Can I retire at age 61 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$63,999$63,429$62,873$62,330$61,800$61,027
2 years$31,683$31,093$30,521$29,966$29,428$28,651
3 years$20,912$20,319$19,749$19,200$18,671$17,913
4 years$15,528$14,937$14,372$13,832$13,316$12,583
5 years$12,298$11,711$11,153$10,624$10,123$9,417
6 years$10,145$9,563$9,014$8,496$8,010$7,333
7 years$8,609$8,031$7,490$6,985$6,514$5,865
8 years$7,456$6,884$6,352$5,860$5,404$4,784
9 years$6,561$5,994$5,471$4,991$4,551$3,959
10 years$5,845$5,283$4,770$4,303$3,878$3,313
11 years$5,259$4,703$4,199$3,745$3,335$2,798
12 years$4,772$4,221$3,727$3,284$2,890$2,379
13 years$4,359$3,815$3,330$2,900$2,520$2,035
14 years$4,006$3,468$2,992$2,574$2,209$1,750
15 years$3,701$3,168$2,701$2,296$1,945$1,510
16 years$3,434$2,906$2,449$2,055$1,719$1,308
17 years$3,198$2,677$2,229$1,847$1,524$1,136
18 years$2,989$2,473$2,034$1,664$1,355$989
19 years$2,802$2,292$1,862$1,504$1,208$863
20 years$2,634$2,130$1,709$1,362$1,079$754
21 years$2,482$1,984$1,572$1,236$966$660
22 years$2,344$1,852$1,449$1,124$866$579
23 years$2,219$1,732$1,338$1,024$777$508
24 years$2,104$1,623$1,237$934$698$446
25 years$1,998$1,523$1,146$853$628$392
26 years$1,901$1,431$1,063$780$566$345
27 years$1,811$1,347$987$714$510$304
28 years$1,727$1,269$917$654$460$268
29 years$1,650$1,198$854$600$416$236
30 years$1,578$1,131$795$550$376$208
31 years$1,510$1,069$741$505$340$184
32 years$1,447$1,012$692$464$307$162
33 years$1,388$958$646$427$278$143
34 years$1,332$908$603$393$252$126
35 years$1,280$861$564$362$228$112
36 years$1,231$817$528$333$207$99
37 years$1,184$776$494$307$187$87
38 years$1,140$738$463$283$170$77
39 years$1,099$702$433$261$154$68
40 years$1,060$667$406$241$140$60
41 years$1,022$635$381$222$127$53
42 years$987$605$357$205$115$47
43 years$953$577$335$189$104$42
44 years$921$550$315$175$95$37
45 years$890$524$296$161$86$33
46 years$861$500$278$149$78$29
47 years$833$477$261$138$71$25
48 years$807$455$245$127$64$23
49 years$781$435$230$118$58$20
50 years$757$415$217$109$53$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $775,000, adding $4,016 every year, while hoping to spend $59,393 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: 50/45/5 Blend
60$775,000$775,000$775,000$775,000
61$858,193$817,118$805,105$899,879
62$882,534$793,963$768,882$905,521
63$907,369$767,682$729,456$904,910
64$932,683$738,061$686,655$902,817
65$958,461$704,871$640,302$899,116
66$984,683$667,869$590,212$893,673
67$1,011,327$626,801$536,190$886,345
68$1,038,364$581,396$478,034$876,977
69$1,065,762$531,368$415,532$865,407
70$1,093,480$476,416$348,463$851,458
71$1,121,474$416,220$276,597$834,945
72$1,149,693$350,443$199,691$815,665
73$1,178,075$278,728$117,494$793,406
74$1,206,553$200,699$29,744$767,939
75$1,235,046$115,959$0$739,018
76$1,263,468$24,088$0$709,790
77$1,291,715$0$0$678,481
78$1,319,674$0$0$680,536
79$1,347,215$0$0$694,243
80$1,374,192$0$0$707,593
81$1,400,442$0$0$720,495
82$1,425,782$0$0$732,846
83$1,450,005$0$0$744,531
84$1,472,880$0$0$755,421
85$1,494,151$0$0$765,373
86$1,513,529$0$0$774,226
87$1,530,693$0$0$781,802
88$1,545,285$0$0$787,901
89$1,556,907$0$0$792,303
90$1,565,116$0$0$794,762
91$1,569,419$0$0$795,002
92$1,569,267$0$0$792,722
93$1,564,053$0$0$787,582
94$1,553,100$0$0$779,210
95$1,535,659$0$0$767,189
96$1,510,901$0$0$751,060
97$1,477,903$0$0$730,312
98$1,435,645$0$0$704,382
99$1,382,997$0$0$672,643
100$1,318,708$0$0$634,404