Can I retire at age 61 with 772,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$63,751$63,183$62,629$62,088$61,560$59,590
2 years$31,560$30,972$30,403$29,850$29,314$27,347
3 years$20,831$20,241$19,672$19,125$18,598$16,696
4 years$15,468$14,879$14,316$13,779$13,264$11,442
5 years$12,250$11,665$11,110$10,583$10,083$8,346
6 years$10,106$9,526$8,979$8,464$7,979$6,327
7 years$8,575$8,000$7,461$6,958$6,489$4,923
8 years$7,428$6,857$6,328$5,837$5,383$3,902
9 years$6,535$5,970$5,450$4,972$4,533$3,136
10 years$5,822$5,263$4,752$4,286$3,863$2,546
11 years$5,239$4,685$4,183$3,730$3,322$2,084
12 years$4,753$4,205$3,712$3,272$2,879$1,717
13 years$4,343$3,800$3,317$2,888$2,510$1,421
14 years$3,991$3,454$2,980$2,564$2,201$1,182
15 years$3,686$3,155$2,691$2,287$1,938$986
16 years$3,420$2,895$2,440$2,047$1,712$824
17 years$3,186$2,666$2,220$1,840$1,518$691
18 years$2,977$2,464$2,026$1,658$1,350$580
19 years$2,791$2,283$1,855$1,498$1,203$488
20 years$2,624$2,122$1,703$1,357$1,075$411
21 years$2,473$1,976$1,566$1,231$962$347
22 years$2,335$1,845$1,443$1,120$862$293
23 years$2,210$1,725$1,333$1,020$774$247
24 years$2,096$1,617$1,232$930$696$209
25 years$1,990$1,517$1,142$849$626$177
26 years$1,893$1,426$1,059$777$564$150
27 years$1,804$1,342$983$711$508$127
28 years$1,721$1,264$914$651$459$107
29 years$1,643$1,193$850$597$414$91
30 years$1,571$1,127$792$548$374$77
31 years$1,504$1,065$739$503$338$65
32 years$1,441$1,008$689$463$306$55
33 years$1,383$954$643$425$277$47
34 years$1,327$904$601$391$251$40
35 years$1,275$858$562$360$227$34
36 years$1,226$814$526$332$206$28
37 years$1,180$773$492$306$187$24
38 years$1,136$735$461$282$169$20
39 years$1,095$699$432$260$153$17
40 years$1,055$665$405$240$139$15
41 years$1,018$633$379$221$126$12
42 years$983$603$356$204$115$11
43 years$949$574$334$188$104$9
44 years$917$547$314$174$94$8
45 years$887$522$294$161$86$6
46 years$858$498$276$148$78$5
47 years$830$475$260$137$71$5
48 years$803$454$244$127$64$4
49 years$778$433$229$117$58$3
50 years$754$414$216$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $772,000, adding $4,534 every year, while hoping to spend $27,224 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: 50/43/7 Blend
60$772,000$772,000$772,000$772,000
61$855,421$814,505$802,539$896,447
62$913,708$825,449$800,458$935,853
63$977,027$836,018$797,395$975,356
64$1,045,864$846,163$793,288$1,017,634
65$1,120,752$855,834$788,072$1,062,954
66$1,202,277$864,978$781,681$1,111,611
67$1,291,084$873,537$774,042$1,163,929
68$1,387,884$881,450$765,082$1,220,266
69$1,493,459$888,652$754,723$1,281,019
70$1,608,669$895,073$742,883$1,346,623
71$1,734,460$900,639$729,477$1,417,562
72$1,871,877$905,272$714,416$1,494,369
73$2,022,065$908,887$697,606$1,577,630
74$2,186,289$911,396$678,949$1,667,995
75$2,365,941$912,704$658,344$1,766,181
76$2,562,551$912,711$635,683$1,872,978
77$2,777,807$911,310$610,854$1,989,261
78$3,013,566$908,387$583,740$2,115,992
79$3,271,874$903,822$554,220$2,254,237
80$3,554,984$897,488$522,165$2,405,169
81$3,865,376$889,248$487,441$2,570,085
82$4,205,783$878,961$449,909$2,750,416
83$4,579,215$866,472$409,423$2,947,741
84$4,988,987$851,621$365,831$3,163,803
85$5,438,751$834,238$318,974$3,400,526
86$5,932,529$814,140$268,684$3,660,033
87$6,474,751$791,137$214,789$3,944,665
88$7,070,298$765,026$157,108$4,257,009
89$7,724,548$735,592$95,450$4,599,915
90$8,443,424$702,607$29,619$4,976,531
91$9,233,450$665,832$0$5,390,330
92$10,101,816$625,012$0$5,848,177
93$11,056,442$579,878$0$6,353,822
94$12,106,053$530,146$0$6,909,730
95$13,260,263$475,516$0$7,521,063
96$14,529,663$415,670$0$8,193,513
97$15,925,923$350,272$0$8,933,358
98$17,461,900$278,968$0$9,747,524
99$19,151,760$201,384$0$10,643,647
100$21,011,111$117,123$0$11,630,148