Can I retire at age 61 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$63,421$62,856$62,305$61,767$61,241$59,834
2 years$31,396$30,812$30,245$29,696$29,163$27,752
3 years$20,723$20,136$19,571$19,026$18,502$17,133
4 years$15,387$14,802$14,242$13,707$13,196$11,879
5 years$12,187$11,605$11,053$10,529$10,031$8,770
6 years$10,054$9,476$8,932$8,420$7,937$6,732
7 years$8,531$7,958$7,423$6,922$6,455$5,307
8 years$7,389$6,822$6,295$5,807$5,355$4,264
9 years$6,502$5,939$5,422$4,946$4,510$3,474
10 years$5,792$5,235$4,727$4,264$3,843$2,862
11 years$5,212$4,661$4,162$3,711$3,305$2,377
12 years$4,729$4,183$3,693$3,255$2,864$1,988
13 years$4,320$3,780$3,300$2,873$2,497$1,672
14 years$3,970$3,436$2,965$2,551$2,189$1,412
15 years$3,667$3,139$2,677$2,275$1,927$1,197
16 years$3,403$2,880$2,427$2,037$1,704$1,018
17 years$3,169$2,652$2,208$1,830$1,510$868
18 years$2,962$2,451$2,016$1,649$1,343$741
19 years$2,777$2,272$1,846$1,490$1,197$635
20 years$2,610$2,111$1,694$1,350$1,069$544
21 years$2,460$1,966$1,558$1,225$957$467
22 years$2,323$1,835$1,436$1,114$858$401
23 years$2,199$1,717$1,326$1,014$770$345
24 years$2,085$1,608$1,226$925$692$297
25 years$1,980$1,509$1,136$845$623$256
26 years$1,884$1,418$1,053$773$561$220
27 years$1,794$1,335$978$707$506$190
28 years$1,712$1,258$909$648$456$164
29 years$1,635$1,187$846$594$412$142
30 years$1,563$1,121$788$545$372$122
31 years$1,496$1,059$735$501$337$106
32 years$1,434$1,002$685$460$304$91
33 years$1,375$949$640$423$276$79
34 years$1,320$900$598$389$249$68
35 years$1,269$853$559$358$226$59
36 years$1,220$810$523$330$205$51
37 years$1,174$769$490$304$186$44
38 years$1,130$731$458$280$168$38
39 years$1,089$695$430$259$153$33
40 years$1,050$661$403$238$138$28
41 years$1,013$630$377$220$126$25
42 years$978$600$354$203$114$21
43 years$944$571$332$187$103$18
44 years$912$545$312$173$94$16
45 years$882$519$293$160$85$14
46 years$853$495$275$148$77$12
47 years$826$473$258$136$70$10
48 years$799$451$243$126$64$9
49 years$774$431$228$116$58$8
50 years$750$412$215$108$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $768,000, adding $3,564 every year, while hoping to spend $24,588 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: 57/30/13 Blend
60$768,000$768,000$768,000$768,000
61$850,012$809,308$797,404$895,467
62$910,552$822,803$797,956$940,119
63$976,443$836,135$797,702$985,733
64$1,048,204$849,270$796,589$1,034,859
65$1,126,409$862,172$794,563$1,087,838
66$1,211,686$874,801$791,564$1,145,045
67$1,304,728$887,117$787,531$1,206,895
68$1,406,298$899,073$782,402$1,273,843
69$1,517,236$910,623$776,107$1,346,393
70$1,638,465$921,715$768,578$1,425,100
71$1,771,004$932,294$759,741$1,510,576
72$1,915,972$942,303$749,518$1,603,497
73$2,074,604$951,678$737,829$1,704,606
74$2,248,256$960,353$724,589$1,814,725
75$2,438,425$968,257$709,710$1,934,759
76$2,646,759$975,316$693,099$2,065,706
77$2,875,070$981,448$674,660$2,208,668
78$3,125,357$986,569$654,291$2,364,859
79$3,399,819$990,587$631,886$2,535,619
80$3,700,881$993,405$607,334$2,722,423
81$4,031,210$994,922$580,519$2,926,902
82$4,393,748$995,027$551,320$3,150,852
83$4,791,732$993,605$519,611$3,396,252
84$5,228,729$990,533$485,260$3,665,287
85$5,708,670$985,680$448,126$3,960,367
86$6,235,884$978,907$408,068$4,284,147
87$6,815,138$970,068$364,932$4,639,557
88$7,451,687$959,006$318,562$5,029,826
89$8,151,318$945,556$268,793$5,458,515
90$8,920,408$929,544$215,453$5,929,552
91$9,765,981$910,783$158,362$6,447,268
92$10,695,777$889,077$97,333$7,016,435
93$11,718,322$864,217$32,169$7,642,320
94$12,843,012$835,985$0$8,330,726
95$14,080,196$804,146$0$9,093,238
96$15,441,280$768,453$0$9,936,826
97$16,938,830$728,646$0$10,864,834
98$18,586,689$684,448$0$11,885,872
99$20,400,113$635,568$0$13,009,429
100$22,395,910$581,696$0$14,245,968