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%17.6%
1 years$63,999$63,429$62,873$62,330$61,800$59,893
2 years$31,683$31,093$30,521$29,966$29,428$27,524
3 years$20,912$20,319$19,749$19,200$18,671$16,829
4 years$15,528$14,937$14,372$13,832$13,316$11,550
5 years$12,298$11,711$11,153$10,624$10,123$8,438
6 years$10,145$9,563$9,014$8,496$8,010$6,408
7 years$8,609$8,031$7,490$6,985$6,514$4,994
8 years$7,456$6,884$6,352$5,860$5,404$3,966
9 years$6,561$5,994$5,471$4,991$4,551$3,192
10 years$5,845$5,283$4,770$4,303$3,878$2,597
11 years$5,259$4,703$4,199$3,745$3,335$2,130
12 years$4,772$4,221$3,727$3,284$2,890$1,758
13 years$4,359$3,815$3,330$2,900$2,520$1,458
14 years$4,006$3,468$2,992$2,574$2,209$1,215
15 years$3,701$3,168$2,701$2,296$1,945$1,016
16 years$3,434$2,906$2,449$2,055$1,719$851
17 years$3,198$2,677$2,229$1,847$1,524$715
18 years$2,989$2,473$2,034$1,664$1,355$602
19 years$2,802$2,292$1,862$1,504$1,208$508
20 years$2,634$2,130$1,709$1,362$1,079$429
21 years$2,482$1,984$1,572$1,236$966$362
22 years$2,344$1,852$1,449$1,124$866$306
23 years$2,219$1,732$1,338$1,024$777$259
24 years$2,104$1,623$1,237$934$698$220
25 years$1,998$1,523$1,146$853$628$186
26 years$1,901$1,431$1,063$780$566$158
27 years$1,811$1,347$987$714$510$134
28 years$1,727$1,269$917$654$460$114
29 years$1,650$1,198$854$600$416$97
30 years$1,578$1,131$795$550$376$82
31 years$1,510$1,069$741$505$340$70
32 years$1,447$1,012$692$464$307$59
33 years$1,388$958$646$427$278$50
34 years$1,332$908$603$393$252$43
35 years$1,280$861$564$362$228$36
36 years$1,231$817$528$333$207$31
37 years$1,184$776$494$307$187$26
38 years$1,140$738$463$283$170$22
39 years$1,099$702$433$261$154$19
40 years$1,060$667$406$241$140$16
41 years$1,022$635$381$222$127$14
42 years$987$605$357$205$115$12
43 years$953$577$335$189$104$10
44 years$921$550$315$175$95$8
45 years$890$524$296$161$86$7
46 years$861$500$278$149$78$6
47 years$833$477$261$138$71$5
48 years$807$455$245$127$64$4
49 years$781$435$230$118$58$4
50 years$757$415$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $775,000, adding $4,157 every year, while hoping to spend $34,292 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: 40/30/30 Blend
60$775,000$775,000$775,000$775,000
61$858,338$817,263$805,250$884,935
62$909,402$820,822$795,740$908,288
63$964,525$823,407$784,761$930,071
64$1,024,086$824,933$772,230$952,998
65$1,088,498$825,310$758,055$977,195
66$1,158,219$824,445$742,145$1,002,805
67$1,233,751$822,236$724,400$1,029,988
68$1,315,645$818,577$704,718$1,058,921
69$1,404,508$813,354$682,993$1,089,803
70$1,501,006$806,447$659,112$1,122,855
71$1,605,875$797,729$632,959$1,158,325
72$1,719,921$787,064$604,409$1,196,488
73$1,844,032$774,310$573,336$1,237,651
74$1,979,186$759,313$539,606$1,282,156
75$2,126,458$741,915$503,078$1,330,382
76$2,287,031$721,944$463,606$1,382,752
77$2,462,209$699,220$421,037$1,439,737
78$2,653,426$673,552$375,213$1,501,860
79$2,862,258$644,739$325,965$1,569,700
80$3,090,444$612,567$273,121$1,643,904
81$3,339,896$576,810$216,498$1,725,185
82$3,612,721$537,229$155,906$1,814,339
83$3,911,237$493,572$91,147$1,912,248
84$4,237,997$445,570$22,014$2,019,887
85$4,595,812$392,943$0$2,138,342
86$4,987,780$335,392$0$2,285,382
87$5,417,308$272,601$0$2,454,367
88$5,888,153$204,238$0$2,639,791
89$6,404,450$129,951$0$2,843,367
90$6,970,754$49,369$0$3,066,985
91$7,592,082$0$0$3,312,733
92$8,273,960$0$0$3,595,428
93$9,022,475$0$0$3,923,744
94$9,844,334$0$0$4,284,338
95$10,746,921$0$0$4,680,464
96$11,738,373$0$0$5,115,708
97$12,827,655$0$0$5,594,018
98$14,024,640$0$0$6,119,747
99$15,340,207$0$0$6,697,686
100$16,786,342$0$0$7,333,117