Can I retire at age 61 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$62,843$62,283$61,737$61,204$60,683$58,670
2 years$31,110$30,531$29,969$29,425$28,897$26,888
3 years$20,534$19,952$19,392$18,853$18,333$16,392
4 years$15,247$14,667$14,112$13,582$13,075$11,217
5 years$12,076$11,499$10,952$10,433$9,940$8,169
6 years$9,962$9,390$8,851$8,343$7,865$6,183
7 years$8,453$7,886$7,355$6,859$6,396$4,802
8 years$7,322$6,759$6,238$5,754$5,306$3,800
9 years$6,442$5,885$5,372$4,901$4,469$3,048
10 years$5,739$5,188$4,684$4,225$3,808$2,470
11 years$5,164$4,618$4,124$3,677$3,275$2,018
12 years$4,686$4,145$3,660$3,225$2,838$1,659
13 years$4,281$3,746$3,270$2,847$2,475$1,371
14 years$3,934$3,405$2,938$2,528$2,169$1,137
15 years$3,634$3,110$2,652$2,254$1,910$946
16 years$3,372$2,854$2,405$2,018$1,688$790
17 years$3,140$2,628$2,188$1,813$1,497$661
18 years$2,935$2,429$1,998$1,634$1,331$554
19 years$2,751$2,251$1,829$1,477$1,186$465
20 years$2,586$2,092$1,678$1,337$1,060$391
21 years$2,437$1,948$1,544$1,214$948$329
22 years$2,302$1,819$1,423$1,104$850$277
23 years$2,179$1,701$1,314$1,005$763$233
24 years$2,066$1,594$1,215$917$686$197
25 years$1,962$1,496$1,125$837$617$166
26 years$1,866$1,406$1,044$765$556$140
27 years$1,778$1,323$969$701$501$118
28 years$1,696$1,246$901$642$452$100
29 years$1,620$1,176$838$589$408$84
30 years$1,549$1,111$781$540$369$71
31 years$1,483$1,050$728$496$334$60
32 years$1,421$993$679$456$302$51
33 years$1,363$941$634$419$273$43
34 years$1,308$892$593$386$247$36
35 years$1,257$846$554$355$224$31
36 years$1,209$803$518$327$203$26
37 years$1,163$762$485$301$184$22
38 years$1,120$724$454$278$167$19
39 years$1,079$689$426$256$151$16
40 years$1,040$655$399$236$137$13
41 years$1,004$624$374$218$124$11
42 years$969$594$351$201$113$10
43 years$936$566$329$186$102$8
44 years$904$540$309$171$93$7
45 years$874$515$290$158$84$6
46 years$845$491$273$146$77$5
47 years$818$468$256$135$70$4
48 years$792$447$241$125$63$3
49 years$767$427$226$115$57$3
50 years$743$408$213$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $761,000, adding $6,604 every year, while hoping to spend $30,630 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: 66/26/8 Blend
60$761,000$761,000$761,000$761,000
61$845,434$805,101$793,306$899,511
62$899,078$811,961$787,291$943,162
63$957,168$818,130$780,049$986,580
64$1,020,123$823,543$771,505$1,033,226
65$1,088,408$828,129$761,582$1,083,412
66$1,162,531$831,813$750,201$1,137,480
67$1,243,052$834,515$737,276$1,195,809
68$1,330,588$836,150$722,719$1,258,817
69$1,425,816$836,630$706,438$1,326,965
70$1,529,481$835,857$688,336$1,400,761
71$1,642,405$833,731$668,312$1,480,767
72$1,765,490$830,143$646,260$1,567,599
73$1,899,730$824,980$622,070$1,661,942
74$2,046,218$818,120$595,625$1,764,548
75$2,206,159$809,434$566,804$1,876,247
76$2,380,877$798,786$535,482$1,997,957
77$2,571,831$786,032$501,526$2,130,687
78$2,780,629$771,018$464,798$2,275,553
79$3,009,037$753,582$425,153$2,433,785
80$3,259,004$733,552$382,441$2,606,741
81$3,532,673$710,747$336,503$2,795,916
82$3,832,407$684,974$287,176$3,002,964
83$4,160,803$656,030$234,288$3,229,704
84$4,520,728$623,698$177,659$3,478,147
85$4,915,333$587,750$117,102$3,750,508
86$5,348,094$547,946$52,422$4,049,233
87$5,822,835$504,031$0$4,377,017
88$6,343,770$455,735$0$4,738,252
89$6,915,542$402,773$0$5,139,669
90$7,543,262$344,844$0$5,580,423
91$8,232,564$281,630$0$6,064,525
92$8,989,651$212,795$0$6,596,395
93$9,821,357$137,985$0$7,180,909
94$10,735,213$56,823$0$7,823,438
95$11,739,513$0$0$8,529,910
96$12,843,394$0$0$9,315,748
97$14,056,924$0$0$10,197,570
98$15,391,195$0$0$11,167,183
99$16,858,426$0$0$12,233,474
100$18,472,081$0$0$13,406,235