Can I retire at age 61 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$59,952$59,418$58,897$58,389$57,892$56,197
2 years$29,679$29,127$28,591$28,072$27,568$25,873
3 years$19,590$19,035$18,500$17,986$17,490$15,850
4 years$14,546$13,992$13,463$12,958$12,474$10,901
5 years$11,520$10,970$10,448$9,953$9,483$7,980
6 years$9,504$8,958$8,444$7,959$7,503$6,073
7 years$8,064$7,523$7,017$6,544$6,102$4,744
8 years$6,985$6,449$5,951$5,489$5,062$3,776
9 years$6,146$5,615$5,125$4,676$4,263$3,047
10 years$5,475$4,949$4,468$4,031$3,632$2,485
11 years$4,927$4,406$3,934$3,508$3,124$2,043
12 years$4,470$3,954$3,491$3,077$2,707$1,691
13 years$4,084$3,574$3,119$2,716$2,361$1,407
14 years$3,753$3,248$2,803$2,411$2,069$1,175
15 years$3,467$2,967$2,530$2,150$1,822$985
16 years$3,216$2,723$2,294$1,925$1,610$828
17 years$2,996$2,507$2,088$1,730$1,428$698
18 years$2,800$2,317$1,906$1,559$1,270$589
19 years$2,625$2,147$1,745$1,409$1,132$498
20 years$2,467$1,995$1,601$1,276$1,011$422
21 years$2,325$1,859$1,473$1,158$905$358
22 years$2,196$1,735$1,357$1,053$811$304
23 years$2,078$1,623$1,253$959$728$258
24 years$1,971$1,520$1,159$875$654$219
25 years$1,872$1,427$1,074$799$589$186
26 years$1,781$1,341$996$730$530$159
27 years$1,696$1,262$925$668$478$135
28 years$1,618$1,189$859$612$431$115
29 years$1,545$1,122$800$562$390$98
30 years$1,478$1,059$745$515$352$83
31 years$1,415$1,002$695$473$318$71
32 years$1,356$948$648$435$288$61
33 years$1,300$897$605$400$260$52
34 years$1,248$851$565$368$236$44
35 years$1,199$807$529$339$214$38
36 years$1,153$766$494$312$194$32
37 years$1,110$727$463$288$175$27
38 years$1,068$691$433$265$159$23
39 years$1,029$657$406$244$144$20
40 years$993$625$381$225$131$17
41 years$958$595$357$208$119$14
42 years$924$567$335$192$108$12
43 years$893$540$314$177$98$11
44 years$863$515$295$164$89$9
45 years$834$491$277$151$81$8
46 years$807$468$260$140$73$7
47 years$780$447$244$129$66$6
48 years$756$427$230$119$60$5
49 years$732$407$216$110$55$4
50 years$709$389$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $726,000, adding $5,638 every year, while hoping to spend $32,101 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: 51/31/18 Blend
60$726,000$726,000$726,000$726,000
61$805,868$767,390$756,137$842,699
62$853,911$770,836$747,312$872,107
63$905,779$773,376$737,116$900,266
64$961,827$774,931$725,468$930,186
65$1,022,448$775,417$712,286$962,046
66$1,088,071$774,746$697,481$996,042
67$1,159,170$772,824$680,962$1,032,392
68$1,236,265$769,552$662,634$1,071,339
69$1,319,927$764,823$642,395$1,113,151
70$1,410,786$758,526$620,142$1,158,126
71$1,509,534$750,541$595,764$1,206,594
72$1,616,932$740,743$569,148$1,258,920
73$1,733,817$728,998$540,173$1,315,510
74$1,861,111$715,164$508,713$1,376,811
75$1,999,829$699,091$474,639$1,443,322
76$2,151,085$680,620$437,814$1,515,592
77$2,316,109$659,583$398,093$1,594,230
78$2,496,252$635,803$355,329$1,679,911
79$2,693,002$609,090$309,365$1,773,380
80$2,907,998$579,245$260,039$1,875,464
81$3,143,043$546,057$207,180$1,987,076
82$3,400,124$509,304$150,610$2,109,228
83$3,681,426$468,750$90,145$2,243,035
84$3,989,357$424,144$25,591$2,389,736
85$4,326,569$375,225$0$2,550,696
86$4,695,980$321,712$0$2,735,743
87$5,100,807$263,313$0$2,944,018
88$5,544,590$199,716$0$3,172,488
89$6,031,230$130,593$0$3,423,239
90$6,565,021$55,598$0$3,698,572
91$7,150,694$0$0$4,001,027
92$7,793,462$0$0$4,342,151
93$8,499,064$0$0$4,737,518
94$9,273,823$0$0$5,171,716
95$10,124,705$0$0$5,648,658
96$11,059,383$0$0$6,172,654
97$12,086,311$0$0$6,748,455
98$13,214,799$0$0$7,381,293
99$14,455,106$0$0$8,076,932
100$15,818,536$0$0$8,841,722