Can I retire at age 61 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$60,035$59,500$58,978$58,469$57,972$57,059
2 years$29,720$29,167$28,630$28,110$27,606$26,688
3 years$19,617$19,061$18,526$18,010$17,514$16,620
4 years$14,566$14,012$13,482$12,976$12,491$11,628
5 years$11,536$10,985$10,463$9,966$9,496$8,666
6 years$9,517$8,970$8,455$7,970$7,514$6,719
7 years$8,075$7,533$7,026$6,553$6,111$5,350
8 years$6,995$6,457$5,959$5,497$5,069$4,344
9 years$6,155$5,622$5,132$4,682$4,269$3,578
10 years$5,483$4,956$4,475$4,036$3,637$2,980
11 years$4,934$4,412$3,939$3,513$3,128$2,503
12 years$4,476$3,960$3,496$3,081$2,711$2,118
13 years$4,089$3,579$3,124$2,720$2,364$1,802
14 years$3,758$3,253$2,806$2,415$2,072$1,541
15 years$3,472$2,972$2,534$2,153$1,825$1,323
16 years$3,221$2,726$2,297$1,928$1,613$1,139
17 years$3,000$2,511$2,090$1,732$1,430$984
18 years$2,804$2,320$1,908$1,561$1,271$852
19 years$2,628$2,150$1,747$1,411$1,133$739
20 years$2,471$1,998$1,603$1,278$1,012$642
21 years$2,328$1,861$1,475$1,160$906$558
22 years$2,199$1,737$1,359$1,054$812$487
23 years$2,081$1,625$1,255$960$729$424
24 years$1,973$1,522$1,161$876$655$370
25 years$1,874$1,429$1,075$800$589$324
26 years$1,783$1,343$997$731$531$283
27 years$1,699$1,264$926$669$479$248
28 years$1,620$1,191$861$613$432$217
29 years$1,548$1,123$801$562$390$190
30 years$1,480$1,061$746$516$352$166
31 years$1,417$1,003$695$474$319$146
32 years$1,357$949$649$436$288$128
33 years$1,302$899$606$401$261$112
34 years$1,250$852$566$369$236$98
35 years$1,201$808$529$339$214$86
36 years$1,155$767$495$312$194$76
37 years$1,111$728$463$288$176$66
38 years$1,070$692$434$265$159$58
39 years$1,031$658$407$245$144$51
40 years$994$626$381$226$131$45
41 years$959$596$357$208$119$39
42 years$926$568$335$192$108$35
43 years$894$541$315$177$98$30
44 years$864$516$295$164$89$27
45 years$835$492$277$151$81$24
46 years$808$469$260$140$73$21
47 years$782$448$245$129$66$18
48 years$757$427$230$119$60$16
49 years$733$408$216$110$55$14
50 years$710$390$203$102$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $727,000, adding $3,743 every year, while hoping to spend $24,265 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: 60/28/12 Blend
60$727,000$727,000$727,000$727,000
61$805,015$766,484$755,215$850,765
62$861,309$778,224$754,697$893,713
63$922,531$789,726$753,349$937,468
64$989,159$800,952$751,116$984,610
65$1,061,718$811,864$747,943$1,035,466
66$1,140,786$822,417$743,771$1,090,398
67$1,226,998$832,567$738,539$1,149,806
68$1,321,053$842,265$732,182$1,214,131
69$1,423,723$851,458$724,633$1,283,857
70$1,535,855$860,092$715,820$1,359,521
71$1,658,381$868,106$705,669$1,441,713
72$1,792,331$875,437$694,104$1,531,084
73$1,938,834$882,019$681,042$1,628,353
74$2,099,136$887,780$666,398$1,734,311
75$2,274,610$892,643$650,084$1,849,833
76$2,466,765$896,527$632,006$1,975,880
77$2,677,264$899,346$612,068$2,113,517
78$2,907,939$901,008$590,166$2,263,913
79$3,160,807$901,415$566,195$2,428,362
80$3,438,090$900,465$540,043$2,608,287
81$3,742,234$898,047$511,593$2,805,261
82$4,075,935$894,044$480,725$3,021,016
83$4,442,161$888,334$447,310$3,257,463
84$4,844,183$880,783$411,216$3,516,708
85$5,285,601$871,253$372,304$3,801,077
86$5,770,385$859,597$330,428$4,113,130
87$6,302,905$845,658$285,438$4,455,693
88$6,887,976$829,270$237,175$4,831,882
89$7,530,902$810,257$185,473$5,245,132
90$8,237,529$788,434$130,161$5,699,232
91$9,014,293$763,603$71,058$6,198,358
92$9,868,288$735,557$7,975$6,747,116
93$10,807,328$704,074$0$7,350,584
94$11,840,023$668,922$0$8,021,959
95$12,975,860$629,853$0$8,761,400
96$14,225,288$586,606$0$9,574,718
97$15,599,824$538,906$0$10,469,445
98$17,112,154$486,461$0$11,453,885
99$18,776,258$428,962$0$12,537,190
100$20,607,539$366,083$0$13,729,449