Can I retire at age 61 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$64,659$64,083$63,522$62,973$62,438$60,150
2 years$32,010$31,413$30,836$30,276$29,732$27,453
3 years$21,128$20,529$19,953$19,398$18,863$16,665
4 years$15,688$15,091$14,520$13,975$13,453$11,352
5 years$12,425$11,832$11,268$10,734$10,227$8,227
6 years$10,250$9,661$9,107$8,584$8,092$6,196
7 years$8,697$8,114$7,568$7,058$6,581$4,788
8 years$7,533$6,955$6,418$5,920$5,460$3,769
9 years$6,629$6,055$5,528$5,043$4,598$3,006
10 years$5,905$5,338$4,819$4,347$3,918$2,422
11 years$5,314$4,752$4,243$3,783$3,369$1,967
12 years$4,821$4,265$3,765$3,318$2,920$1,608
13 years$4,404$3,854$3,364$2,930$2,546$1,320
14 years$4,048$3,503$3,023$2,601$2,232$1,088
15 years$3,739$3,200$2,729$2,319$1,965$900
16 years$3,469$2,936$2,474$2,077$1,737$746
17 years$3,231$2,704$2,252$1,866$1,540$620
18 years$3,020$2,499$2,055$1,682$1,369$516
19 years$2,831$2,316$1,882$1,519$1,220$430
20 years$2,661$2,152$1,727$1,376$1,090$359
21 years$2,508$2,005$1,588$1,249$976$300
22 years$2,369$1,871$1,464$1,136$874$251
23 years$2,242$1,750$1,352$1,034$785$210
24 years$2,125$1,640$1,250$943$706$176
25 years$2,019$1,539$1,158$861$635$147
26 years$1,920$1,446$1,074$788$572$123
27 years$1,829$1,361$997$721$516$103
28 years$1,745$1,283$927$661$465$87
29 years$1,667$1,210$863$606$420$73
30 years$1,594$1,143$803$556$380$61
31 years$1,526$1,080$749$511$343$51
32 years$1,462$1,022$699$469$310$43
33 years$1,402$968$653$431$281$36
34 years$1,346$917$610$397$254$30
35 years$1,293$870$570$365$230$25
36 years$1,244$826$533$337$209$21
37 years$1,197$784$499$310$189$18
38 years$1,152$745$467$286$172$15
39 years$1,110$709$438$264$156$13
40 years$1,070$674$410$243$141$11
41 years$1,033$642$385$224$128$9
42 years$997$611$361$207$116$7
43 years$963$583$339$191$105$6
44 years$930$555$318$176$96$5
45 years$899$529$299$163$87$4
46 years$870$505$280$150$79$4
47 years$842$482$263$139$72$3
48 years$815$460$248$128$65$3
49 years$789$439$233$119$59$2
50 years$764$420$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $783,000, adding $3,847 every year, while hoping to spend $37,598 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: 40/32/28 Blend
60$783,000$783,000$783,000$783,000
61$866,834$825,335$813,199$894,211
62$915,247$825,773$800,437$914,901
63$967,338$824,971$785,987$933,496
64$1,023,443$822,831$769,754$952,896
65$1,083,929$819,245$751,636$973,200
66$1,149,203$814,100$731,528$994,518
67$1,219,707$807,277$709,320$1,016,973
68$1,295,931$798,648$684,897$1,040,706
69$1,378,413$788,078$658,137$1,065,872
70$1,467,742$775,425$628,915$1,092,647
71$1,564,567$760,536$597,100$1,121,230
72$1,669,603$743,252$562,553$1,151,840
73$1,783,634$723,403$525,130$1,184,726
74$1,907,524$700,809$484,681$1,220,163
75$2,042,222$675,280$441,048$1,258,463
76$2,188,773$646,613$394,068$1,299,969
77$2,348,328$614,597$343,569$1,345,068
78$2,522,151$579,005$289,372$1,394,190
79$2,711,633$539,600$231,289$1,447,815
80$2,918,308$496,129$169,126$1,506,477
81$3,143,862$448,325$102,678$1,570,770
82$3,390,150$395,908$31,732$1,641,358
83$3,659,217$338,579$0$1,718,977
84$3,953,312$276,024$0$1,817,585
85$4,274,911$207,910$0$1,935,924
86$4,626,742$133,887$0$2,065,588
87$5,011,806$53,585$0$2,207,776
88$5,433,412$0$0$2,363,813
89$5,895,198$0$0$2,546,921
90$6,401,176$0$0$2,768,328
91$6,955,760$0$0$3,011,110
92$7,563,814$0$0$3,277,408
93$8,230,695$0$0$3,569,582
94$8,962,302$0$0$3,890,231
95$9,765,133$0$0$4,242,218
96$10,646,346$0$0$4,628,696
97$11,613,826$0$0$5,053,138
98$12,676,257$0$0$5,519,372
99$13,843,208$0$0$6,031,612
100$15,125,218$0$0$6,594,502