Can I retire at age 61 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$64,081$63,511$62,954$62,410$61,879$60,704
2 years$31,723$31,133$30,560$30,005$29,466$28,287
3 years$20,939$20,346$19,774$19,224$18,695$17,548
4 years$15,548$14,956$14,391$13,850$13,333$12,228
5 years$12,314$11,726$11,168$10,638$10,136$9,075
6 years$10,159$9,575$9,025$8,507$8,020$7,005
7 years$8,620$8,041$7,500$6,994$6,522$5,553
8 years$7,466$6,893$6,361$5,867$5,411$4,488
9 years$6,569$6,001$5,478$4,998$4,557$3,679
10 years$5,852$5,290$4,776$4,308$3,883$3,049
11 years$5,266$4,709$4,205$3,749$3,339$2,549
12 years$4,778$4,227$3,732$3,289$2,894$2,145
13 years$4,365$3,820$3,334$2,903$2,523$1,816
14 years$4,012$3,472$2,996$2,577$2,212$1,544
15 years$3,706$3,172$2,705$2,299$1,948$1,318
16 years$3,438$2,910$2,452$2,058$1,721$1,129
17 years$3,202$2,680$2,231$1,849$1,526$969
18 years$2,993$2,476$2,037$1,666$1,357$834
19 years$2,806$2,295$1,865$1,506$1,210$719
20 years$2,637$2,133$1,711$1,364$1,080$621
21 years$2,485$1,987$1,574$1,238$967$537
22 years$2,347$1,854$1,451$1,125$867$465
23 years$2,222$1,734$1,340$1,025$778$403
24 years$2,106$1,625$1,239$935$699$350
25 years$2,001$1,525$1,147$854$629$304
26 years$1,903$1,433$1,064$781$567$264
27 years$1,813$1,349$988$714$511$229
28 years$1,730$1,271$919$655$461$200
29 years$1,652$1,199$855$600$416$174
30 years$1,580$1,132$796$551$376$151
31 years$1,512$1,070$742$506$340$132
32 years$1,449$1,013$693$465$308$115
33 years$1,390$959$647$428$278$100
34 years$1,334$909$604$393$252$87
35 years$1,282$862$565$362$228$76
36 years$1,232$818$528$334$207$66
37 years$1,186$777$495$307$187$58
38 years$1,142$739$463$283$170$50
39 years$1,100$702$434$261$154$44
40 years$1,061$668$407$241$140$38
41 years$1,023$636$381$222$127$33
42 years$988$606$358$205$115$29
43 years$954$577$336$189$104$25
44 years$922$550$315$175$95$22
45 years$891$525$296$161$86$19
46 years$862$501$278$149$78$17
47 years$834$478$261$138$71$15
48 years$808$456$245$127$64$13
49 years$782$435$231$118$59$11
50 years$758$416$217$109$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $776,000, adding $5,535 every year, while hoping to spend $27,015 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: 59/27/14 Blend
60$776,000$776,000$776,000$776,000
61$860,861$819,733$807,705$908,309
62$919,925$831,157$806,020$952,393
63$984,109$842,234$803,372$996,949
64$1,053,905$852,920$799,702$1,044,898
65$1,129,856$863,167$794,946$1,096,569
66$1,212,562$872,922$789,036$1,152,328
67$1,302,678$882,130$781,904$1,212,576
68$1,400,928$890,732$773,475$1,277,756
69$1,508,110$898,664$763,673$1,348,357
70$1,625,099$905,861$752,418$1,424,918
71$1,752,860$912,250$739,625$1,508,035
72$1,892,457$917,754$725,207$1,598,364
73$2,045,057$922,294$709,072$1,696,630
74$2,211,949$925,783$691,122$1,803,630
75$2,394,551$928,129$671,257$1,920,247
76$2,594,423$929,235$649,372$2,047,452
77$2,813,284$928,997$625,356$2,186,318
78$3,053,027$927,306$599,093$2,338,028
79$3,315,736$924,045$570,464$2,503,887
80$3,603,708$919,090$539,342$2,685,334
81$3,919,471$912,310$505,594$2,883,957
82$4,265,810$903,566$469,084$3,101,507
83$4,645,791$892,710$429,667$3,339,917
84$5,062,794$879,585$387,193$3,601,317
85$5,520,540$864,025$341,505$3,888,056
86$6,023,128$845,855$292,438$4,202,728
87$6,575,074$824,889$239,822$4,548,190
88$7,181,353$800,930$183,477$4,927,595
89$7,847,444$773,769$123,217$5,344,420
90$8,579,385$743,185$58,846$5,802,501
91$9,383,826$708,945$0$6,306,065
92$10,268,094$670,801$0$6,861,247
93$11,240,262$628,492$0$7,481,195
94$12,309,222$581,743$0$8,162,813
95$13,484,774$530,259$0$8,912,390
96$14,777,713$473,734$0$9,736,855
97$16,199,933$411,840$0$10,643,850
98$17,764,538$344,232$0$11,641,798
99$19,485,967$270,545$0$12,739,983
100$21,380,130$190,396$0$13,948,639