Can I retire at age 61 with 777,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $777,000?

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$64,164$63,592$63,035$62,491$61,959$59,595
2 years$31,764$31,173$30,599$30,044$29,504$27,150
3 years$20,966$20,372$19,800$19,249$18,719$16,449
4 years$15,568$14,975$14,409$13,868$13,350$11,182
5 years$12,330$11,741$11,182$10,652$10,149$8,088
6 years$10,172$9,587$9,037$8,518$8,030$6,078
7 years$8,631$8,051$7,510$7,003$6,531$4,686
8 years$7,476$6,902$6,369$5,875$5,418$3,679
9 years$6,578$6,009$5,485$5,004$4,563$2,928
10 years$5,860$5,297$4,782$4,314$3,888$2,353
11 years$5,273$4,715$4,210$3,754$3,344$1,906
12 years$4,784$4,232$3,737$3,293$2,897$1,554
13 years$4,371$3,825$3,338$2,907$2,527$1,272
14 years$4,017$3,477$3,000$2,581$2,215$1,046
15 years$3,710$3,176$2,708$2,301$1,950$863
16 years$3,442$2,914$2,455$2,061$1,723$713
17 years$3,206$2,684$2,234$1,852$1,528$591
18 years$2,997$2,480$2,040$1,669$1,359$490
19 years$2,809$2,298$1,867$1,508$1,211$408
20 years$2,641$2,136$1,714$1,366$1,082$339
21 years$2,489$1,989$1,576$1,239$968$282
22 years$2,350$1,857$1,453$1,127$868$235
23 years$2,224$1,737$1,341$1,026$779$196
24 years$2,109$1,627$1,240$936$700$164
25 years$2,003$1,527$1,149$855$630$137
26 years$1,906$1,435$1,066$782$567$114
27 years$1,815$1,351$989$715$512$95
28 years$1,732$1,273$920$655$462$80
29 years$1,654$1,201$856$601$417$67
30 years$1,582$1,134$797$552$377$56
31 years$1,514$1,072$743$507$341$47
32 years$1,451$1,014$694$466$308$39
33 years$1,391$960$648$428$279$33
34 years$1,336$910$605$394$252$27
35 years$1,283$863$566$363$229$23
36 years$1,234$820$529$334$207$19
37 years$1,187$778$495$308$188$16
38 years$1,143$740$464$284$170$13
39 years$1,102$703$435$262$154$11
40 years$1,062$669$407$241$140$9
41 years$1,025$637$382$223$127$8
42 years$989$607$358$205$115$7
43 years$955$578$336$190$105$5
44 years$923$551$316$175$95$5
45 years$892$525$296$162$86$4
46 years$863$501$278$149$78$3
47 years$835$478$261$138$71$3
48 years$809$457$246$127$65$2
49 years$783$436$231$118$59$2
50 years$759$417$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 $777,000, adding $5,126 every year, while hoping to spend $55,011 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: 57/33/10 Blend
60$777,000$777,000$777,000$777,000
61$861,541$820,360$808,317$908,282
62$890,887$802,027$776,864$922,074
63$921,383$780,951$742,514$930,527
64$953,087$756,941$705,112$938,412
65$986,064$729,792$664,494$945,682
66$1,020,380$699,290$620,493$952,289
67$1,056,109$665,206$572,930$958,179
68$1,093,330$627,299$521,621$963,301
69$1,132,127$585,313$466,372$967,599
70$1,172,590$538,980$406,982$971,016
71$1,214,817$488,013$343,239$973,493
72$1,258,914$432,111$274,923$974,970
73$1,304,995$370,957$201,804$975,384
74$1,353,183$304,212$123,643$974,671
75$1,403,611$231,521$40,188$972,766
76$1,456,423$152,510$0$969,603
77$1,511,776$66,781$0$970,330
78$1,569,839$0$0$974,579
79$1,630,796$0$0$987,492
80$1,694,847$0$0$1,026,563
81$1,762,209$0$0$1,067,678
82$1,833,118$0$0$1,110,983
83$1,907,832$0$0$1,156,639
84$1,986,630$0$0$1,204,820
85$2,069,818$0$0$1,255,717
86$2,157,728$0$0$1,309,538
87$2,250,724$0$0$1,366,509
88$2,349,202$0$0$1,426,879
89$2,453,596$0$0$1,490,917
90$2,564,378$0$0$1,558,920
91$2,682,066$0$0$1,631,210
92$2,807,226$0$0$1,708,143
93$2,940,478$0$0$1,790,105
94$3,082,499$0$0$1,877,521
95$3,234,032$0$0$1,970,856
96$3,395,891$0$0$2,070,617
97$3,568,966$0$0$2,177,365
98$3,754,237$0$0$2,291,711
99$3,952,774$0$0$2,414,326
100$4,165,753$0$0$2,545,947