Can I retire at age 61 with 745,000?

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 $745,000?

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$61,521$60,973$60,439$59,917$59,407$58,738
2 years$30,456$29,889$29,339$28,806$28,289$27,615
3 years$20,102$19,533$18,984$18,456$17,948$17,291
4 years$14,927$14,359$13,816$13,297$12,801$12,165
5 years$11,822$11,257$10,722$10,213$9,731$9,118
6 years$9,753$9,192$8,665$8,168$7,700$7,111
7 years$8,275$7,720$7,200$6,715$6,262$5,698
8 years$7,168$6,617$6,106$5,633$5,195$4,655
9 years$6,307$5,762$5,260$4,798$4,375$3,859
10 years$5,619$5,079$4,585$4,136$3,728$3,236
11 years$5,056$4,521$4,037$3,600$3,206$2,737
12 years$4,587$4,058$3,583$3,157$2,778$2,332
13 years$4,191$3,667$3,201$2,787$2,423$1,999
14 years$3,851$3,333$2,876$2,474$2,124$1,722
15 years$3,558$3,045$2,597$2,207$1,870$1,489
16 years$3,301$2,794$2,354$1,976$1,653$1,292
17 years$3,074$2,573$2,142$1,775$1,465$1,125
18 years$2,873$2,378$1,956$1,600$1,303$981
19 years$2,694$2,203$1,790$1,446$1,161$858
20 years$2,532$2,048$1,643$1,309$1,037$752
21 years$2,386$1,907$1,511$1,188$928$659
22 years$2,254$1,780$1,393$1,080$832$579
23 years$2,133$1,665$1,286$984$747$510
24 years$2,022$1,560$1,189$897$671$449
25 years$1,921$1,464$1,102$820$604$395
26 years$1,827$1,376$1,022$749$544$349
27 years$1,741$1,295$949$686$491$308
28 years$1,660$1,220$882$628$443$272
29 years$1,586$1,151$821$576$400$240
30 years$1,516$1,087$764$529$361$212
31 years$1,452$1,028$713$486$327$188
32 years$1,391$972$665$446$295$166
33 years$1,334$921$621$411$267$147
34 years$1,281$873$580$378$242$130
35 years$1,231$828$542$348$219$115
36 years$1,183$786$507$320$199$102
37 years$1,139$746$475$295$180$91
38 years$1,096$709$445$272$163$80
39 years$1,056$674$417$251$148$71
40 years$1,019$642$391$231$134$63
41 years$983$611$366$213$122$56
42 years$948$582$343$197$110$50
43 years$916$554$322$182$100$44
44 years$885$528$303$168$91$39
45 years$856$504$284$155$83$35
46 years$828$481$267$143$75$31
47 years$801$459$251$132$68$27
48 years$775$438$236$122$62$24
49 years$751$418$221$113$56$21
50 years$727$399$208$104$51$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $745,000, adding $5,049 every year, while hoping to spend $25,233 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: 61/34/5 Blend
60$745,000$745,000$745,000$745,000
61$826,198$786,713$775,166$875,613
62$883,623$798,414$774,286$920,925
63$946,059$809,843$772,531$966,950
64$1,013,991$820,960$769,845$1,016,511
65$1,087,952$831,721$766,169$1,069,950
66$1,168,530$842,082$761,442$1,127,642
67$1,256,369$851,993$755,599$1,189,999
68$1,352,179$861,401$748,573$1,257,477
69$1,456,744$870,253$740,293$1,330,579
70$1,570,924$878,487$730,685$1,409,858
71$1,695,666$886,041$719,671$1,495,924
72$1,832,014$892,847$707,170$1,589,452
73$1,981,117$898,833$693,097$1,691,182
74$2,144,238$903,923$677,363$1,801,933
75$2,322,770$908,036$659,874$1,922,608
76$2,518,247$911,084$640,535$2,054,202
77$2,732,358$912,976$619,242$2,197,811
78$2,966,961$913,614$595,889$2,354,645
79$3,224,104$912,895$570,364$2,526,038
80$3,506,043$910,707$542,552$2,713,461
81$3,815,262$906,934$512,330$2,918,536
82$4,154,497$901,452$479,571$3,143,051
83$4,526,761$894,129$444,142$3,388,978
84$4,935,374$884,824$405,904$3,658,492
85$5,383,992$873,391$364,712$3,953,991
86$5,876,643$859,672$320,415$4,278,118
87$6,417,765$843,500$272,853$4,633,788
88$7,012,245$824,699$221,861$5,024,217
89$7,665,468$803,083$167,267$5,452,948
90$8,383,365$778,453$108,890$5,923,890
91$9,172,473$750,602$46,542$6,441,351
92$10,039,990$719,307$0$7,010,082
93$10,993,851$684,334$0$7,636,389
94$12,042,793$645,436$0$8,327,699
95$13,196,445$602,350$0$9,087,906
96$14,465,417$554,799$0$9,924,043
97$15,861,396$502,491$0$10,843,862
98$17,397,261$445,116$0$11,855,910
99$19,087,201$382,346$0$12,969,609
100$20,946,851$313,837$0$14,195,345