Can I retire at age 61 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$60,696$60,155$59,627$59,113$58,610$57,950
2 years$30,047$29,488$28,945$28,420$27,909$27,245
3 years$19,833$19,271$18,730$18,209$17,707$17,058
4 years$14,726$14,166$13,630$13,118$12,629$12,001
5 years$11,663$11,106$10,578$10,076$9,600$8,996
6 years$9,622$9,069$8,548$8,058$7,596$7,016
7 years$8,164$7,616$7,104$6,625$6,178$5,621
8 years$7,072$6,528$6,025$5,557$5,125$4,593
9 years$6,222$5,684$5,189$4,734$4,316$3,807
10 years$5,543$5,010$4,524$4,081$3,678$3,192
11 years$4,988$4,460$3,983$3,551$3,163$2,700
12 years$4,525$4,003$3,535$3,115$2,741$2,301
13 years$4,134$3,618$3,158$2,750$2,390$1,972
14 years$3,800$3,289$2,837$2,441$2,095$1,699
15 years$3,510$3,004$2,562$2,177$1,845$1,469
16 years$3,256$2,756$2,323$1,949$1,630$1,275
17 years$3,033$2,538$2,113$1,751$1,446$1,110
18 years$2,835$2,346$1,929$1,578$1,285$968
19 years$2,657$2,174$1,766$1,426$1,146$846
20 years$2,498$2,020$1,621$1,292$1,023$741
21 years$2,354$1,882$1,491$1,172$916$650
22 years$2,223$1,756$1,374$1,066$821$571
23 years$2,104$1,643$1,269$971$737$503
24 years$1,995$1,539$1,173$885$662$443
25 years$1,895$1,444$1,087$809$596$390
26 years$1,803$1,358$1,008$739$537$344
27 years$1,717$1,278$936$677$484$304
28 years$1,638$1,204$870$620$437$268
29 years$1,565$1,136$810$569$394$237
30 years$1,496$1,073$754$522$356$210
31 years$1,432$1,014$703$479$322$185
32 years$1,372$959$656$440$291$164
33 years$1,316$909$613$405$264$145
34 years$1,264$861$572$373$239$129
35 years$1,214$817$535$343$216$114
36 years$1,167$775$501$316$196$101
37 years$1,123$736$469$291$178$89
38 years$1,082$700$439$268$161$79
39 years$1,042$665$411$247$146$70
40 years$1,005$633$385$228$132$62
41 years$969$603$361$211$120$55
42 years$936$574$339$194$109$49
43 years$904$547$318$179$99$43
44 years$873$521$298$166$90$38
45 years$844$497$280$153$82$34
46 years$817$474$263$141$74$30
47 years$790$452$247$131$67$27
48 years$765$432$232$121$61$24
49 years$741$412$218$111$55$21
50 years$718$394$205$103$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $735,000, adding $3,361 every year, while hoping to spend $52,634 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: 44/48/8 Blend
60$735,000$735,000$735,000$735,000
61$813,437$774,482$763,089$847,232
62$840,405$756,429$732,651$852,929
63$868,360$735,728$699,428$853,439
64$897,347$712,193$663,273$852,784
65$927,414$685,628$624,030$850,875
66$958,611$655,824$581,536$847,620
67$990,994$622,564$535,622$842,920
68$1,024,619$585,613$486,109$836,672
69$1,059,549$544,728$432,813$828,766
70$1,095,851$499,647$375,539$819,089
71$1,133,594$450,096$314,087$807,520
72$1,172,855$395,785$248,243$793,933
73$1,213,715$336,408$177,788$778,193
74$1,256,262$271,639$102,492$760,162
75$1,300,589$201,138$22,114$739,692
76$1,346,797$124,542$0$716,631
77$1,394,995$41,469$0$696,252
78$1,445,301$0$0$675,319
79$1,497,840$0$0$677,397
80$1,552,749$0$0$702,482
81$1,610,177$0$0$728,739
82$1,670,281$0$0$756,245
83$1,733,237$0$0$785,081
84$1,799,230$0$0$815,337
85$1,868,464$0$0$847,109
86$1,941,160$0$0$880,504
87$2,017,558$0$0$915,635
88$2,097,918$0$0$952,626
89$2,182,524$0$0$991,615
90$2,271,683$0$0$1,032,747
91$2,365,733$0$0$1,076,185
92$2,465,040$0$0$1,122,103
93$2,570,004$0$0$1,170,693
94$2,681,060$0$0$1,222,165
95$2,798,684$0$0$1,276,748
96$2,923,397$0$0$1,334,690
97$3,055,767$0$0$1,396,265
98$3,196,415$0$0$1,461,772
99$3,346,022$0$0$1,531,538
100$3,505,331$0$0$1,605,921