Can I retire at age 61 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$64,577$64,002$63,440$62,893$62,358$61,124
2 years$31,969$31,373$30,796$30,237$29,694$28,456
3 years$21,101$20,503$19,927$19,373$18,839$17,636
4 years$15,668$15,072$14,502$13,957$13,436$12,277
5 years$12,409$11,816$11,254$10,720$10,214$9,102
6 years$10,237$9,649$9,095$8,573$8,082$7,018
7 years$8,686$8,103$7,558$7,049$6,573$5,557
8 years$7,524$6,946$6,410$5,913$5,453$4,486
9 years$6,620$6,048$5,521$5,036$4,592$3,673
10 years$5,898$5,331$4,813$4,341$3,913$3,040
11 years$5,307$4,746$4,237$3,778$3,365$2,538
12 years$4,815$4,259$3,761$3,314$2,916$2,134
13 years$4,399$3,849$3,360$2,926$2,543$1,804
14 years$4,043$3,499$3,019$2,597$2,229$1,532
15 years$3,734$3,196$2,726$2,316$1,963$1,306
16 years$3,465$2,933$2,471$2,074$1,735$1,117
17 years$3,227$2,701$2,249$1,863$1,538$958
18 years$3,016$2,496$2,053$1,679$1,368$823
19 years$2,827$2,313$1,879$1,517$1,219$708
20 years$2,658$2,149$1,725$1,374$1,089$611
21 years$2,505$2,002$1,586$1,247$974$528
22 years$2,366$1,869$1,462$1,134$873$456
23 years$2,239$1,748$1,350$1,033$784$395
24 years$2,123$1,638$1,248$942$705$342
25 years$2,016$1,537$1,156$860$634$296
26 years$1,918$1,444$1,072$787$571$257
27 years$1,827$1,359$996$720$515$223
28 years$1,743$1,281$926$660$465$194
29 years$1,665$1,208$861$605$420$168
30 years$1,592$1,141$802$555$379$146
31 years$1,524$1,079$748$510$343$127
32 years$1,460$1,021$698$469$310$111
33 years$1,400$967$652$431$281$96
34 years$1,344$916$609$396$254$84
35 years$1,292$869$569$365$230$73
36 years$1,242$825$533$336$208$63
37 years$1,195$783$498$310$189$55
38 years$1,151$744$467$285$171$48
39 years$1,109$708$437$263$155$42
40 years$1,069$674$410$243$141$36
41 years$1,031$641$384$224$128$32
42 years$996$611$361$207$116$28
43 years$962$582$338$191$105$24
44 years$929$555$318$176$96$21
45 years$898$529$298$163$87$18
46 years$869$504$280$150$79$16
47 years$841$481$263$139$72$14
48 years$814$460$247$128$65$12
49 years$788$439$232$119$59$10
50 years$764$419$219$110$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $782,000, adding $3,686 every year, while hoping to spend $45,522 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: 79/11/10 Blend
60$782,000$782,000$782,000$782,000
61$865,566$824,120$811,999$932,220
62$905,419$816,067$790,766$968,457
63$947,811$806,093$767,296$1,001,923
64$992,953$794,058$741,466$1,037,305
65$1,041,076$779,808$713,147$1,074,774
66$1,092,434$763,187$682,205$1,114,519
67$1,147,302$744,023$648,499$1,156,746
68$1,205,986$722,139$611,883$1,201,684
69$1,268,818$697,345$572,202$1,249,586
70$1,336,163$669,441$529,296$1,300,730
71$1,408,421$638,213$482,998$1,355,424
72$1,486,033$603,439$433,131$1,414,005
73$1,569,481$564,880$379,514$1,476,849
74$1,659,295$522,286$321,954$1,544,367
75$1,756,056$475,391$260,253$1,617,015
76$1,860,404$423,915$194,201$1,695,295
77$1,973,039$367,561$123,581$1,779,763
78$2,094,734$306,016$48,166$1,871,029
79$2,226,336$238,950$0$1,969,770
80$2,368,777$166,013$0$2,080,178
81$2,523,080$86,835$0$2,205,338
82$2,690,371$1,028$0$2,341,038
83$2,871,890$0$0$2,488,311
84$3,068,996$0$0$2,659,405
85$3,283,190$0$0$2,845,487
86$3,516,117$0$0$3,047,866
87$3,769,591$0$0$3,268,120
88$4,045,607$0$0$3,507,985
89$4,346,359$0$0$3,769,371
90$4,674,263$0$0$4,054,382
91$5,031,978$0$0$4,365,330
92$5,422,429$0$0$4,704,764
93$5,848,837$0$0$5,075,486
94$6,314,748$0$0$5,480,582
95$6,824,067$0$0$5,923,452
96$7,381,090$0$0$6,407,836
97$7,990,550$0$0$6,937,853
98$8,657,658$0$0$7,518,039
99$9,388,150$0$0$8,153,388
100$10,188,347$0$0$8,849,401