Can I retire at age 61 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$63,173$62,610$62,061$61,525$61,002$59,479
2 years$31,274$30,691$30,127$29,580$29,049$27,524
3 years$20,642$20,057$19,494$18,952$18,430$16,951
4 years$15,327$14,744$14,187$13,654$13,144$11,723
5 years$12,139$11,560$11,009$10,487$9,992$8,632
6 years$10,015$9,439$8,897$8,387$7,906$6,609
7 years$8,498$7,927$7,394$6,895$6,430$5,195
8 years$7,360$6,795$6,270$5,784$5,334$4,162
9 years$6,476$5,916$5,401$4,927$4,492$3,381
10 years$5,769$5,215$4,708$4,247$3,828$2,776
11 years$5,191$4,642$4,145$3,696$3,292$2,299
12 years$4,710$4,167$3,679$3,242$2,853$1,916
13 years$4,303$3,766$3,287$2,862$2,488$1,606
14 years$3,955$3,423$2,953$2,541$2,181$1,352
15 years$3,653$3,127$2,666$2,266$1,920$1,142
16 years$3,389$2,869$2,417$2,029$1,697$968
17 years$3,157$2,642$2,200$1,823$1,505$822
18 years$2,950$2,441$2,008$1,643$1,338$700
19 years$2,766$2,263$1,838$1,484$1,192$597
20 years$2,600$2,103$1,687$1,344$1,065$509
21 years$2,450$1,958$1,552$1,220$953$436
22 years$2,314$1,828$1,430$1,109$854$373
23 years$2,190$1,710$1,321$1,010$767$319
24 years$2,077$1,602$1,221$922$689$274
25 years$1,972$1,503$1,131$842$620$235
26 years$1,876$1,413$1,049$770$559$202
27 years$1,787$1,330$974$704$504$173
28 years$1,705$1,253$906$645$455$149
29 years$1,628$1,182$843$592$410$128
30 years$1,557$1,116$785$543$371$110
31 years$1,491$1,055$732$499$335$95
32 years$1,428$999$683$458$303$81
33 years$1,370$946$638$422$274$70
34 years$1,315$896$596$388$249$60
35 years$1,264$850$557$357$225$52
36 years$1,215$807$521$329$204$45
37 years$1,169$766$488$303$185$38
38 years$1,126$728$457$279$168$33
39 years$1,085$693$428$257$152$28
40 years$1,046$659$401$237$138$24
41 years$1,009$627$376$219$125$21
42 years$974$597$353$202$113$18
43 years$941$569$331$187$103$16
44 years$909$542$311$172$93$13
45 years$879$517$292$159$85$12
46 years$850$493$274$147$77$10
47 years$822$471$257$136$70$9
48 years$796$450$242$126$64$7
49 years$771$429$227$116$58$6
50 years$747$410$214$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $765,000, adding $5,605 every year, while hoping to spend $44,975 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: 52/30/18 Blend
60$765,000$765,000$765,000$765,000
61$848,812$808,267$796,409$888,494
62$887,537$800,019$775,236$908,107
63$928,706$789,859$751,846$924,261
64$972,518$777,647$726,117$940,853
65$1,019,196$763,232$697,923$957,938
66$1,068,981$746,457$667,130$975,581
67$1,122,137$727,154$633,599$993,855
68$1,178,955$705,144$597,184$1,012,843
69$1,239,752$680,241$557,734$1,032,641
70$1,304,878$652,244$515,090$1,053,355
71$1,374,715$620,943$469,085$1,075,108
72$1,449,683$586,116$419,546$1,098,039
73$1,530,242$547,527$366,292$1,122,303
74$1,616,898$504,927$309,134$1,148,078
75$1,710,205$458,052$247,874$1,175,560
76$1,810,775$406,625$182,306$1,204,975
77$1,919,275$350,351$112,214$1,236,573
78$2,036,442$288,919$37,374$1,270,636
79$2,163,084$222,001$0$1,307,482
80$2,300,090$149,251$0$1,355,624
81$2,448,436$70,301$0$1,415,491
82$2,609,196$0$0$1,480,390
83$2,783,550$0$0$1,555,898
84$2,972,798$0$0$1,663,110
85$3,178,367$0$0$1,779,636
86$3,401,827$0$0$1,906,374
87$3,644,908$0$0$2,044,314
88$3,909,509$0$0$2,194,544
89$4,197,724$0$0$2,358,261
90$4,511,854$0$0$2,536,783
91$4,854,434$0$0$2,731,561
92$5,228,251$0$0$2,944,192
93$5,636,375$0$0$3,176,431
94$6,082,186$0$0$3,430,215
95$6,569,402$0$0$3,707,674
96$7,102,120$0$0$4,011,151
97$7,684,849$0$0$4,343,231
98$8,322,552$0$0$4,706,755
99$9,020,698$0$0$5,104,854
100$9,785,305$0$0$5,540,978