Can I retire at age 61 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$63,090$62,528$61,980$61,445$60,922$59,938
2 years$31,233$30,651$30,087$29,541$29,011$28,021
3 years$20,615$20,031$19,469$18,927$18,406$17,442
4 years$15,307$14,725$14,168$13,636$13,127$12,197
5 years$12,123$11,544$10,995$10,474$9,979$9,086
6 years$10,001$9,427$8,886$8,376$7,896$7,040
7 years$8,486$7,917$7,384$6,886$6,422$5,603
8 years$7,351$6,786$6,262$5,777$5,327$4,546
9 years$6,468$5,908$5,394$4,920$4,486$3,742
10 years$5,762$5,208$4,702$4,242$3,823$3,115
11 years$5,185$4,636$4,140$3,691$3,288$2,615
12 years$4,704$4,161$3,674$3,238$2,849$2,211
13 years$4,298$3,761$3,282$2,859$2,484$1,881
14 years$3,950$3,418$2,949$2,537$2,178$1,607
15 years$3,648$3,123$2,663$2,263$1,917$1,378
16 years$3,385$2,865$2,414$2,026$1,695$1,186
17 years$3,153$2,639$2,197$1,821$1,503$1,024
18 years$2,946$2,438$2,005$1,641$1,336$885
19 years$2,762$2,260$1,836$1,483$1,191$767
20 years$2,597$2,100$1,685$1,343$1,064$666
21 years$2,447$1,956$1,550$1,219$952$579
22 years$2,311$1,826$1,428$1,108$853$504
23 years$2,187$1,708$1,319$1,009$766$440
24 years$2,074$1,600$1,220$920$688$383
25 years$1,970$1,501$1,130$840$619$335
26 years$1,874$1,411$1,048$769$558$292
27 years$1,785$1,328$973$703$503$256
28 years$1,703$1,251$904$644$454$224
29 years$1,626$1,181$842$591$410$196
30 years$1,555$1,115$784$542$370$171
31 years$1,489$1,054$731$498$335$150
32 years$1,427$997$682$458$303$131
33 years$1,368$944$637$421$274$115
34 years$1,313$895$595$387$248$101
35 years$1,262$849$556$357$225$89
36 years$1,213$806$520$328$204$78
37 years$1,168$765$487$303$185$68
38 years$1,124$727$456$279$167$60
39 years$1,083$692$427$257$152$52
40 years$1,045$658$400$237$138$46
41 years$1,008$626$376$219$125$40
42 years$973$597$352$202$113$35
43 years$939$568$331$186$103$31
44 years$908$542$310$172$93$27
45 years$878$517$291$159$85$24
46 years$849$493$274$147$77$21
47 years$821$470$257$136$70$18
48 years$795$449$242$125$63$16
49 years$770$429$227$116$58$14
50 years$746$410$213$107$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $764,000, adding $5,337 every year, while hoping to spend $28,800 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: 53/20/27 Blend
60$764,000$764,000$764,000$764,000
61$847,433$806,941$795,099$885,715
62$903,228$815,838$791,092$921,687
63$963,749$824,206$785,985$957,436
64$1,029,448$831,988$779,712$995,762
65$1,100,821$839,125$772,201$1,036,925
66$1,178,414$845,552$763,380$1,081,208
67$1,262,829$851,201$753,170$1,128,927
68$1,354,728$855,999$741,491$1,180,431
69$1,454,837$859,870$728,258$1,236,105
70$1,563,958$862,732$713,383$1,296,376
71$1,682,973$864,497$696,772$1,361,712
72$1,812,851$865,072$678,328$1,432,636
73$1,954,660$864,359$657,951$1,509,721
74$2,109,576$862,253$635,533$1,593,603
75$2,278,893$858,644$610,964$1,684,984
76$2,464,036$853,413$584,127$1,784,637
77$2,666,573$846,436$554,900$1,893,421
78$2,888,233$837,580$523,158$2,012,279
79$3,130,916$826,704$488,767$2,142,258
80$3,396,717$813,661$451,589$2,284,510
81$3,687,943$798,291$411,478$2,440,309
82$4,007,134$780,428$368,283$2,611,062
83$4,357,088$759,895$321,847$2,798,321
84$4,740,885$736,505$272,003$3,003,801
85$5,161,920$710,059$218,581$3,229,394
86$5,623,931$680,346$161,398$3,477,190
87$6,131,036$647,147$100,268$3,749,494
88$6,687,769$610,224$34,994$4,048,852
89$7,299,126$569,331$0$4,378,072
90$7,970,613$524,203$0$4,750,240
91$8,708,290$474,564$0$5,170,200
92$9,518,838$420,120$0$5,631,697
93$10,409,614$360,561$0$6,138,964
94$11,388,725$295,559$0$6,696,666
95$12,465,102$224,767$0$7,309,945
96$13,648,582$147,821$0$7,984,472
97$14,950,007$64,333$0$8,726,495
98$16,381,319$0$0$9,542,904
99$17,955,676$0$0$10,447,039
100$19,687,578$0$0$11,457,308