Can I retire at age 61 with 772,000?

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 $772,000?

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$63,751$63,183$62,629$62,088$61,560$60,023
2 years$31,560$30,972$30,403$29,850$29,314$27,776
3 years$20,831$20,241$19,672$19,125$18,598$17,106
4 years$15,468$14,879$14,316$13,779$13,264$11,830
5 years$12,250$11,665$11,110$10,583$10,083$8,711
6 years$10,106$9,526$8,979$8,464$7,979$6,669
7 years$8,575$8,000$7,461$6,958$6,489$5,243
8 years$7,428$6,857$6,328$5,837$5,383$4,200
9 years$6,535$5,970$5,450$4,972$4,533$3,412
10 years$5,822$5,263$4,752$4,286$3,863$2,801
11 years$5,239$4,685$4,183$3,730$3,322$2,320
12 years$4,753$4,205$3,712$3,272$2,879$1,934
13 years$4,343$3,800$3,317$2,888$2,510$1,621
14 years$3,991$3,454$2,980$2,564$2,201$1,364
15 years$3,686$3,155$2,691$2,287$1,938$1,152
16 years$3,420$2,895$2,440$2,047$1,712$976
17 years$3,186$2,666$2,220$1,840$1,518$829
18 years$2,977$2,464$2,026$1,658$1,350$706
19 years$2,791$2,283$1,855$1,498$1,203$602
20 years$2,624$2,122$1,703$1,357$1,075$514
21 years$2,473$1,976$1,566$1,231$962$440
22 years$2,335$1,845$1,443$1,120$862$376
23 years$2,210$1,725$1,333$1,020$774$322
24 years$2,096$1,617$1,232$930$696$276
25 years$1,990$1,517$1,142$849$626$237
26 years$1,893$1,426$1,059$777$564$203
27 years$1,804$1,342$983$711$508$175
28 years$1,721$1,264$914$651$459$150
29 years$1,643$1,193$850$597$414$129
30 years$1,571$1,127$792$548$374$111
31 years$1,504$1,065$739$503$338$95
32 years$1,441$1,008$689$463$306$82
33 years$1,383$954$643$425$277$71
34 years$1,327$904$601$391$251$61
35 years$1,275$858$562$360$227$52
36 years$1,226$814$526$332$206$45
37 years$1,180$773$492$306$187$39
38 years$1,136$735$461$282$169$33
39 years$1,095$699$432$260$153$29
40 years$1,055$665$405$240$139$25
41 years$1,018$633$379$221$126$21
42 years$983$603$356$204$115$18
43 years$949$574$334$188$104$16
44 years$917$547$314$174$94$14
45 years$887$522$294$161$86$12
46 years$858$498$276$148$78$10
47 years$830$475$260$137$71$9
48 years$803$454$244$127$64$7
49 years$778$433$229$117$58$6
50 years$754$414$216$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $772,000, adding $5,735 every year, while hoping to spend $38,615 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: 37/39/24 Blend
60$772,000$772,000$772,000$772,000
61$856,660$815,744$803,778$882,008
62$902,953$814,629$789,618$899,966
63$952,674$812,166$773,690$915,364
64$1,006,131$808,246$755,893$931,230
65$1,063,664$802,758$736,124$947,629
66$1,125,645$795,581$714,271$964,637
67$1,192,483$786,586$690,221$982,339
68$1,264,628$775,640$663,855$1,000,835
69$1,342,572$762,598$635,046$1,020,236
70$1,426,858$747,309$603,664$1,040,668
71$1,518,083$729,613$569,572$1,062,276
72$1,616,901$709,338$532,627$1,085,221
73$1,724,035$686,305$492,679$1,109,687
74$1,840,276$660,324$449,573$1,135,879
75$1,966,495$631,191$403,145$1,164,031
76$2,103,652$598,694$353,225$1,194,404
77$2,252,801$562,606$299,635$1,227,292
78$2,415,103$522,690$242,188$1,263,023
79$2,591,833$478,692$180,692$1,301,967
80$2,784,398$430,345$114,942$1,344,538
81$2,994,342$377,367$44,728$1,391,198
82$3,223,367$319,461$0$1,442,464
83$3,473,347$256,310$0$1,506,648
84$3,746,342$187,583$0$1,589,388
85$4,044,622$112,928$0$1,679,997
86$4,370,685$31,973$0$1,779,343
87$4,727,282$0$0$1,888,387
88$5,117,443$0$0$2,032,085
89$5,544,500$0$0$2,204,496
90$6,012,128$0$0$2,393,396
91$6,524,370$0$0$2,600,431
92$7,085,678$0$0$2,827,415
93$7,700,959$0$0$3,076,346
94$8,375,613$0$0$3,349,424
95$9,115,591$0$0$3,649,075
96$9,927,445$0$0$3,977,967
97$10,818,393$0$0$4,339,042
98$11,796,385$0$0$4,735,539
99$12,870,180$0$0$5,171,027
100$14,049,425$0$0$5,649,438