Can I retire at age 61 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$64,825$64,247$63,684$63,134$62,597$60,352
2 years$32,091$31,494$30,914$30,353$29,808$27,571
3 years$21,182$20,581$20,004$19,447$18,911$16,752
4 years$15,728$15,130$14,558$14,011$13,488$11,422
5 years$12,457$11,862$11,297$10,762$10,253$8,288
6 years$10,276$9,686$9,130$8,606$8,113$6,249
7 years$8,720$8,134$7,587$7,076$6,598$4,834
8 years$7,553$6,973$6,434$5,936$5,474$3,809
9 years$6,646$6,071$5,542$5,056$4,610$3,042
10 years$5,920$5,351$4,832$4,358$3,928$2,455
11 years$5,327$4,764$4,254$3,793$3,378$1,996
12 years$4,833$4,276$3,775$3,327$2,927$1,633
13 years$4,416$3,864$3,373$2,937$2,553$1,343
14 years$4,058$3,512$3,030$2,607$2,238$1,109
15 years$3,749$3,209$2,736$2,325$1,970$918
16 years$3,478$2,944$2,481$2,082$1,741$763
17 years$3,239$2,711$2,257$1,871$1,544$635
18 years$3,027$2,505$2,061$1,686$1,373$529
19 years$2,838$2,322$1,886$1,523$1,224$442
20 years$2,668$2,158$1,731$1,380$1,093$369
21 years$2,514$2,010$1,592$1,252$978$309
22 years$2,375$1,876$1,468$1,138$877$259
23 years$2,247$1,755$1,355$1,037$787$217
24 years$2,131$1,644$1,253$946$707$182
25 years$2,024$1,543$1,161$864$636$153
26 years$1,925$1,450$1,077$790$573$128
27 years$1,834$1,365$1,000$723$517$107
28 years$1,750$1,286$929$662$466$90
29 years$1,671$1,213$865$607$421$76
30 years$1,598$1,146$806$557$381$64
31 years$1,530$1,083$751$512$344$54
32 years$1,466$1,025$701$470$311$45
33 years$1,406$970$654$433$282$38
34 years$1,350$920$611$398$255$32
35 years$1,297$872$571$366$231$27
36 years$1,247$828$535$337$209$22
37 years$1,200$786$500$311$190$19
38 years$1,155$747$469$287$172$16
39 years$1,113$711$439$264$156$13
40 years$1,073$676$411$244$141$11
41 years$1,035$644$386$225$128$9
42 years$999$613$362$208$116$8
43 years$965$584$340$192$106$7
44 years$933$557$319$177$96$6
45 years$902$531$299$163$87$5
46 years$872$506$281$151$79$4
47 years$844$483$264$139$72$3
48 years$817$461$248$129$65$3
49 years$791$441$233$119$59$2
50 years$766$421$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 $785,000, adding $3,722 every year, while hoping to spend $49,573 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: 62/22/16 Blend
60$785,000$785,000$785,000$785,000
61$868,909$827,304$815,137$919,085
62$904,793$815,097$789,699$941,070
63$942,675$800,630$761,747$959,124
64$982,707$783,740$731,145$977,653
65$1,025,055$764,255$697,750$996,708
66$1,069,899$741,992$661,412$1,016,345
67$1,117,435$716,756$621,977$1,036,629
68$1,167,881$688,345$579,280$1,057,632
69$1,221,470$656,539$533,152$1,079,438
70$1,278,462$621,111$483,414$1,102,140
71$1,339,137$581,818$429,880$1,125,844
72$1,403,805$538,402$372,357$1,150,670
73$1,472,803$490,594$310,641$1,176,754
74$1,546,502$438,106$244,520$1,204,247
75$1,625,307$380,636$173,774$1,233,319
76$1,709,665$317,863$98,172$1,264,165
77$1,800,061$249,449$17,471$1,296,998
78$1,897,033$175,038$0$1,332,061
79$2,001,167$94,251$0$1,381,345
80$2,113,107$6,691$0$1,437,378
81$2,233,562$0$0$1,497,560
82$2,363,308$0$0$1,583,640
83$2,503,199$0$0$1,678,240
84$2,654,172$0$0$1,780,381
85$2,817,257$0$0$1,890,766
86$2,993,586$0$0$2,010,167
87$3,184,402$0$0$2,139,433
88$3,391,075$0$0$2,279,497
89$3,615,107$0$0$2,431,386
90$3,858,152$0$0$2,596,228
91$4,122,028$0$0$2,775,264
92$4,408,735$0$0$2,969,861
93$4,720,473$0$0$3,181,518
94$5,059,663$0$0$3,411,890
95$5,428,968$0$0$3,662,794
96$5,831,319$0$0$3,936,232
97$6,269,940$0$0$4,234,405
98$6,748,382$0$0$4,559,736
99$7,270,549$0$0$4,914,895
100$7,840,744$0$0$5,302,817