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%17.4%
1 years$64,907$64,329$63,765$63,214$62,677$60,792
2 years$32,132$31,534$30,954$30,392$29,846$27,963
3 years$21,209$20,608$20,029$19,472$18,936$17,114
4 years$15,748$15,149$14,576$14,029$13,505$11,758
5 years$12,472$11,877$11,312$10,775$10,266$8,599
6 years$10,289$9,698$9,142$8,617$8,123$6,537
7 years$8,731$8,145$7,597$7,085$6,606$5,101
8 years$7,562$6,981$6,443$5,943$5,481$4,055
9 years$6,654$6,079$5,549$5,062$4,616$3,268
10 years$5,928$5,358$4,838$4,364$3,933$2,662
11 years$5,334$4,770$4,259$3,798$3,382$2,186
12 years$4,839$4,281$3,780$3,331$2,931$1,807
13 years$4,421$3,869$3,377$2,941$2,556$1,501
14 years$4,063$3,517$3,034$2,611$2,240$1,252
15 years$3,753$3,213$2,740$2,328$1,973$1,048
16 years$3,482$2,948$2,484$2,085$1,743$880
17 years$3,243$2,715$2,260$1,873$1,546$740
18 years$3,031$2,508$2,063$1,688$1,375$624
19 years$2,842$2,325$1,889$1,525$1,225$527
20 years$2,671$2,160$1,733$1,381$1,094$446
21 years$2,517$2,012$1,594$1,254$979$377
22 years$2,378$1,878$1,469$1,140$878$320
23 years$2,250$1,757$1,357$1,038$788$271
24 years$2,134$1,646$1,255$947$708$230
25 years$2,026$1,545$1,162$865$637$195
26 years$1,928$1,452$1,078$791$574$166
27 years$1,836$1,366$1,001$724$518$141
28 years$1,752$1,287$930$663$467$120
29 years$1,673$1,215$866$608$422$102
30 years$1,600$1,147$807$558$381$87
31 years$1,532$1,084$752$512$344$74
32 years$1,468$1,026$702$471$312$63
33 years$1,408$972$655$433$282$53
34 years$1,351$921$612$399$255$45
35 years$1,298$873$572$367$231$39
36 years$1,248$829$535$338$210$33
37 years$1,201$787$501$311$190$28
38 years$1,157$748$469$287$172$24
39 years$1,115$712$440$265$156$20
40 years$1,075$677$412$244$142$17
41 years$1,037$644$386$225$128$15
42 years$1,001$614$362$208$117$13
43 years$966$585$340$192$106$11
44 years$934$557$319$177$96$9
45 years$903$532$300$164$87$8
46 years$873$507$282$151$79$7
47 years$845$484$264$140$72$6
48 years$818$462$249$129$65$5
49 years$792$441$234$119$59$4
50 years$767$421$220$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $786,000, adding $4,505 every year, while hoping to spend $30,553 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: 79/8/13 Blend
60$786,000$786,000$786,000$786,000
61$870,819$829,161$816,978$937,053
62$927,134$837,282$811,839$989,372
63$988,170$844,776$805,503$1,042,377
64$1,054,375$851,582$797,899$1,099,657
65$1,126,243$857,631$788,951$1,161,627
66$1,204,318$862,854$778,579$1,228,742
67$1,289,197$867,172$766,700$1,301,505
68$1,381,539$870,507$753,227$1,380,472
69$1,482,065$872,771$738,070$1,466,252
70$1,591,573$873,875$721,133$1,559,517
71$1,710,939$873,720$702,316$1,661,010
72$1,841,126$872,203$681,515$1,771,546
73$1,983,196$869,216$658,621$1,892,027
74$2,138,316$864,642$633,519$2,023,444
75$2,307,774$858,359$606,091$2,166,889
76$2,492,983$850,235$576,211$2,323,569
77$2,695,503$840,132$543,750$2,494,810
78$2,917,049$827,903$508,571$2,682,076
79$3,159,511$813,394$470,531$2,886,979
80$3,424,970$796,438$429,482$3,111,298
81$3,715,715$776,862$385,268$3,356,991
82$4,034,271$754,481$337,728$3,626,218
83$4,383,415$729,100$286,690$3,921,358
84$4,766,208$700,510$231,979$4,245,034
85$5,186,020$668,494$173,409$4,600,138
86$5,646,562$632,819$110,787$4,989,856
87$6,151,925$593,240$43,911$5,417,699
88$6,706,611$549,499$0$5,887,540
89$7,315,582$501,320$0$6,407,453
90$7,984,302$448,415$0$6,985,080
91$8,718,791$390,478$0$7,619,538
92$9,525,680$327,184$0$8,316,574
93$10,412,276$258,193$0$9,082,519
94$11,386,627$183,143$0$9,924,349
95$12,457,599$101,653$0$10,849,751
96$13,634,960$13,320$0$11,867,195
97$14,929,472$0$0$12,986,016
98$16,352,993$0$0$14,223,739
99$17,918,586$0$0$15,586,308
100$19,640,643$0$0$17,085,079