Can I retire at age 61 with 784,000?

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 $784,000?

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$64,742$64,165$63,603$63,053$62,517$60,227
2 years$32,050$31,454$30,875$30,314$29,770$27,488
3 years$21,155$20,555$19,978$19,423$18,887$16,686
4 years$15,708$15,110$14,539$13,993$13,471$11,366
5 years$12,441$11,847$11,283$10,748$10,240$8,238
6 years$10,263$9,674$9,118$8,595$8,103$6,204
7 years$8,709$8,124$7,577$7,067$6,590$4,795
8 years$7,543$6,964$6,426$5,928$5,467$3,773
9 years$6,637$6,063$5,535$5,049$4,604$3,010
10 years$5,913$5,344$4,825$4,353$3,923$2,425
11 years$5,320$4,758$4,248$3,788$3,374$1,970
12 years$4,827$4,270$3,770$3,323$2,924$1,610
13 years$4,410$3,859$3,368$2,933$2,549$1,322
14 years$4,053$3,508$3,027$2,604$2,235$1,090
15 years$3,744$3,204$2,733$2,322$1,968$901
16 years$3,473$2,940$2,477$2,079$1,739$747
17 years$3,235$2,708$2,254$1,868$1,542$621
18 years$3,024$2,502$2,058$1,684$1,371$517
19 years$2,835$2,319$1,884$1,521$1,222$431
20 years$2,665$2,155$1,729$1,378$1,092$360
21 years$2,511$2,007$1,590$1,250$977$301
22 years$2,372$1,874$1,466$1,137$876$251
23 years$2,244$1,752$1,353$1,035$786$210
24 years$2,128$1,642$1,252$944$706$176
25 years$2,021$1,541$1,159$862$636$147
26 years$1,923$1,448$1,075$789$573$124
27 years$1,832$1,363$998$722$516$104
28 years$1,747$1,284$928$661$466$87
29 years$1,669$1,211$864$606$421$73
30 years$1,596$1,144$805$557$380$61
31 years$1,528$1,082$750$511$344$51
32 years$1,464$1,023$700$470$311$43
33 years$1,404$969$653$432$281$36
34 years$1,348$919$610$397$255$30
35 years$1,295$871$571$366$231$25
36 years$1,245$827$534$337$209$21
37 years$1,198$785$500$311$189$18
38 years$1,154$746$468$286$172$15
39 years$1,112$710$438$264$156$13
40 years$1,072$675$411$243$141$11
41 years$1,034$643$385$225$128$9
42 years$998$612$361$207$116$7
43 years$964$583$339$191$106$6
44 years$932$556$318$177$96$5
45 years$901$530$299$163$87$4
46 years$871$506$281$151$79$4
47 years$843$483$264$139$72$3
48 years$816$461$248$129$65$3
49 years$790$440$233$119$59$2
50 years$765$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 $784,000, adding $3,918 every year, while hoping to spend $34,663 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: 79/15/6 Blend
60$784,000$784,000$784,000$784,000
61$868,009$826,457$814,305$935,846
62$919,665$830,073$804,703$984,471
63$975,428$832,703$793,618$1,032,848
64$1,035,681$834,264$780,963$1,084,871
65$1,100,843$834,666$766,648$1,140,887
66$1,171,376$833,812$750,578$1,201,276
67$1,247,789$831,602$732,655$1,266,458
68$1,330,639$827,926$712,775$1,336,897
69$1,420,541$822,671$690,829$1,413,101
70$1,518,169$815,714$666,705$1,495,634
71$1,624,266$806,928$640,283$1,585,113
72$1,739,649$796,176$611,441$1,682,221
73$1,865,218$783,313$580,048$1,787,710
74$2,001,960$768,185$545,970$1,902,408
75$2,150,964$750,630$509,064$2,027,229
76$2,313,428$730,477$469,184$2,163,180
77$2,490,670$707,543$426,174$2,311,368
78$2,684,141$681,635$379,873$2,473,019
79$2,895,437$652,549$330,113$2,649,479
80$3,126,318$620,070$276,717$2,842,234
81$3,378,718$583,969$219,503$3,052,923
82$3,654,768$544,004$158,278$3,283,350
83$3,956,816$499,922$92,841$3,535,507
84$4,287,444$451,451$22,984$3,811,587
85$4,649,497$398,306$0$4,114,008
86$5,046,110$340,187$0$4,448,739
87$5,480,731$276,774$0$4,817,202
88$5,957,161$207,731$0$5,221,178
89$6,479,584$132,703$0$5,664,257
90$7,052,611$51,315$0$6,150,391
91$7,681,318$0$0$6,683,939
92$8,371,297$0$0$7,275,781
93$9,128,709$0$0$7,934,788
94$9,960,338$0$0$8,658,394
95$10,873,659$0$0$9,453,107
96$11,876,906$0$0$10,326,095
97$12,979,149$0$0$11,285,255
98$14,190,381$0$0$12,339,284
99$15,521,610$0$0$13,497,766
100$16,984,965$0$0$14,771,260