Can I retire at age 61 with 786,000?

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 $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%15.7%
1 years$64,907$64,329$63,765$63,214$62,677$61,211
2 years$32,132$31,534$30,954$30,392$29,846$28,378
3 years$21,209$20,608$20,029$19,472$18,936$17,511
4 years$15,748$15,149$14,576$14,029$13,505$12,134
5 years$12,472$11,877$11,312$10,775$10,266$8,954
6 years$10,289$9,698$9,142$8,617$8,123$6,870
7 years$8,731$8,145$7,597$7,085$6,606$5,413
8 years$7,562$6,981$6,443$5,943$5,481$4,346
9 years$6,654$6,079$5,549$5,062$4,616$3,539
10 years$5,928$5,358$4,838$4,364$3,933$2,913
11 years$5,334$4,770$4,259$3,798$3,382$2,419
12 years$4,839$4,281$3,780$3,331$2,931$2,021
13 years$4,421$3,869$3,377$2,941$2,556$1,699
14 years$4,063$3,517$3,034$2,611$2,240$1,434
15 years$3,753$3,213$2,740$2,328$1,973$1,215
16 years$3,482$2,948$2,484$2,085$1,743$1,032
17 years$3,243$2,715$2,260$1,873$1,546$879
18 years$3,031$2,508$2,063$1,688$1,375$751
19 years$2,842$2,325$1,889$1,525$1,225$642
20 years$2,671$2,160$1,733$1,381$1,094$550
21 years$2,517$2,012$1,594$1,254$979$472
22 years$2,378$1,878$1,469$1,140$878$405
23 years$2,250$1,757$1,357$1,038$788$348
24 years$2,134$1,646$1,255$947$708$299
25 years$2,026$1,545$1,162$865$637$258
26 years$1,928$1,452$1,078$791$574$222
27 years$1,836$1,366$1,001$724$518$191
28 years$1,752$1,287$930$663$467$165
29 years$1,673$1,215$866$608$422$142
30 years$1,600$1,147$807$558$381$123
31 years$1,532$1,084$752$512$344$106
32 years$1,468$1,026$702$471$312$91
33 years$1,408$972$655$433$282$79
34 years$1,351$921$612$399$255$68
35 years$1,298$873$572$367$231$59
36 years$1,248$829$535$338$210$51
37 years$1,201$787$501$311$190$44
38 years$1,157$748$469$287$172$38
39 years$1,115$712$440$265$156$33
40 years$1,075$677$412$244$142$28
41 years$1,037$644$386$225$128$24
42 years$1,001$614$362$208$117$21
43 years$966$585$340$192$106$18
44 years$934$557$319$177$96$16
45 years$903$532$300$164$87$14
46 years$873$507$282$151$79$12
47 years$845$484$264$140$72$10
48 years$818$462$249$129$65$9
49 years$792$441$234$119$59$8
50 years$767$421$220$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $786,000, adding $3,654 every year, while hoping to spend $35,496 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: 35/49/16 Blend
60$786,000$786,000$786,000$786,000
61$869,941$828,283$816,100$895,987
62$920,908$831,102$805,672$918,072
63$975,883$832,868$793,705$938,283
64$1,035,239$833,495$780,110$959,330
65$1,099,383$832,886$764,793$981,307
66$1,168,764$830,941$747,658$1,004,319
67$1,243,876$827,555$728,602$1,028,486
68$1,325,259$822,613$707,518$1,053,939
69$1,413,511$815,997$684,295$1,080,830
70$1,509,286$807,577$658,816$1,109,326
71$1,613,306$797,221$630,959$1,139,616
72$1,726,362$784,785$600,596$1,171,911
73$1,849,329$770,116$567,593$1,206,448
74$1,983,164$753,056$531,812$1,243,491
75$2,128,925$733,434$493,105$1,283,336
76$2,287,773$711,070$451,322$1,326,315
77$2,460,987$685,773$406,302$1,372,796
78$2,649,974$657,342$357,880$1,423,191
79$2,856,284$625,565$305,881$1,477,959
80$3,081,622$590,214$250,125$1,537,613
81$3,327,865$551,053$190,422$1,602,723
82$3,597,081$507,828$126,575$1,673,922
83$3,891,544$460,272$58,376$1,751,920
84$4,213,761$408,105$0$1,837,500
85$4,566,490$351,028$0$1,933,997
86$4,952,770$288,726$0$2,050,718
87$5,375,946$220,867$0$2,178,805
88$5,839,702$147,099$0$2,319,500
89$6,348,098$67,053$0$2,474,176
90$6,905,601$0$0$2,644,356
91$7,517,134$0$0$2,842,328
92$8,188,119$0$0$3,099,331
93$8,924,529$0$0$3,381,511
94$9,732,940$0$0$3,691,404
95$10,620,600$0$0$4,031,802
96$11,595,491$0$0$4,405,784
97$12,666,405$0$0$4,816,738
98$13,843,030$0$0$5,268,398
99$15,136,038$0$0$5,764,879
100$16,557,184$0$0$6,310,713