Can I retire at age 61 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$64,329$63,756$63,197$62,651$62,119$60,058
2 years$31,846$31,253$30,678$30,121$29,580$27,524
3 years$21,020$20,424$19,851$19,299$18,767$16,780
4 years$15,608$15,014$14,446$13,904$13,385$11,482
5 years$12,361$11,771$11,211$10,679$10,175$8,362
6 years$10,198$9,612$9,060$8,540$8,051$6,329
7 years$8,653$8,072$7,529$7,021$6,548$4,916
8 years$7,495$6,919$6,385$5,890$5,432$3,890
9 years$6,595$6,025$5,500$5,017$4,574$3,120
10 years$5,875$5,310$4,795$4,325$3,898$2,528
11 years$5,286$4,727$4,221$3,764$3,352$2,065
12 years$4,796$4,243$3,746$3,301$2,905$1,698
13 years$4,382$3,835$3,347$2,915$2,533$1,403
14 years$4,027$3,485$3,007$2,587$2,221$1,164
15 years$3,720$3,184$2,715$2,307$1,955$969
16 years$3,451$2,921$2,462$2,066$1,728$809
17 years$3,215$2,690$2,240$1,856$1,532$676
18 years$3,004$2,486$2,045$1,673$1,362$567
19 years$2,816$2,304$1,872$1,512$1,214$476
20 years$2,648$2,141$1,718$1,369$1,085$400
21 years$2,495$1,994$1,580$1,243$971$336
22 years$2,356$1,862$1,456$1,130$870$283
23 years$2,230$1,741$1,345$1,029$781$239
24 years$2,115$1,631$1,244$938$702$201
25 years$2,008$1,531$1,152$857$632$170
26 years$1,911$1,439$1,068$784$569$143
27 years$1,820$1,354$992$717$513$121
28 years$1,736$1,276$922$657$463$102
29 years$1,658$1,204$858$603$418$86
30 years$1,586$1,137$799$553$378$73
31 years$1,518$1,075$745$508$341$62
32 years$1,455$1,017$695$467$309$52
33 years$1,395$963$649$429$279$44
34 years$1,339$913$607$395$253$37
35 years$1,287$866$567$364$229$31
36 years$1,237$822$531$335$208$27
37 years$1,191$780$497$309$188$23
38 years$1,146$742$465$284$171$19
39 years$1,105$705$436$262$155$16
40 years$1,065$671$408$242$140$14
41 years$1,027$639$383$223$127$12
42 years$992$608$359$206$116$10
43 years$958$580$337$190$105$8
44 years$926$552$316$176$95$7
45 years$895$527$297$162$86$6
46 years$865$503$279$150$78$5
47 years$837$480$262$138$71$4
48 years$811$458$246$128$65$4
49 years$785$437$232$118$59$3
50 years$761$418$218$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $779,000, adding $5,841 every year, while hoping to spend $56,283 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: 50/39/11 Blend
60$779,000$779,000$779,000$779,000
61$864,483$823,196$811,121$904,876
62$892,776$803,648$778,409$913,612
63$922,068$781,256$742,715$916,673
64$952,402$755,820$703,879$918,709
65$983,823$727,132$661,735$919,643
66$1,016,378$694,967$616,109$919,388
67$1,050,119$659,090$566,819$917,856
68$1,085,099$619,253$513,675$914,952
69$1,121,374$575,192$456,478$910,580
70$1,159,006$526,628$395,022$904,633
71$1,198,059$473,267$329,089$897,003
72$1,238,601$414,797$258,454$887,575
73$1,280,706$350,890$182,880$876,229
74$1,324,453$281,198$102,121$862,836
75$1,369,925$205,355$15,920$847,265
76$1,417,212$122,972$0$829,376
77$1,466,410$33,640$0$817,951
78$1,517,623$0$0$806,483
79$1,570,961$0$0$820,044
80$1,626,544$0$0$849,235
81$1,684,499$0$0$879,688
82$1,744,965$0$0$911,479
83$1,808,092$0$0$944,686
84$1,874,039$0$0$979,399
85$1,942,980$0$0$1,015,710
86$2,015,104$0$0$1,053,721
87$2,090,614$0$0$1,093,544
88$2,169,730$0$0$1,135,298
89$2,252,690$0$0$1,179,112
90$2,339,755$0$0$1,225,128
91$2,431,204$0$0$1,273,499
92$2,527,345$0$0$1,324,390
93$2,628,509$0$0$1,377,984
94$2,735,058$0$0$1,434,477
95$2,847,386$0$0$1,494,085
96$2,965,922$0$0$1,557,041
97$3,091,133$0$0$1,623,601
98$3,223,531$0$0$1,694,045
99$3,363,673$0$0$1,768,676
100$3,512,165$0$0$1,847,827