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%11.5%
1 years$64,577$64,002$63,440$62,893$62,358$61,965
2 years$31,969$31,373$30,796$30,237$29,694$29,298
3 years$21,101$20,503$19,927$19,373$18,839$18,452
4 years$15,668$15,072$14,502$13,957$13,436$13,061
5 years$12,409$11,816$11,254$10,720$10,214$9,851
6 years$10,237$9,649$9,095$8,573$8,082$7,733
7 years$8,686$8,103$7,558$7,049$6,573$6,237
8 years$7,524$6,946$6,410$5,913$5,453$5,131
9 years$6,620$6,048$5,521$5,036$4,592$4,283
10 years$5,898$5,331$4,813$4,341$3,913$3,617
11 years$5,307$4,746$4,237$3,778$3,365$3,083
12 years$4,815$4,259$3,761$3,314$2,916$2,647
13 years$4,399$3,849$3,360$2,926$2,543$2,286
14 years$4,043$3,499$3,019$2,597$2,229$1,985
15 years$3,734$3,196$2,726$2,316$1,963$1,730
16 years$3,465$2,933$2,471$2,074$1,735$1,514
17 years$3,227$2,701$2,249$1,863$1,538$1,329
18 years$3,016$2,496$2,053$1,679$1,368$1,169
19 years$2,827$2,313$1,879$1,517$1,219$1,031
20 years$2,658$2,149$1,725$1,374$1,089$911
21 years$2,505$2,002$1,586$1,247$974$807
22 years$2,366$1,869$1,462$1,134$873$715
23 years$2,239$1,748$1,350$1,033$784$635
24 years$2,123$1,638$1,248$942$705$564
25 years$2,016$1,537$1,156$860$634$502
26 years$1,918$1,444$1,072$787$571$447
27 years$1,827$1,359$996$720$515$398
28 years$1,743$1,281$926$660$465$355
29 years$1,665$1,208$861$605$420$317
30 years$1,592$1,141$802$555$379$283
31 years$1,524$1,079$748$510$343$253
32 years$1,460$1,021$698$469$310$226
33 years$1,400$967$652$431$281$202
34 years$1,344$916$609$396$254$180
35 years$1,292$869$569$365$230$161
36 years$1,242$825$533$336$208$144
37 years$1,195$783$498$310$189$129
38 years$1,151$744$467$285$171$116
39 years$1,109$708$437$263$155$104
40 years$1,069$674$410$243$141$93
41 years$1,031$641$384$224$128$83
42 years$996$611$361$207$116$74
43 years$962$582$338$191$105$67
44 years$929$555$318$176$96$60
45 years$898$529$298$163$87$54
46 years$869$504$280$150$79$48
47 years$841$481$263$139$72$43
48 years$814$460$247$128$65$39
49 years$788$439$232$119$59$35
50 years$764$419$219$110$54$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $782,000, adding $6,757 every year, while hoping to spend $24,364 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: 40/41/19 Blend
60$782,000$782,000$782,000$782,000
61$868,734$827,288$815,167$898,348
62$931,422$841,902$816,552$934,750
63$999,687$856,415$817,167$971,259
64$1,074,073$870,798$816,960$1,010,250
65$1,155,178$885,016$815,877$1,051,962
66$1,243,659$899,035$813,862$1,096,658
67$1,340,240$912,816$810,855$1,144,630
68$1,445,720$926,319$806,793$1,196,200
69$1,560,975$939,500$801,612$1,251,722
70$1,686,971$952,312$795,243$1,311,589
71$1,824,772$964,706$787,614$1,376,235
72$1,975,550$976,627$778,650$1,446,137
73$2,140,594$988,019$768,272$1,521,825
74$2,321,323$998,821$756,398$1,603,882
75$2,519,302$1,008,967$742,941$1,692,952
76$2,736,252$1,018,389$727,812$1,789,747
77$2,974,071$1,027,011$710,915$1,895,053
78$3,234,848$1,034,756$692,152$2,009,737
79$3,520,882$1,041,539$671,419$2,134,757
80$3,834,708$1,047,270$648,607$2,271,171
81$4,179,118$1,051,856$623,605$2,420,145
82$4,557,185$1,055,194$596,293$2,582,969
83$4,972,297$1,057,177$566,548$2,761,064
84$5,428,184$1,057,692$534,240$2,956,002
85$5,928,956$1,056,616$499,234$3,169,514
86$6,479,140$1,053,821$461,389$3,403,513
87$7,083,724$1,049,170$420,557$3,660,111
88$7,748,203$1,042,518$376,585$3,941,637
89$8,478,629$1,033,711$329,310$4,250,661
90$9,281,672$1,022,586$278,565$4,590,020
91$10,164,680$1,008,969$224,174$4,962,844
92$11,135,747$992,679$165,954$5,372,587
93$12,203,793$973,520$103,713$5,823,059
94$13,378,644$951,286$37,251$6,318,463
95$14,671,126$925,760$0$6,863,438
96$16,093,169$896,710$0$7,469,928
97$17,657,917$863,893$0$8,145,252
98$19,379,851$827,051$0$8,888,123
99$21,274,929$785,909$0$9,705,456
100$23,360,731$740,178$0$10,604,878