Can I retire at age 61 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$63,834$63,265$62,710$62,169$61,640$59,931
2 years$31,601$31,012$30,442$29,889$29,352$27,644
3 years$20,858$20,267$19,698$19,150$18,622$16,967
4 years$15,488$14,898$14,335$13,797$13,282$11,692
5 years$12,266$11,680$11,125$10,597$10,096$8,578
6 years$10,119$9,538$8,990$8,475$7,989$6,542
7 years$8,586$8,010$7,471$6,967$6,497$5,123
8 years$7,437$6,866$6,336$5,845$5,390$4,087
9 years$6,544$5,978$5,457$4,978$4,539$3,306
10 years$5,830$5,269$4,758$4,291$3,868$2,703
11 years$5,246$4,691$4,189$3,735$3,326$2,228
12 years$4,759$4,210$3,717$3,276$2,882$1,849
13 years$4,348$3,805$3,321$2,892$2,514$1,542
14 years$3,996$3,459$2,984$2,567$2,203$1,292
15 years$3,691$3,160$2,694$2,290$1,940$1,086
16 years$3,425$2,899$2,443$2,050$1,715$916
17 years$3,190$2,670$2,223$1,842$1,520$774
18 years$2,981$2,467$2,029$1,660$1,352$655
19 years$2,795$2,286$1,858$1,500$1,205$556
20 years$2,627$2,125$1,705$1,359$1,076$472
21 years$2,476$1,979$1,568$1,233$963$401
22 years$2,338$1,847$1,445$1,121$863$342
23 years$2,213$1,728$1,334$1,021$775$291
24 years$2,098$1,619$1,234$931$697$248
25 years$1,993$1,519$1,143$850$627$212
26 years$1,896$1,428$1,060$778$565$181
27 years$1,806$1,344$984$712$509$154
28 years$1,723$1,266$915$652$459$132
29 years$1,646$1,194$852$598$415$113
30 years$1,573$1,128$793$549$375$96
31 years$1,506$1,066$739$504$339$82
32 years$1,443$1,009$690$463$306$70
33 years$1,384$956$644$426$277$60
34 years$1,329$906$602$392$251$52
35 years$1,277$859$563$361$227$44
36 years$1,228$815$526$332$206$38
37 years$1,181$774$493$306$187$32
38 years$1,138$736$461$282$169$28
39 years$1,096$700$432$260$154$24
40 years$1,057$666$405$240$139$20
41 years$1,020$634$380$221$126$17
42 years$984$604$356$204$115$15
43 years$950$575$334$189$104$13
44 years$918$548$314$174$94$11
45 years$888$523$295$161$86$9
46 years$859$499$277$149$78$8
47 years$831$476$260$137$71$7
48 years$804$454$244$127$64$6
49 years$779$434$230$117$58$5
50 years$755$414$216$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $773,000, adding $4,552 every year, while hoping to spend $26,318 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: 58/12/30 Blend
60$773,000$773,000$773,000$773,000
61$856,541$815,572$803,591$898,932
62$915,906$827,533$802,509$940,501
63$980,445$839,198$800,509$982,666
64$1,050,656$850,525$797,532$1,028,113
65$1,127,090$861,468$793,517$1,077,170
66$1,210,353$871,979$788,399$1,130,197
67$1,301,110$882,007$782,111$1,187,593
68$1,400,094$891,496$774,582$1,249,797
69$1,508,111$900,388$765,739$1,317,295
70$1,626,051$908,619$755,504$1,390,623
71$1,754,890$916,123$743,795$1,470,371
72$1,895,705$922,829$730,528$1,557,192
73$2,049,680$928,661$715,614$1,651,807
74$2,218,119$933,537$698,959$1,755,010
75$2,402,460$937,373$680,467$1,867,678
76$2,604,283$940,077$660,035$1,990,780
77$2,825,331$941,552$637,557$2,125,384
78$3,067,521$941,694$612,921$2,272,667
79$3,332,966$940,394$586,011$2,433,930
80$3,623,991$937,536$556,706$2,610,609
81$3,943,160$932,997$524,877$2,804,284
82$4,293,293$926,645$490,391$3,016,703
83$4,677,500$918,342$453,111$3,249,792
84$5,099,205$907,941$412,889$3,505,676
85$5,562,178$895,284$369,576$3,786,698
86$6,070,574$880,207$323,010$4,095,444
87$6,628,970$862,535$273,029$4,434,767
88$7,242,408$842,081$219,457$4,807,811
89$7,916,440$818,649$162,116$5,218,045
90$8,657,185$792,032$100,815$5,669,296
91$9,471,385$762,008$35,359$6,165,784
92$10,366,464$728,345$0$6,712,161
93$11,350,605$690,795$0$7,324,602
94$12,432,822$649,099$0$8,010,521
95$13,623,045$602,980$0$8,764,899
96$14,932,216$552,147$0$9,594,694
97$16,372,391$496,291$0$10,507,569
98$17,956,851$435,086$0$11,511,975
99$19,700,233$368,188$0$12,617,221
100$21,618,661$295,233$0$13,833,567