Can I retire at age 61 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$63,834$63,265$62,710$62,169$61,640$61,226
2 years$31,601$31,012$30,442$29,889$29,352$28,935
3 years$20,858$20,267$19,698$19,150$18,622$18,214
4 years$15,488$14,898$14,335$13,797$13,282$12,886
5 years$12,266$11,680$11,125$10,597$10,096$9,714
6 years$10,119$9,538$8,990$8,475$7,989$7,621
7 years$8,586$8,010$7,471$6,967$6,497$6,144
8 years$7,437$6,866$6,336$5,845$5,390$5,051
9 years$6,544$5,978$5,457$4,978$4,539$4,214
10 years$5,830$5,269$4,758$4,291$3,868$3,557
11 years$5,246$4,691$4,189$3,735$3,326$3,030
12 years$4,759$4,210$3,717$3,276$2,882$2,599
13 years$4,348$3,805$3,321$2,892$2,514$2,244
14 years$3,996$3,459$2,984$2,567$2,203$1,947
15 years$3,691$3,160$2,694$2,290$1,940$1,696
16 years$3,425$2,899$2,443$2,050$1,715$1,483
17 years$3,190$2,670$2,223$1,842$1,520$1,301
18 years$2,981$2,467$2,029$1,660$1,352$1,144
19 years$2,795$2,286$1,858$1,500$1,205$1,008
20 years$2,627$2,125$1,705$1,359$1,076$890
21 years$2,476$1,979$1,568$1,233$963$787
22 years$2,338$1,847$1,445$1,121$863$697
23 years$2,213$1,728$1,334$1,021$775$619
24 years$2,098$1,619$1,234$931$697$549
25 years$1,993$1,519$1,143$850$627$488
26 years$1,896$1,428$1,060$778$565$434
27 years$1,806$1,344$984$712$509$387
28 years$1,723$1,266$915$652$459$345
29 years$1,646$1,194$852$598$415$307
30 years$1,573$1,128$793$549$375$274
31 years$1,506$1,066$739$504$339$245
32 years$1,443$1,009$690$463$306$218
33 years$1,384$956$644$426$277$195
34 years$1,329$906$602$392$251$174
35 years$1,277$859$563$361$227$156
36 years$1,228$815$526$332$206$139
37 years$1,181$774$493$306$187$125
38 years$1,138$736$461$282$169$111
39 years$1,096$700$432$260$154$100
40 years$1,057$666$405$240$139$89
41 years$1,020$634$380$221$126$80
42 years$984$604$356$204$115$71
43 years$950$575$334$189$104$64
44 years$918$548$314$174$94$57
45 years$888$523$295$161$86$51
46 years$859$499$277$149$78$46
47 years$831$476$260$137$71$41
48 years$804$454$244$127$64$37
49 years$779$434$230$117$58$33
50 years$755$414$216$108$53$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $773,000, adding $5,299 every year, while hoping to spend $56,923 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: 52/38/10 Blend
60$773,000$773,000$773,000$773,000
61$857,312$816,343$804,361$899,405
62$884,192$795,778$770,742$908,090
63$911,906$772,298$734,088$910,966
64$940,479$745,699$694,239$912,766
65$969,937$715,767$651,025$913,401
66$1,000,305$682,274$604,269$912,778
67$1,031,612$644,981$553,787$910,796
68$1,063,883$603,632$499,386$907,351
69$1,097,149$557,960$440,865$902,332
70$1,131,437$507,678$378,013$895,619
71$1,166,777$452,488$310,610$887,088
72$1,203,200$392,072$238,427$876,606
73$1,240,736$326,094$161,224$864,032
74$1,279,418$254,199$78,752$849,217
75$1,319,278$176,013$0$832,004
76$1,360,347$91,142$0$813,215
77$1,402,661$0$0$800,715
78$1,446,253$0$0$786,287
79$1,491,158$0$0$810,681
80$1,537,410$0$0$835,806
81$1,585,046$0$0$861,680
82$1,634,102$0$0$888,322
83$1,684,614$0$0$915,753
84$1,736,620$0$0$943,992
85$1,790,155$0$0$973,058
86$1,845,257$0$0$1,002,972
87$1,901,964$0$0$1,033,752
88$1,960,312$0$0$1,065,419
89$2,020,339$0$0$1,097,993
90$2,082,081$0$0$1,131,491
91$2,145,574$0$0$1,165,934
92$2,210,853$0$0$1,201,340
93$2,277,954$0$0$1,237,726
94$2,346,909$0$0$1,275,109
95$2,417,751$0$0$1,313,507
96$2,490,509$0$0$1,352,934
97$2,565,213$0$0$1,393,404
98$2,641,887$0$0$1,434,929
99$2,720,556$0$0$1,477,521
100$2,801,238$0$0$1,521,189