,837,963
97$15,474,609$182,406$0$6,359,302
98$16,960,743$99,069$0$6,933,182
99$18,595,557$8,740$0$7,565,025
100$20,394,123$0$0$8,260,813