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%19.5%
1 years$63,999$63,429$62,873$62,330$61,800$59,442
2 years$31,683$31,093$30,521$29,966$29,428$27,080
3 years$20,912$20,319$19,749$19,200$18,671$16,407
4 years$15,528$14,937$14,372$13,832$13,316$11,153
5 years$12,298$11,711$11,153$10,624$10,123$8,067
6 years$10,145$9,563$9,014$8,496$8,010$6,062
7 years$8,609$8,031$7,490$6,985$6,514$4,674
8 years$7,456$6,884$6,352$5,860$5,404$3,670
9 years$6,561$5,994$5,471$4,991$4,551$2,920
10 years$5,845$5,283$4,770$4,303$3,878$2,347
11 years$5,259$4,703$4,199$3,745$3,335$1,901
12 years$4,772$4,221$3,727$3,284$2,890$1,550
13 years$4,359$3,815$3,330$2,900$2,520$1,269
14 years$4,006$3,468$2,992$2,574$2,209$1,043
15 years$3,701$3,168$2,701$2,296$1,945$860
16 years$3,434$2,906$2,449$2,055$1,719$711
17 years$3,198$2,677$2,229$1,847$1,524$589
18 years$2,989$2,473$2,034$1,664$1,355$489
19 years$2,802$2,292$1,862$1,504$1,208$407
20 years$2,634$2,130$1,709$1,362$1,079$338
21 years$2,482$1,984$1,572$1,236$966$282
22 years$2,344$1,852$1,449$1,124$866$235
23 years$2,219$1,732$1,338$1,024$777$196
24 years$2,104$1,623$1,237$934$698$163
25 years$1,998$1,523$1,146$853$628$136
26 years$1,901$1,431$1,063$780$566$114
27 years$1,811$1,347$987$714$510$95
28 years$1,727$1,269$917$654$460$80
29 years$1,650$1,198$854$600$416$67
30 years$1,578$1,131$795$550$376$56
31 years$1,510$1,069$741$505$340$47
32 years$1,447$1,012$692$464$307$39
33 years$1,388$958$646$427$278$33
34 years$1,332$908$603$393$252$27
35 years$1,280$861$564$362$228$23
36 years$1,231$817$528$333$207$19
37 years$1,184$776$494$307$187$16
38 years$1,140$738$463$283$170$13
39 years$1,099$702$433$261$154$11
40 years$1,060$667$406$241$140$9
41 years$1,022$635$381$222$127$8
42 years$987$605$357$205$115$7
43 years$953$577$335$189$104$5
44 years$921$550$315$175$95$5
45 years$890$524$296$161$86$4
46 years$861$500$278$149$78$3
47 years$833$477$261$138$71$3
48 years$807$455$245$127$64$2
49 years$781$435$230$118$58$2
50 years$757$415$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $775,000, adding $2,732 every year, while hoping to spend $56,535 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: 67/13/20 Blend
60$775,000$775,000$775,000$775,000
61$856,868$815,793$803,781$909,822
62$884,116$795,614$770,554$925,447
63$912,248$772,552$734,320$935,737
64$941,295$746,405$694,918$945,633
65$971,289$716,960$652,180$955,094
66$1,002,263$683,993$605,930$964,076
67$1,034,251$647,266$555,986$972,537
68$1,067,289$606,527$502,156$980,428
69$1,101,415$561,509$444,240$987,700
70$1,136,667$511,931$382,030$994,300
71$1,173,086$457,495$315,308$1,000,173
72$1,210,716$397,887$243,845$1,005,260
73$1,249,600$332,774$167,405$1,009,500
74$1,289,784$261,806$85,738$1,012,829
75$1,331,319$184,611$0$1,015,178
76$1,374,254$100,797$0$1,016,778
77$1,418,644$9,952$0$1,036,798
78$1,464,544$0$0$1,056,903
79$1,512,014$0$0$1,089,713
80$1,561,115$0$0$1,125,127
81$1,611,913$0$0$1,161,767
82$1,664,477$0$0$1,199,683
83$1,718,880$0$0$1,238,929
84$1,775,196$0$0$1,279,559
85$1,833,509$0$0$1,321,632
86$1,893,902$0$0$1,365,211
87$1,956,467$0$0$1,410,362
88$2,021,300$0$0$1,457,154
89$2,088,501$0$0$1,505,661
90$2,158,179$0$0$1,555,961
91$2,230,449$0$0$1,608,140
92$2,305,433$0$0$1,662,284
93$2,383,260$0$0$1,718,490
94$2,464,071$0$0$1,776,859
95$2,548,011$0$0$1,837,498
96$2,635,241$0$0$1,900,524
97$2,725,930$0$0$1,966,060
98$2,820,258$0$0$2,034,238
99$2,918,421$0$0$2,105,201
100$3,020,627$0$0$2,179,102