Can I retire at age 61 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$64,412$63,838$63,278$62,732$62,198$61,421
2 years$31,887$31,293$30,718$30,160$29,618$28,836
3 years$21,047$20,450$19,876$19,323$18,791$18,028
4 years$15,628$15,033$14,465$13,921$13,402$12,665
5 years$12,377$11,786$11,225$10,693$10,188$9,478
6 years$10,211$9,624$9,072$8,551$8,061$7,380
7 years$8,664$8,082$7,539$7,031$6,556$5,903
8 years$7,505$6,928$6,393$5,898$5,439$4,815
9 years$6,603$6,032$5,507$5,024$4,580$3,984
10 years$5,882$5,317$4,801$4,330$3,903$3,335
11 years$5,293$4,734$4,227$3,769$3,356$2,816
12 years$4,803$4,249$3,751$3,306$2,909$2,395
13 years$4,388$3,839$3,351$2,918$2,536$2,048
14 years$4,032$3,490$3,011$2,591$2,223$1,761
15 years$3,725$3,188$2,719$2,310$1,958$1,520
16 years$3,456$2,925$2,465$2,069$1,730$1,316
17 years$3,219$2,694$2,243$1,859$1,534$1,143
18 years$3,008$2,489$2,047$1,675$1,364$995
19 years$2,820$2,307$1,874$1,514$1,216$868
20 years$2,651$2,144$1,720$1,371$1,086$759
21 years$2,498$1,997$1,582$1,244$972$664
22 years$2,359$1,864$1,458$1,131$871$582
23 years$2,233$1,743$1,346$1,030$782$511
24 years$2,117$1,633$1,245$940$703$449
25 years$2,011$1,533$1,153$858$632$395
26 years$1,913$1,441$1,070$785$570$347
27 years$1,822$1,356$993$718$514$306
28 years$1,738$1,278$923$658$463$269
29 years$1,660$1,205$859$603$418$238
30 years$1,588$1,138$800$554$378$209
31 years$1,520$1,076$746$509$342$185
32 years$1,456$1,018$696$467$309$163
33 years$1,397$964$650$430$280$144
34 years$1,341$914$607$395$253$127
35 years$1,288$867$568$364$229$112
36 years$1,239$823$531$335$208$99
37 years$1,192$781$497$309$188$88
38 years$1,148$743$466$285$171$78
39 years$1,106$706$436$263$155$69
40 years$1,066$672$409$242$141$61
41 years$1,029$639$383$223$127$54
42 years$993$609$360$206$116$47
43 years$959$580$337$190$105$42
44 years$927$553$317$176$95$37
45 years$896$527$297$162$87$33
46 years$867$503$279$150$79$29
47 years$839$480$262$139$71$26
48 years$812$458$247$128$65$23
49 years$786$438$232$118$59$20
50 years$762$418$218$109$53$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $780,000, adding $4,475 every year, while hoping to spend $27,780 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: 42/30/28 Blend
60$780,000$780,000$780,000$780,000
61$864,176$822,836$810,746$893,226
62$922,764$833,597$808,348$925,323
63$986,397$843,955$804,939$957,110
64$1,055,561$853,859$800,455$991,006
65$1,130,788$863,259$794,831$1,027,220
66$1,212,667$872,097$787,996$1,065,989
67$1,301,843$880,314$779,878$1,107,571
68$1,399,028$887,846$770,401$1,152,253
69$1,505,005$894,626$759,485$1,200,353
70$1,620,634$900,581$747,047$1,252,222
71$1,746,864$905,635$732,998$1,308,252
72$1,884,739$909,706$717,248$1,368,871
73$2,035,407$912,707$699,701$1,434,558
74$2,200,134$914,545$680,256$1,505,840
75$2,380,312$915,122$658,809$1,583,299
76$2,577,475$914,334$635,251$1,667,582
77$2,793,311$912,070$609,465$1,759,401
78$3,029,680$908,213$581,334$1,859,547
79$3,288,630$902,637$550,730$1,968,891
80$3,572,414$895,211$517,524$2,088,397
81$3,883,518$885,794$481,579$2,219,132
82$4,224,675$874,236$442,750$2,362,272
83$4,598,900$860,382$400,890$2,519,120
84$5,009,510$844,062$355,842$2,691,115
85$5,460,159$825,101$307,442$2,879,844
86$5,954,875$803,311$255,521$3,087,063
87$6,498,092$778,492$199,901$3,314,711
88$7,094,696$750,437$140,396$3,564,929
89$7,750,067$718,921$76,812$3,840,083
90$8,470,136$683,710$8,946$4,142,784
91$9,261,433$644,554$0$4,475,915
92$10,131,153$601,191$0$4,861,625
93$11,087,224$553,343$0$5,288,550
94$12,138,379$500,715$0$5,757,963
95$13,294,240$442,996$0$6,274,219
96$14,565,408$379,859$0$6,842,120
97$15,963,562$310,954$0$7,466,963
98$17,501,571$235,917$0$8,154,588
99$19,193,614$154,359$0$8,911,434
100$21,055,312$65,872$0$9,744,603