Can I retire at age 61 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$63,916$63,347$62,791$62,249$61,720$61,025
2 years$31,642$31,052$30,481$29,928$29,390$28,690
3 years$20,885$20,293$19,723$19,175$18,646$17,964
4 years$15,508$14,918$14,354$13,814$13,299$12,638
5 years$12,282$11,696$11,139$10,611$10,110$9,473
6 years$10,132$9,550$9,002$8,486$7,999$7,388
7 years$8,597$8,020$7,481$6,976$6,506$5,920
8 years$7,447$6,875$6,344$5,852$5,397$4,836
9 years$6,552$5,986$5,464$4,985$4,545$4,009
10 years$5,837$5,276$4,764$4,297$3,873$3,362
11 years$5,253$4,697$4,194$3,740$3,331$2,844
12 years$4,766$4,216$3,722$3,280$2,886$2,423
13 years$4,354$3,810$3,325$2,896$2,517$2,077
14 years$4,001$3,463$2,988$2,571$2,206$1,789
15 years$3,696$3,164$2,698$2,293$1,943$1,547
16 years$3,429$2,903$2,446$2,053$1,717$1,342
17 years$3,194$2,673$2,226$1,844$1,522$1,168
18 years$2,985$2,470$2,032$1,662$1,354$1,019
19 years$2,798$2,289$1,860$1,502$1,206$891
20 years$2,631$2,127$1,707$1,360$1,078$781
21 years$2,479$1,981$1,570$1,235$964$685
22 years$2,341$1,850$1,447$1,122$864$602
23 years$2,216$1,730$1,336$1,022$776$529
24 years$2,101$1,621$1,236$932$697$466
25 years$1,995$1,521$1,144$851$628$411
26 years$1,898$1,430$1,061$779$565$362
27 years$1,808$1,345$986$713$510$320
28 years$1,725$1,268$916$653$460$282
29 years$1,648$1,196$853$599$415$250
30 years$1,576$1,129$794$550$375$221
31 years$1,508$1,068$740$505$339$195
32 years$1,445$1,010$691$464$307$173
33 years$1,386$957$645$427$278$153
34 years$1,331$907$603$392$251$135
35 years$1,278$860$563$361$228$120
36 years$1,229$816$527$333$206$106
37 years$1,183$775$493$307$187$94
38 years$1,139$737$462$283$170$83
39 years$1,098$701$433$261$154$74
40 years$1,058$667$406$240$139$65
41 years$1,021$635$380$222$127$58
42 years$985$604$357$205$115$51
43 years$952$576$335$189$104$46
44 years$920$549$314$174$95$40
45 years$889$523$295$161$86$36
46 years$860$499$277$149$78$32
47 years$832$476$260$137$71$28
48 years$805$455$245$127$64$25
49 years$780$434$230$117$58$22
50 years$756$415$216$108$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $774,000, adding $2,294 every year, while hoping to spend $51,877 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: 58/35/7 Blend
60$774,000$774,000$774,000$774,000
61$855,314$814,292$802,295$903,506
62$887,360$798,996$773,975$920,851
63$920,935$781,211$742,968$933,675
64$956,141$760,762$709,129$946,362
65$993,089$737,460$672,306$958,904
66$1,031,897$711,109$632,341$971,292
67$1,072,695$681,498$589,069$983,521
68$1,115,624$648,405$542,317$995,588
69$1,160,838$611,597$491,904$1,007,490
70$1,208,503$570,825$437,643$1,019,230
71$1,258,801$525,827$379,335$1,030,815
72$1,311,932$476,325$316,776$1,042,254
73$1,368,111$422,027$249,750$1,053,564
74$1,427,574$362,622$178,033$1,064,764
75$1,490,581$297,784$101,390$1,075,884
76$1,557,411$227,167$19,579$1,086,958
77$1,628,375$150,406$0$1,098,032
78$1,703,808$67,115$0$1,114,219
79$1,784,080$0$0$1,132,416
80$1,869,593$0$0$1,160,161
81$1,960,790$0$0$1,217,355
82$2,058,155$0$0$1,278,455
83$2,162,218$0$0$1,343,802
84$2,273,561$0$0$1,413,764
85$2,392,821$0$0$1,488,749
86$2,520,697$0$0$1,569,202
87$2,657,957$0$0$1,655,612
88$2,805,441$0$0$1,748,516
89$2,964,075$0$0$1,848,503
90$3,134,872$0$0$1,956,221
91$3,318,948$0$0$2,072,379
92$3,517,525$0$0$2,197,760
93$3,731,948$0$0$2,333,220
94$3,963,695$0$0$2,479,702
95$4,214,390$0$0$2,638,243
96$4,485,816$0$0$2,809,983
97$4,779,938$0$0$2,996,172
98$5,098,912$0$0$3,198,190
99$5,445,111$0$0$3,417,550
100$5,821,144$0$0$3,655,920