Can I retire at age 61 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$60,448$59,909$59,384$58,871$58,371$57,882
2 years$29,925$29,367$28,827$28,304$27,796$27,303
3 years$19,752$19,192$18,653$18,134$17,635$17,153
4 years$14,666$14,108$13,575$13,065$12,577$12,111
5 years$11,616$11,061$10,535$10,035$9,561$9,111
6 years$9,583$9,032$8,513$8,025$7,565$7,133
7 years$8,131$7,585$7,075$6,598$6,153$5,737
8 years$7,043$6,502$6,000$5,535$5,104$4,706
9 years$6,197$5,661$5,168$4,714$4,298$3,917
10 years$5,520$4,990$4,505$4,064$3,662$3,298
11 years$4,967$4,442$3,966$3,537$3,150$2,802
12 years$4,507$3,987$3,520$3,102$2,730$2,398
13 years$4,118$3,603$3,145$2,739$2,380$2,065
14 years$3,784$3,275$2,826$2,431$2,087$1,787
15 years$3,495$2,992$2,551$2,168$1,837$1,553
16 years$3,243$2,745$2,313$1,941$1,624$1,354
17 years$3,021$2,528$2,105$1,744$1,440$1,184
18 years$2,823$2,336$1,921$1,572$1,280$1,038
19 years$2,647$2,165$1,759$1,420$1,141$912
20 years$2,488$2,012$1,614$1,286$1,019$803
21 years$2,344$1,874$1,485$1,168$912$708
22 years$2,214$1,749$1,369$1,062$817$626
23 years$2,096$1,636$1,264$967$734$553
24 years$1,987$1,533$1,169$882$660$490
25 years$1,887$1,439$1,082$805$594$434
26 years$1,795$1,352$1,004$736$535$385
27 years$1,710$1,272$932$674$482$342
28 years$1,631$1,199$867$617$435$304
29 years$1,558$1,131$806$566$393$270
30 years$1,490$1,068$751$520$355$240
31 years$1,426$1,010$700$477$321$213
32 years$1,367$955$653$439$290$190
33 years$1,311$905$610$403$263$169
34 years$1,258$858$570$371$238$151
35 years$1,209$813$533$342$215$134
36 years$1,163$772$499$315$195$119
37 years$1,119$733$467$290$177$106
38 years$1,077$697$437$267$160$95
39 years$1,038$663$409$246$145$85
40 years$1,001$630$384$227$132$75
41 years$965$600$360$210$120$67
42 years$932$572$338$194$109$60
43 years$900$545$317$179$99$54
44 years$870$519$297$165$89$48
45 years$841$495$279$152$81$43
46 years$813$472$262$141$74$38
47 years$787$451$246$130$67$34
48 years$762$430$231$120$61$30
49 years$738$411$218$111$55$27
50 years$715$392$205$103$50$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $732,000, adding $6,004 every year, while hoping to spend $36,757 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: 67/16/17 Blend
60$732,000$732,000$732,000$732,000
61$812,857$774,061$762,715$863,582
62$856,659$772,881$749,157$897,051
63$903,698$770,411$733,913$928,790
64$954,263$766,549$716,887$962,588
65$1,008,675$761,188$697,980$998,649
66$1,067,285$754,211$677,088$1,037,192
67$1,130,479$745,498$654,101$1,078,464
68$1,198,680$734,920$628,905$1,122,735
69$1,272,353$722,339$601,382$1,170,305
70$1,352,011$707,611$571,405$1,221,506
71$1,438,215$690,583$538,846$1,276,705
72$1,531,583$671,091$503,568$1,336,306
73$1,632,794$648,965$465,427$1,400,757
74$1,742,597$624,022$424,277$1,470,554
75$1,861,812$596,069$379,960$1,546,243
76$1,991,343$564,902$332,315$1,628,430
77$2,132,184$530,307$281,172$1,717,783
78$2,285,430$492,055$226,354$1,815,040
79$2,452,283$449,905$167,676$1,921,016
80$2,634,068$403,603$104,945$2,036,613
81$2,832,243$352,878$37,960$2,162,827
82$3,048,410$297,448$0$2,300,757
83$3,284,335$237,010$0$2,457,698
84$3,541,962$171,249$0$2,636,656
85$3,823,430$99,828$0$2,832,258
86$4,131,093$22,392$0$3,046,186
87$4,467,545$0$0$3,280,289
88$4,835,640$0$0$3,547,426
89$5,238,521$0$0$3,844,167
90$5,679,650$0$0$4,169,126
91$6,162,838$0$0$4,525,115
92$6,692,283$0$0$4,915,233
93$7,272,608$0$0$5,342,893
94$7,908,904$0$0$5,811,852
95$8,606,778$0$0$6,326,251
96$9,372,408$0$0$6,890,649
97$10,212,595$0$0$7,510,068
98$11,134,834$0$0$8,190,039
99$12,147,379$0$0$8,936,657
100$13,259,322$0$0$9,756,634