Can I retire at age 61 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$64,247$63,674$63,116$62,571$62,039$61,622
2 years$31,805$31,213$30,639$30,082$29,542$29,122
3 years$20,993$20,398$19,825$19,274$18,743$18,332
4 years$15,588$14,995$14,428$13,886$13,368$12,969
5 years$12,346$11,756$11,197$10,666$10,162$9,777
6 years$10,185$9,600$9,048$8,529$8,041$7,670
7 years$8,642$8,062$7,519$7,012$6,539$6,184
8 years$7,485$6,910$6,377$5,883$5,425$5,084
9 years$6,586$6,017$5,492$5,011$4,569$4,242
10 years$5,867$5,303$4,788$4,319$3,893$3,580
11 years$5,280$4,721$4,216$3,759$3,348$3,049
12 years$4,790$4,238$3,741$3,297$2,901$2,616
13 years$4,376$3,830$3,343$2,911$2,530$2,258
14 years$4,022$3,481$3,003$2,584$2,218$1,959
15 years$3,715$3,180$2,712$2,304$1,953$1,707
16 years$3,447$2,918$2,458$2,063$1,726$1,493
17 years$3,210$2,687$2,237$1,854$1,530$1,309
18 years$3,000$2,483$2,042$1,671$1,361$1,151
19 years$2,813$2,301$1,870$1,510$1,213$1,014
20 years$2,644$2,138$1,716$1,367$1,083$896
21 years$2,492$1,992$1,578$1,241$969$792
22 years$2,353$1,859$1,455$1,128$869$702
23 years$2,227$1,739$1,343$1,028$780$623
24 years$2,112$1,629$1,242$937$701$553
25 years$2,006$1,529$1,150$856$631$491
26 years$1,908$1,437$1,067$783$568$437
27 years$1,818$1,352$991$716$512$389
28 years$1,734$1,274$921$656$462$347
29 years$1,656$1,202$857$602$417$309
30 years$1,584$1,135$798$552$377$276
31 years$1,516$1,073$744$507$341$246
32 years$1,453$1,016$694$466$308$220
33 years$1,393$962$648$429$279$196
34 years$1,338$911$606$394$253$175
35 years$1,285$865$566$363$229$157
36 years$1,236$821$530$334$207$140
37 years$1,189$779$496$308$188$125
38 years$1,145$741$464$284$170$112
39 years$1,103$704$435$262$155$100
40 years$1,064$670$408$242$140$90
41 years$1,026$638$382$223$127$80
42 years$991$607$359$206$115$72
43 years$957$579$337$190$105$64
44 years$924$552$316$175$95$58
45 years$894$526$297$162$86$52
46 years$864$502$279$150$78$46
47 years$836$479$262$138$71$41
48 years$810$457$246$128$65$37
49 years$784$437$231$118$59$33
50 years$760$417$217$109$53$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $778,000, adding $4,486 every year, while hoping to spend $45,001 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: 70/23/7 Blend
60$778,000$778,000$778,000$778,000
61$861,983$820,749$808,690$921,067
62$902,025$813,085$787,901$953,066
63$944,642$803,538$764,906$982,103
64$990,051$791,966$739,586$1,012,640
65$1,038,487$778,223$711,813$1,044,814
66$1,090,208$762,151$681,454$1,078,779
67$1,145,497$743,584$648,370$1,114,701
68$1,204,664$722,347$612,417$1,152,767
69$1,268,050$698,251$573,443$1,193,184
70$1,336,027$671,102$531,289$1,236,181
71$1,409,004$640,688$485,790$1,282,011
72$1,487,432$606,791$436,773$1,330,955
73$1,571,802$569,176$384,058$1,383,324
74$1,662,657$527,597$327,454$1,439,463
75$1,760,591$481,792$266,767$1,499,753
76$1,866,256$431,485$201,789$1,564,617
77$1,980,372$376,385$132,306$1,634,523
78$2,103,725$316,183$58,094$1,709,988
79$2,237,183$250,555$0$1,791,586
80$2,381,699$179,155$0$1,881,527
81$2,538,319$101,620$0$1,983,671
82$2,708,196$17,568$0$2,094,469
83$2,892,596$0$0$2,214,801
84$3,092,911$0$0$2,364,217
85$3,310,675$0$0$2,531,517
86$3,547,573$0$0$2,713,557
87$3,805,459$0$0$2,911,765
88$4,086,375$0$0$3,127,714
89$4,392,566$0$0$3,363,138
90$4,726,504$0$0$3,619,941
91$5,090,910$0$0$3,900,222
92$5,488,778$0$0$4,206,290
93$5,923,403$0$0$4,540,686
94$6,398,416$0$0$4,906,209
95$6,917,811$0$0$5,305,940
96$7,485,988$0$0$5,743,272
97$8,107,789$0$0$6,221,940
98$8,788,548$0$0$6,746,056
99$9,534,137$0$0$7,320,151
100$10,351,026$0$0$7,949,213