Can I retire at age 61 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$62,017$61,464$60,926$60,399$59,886$59,434
2 years$30,701$30,130$29,575$29,038$28,517$28,061
3 years$20,264$19,690$19,137$18,605$18,092$17,647
4 years$15,047$14,474$13,927$13,404$12,904$12,472
5 years$11,917$11,348$10,808$10,295$9,809$9,393
6 years$9,831$9,266$8,734$8,233$7,762$7,361
7 years$8,342$7,782$7,258$6,769$6,312$5,927
8 years$7,226$6,671$6,156$5,678$5,237$4,868
9 years$6,358$5,808$5,302$4,837$4,410$4,057
10 years$5,664$5,119$4,622$4,169$3,758$3,420
11 years$5,096$4,558$4,069$3,629$3,232$2,909
12 years$4,624$4,091$3,611$3,183$2,800$2,493
13 years$4,224$3,697$3,227$2,810$2,442$2,149
14 years$3,882$3,360$2,899$2,494$2,141$1,862
15 years$3,586$3,070$2,618$2,224$1,885$1,620
16 years$3,327$2,816$2,373$1,992$1,666$1,415
17 years$3,099$2,594$2,159$1,790$1,477$1,239
18 years$2,896$2,397$1,971$1,613$1,313$1,088
19 years$2,715$2,221$1,805$1,457$1,171$957
20 years$2,552$2,064$1,656$1,320$1,046$844
21 years$2,405$1,923$1,523$1,198$936$746
22 years$2,272$1,795$1,404$1,089$839$660
23 years$2,150$1,679$1,296$992$753$584
24 years$2,039$1,573$1,199$905$677$518
25 years$1,936$1,476$1,110$826$609$460
26 years$1,842$1,387$1,030$755$548$408
27 years$1,755$1,305$956$691$495$363
28 years$1,674$1,230$889$634$446$323
29 years$1,599$1,160$827$581$403$287
30 years$1,529$1,096$771$533$364$256
31 years$1,463$1,036$718$490$329$228
32 years$1,402$980$670$450$298$203
33 years$1,345$928$626$414$269$181
34 years$1,291$880$585$381$244$162
35 years$1,240$835$547$351$221$144
36 years$1,193$792$511$323$200$129
37 years$1,148$752$479$297$181$115
38 years$1,105$715$448$274$165$103
39 years$1,065$680$420$253$149$92
40 years$1,027$647$394$233$135$82
41 years$991$616$369$215$123$73
42 years$956$586$346$199$111$65
43 years$923$559$325$183$101$58
44 years$892$533$305$169$92$52
45 years$863$508$286$156$83$47
46 years$834$484$269$144$76$42
47 years$807$462$253$133$69$37
48 years$782$441$237$123$62$33
49 years$757$421$223$114$57$30
50 years$733$403$210$105$51$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $751,000, adding $6,648 every year, while hoping to spend $22,668 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: 82/6/12 Blend
60$751,000$751,000$751,000$751,000
61$834,459$794,656$783,016$900,555
62$895,456$809,476$785,128$959,675
63$961,914$824,262$786,552$1,020,905
64$1,034,367$838,989$787,239$1,087,460
65$1,113,402$853,629$787,142$1,159,862
66$1,199,665$868,153$786,207$1,238,686
67$1,293,867$882,528$784,380$1,324,567
68$1,396,790$896,720$781,606$1,418,201
69$1,509,296$910,693$777,823$1,520,360
70$1,632,333$924,407$772,970$1,631,888
71$1,766,947$937,818$766,980$1,753,720
72$1,914,287$950,883$759,785$1,886,884
73$2,075,620$963,552$751,314$2,032,511
74$2,252,340$975,773$741,489$2,191,850
75$2,445,984$987,490$730,234$2,366,275
76$2,658,242$998,645$717,464$2,557,301
77$2,890,977$1,009,173$703,094$2,766,597
78$3,146,242$1,019,008$687,033$2,996,001
79$3,426,296$1,028,076$669,186$3,247,540
80$3,733,628$1,036,302$649,453$3,523,444
81$4,070,980$1,043,603$627,732$3,826,175
82$4,441,373$1,049,892$603,914$4,158,443
83$4,848,133$1,055,077$577,885$4,523,234
84$5,294,925$1,059,059$549,527$4,923,839
85$5,785,787$1,061,732$518,716$5,363,885
86$6,325,167$1,062,986$485,322$5,847,368
87$6,917,964$1,062,703$449,211$6,378,691
88$7,569,577$1,060,756$410,240$6,962,708
89$8,285,952$1,057,011$368,261$7,604,766
90$9,073,643$1,051,328$323,122$8,310,758
91$9,939,867$1,043,557$274,659$9,087,178
92$10,892,579$1,033,536$222,706$9,941,182
93$11,940,542$1,021,099$167,085$10,880,656
94$13,093,409$1,006,065$107,615$11,914,291
95$14,361,819$988,244$44,102$13,051,665
96$15,757,493$967,436$0$14,303,330
97$17,293,344$943,428$0$15,683,950
98$18,983,603$915,994$0$17,209,534
99$20,843,948$884,895$0$18,888,582
100$22,891,655$849,879$0$20,736,688