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%18.4%
1 years$61,934$61,383$60,844$60,319$59,806$57,776
2 years$30,661$30,090$29,536$29,000$28,479$26,454
3 years$20,237$19,664$19,112$18,580$18,068$16,112
4 years$15,027$14,455$13,909$13,386$12,886$11,014
5 years$11,901$11,333$10,794$10,282$9,796$8,012
6 years$9,818$9,254$8,723$8,222$7,751$6,058
7 years$8,331$7,772$7,249$6,760$6,304$4,700
8 years$7,216$6,662$6,147$5,671$5,230$3,714
9 years$6,349$5,800$5,295$4,830$4,404$2,976
10 years$5,656$5,113$4,616$4,164$3,753$2,408
11 years$5,090$4,551$4,064$3,624$3,227$1,965
12 years$4,618$4,085$3,607$3,179$2,797$1,613
13 years$4,219$3,692$3,222$2,806$2,439$1,331
14 years$3,877$3,356$2,895$2,491$2,138$1,103
15 years$3,581$3,066$2,614$2,222$1,882$917
16 years$3,323$2,813$2,370$1,989$1,664$764
17 years$3,095$2,590$2,157$1,787$1,475$638
18 years$2,892$2,394$1,969$1,611$1,312$534
19 years$2,712$2,218$1,802$1,455$1,169$447
20 years$2,549$2,061$1,654$1,318$1,044$375
21 years$2,402$1,920$1,521$1,196$934$315
22 years$2,269$1,792$1,402$1,088$838$265
23 years$2,147$1,676$1,295$991$752$223
24 years$2,036$1,571$1,197$903$676$188
25 years$1,934$1,474$1,109$825$608$158
26 years$1,839$1,385$1,029$754$548$133
27 years$1,752$1,304$955$691$494$112
28 years$1,672$1,228$888$633$446$95
29 years$1,597$1,159$826$580$402$80
30 years$1,527$1,094$770$532$364$67
31 years$1,461$1,035$717$489$329$57
32 years$1,400$979$669$449$297$48
33 years$1,343$927$625$413$269$41
34 years$1,289$879$584$380$244$34
35 years$1,239$833$546$350$221$29
36 years$1,191$791$511$322$200$24
37 years$1,146$751$478$297$181$21
38 years$1,104$714$448$274$164$17
39 years$1,063$679$419$252$149$15
40 years$1,025$646$393$233$135$12
41 years$989$615$369$215$123$10
42 years$955$586$346$198$111$9
43 years$922$558$324$183$101$7
44 years$891$532$305$169$92$6
45 years$861$507$286$156$83$5
46 years$833$484$269$144$76$4
47 years$806$462$252$133$69$4
48 years$780$441$237$123$62$3
49 years$756$421$223$114$57$3
50 years$732$402$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $750,000, adding $2,947 every year, while hoping to spend $24,347 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: 79/8/13 Blend
60$750,000$750,000$750,000$750,000
61$829,540$789,790$778,165$892,740
62$888,248$802,585$778,328$947,518
63$952,128$815,190$777,681$1,004,174
64$1,021,682$827,572$776,171$1,065,638
65$1,097,463$839,692$773,742$1,132,379
66$1,180,078$851,510$770,335$1,204,915
67$1,270,195$862,984$765,891$1,283,818
68$1,368,552$874,067$760,346$1,369,715
69$1,475,958$884,710$753,631$1,463,299
70$1,593,306$894,861$745,678$1,565,333
71$1,721,578$904,463$736,412$1,676,657
72$1,861,854$913,457$725,757$1,798,198
73$2,015,326$921,779$713,633$1,930,976
74$2,183,304$929,362$699,955$2,076,115
75$2,367,232$936,131$684,634$2,234,854
76$2,568,700$942,012$667,579$2,408,558
77$2,789,457$946,920$648,693$2,598,732
78$3,031,433$950,770$627,875$2,807,032
79$3,296,749$953,469$605,020$3,035,286
80$3,587,745$954,916$580,016$3,285,507
81$3,906,997$955,009$552,748$3,559,912
82$4,257,342$953,636$523,096$3,860,947
83$4,641,904$950,677$490,933$4,191,304
84$5,064,127$946,009$456,128$4,553,954
85$5,527,802$939,497$418,542$4,952,167
86$6,037,107$931,002$378,032$5,389,550
87$6,596,643$920,372$334,447$5,870,075
88$7,211,479$907,449$287,631$6,398,123
89$7,887,202$892,065$237,418$6,978,518
90$8,629,963$874,043$183,638$7,616,581
91$9,446,540$853,193$126,111$8,318,171
92$10,344,403$829,315$64,652$9,089,749
93$11,331,779$802,198$0$9,938,435
94$12,417,733$771,618$0$10,872,205
95$13,612,253$737,339$0$11,909,153
96$14,926,343$699,109$0$13,049,862
97$16,372,128$656,663$0$14,304,865
98$17,962,967$609,721$0$15,685,768
99$19,713,579$557,987$0$17,205,361
100$21,640,183$501,147$0$18,877,737