Can I retire at age 61 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$61,769$61,219$60,682$60,158$59,647$59,048
2 years$30,579$30,009$29,457$28,922$28,403$27,800
3 years$20,183$19,611$19,061$18,531$18,020$17,432
4 years$14,987$14,416$13,871$13,350$12,852$12,283
5 years$11,869$11,303$10,765$10,254$9,770$9,221
6 years$9,792$9,229$8,700$8,200$7,731$7,203
7 years$8,309$7,751$7,229$6,742$6,287$5,781
8 years$7,197$6,644$6,131$5,656$5,216$4,731
9 years$6,332$5,785$5,281$4,817$4,392$3,929
10 years$5,641$5,099$4,604$4,153$3,743$3,300
11 years$5,076$4,539$4,053$3,614$3,219$2,797
12 years$4,605$4,074$3,597$3,170$2,789$2,388
13 years$4,208$3,682$3,214$2,799$2,432$2,051
14 years$3,867$3,347$2,888$2,484$2,132$1,770
15 years$3,572$3,057$2,607$2,216$1,877$1,534
16 years$3,314$2,805$2,364$1,984$1,659$1,334
17 years$3,087$2,583$2,151$1,782$1,471$1,163
18 years$2,885$2,387$1,963$1,606$1,308$1,017
19 years$2,704$2,212$1,797$1,451$1,166$891
20 years$2,542$2,056$1,650$1,315$1,041$782
21 years$2,396$1,915$1,517$1,193$932$688
22 years$2,263$1,788$1,398$1,085$835$606
23 years$2,141$1,672$1,291$988$750$534
24 years$2,030$1,566$1,194$901$674$471
25 years$1,928$1,470$1,106$823$606$416
26 years$1,834$1,382$1,026$752$546$368
27 years$1,748$1,300$953$689$493$326
28 years$1,667$1,225$886$631$444$288
29 years$1,592$1,156$824$579$401$255
30 years$1,523$1,092$768$531$363$226
31 years$1,458$1,032$716$488$328$201
32 years$1,397$976$668$448$297$178
33 years$1,340$925$623$412$268$158
34 years$1,286$876$582$379$243$140
35 years$1,236$831$545$349$220$124
36 years$1,188$789$509$322$199$111
37 years$1,143$749$477$296$181$98
38 years$1,101$712$447$273$164$87
39 years$1,061$677$418$252$149$78
40 years$1,023$644$392$232$135$69
41 years$987$613$368$214$122$61
42 years$952$584$345$198$111$54
43 years$920$556$324$183$101$48
44 years$889$530$304$169$91$43
45 years$859$506$285$156$83$38
46 years$831$483$268$144$75$34
47 years$804$460$252$133$68$30
48 years$778$440$237$123$62$27
49 years$754$420$222$113$56$24
50 years$730$401$209$105$51$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $748,000, adding $6,229 every year, while hoping to spend $48,875 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: 37/46/17 Blend
60$748,000$748,000$748,000$748,000
61$830,721$791,077$779,483$856,972
62$863,452$777,837$753,593$863,235
63$897,884$762,311$725,198$864,901
64$934,137$744,334$694,162$865,667
65$972,346$723,733$660,343$865,479
66$1,012,654$700,324$623,593$864,280
67$1,055,219$673,915$583,758$862,016
68$1,100,213$644,298$540,676$858,627
69$1,147,824$611,257$494,177$854,057
70$1,198,255$574,562$444,085$848,246
71$1,251,731$533,970$390,216$841,137
72$1,308,496$489,222$332,376$832,671
73$1,368,817$440,049$270,365$822,790
74$1,432,987$386,162$203,973$811,439
75$1,501,325$327,258$132,980$798,564
76$1,574,183$263,016$57,157$784,111
77$1,651,943$193,097$0$768,034
78$1,735,027$117,144$0$754,595
79$1,823,894$34,779$0$750,790
80$1,919,050$0$0$746,253
81$2,021,050$0$0$768,543
82$2,130,501$0$0$811,421
83$2,248,070$0$0$857,555
84$2,374,489$0$0$907,240
85$2,510,562$0$0$960,803
86$2,657,171$0$0$1,018,602
87$2,815,286$0$0$1,081,029
88$2,985,973$0$0$1,148,518
89$3,170,400$0$0$1,221,544
90$3,369,854$0$0$1,300,628
91$3,585,750$0$0$1,386,345
92$3,819,639$0$0$1,479,326
93$4,073,232$0$0$1,580,266
94$4,348,407$0$0$1,689,929
95$4,647,231$0$0$1,809,154
96$4,971,977$0$0$1,938,866
97$5,325,144$0$0$2,080,081
98$5,709,484$0$0$2,233,920
99$6,128,024$0$0$2,401,612
100$6,584,094$0$0$2,584,514