Can I retire at age 61 with 731,000?

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 $731,000?

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$60,365$59,828$59,303$58,791$58,291$57,325
2 years$29,884$29,327$28,788$28,265$27,758$26,788
3 years$19,725$19,166$18,628$18,110$17,611$16,666
4 years$14,646$14,089$13,556$13,047$12,560$11,649
5 years$11,600$11,046$10,520$10,021$9,548$8,672
6 years$9,569$9,020$8,502$8,014$7,555$6,716
7 years$8,120$7,575$7,065$6,589$6,144$5,342
8 years$7,033$6,493$5,992$5,527$5,097$4,332
9 years$6,188$5,653$5,161$4,708$4,293$3,564
10 years$5,513$4,983$4,499$4,058$3,657$2,964
11 years$4,961$4,436$3,961$3,532$3,146$2,488
12 years$4,501$3,982$3,515$3,098$2,726$2,102
13 years$4,112$3,598$3,141$2,735$2,377$1,786
14 years$3,779$3,271$2,822$2,428$2,084$1,525
15 years$3,491$2,988$2,548$2,165$1,835$1,308
16 years$3,239$2,741$2,310$1,939$1,621$1,124
17 years$3,016$2,525$2,102$1,742$1,438$970
18 years$2,819$2,333$1,919$1,570$1,278$838
19 years$2,643$2,162$1,757$1,418$1,139$726
20 years$2,484$2,009$1,612$1,285$1,018$630
21 years$2,341$1,871$1,483$1,166$911$547
22 years$2,211$1,747$1,367$1,060$816$476
23 years$2,093$1,634$1,262$965$733$415
24 years$1,984$1,531$1,167$881$659$361
25 years$1,885$1,437$1,081$804$593$315
26 years$1,793$1,350$1,002$735$534$275
27 years$1,708$1,271$931$673$481$240
28 years$1,629$1,197$865$617$434$210
29 years$1,556$1,130$805$565$392$184
30 years$1,488$1,067$750$519$354$161
31 years$1,424$1,008$699$477$320$141
32 years$1,365$954$652$438$290$123
33 years$1,309$904$609$403$262$108
34 years$1,257$856$569$371$237$94
35 years$1,207$812$532$341$215$83
36 years$1,161$771$498$314$195$72
37 years$1,117$732$466$290$177$63
38 years$1,076$696$436$267$160$56
39 years$1,037$662$409$246$145$49
40 years$999$630$383$227$132$43
41 years$964$599$359$209$119$37
42 years$931$571$337$193$108$33
43 years$899$544$316$178$98$29
44 years$869$518$297$165$89$25
45 years$840$494$279$152$81$22
46 years$812$472$262$141$74$19
47 years$786$450$246$130$67$17
48 years$761$430$231$120$61$15
49 years$737$410$217$111$55$13
50 years$714$392$204$102$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $731,000, adding $5,233 every year, while hoping to spend $20,647 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: 59/32/9 Blend
60$731,000$731,000$731,000$731,000
61$810,960$772,217$760,886$856,836
62$871,709$788,087$764,408$904,147
63$937,964$804,043$767,355$952,909
64$1,010,262$820,067$769,688$1,005,568
65$1,089,198$836,140$771,362$1,062,500
66$1,175,427$852,241$772,333$1,124,119
67$1,269,667$868,348$772,553$1,190,881
68$1,372,712$884,436$771,972$1,263,289
69$1,485,434$900,478$770,538$1,341,896
70$1,608,793$916,447$768,196$1,427,313
71$1,743,849$932,312$764,890$1,520,211
72$1,891,765$948,039$760,557$1,621,331
73$2,053,825$963,593$755,136$1,731,491
74$2,231,442$978,935$748,560$1,851,589
75$2,426,172$994,026$740,759$1,982,618
76$2,639,728$1,008,820$731,662$2,125,670
77$2,874,000$1,023,271$721,191$2,281,949
78$3,131,064$1,037,329$709,268$2,452,785
79$3,413,213$1,050,938$695,809$2,639,638
80$3,722,969$1,064,042$680,726$2,844,124
81$4,063,110$1,076,579$663,929$3,068,018
82$4,436,699$1,088,482$645,322$3,313,281
83$4,847,106$1,099,682$624,805$3,582,073
84$5,298,048$1,110,104$602,273$3,876,773
85$5,793,617$1,119,667$577,617$4,200,007
86$6,338,322$1,128,286$550,723$4,554,667
87$6,937,130$1,135,871$521,471$4,943,940
88$7,595,514$1,142,326$489,737$5,371,341
89$8,319,503$1,147,546$455,390$5,840,744
90$9,115,740$1,151,424$418,294$6,356,419
91$9,991,545$1,153,843$378,305$6,923,072
92$10,954,980$1,154,679$335,276$7,545,891
93$12,014,931$1,153,801$289,051$8,230,594
94$13,181,188$1,151,071$239,468$8,983,485
95$14,464,535$1,146,340$186,356$9,811,511
96$15,876,858$1,139,451$129,540$10,722,330
97$17,431,252$1,130,238$68,834$11,724,383
98$19,142,145$1,118,525$4,045$12,826,975
99$21,025,436$1,104,125$0$14,040,361
100$23,098,642$1,086,839$0$15,382,096