Can I retire at age 61 with 786,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$64,907$64,329$63,765$63,214$62,677$61,638
2 years$32,132$31,534$30,954$30,392$29,846$28,803
3 years$21,209$20,608$20,029$19,472$18,936$17,920
4 years$15,748$15,149$14,576$14,029$13,505$12,525
5 years$12,472$11,877$11,312$10,775$10,266$9,325
6 years$10,289$9,698$9,142$8,617$8,123$7,221
7 years$8,731$8,145$7,597$7,085$6,606$5,744
8 years$7,562$6,981$6,443$5,943$5,481$4,658
9 years$6,654$6,079$5,549$5,062$4,616$3,832
10 years$5,928$5,358$4,838$4,364$3,933$3,188
11 years$5,334$4,770$4,259$3,798$3,382$2,675
12 years$4,839$4,281$3,780$3,331$2,931$2,260
13 years$4,421$3,869$3,377$2,941$2,556$1,921
14 years$4,063$3,517$3,034$2,611$2,240$1,640
15 years$3,753$3,213$2,740$2,328$1,973$1,406
16 years$3,482$2,948$2,484$2,085$1,743$1,209
17 years$3,243$2,715$2,260$1,873$1,546$1,043
18 years$3,031$2,508$2,063$1,688$1,375$901
19 years$2,842$2,325$1,889$1,525$1,225$781
20 years$2,671$2,160$1,733$1,381$1,094$677
21 years$2,517$2,012$1,594$1,254$979$588
22 years$2,378$1,878$1,469$1,140$878$512
23 years$2,250$1,757$1,357$1,038$788$446
24 years$2,134$1,646$1,255$947$708$388
25 years$2,026$1,545$1,162$865$637$339
26 years$1,928$1,452$1,078$791$574$296
27 years$1,836$1,366$1,001$724$518$258
28 years$1,752$1,287$930$663$467$226
29 years$1,673$1,215$866$608$422$197
30 years$1,600$1,147$807$558$381$173
31 years$1,532$1,084$752$512$344$151
32 years$1,468$1,026$702$471$312$132
33 years$1,408$972$655$433$282$116
34 years$1,351$921$612$399$255$101
35 years$1,298$873$572$367$231$89
36 years$1,248$829$535$338$210$78
37 years$1,201$787$501$311$190$68
38 years$1,157$748$469$287$172$60
39 years$1,115$712$440$265$156$52
40 years$1,075$677$412$244$142$46
41 years$1,037$644$386$225$128$40
42 years$1,001$614$362$208$117$35
43 years$966$585$340$192$106$31
44 years$934$557$319$177$96$27
45 years$903$532$300$164$87$24
46 years$873$507$282$151$79$21
47 years$845$484$264$140$72$18
48 years$818$462$249$129$65$16
49 years$792$441$234$119$59$14
50 years$767$421$220$110$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $786,000, adding $5,281 every year, while hoping to spend $25,359 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: 77/15/8 Blend
60$786,000$786,000$786,000$786,000
61$871,619$829,961$817,778$937,330
62$933,543$843,648$818,192$994,934
63$1,000,932$857,155$817,770$1,054,283
64$1,074,319$870,447$816,457$1,118,615
65$1,154,287$883,486$814,195$1,188,416
66$1,241,479$896,231$810,925$1,264,219
67$1,336,602$908,639$806,584$1,346,613
68$1,440,435$920,662$801,104$1,436,247
69$1,553,835$932,251$794,417$1,533,833
70$1,677,747$943,351$786,450$1,640,158
71$1,813,208$953,906$777,127$1,756,088
72$1,961,362$963,854$766,368$1,882,579
73$2,123,469$973,132$754,089$2,020,680
74$2,300,916$981,668$740,204$2,171,552
75$2,495,229$989,389$724,621$2,336,470
76$2,708,090$996,217$707,243$2,516,841
77$2,941,350$1,002,067$687,971$2,714,215
78$3,197,050$1,006,850$666,700$2,930,301
79$3,477,436$1,010,472$643,321$3,166,980
80$3,784,980$1,012,832$617,719$3,426,326
81$4,122,409$1,013,821$589,773$3,710,624
82$4,492,723$1,013,327$559,359$4,022,394
83$4,899,230$1,011,228$526,346$4,364,411
84$5,345,569$1,007,397$490,597$4,739,734
85$5,835,754$1,001,696$451,968$5,151,733
86$6,374,203$993,981$410,311$5,604,124
87$6,965,784$984,099$365,470$6,101,001
88$7,615,862$971,887$317,280$6,646,875
89$8,330,344$957,174$265,573$7,246,720
90$9,115,739$939,776$210,170$7,906,015
91$9,979,219$919,499$150,886$8,630,800
92$10,928,685$896,141$87,526$9,427,730
93$11,972,842$869,482$19,889$10,304,143
94$13,121,279$839,294$0$11,268,121
95$14,384,564$805,334$0$12,333,040
96$15,774,339$767,345$0$13,506,356
97$17,303,432$725,055$0$14,797,212
98$18,985,975$678,176$0$16,217,555
99$20,837,542$626,404$0$17,780,553
100$22,875,291$569,417$0$19,500,714