Can I retire at age 61 with 777,000?

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 $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%16.8%
1 years$64,164$63,592$63,035$62,491$61,959$60,241
2 years$31,764$31,173$30,599$30,044$29,504$27,787
3 years$20,966$20,372$19,800$19,249$18,719$17,055
4 years$15,568$14,975$14,409$13,868$13,350$11,753
5 years$12,330$11,741$11,182$10,652$10,149$8,622
6 years$10,172$9,587$9,037$8,518$8,030$6,576
7 years$8,631$8,051$7,510$7,003$6,531$5,149
8 years$7,476$6,902$6,369$5,875$5,418$4,108
9 years$6,578$6,009$5,485$5,004$4,563$3,323
10 years$5,860$5,297$4,782$4,314$3,888$2,717
11 years$5,273$4,715$4,210$3,754$3,344$2,239
12 years$4,784$4,232$3,737$3,293$2,897$1,858
13 years$4,371$3,825$3,338$2,907$2,527$1,550
14 years$4,017$3,477$3,000$2,581$2,215$1,298
15 years$3,710$3,176$2,708$2,301$1,950$1,092
16 years$3,442$2,914$2,455$2,061$1,723$920
17 years$3,206$2,684$2,234$1,852$1,528$778
18 years$2,997$2,480$2,040$1,669$1,359$659
19 years$2,809$2,298$1,867$1,508$1,211$559
20 years$2,641$2,136$1,714$1,366$1,082$475
21 years$2,489$1,989$1,576$1,239$968$404
22 years$2,350$1,857$1,453$1,127$868$344
23 years$2,224$1,737$1,341$1,026$779$293
24 years$2,109$1,627$1,240$936$700$250
25 years$2,003$1,527$1,149$855$630$213
26 years$1,906$1,435$1,066$782$567$182
27 years$1,815$1,351$989$715$512$155
28 years$1,732$1,273$920$655$462$133
29 years$1,654$1,201$856$601$417$113
30 years$1,582$1,134$797$552$377$97
31 years$1,514$1,072$743$507$341$83
32 years$1,451$1,014$694$466$308$71
33 years$1,391$960$648$428$279$61
34 years$1,336$910$605$394$252$52
35 years$1,283$863$566$363$229$44
36 years$1,234$820$529$334$207$38
37 years$1,187$778$495$308$188$32
38 years$1,143$740$464$284$170$28
39 years$1,102$703$435$262$154$24
40 years$1,062$669$407$241$140$20
41 years$1,025$637$382$223$127$17
42 years$989$607$358$205$115$15
43 years$955$578$336$190$105$13
44 years$923$551$316$175$95$11
45 years$892$525$296$162$86$9
46 years$863$501$278$149$78$8
47 years$835$478$261$138$71$7
48 years$809$457$246$127$65$6
49 years$783$436$231$118$59$5
50 years$759$417$217$109$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $777,000, adding $4,255 every year, while hoping to spend $25,131 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: 44/41/15 Blend
60$777,000$777,000$777,000$777,000
61$860,643$819,462$807,419$894,614
62$921,689$832,876$807,728$932,210
63$988,120$846,106$807,205$970,089
64$1,060,458$859,115$805,796$1,010,602
65$1,139,279$871,865$803,444$1,054,002
66$1,225,214$884,316$800,089$1,100,570
67$1,318,961$896,423$795,667$1,150,614
68$1,421,288$908,139$790,114$1,204,477
69$1,533,036$919,416$783,360$1,262,536
70$1,655,137$930,198$775,334$1,325,206
71$1,788,612$940,429$765,959$1,392,949
72$1,934,589$950,048$755,157$1,466,270
73$2,094,306$958,990$742,844$1,545,731
74$2,269,130$967,185$728,934$1,631,951
75$2,460,564$974,560$713,336$1,725,613
76$2,670,264$981,035$695,954$1,827,471
77$2,900,053$986,528$676,691$1,938,358
78$3,151,939$990,948$655,441$2,059,193
79$3,428,134$994,202$632,095$2,190,991
80$3,731,074$996,188$606,540$2,334,873
81$4,063,441$996,799$578,658$2,492,075
82$4,428,192$995,922$548,322$2,663,962
83$4,828,581$993,436$515,405$2,852,040
84$5,268,195$989,213$479,769$3,057,972
85$5,750,982$983,116$441,273$3,283,592
86$6,281,295$975,001$399,768$3,530,927
87$6,863,927$964,716$355,100$3,802,209
88$7,504,158$952,098$307,107$4,099,905
89$8,207,807$936,975$255,619$4,426,736
90$8,981,281$919,165$200,461$4,785,704
91$9,831,643$898,476$141,448$5,180,121
92$10,766,671$874,702$78,387$5,613,642
93$11,794,937$847,627$11,078$6,090,297
94$12,925,883$817,023$0$6,614,536
95$14,169,912$782,647$0$7,200,988
96$15,538,489$744,242$0$7,847,867
97$17,044,243$701,538$0$8,559,405
98$18,701,090$654,247$0$9,342,226
99$20,524,363$602,067$0$10,203,633
100$22,530,956$544,677$0$11,151,682