Can I retire at age 61 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$60,530$59,991$59,465$58,952$58,450$57,130
2 years$29,966$29,407$28,867$28,342$27,834$26,511
3 years$19,779$19,218$18,679$18,159$17,659$16,374
4 years$14,686$14,127$13,593$13,083$12,594$11,358
5 years$11,631$11,076$10,549$10,049$9,574$8,390
6 years$9,596$9,044$8,525$8,036$7,576$6,445
7 years$8,142$7,595$7,084$6,607$6,161$5,083
8 years$7,052$6,511$6,008$5,542$5,111$4,086
9 years$6,205$5,669$5,175$4,721$4,304$3,332
10 years$5,528$4,997$4,512$4,069$3,667$2,746
11 years$4,974$4,448$3,972$3,542$3,154$2,282
12 years$4,513$3,993$3,525$3,106$2,733$1,910
13 years$4,123$3,608$3,149$2,743$2,384$1,607
14 years$3,789$3,280$2,830$2,435$2,089$1,358
15 years$3,500$2,996$2,555$2,171$1,840$1,152
16 years$3,247$2,749$2,316$1,944$1,626$981
17 years$3,025$2,532$2,108$1,747$1,442$837
18 years$2,827$2,339$1,924$1,574$1,282$715
19 years$2,650$2,168$1,761$1,422$1,143$613
20 years$2,491$2,015$1,617$1,288$1,021$526
21 years$2,348$1,877$1,487$1,169$913$451
22 years$2,217$1,752$1,370$1,063$819$388
23 years$2,098$1,638$1,265$968$735$334
24 years$1,990$1,535$1,170$883$660$288
25 years$1,890$1,441$1,084$806$594$248
26 years$1,798$1,354$1,005$737$535$214
27 years$1,713$1,274$933$675$483$185
28 years$1,634$1,201$868$618$436$159
29 years$1,560$1,133$808$567$393$138
30 years$1,492$1,070$752$520$355$119
31 years$1,428$1,011$701$478$321$103
32 years$1,369$957$654$439$291$89
33 years$1,313$906$611$404$263$77
34 years$1,260$859$571$372$238$66
35 years$1,211$815$534$342$216$57
36 years$1,164$773$499$315$195$50
37 years$1,120$734$467$290$177$43
38 years$1,079$698$438$268$161$37
39 years$1,039$664$410$247$146$32
40 years$1,002$631$384$228$132$28
41 years$967$601$360$210$120$24
42 years$933$572$338$194$109$21
43 years$901$545$317$179$99$18
44 years$871$520$298$165$90$16
45 years$842$496$280$153$81$14
46 years$814$473$263$141$74$12
47 years$788$451$247$130$67$10
48 years$763$431$232$120$61$9
49 years$739$411$218$111$55$8
50 years$716$393$205$103$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $733,000, adding $2,239 every year, while hoping to spend $51,746 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: 72/23/5 Blend
60$733,000$733,000$733,000$733,000
61$810,076$771,227$759,865$867,887
62$837,646$753,959$730,263$889,022
63$866,294$734,112$697,935$905,443
64$896,076$711,503$662,736$921,954
65$927,049$685,940$624,511$938,546
66$959,279$657,222$583,103$955,215
67$992,833$625,133$538,344$971,952
68$1,027,784$589,447$490,061$988,754
69$1,064,211$549,923$438,071$1,005,614
70$1,102,199$506,307$382,185$1,022,530
71$1,141,839$458,332$322,204$1,039,500
72$1,183,229$405,713$257,920$1,056,521
73$1,226,477$348,151$189,119$1,073,597
74$1,271,696$285,329$115,573$1,090,728
75$1,319,011$216,912$37,047$1,107,923
76$1,368,557$142,548$0$1,125,189
77$1,420,479$61,862$0$1,145,033
78$1,474,936$0$0$1,167,250
79$1,532,098$0$0$1,196,360
80$1,592,153$0$0$1,243,403
81$1,655,303$0$0$1,292,882
82$1,721,767$0$0$1,344,972
83$1,791,786$0$0$1,399,862
84$1,865,621$0$0$1,457,758
85$1,943,555$0$0$1,518,886
86$2,025,900$0$0$1,583,490
87$2,112,992$0$0$1,651,839
88$2,205,203$0$0$1,724,224
89$2,302,934$0$0$1,800,966
90$2,406,627$0$0$1,882,413
91$2,516,764$0$0$1,968,946
92$2,633,872$0$0$2,060,983
93$2,758,527$0$0$2,158,981
94$2,891,362$0$0$2,263,440
95$3,033,066$0$0$2,374,908
96$3,184,398$0$0$2,493,984
97$3,346,187$0$0$2,621,326
98$3,519,344$0$0$2,757,655
99$3,704,867$0$0$2,903,761
100$3,903,848$0$0$3,060,513