Can I retire at age 61 with 773,000?

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 $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%17.8%
1 years$63,834$63,265$62,710$62,169$61,640$59,691
2 years$31,601$31,012$30,442$29,889$29,352$27,406
3 years$20,858$20,267$19,698$19,150$18,622$16,740
4 years$15,488$14,898$14,335$13,797$13,282$11,478
5 years$12,266$11,680$11,125$10,597$10,096$8,376
6 years$10,119$9,538$8,990$8,475$7,989$6,354
7 years$8,586$8,010$7,471$6,967$6,497$4,947
8 years$7,437$6,866$6,336$5,845$5,390$3,923
9 years$6,544$5,978$5,457$4,978$4,539$3,154
10 years$5,830$5,269$4,758$4,291$3,868$2,563
11 years$5,246$4,691$4,189$3,735$3,326$2,099
12 years$4,759$4,210$3,717$3,276$2,882$1,730
13 years$4,348$3,805$3,321$2,892$2,514$1,434
14 years$3,996$3,459$2,984$2,567$2,203$1,193
15 years$3,691$3,160$2,694$2,290$1,940$996
16 years$3,425$2,899$2,443$2,050$1,715$833
17 years$3,190$2,670$2,223$1,842$1,520$699
18 years$2,981$2,467$2,029$1,660$1,352$588
19 years$2,795$2,286$1,858$1,500$1,205$495
20 years$2,627$2,125$1,705$1,359$1,076$417
21 years$2,476$1,979$1,568$1,233$963$352
22 years$2,338$1,847$1,445$1,121$863$297
23 years$2,213$1,728$1,334$1,021$775$251
24 years$2,098$1,619$1,234$931$697$213
25 years$1,993$1,519$1,143$850$627$180
26 years$1,896$1,428$1,060$778$565$152
27 years$1,806$1,344$984$712$509$129
28 years$1,723$1,266$915$652$459$109
29 years$1,646$1,194$852$598$415$93
30 years$1,573$1,128$793$549$375$79
31 years$1,506$1,066$739$504$339$67
32 years$1,443$1,009$690$463$306$56
33 years$1,384$956$644$426$277$48
34 years$1,329$906$602$392$251$41
35 years$1,277$859$563$361$227$34
36 years$1,228$815$526$332$206$29
37 years$1,181$774$493$306$187$25
38 years$1,138$736$461$282$169$21
39 years$1,096$700$432$260$154$18
40 years$1,057$666$405$240$139$15
41 years$1,020$634$380$221$126$13
42 years$984$604$356$204$115$11
43 years$950$575$334$189$104$9
44 years$918$548$314$174$94$8
45 years$888$523$295$161$86$7
46 years$859$499$277$149$78$6
47 years$831$476$260$137$71$5
48 years$804$454$244$127$64$4
49 years$779$434$230$117$58$3
50 years$755$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 $773,000, adding $4,569 every year, while hoping to spend $30,442 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: 47/35/18 Blend
60$773,000$773,000$773,000$773,000
61$856,559$815,590$803,608$892,250
62$911,538$823,164$798,139$925,128
63$971,104$830,088$791,467$957,353
64$1,035,694$836,300$783,518$991,684
65$1,105,787$841,730$774,217$1,028,328
66$1,181,909$846,307$763,486$1,067,519
67$1,264,640$849,953$751,239$1,109,511
68$1,354,619$852,586$737,391$1,154,590
69$1,452,547$854,119$721,850$1,203,070
70$1,559,195$854,460$704,521$1,255,299
71$1,675,414$853,510$685,304$1,311,663
72$1,802,139$851,164$664,094$1,372,587
73$1,940,398$847,312$640,782$1,438,545
74$2,091,325$841,836$615,254$1,510,059
75$2,256,166$834,612$587,391$1,587,706
76$2,436,294$825,507$557,067$1,672,126
77$2,633,219$814,380$524,153$1,764,025
78$2,848,607$801,084$488,511$1,864,187
79$3,084,288$785,460$449,999$1,973,474
80$3,342,280$767,342$408,469$2,092,843
81$3,624,804$746,554$363,764$2,223,352
82$3,934,306$722,907$315,722$2,366,167
83$4,273,480$696,205$264,174$2,522,581
84$4,645,293$666,237$208,942$2,694,019
85$5,053,013$632,782$149,841$2,882,060
86$5,500,238$595,606$86,678$3,088,444
87$5,990,932$554,460$19,252$3,315,097
88$6,529,461$509,083$0$3,564,144
89$7,120,635$459,197$0$3,848,057
90$7,769,752$404,510$0$4,163,912
91$8,482,647$344,712$0$4,510,914
92$9,265,750$279,475$0$4,892,274
93$10,126,142$208,455$0$5,311,533
94$11,071,625$131,286$0$5,772,598
95$12,110,795$47,583$0$6,279,778
96$13,253,122$0$0$6,837,829
97$14,509,036$0$0$7,468,579
98$15,890,034$0$0$8,182,396
99$17,408,776$0$0$8,967,512
100$19,079,217$0$0$9,831,150