Can I retire at age 61 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$61,934$61,383$60,844$60,319$59,806$58,985
2 years$30,661$30,090$29,536$29,000$28,479$27,654
3 years$20,237$19,664$19,112$18,580$18,068$17,264
4 years$15,027$14,455$13,909$13,386$12,886$12,109
5 years$11,901$11,333$10,794$10,282$9,796$9,048
6 years$9,818$9,254$8,723$8,222$7,751$7,034
7 years$8,331$7,772$7,249$6,760$6,304$5,617
8 years$7,216$6,662$6,147$5,671$5,230$4,573
9 years$6,349$5,800$5,295$4,830$4,404$3,778
10 years$5,656$5,113$4,616$4,164$3,753$3,156
11 years$5,090$4,551$4,064$3,624$3,227$2,660
12 years$4,618$4,085$3,607$3,179$2,797$2,258
13 years$4,219$3,692$3,222$2,806$2,439$1,928
14 years$3,877$3,356$2,895$2,491$2,138$1,654
15 years$3,581$3,066$2,614$2,222$1,882$1,424
16 years$3,323$2,813$2,370$1,989$1,664$1,231
17 years$3,095$2,590$2,157$1,787$1,475$1,067
18 years$2,892$2,394$1,969$1,611$1,312$927
19 years$2,712$2,218$1,802$1,455$1,169$807
20 years$2,549$2,061$1,654$1,318$1,044$704
21 years$2,402$1,920$1,521$1,196$934$614
22 years$2,269$1,792$1,402$1,088$838$537
23 years$2,147$1,676$1,295$991$752$471
24 years$2,036$1,571$1,197$903$676$412
25 years$1,934$1,474$1,109$825$608$362
26 years$1,839$1,385$1,029$754$548$318
27 years$1,752$1,304$955$691$494$279
28 years$1,672$1,228$888$633$446$245
29 years$1,597$1,159$826$580$402$216
30 years$1,527$1,094$770$532$364$190
31 years$1,461$1,035$717$489$329$167
32 years$1,400$979$669$449$297$147
33 years$1,343$927$625$413$269$129
34 years$1,289$879$584$380$244$114
35 years$1,239$833$546$350$221$100
36 years$1,191$791$511$322$200$89
37 years$1,146$751$478$297$181$78
38 years$1,104$714$448$274$164$69
39 years$1,063$679$419$252$149$61
40 years$1,025$646$393$233$135$53
41 years$989$615$369$215$123$47
42 years$955$586$346$198$111$42
43 years$922$558$324$183$101$37
44 years$891$532$305$169$92$32
45 years$861$507$286$156$83$29
46 years$833$484$269$144$76$25
47 years$806$462$252$133$69$22
48 years$780$441$237$123$62$20
49 years$756$421$223$114$57$17
50 years$732$402$210$105$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $750,000, adding $5,733 every year, while hoping to spend $33,285 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: 42/43/15 Blend
60$750,000$750,000$750,000$750,000
61$832,414$792,664$781,039$863,494
62$881,905$796,089$771,788$889,361
63$935,329$798,567$761,113$913,627
64$993,051$800,015$748,929$939,187
65$1,055,474$800,348$735,150$966,174
66$1,123,039$799,472$719,685$994,739
67$1,196,234$797,291$702,439$1,025,045
68$1,275,592$793,700$683,312$1,057,280
69$1,361,700$788,590$662,201$1,091,649
70$1,455,206$781,842$638,997$1,128,382
71$1,556,819$773,335$613,586$1,167,735
72$1,667,322$762,936$585,848$1,209,991
73$1,787,575$750,506$555,660$1,255,467
74$1,918,525$735,898$522,892$1,304,515
75$2,061,213$718,956$487,408$1,357,525
76$2,216,786$699,514$449,065$1,414,932
77$2,386,505$677,397$407,716$1,477,217
78$2,571,759$652,420$363,205$1,544,916
79$2,774,077$624,387$315,370$1,618,622
80$2,995,141$593,090$264,043$1,698,996
81$3,236,804$558,310$209,047$1,786,768
82$3,501,105$519,815$150,198$1,882,748
83$3,790,291$477,359$87,303$1,987,837
84$4,106,834$430,683$20,161$2,103,031
85$4,453,458$379,513$0$2,229,434
86$4,833,161$323,559$0$2,376,510
87$5,249,244$262,515$0$2,541,353
88$5,705,347$196,057$0$2,722,269
89$6,205,473$123,845$0$2,920,960
90$6,754,034$45,516$0$3,139,302
91$7,355,890$0$0$3,379,375
92$8,016,394$0$0$3,662,072
93$8,741,440$0$0$3,996,133
94$9,537,523$0$0$4,363,025
95$10,411,797$0$0$4,766,057
96$11,372,142$0$0$5,208,876
97$12,427,241$0$0$5,695,497
98$13,586,656$0$0$6,230,347
99$14,860,925$0$0$6,818,299
100$16,261,654$0$0$7,464,725