Can I retire at age 61 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$63,916$63,347$62,791$62,249$61,720$60,326
2 years$31,642$31,052$30,481$29,928$29,390$27,993
3 years$20,885$20,293$19,723$19,175$18,646$17,290
4 years$15,508$14,918$14,354$13,814$13,299$11,994
5 years$12,282$11,696$11,139$10,611$10,110$8,859
6 years$10,132$9,550$9,002$8,486$7,999$6,805
7 years$8,597$8,020$7,481$6,976$6,506$5,368
8 years$7,447$6,875$6,344$5,852$5,397$4,315
9 years$6,552$5,986$5,464$4,985$4,545$3,518
10 years$5,837$5,276$4,764$4,297$3,873$2,899
11 years$5,253$4,697$4,194$3,740$3,331$2,410
12 years$4,766$4,216$3,722$3,280$2,886$2,017
13 years$4,354$3,810$3,325$2,896$2,517$1,697
14 years$4,001$3,463$2,988$2,571$2,206$1,434
15 years$3,696$3,164$2,698$2,293$1,943$1,217
16 years$3,429$2,903$2,446$2,053$1,717$1,035
17 years$3,194$2,673$2,226$1,844$1,522$883
18 years$2,985$2,470$2,032$1,662$1,354$755
19 years$2,798$2,289$1,860$1,502$1,206$647
20 years$2,631$2,127$1,707$1,360$1,078$555
21 years$2,479$1,981$1,570$1,235$964$477
22 years$2,341$1,850$1,447$1,122$864$410
23 years$2,216$1,730$1,336$1,022$776$353
24 years$2,101$1,621$1,236$932$697$304
25 years$1,995$1,521$1,144$851$628$262
26 years$1,898$1,430$1,061$779$565$226
27 years$1,808$1,345$986$713$510$195
28 years$1,725$1,268$916$653$460$168
29 years$1,648$1,196$853$599$415$145
30 years$1,576$1,129$794$550$375$126
31 years$1,508$1,068$740$505$339$109
32 years$1,445$1,010$691$464$307$94
33 years$1,386$957$645$427$278$81
34 years$1,331$907$603$392$251$70
35 years$1,278$860$563$361$228$61
36 years$1,229$816$527$333$206$53
37 years$1,183$775$493$307$187$45
38 years$1,139$737$462$283$170$39
39 years$1,098$701$433$261$154$34
40 years$1,058$667$406$240$139$29
41 years$1,021$635$380$222$127$25
42 years$985$604$357$205$115$22
43 years$952$576$335$189$104$19
44 years$920$549$314$174$95$17
45 years$889$523$295$161$86$14
46 years$860$499$277$149$78$12
47 years$832$476$260$137$71$11
48 years$805$455$245$127$64$9
49 years$780$434$230$117$58$8
50 years$756$415$216$108$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $774,000, adding $3,922 every year, while hoping to spend $24,649 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: 29/44/27 Blend
60$774,000$774,000$774,000$774,000
61$856,994$815,972$803,975$874,599
62$918,181$829,728$804,681$902,522
63$984,782$843,332$804,586$930,109
64$1,057,326$856,751$803,635$959,272
65$1,136,389$869,948$801,773$990,163
66$1,222,611$882,885$798,942$1,022,954
67$1,316,691$895,521$795,081$1,057,831
68$1,419,404$907,811$790,126$1,095,004
69$1,531,597$919,708$784,010$1,134,704
70$1,654,209$931,162$776,662$1,177,186
71$1,788,267$942,119$768,010$1,222,735
72$1,934,908$952,520$757,976$1,271,665
73$2,095,379$962,304$746,479$1,324,324
74$2,271,057$971,406$733,434$1,381,098
75$2,463,455$979,755$718,755$1,442,414
76$2,674,241$987,277$702,347$1,508,744
77$2,905,252$993,892$684,114$1,580,613
78$3,158,511$999,515$663,955$1,658,599
79$3,436,245$1,004,058$641,763$1,743,343
80$3,740,908$1,007,423$617,429$1,835,554
81$4,075,204$1,009,509$590,835$1,936,018
82$4,442,108$1,010,209$561,861$2,045,600
83$4,844,900$1,009,406$530,381$2,165,262
84$5,287,193$1,006,980$496,262$2,296,065
85$5,772,964$1,002,800$459,365$2,439,181
86$6,306,599$996,730$419,546$2,595,908
87$6,892,926$988,623$376,654$2,767,680
88$7,537,263$978,325$330,531$2,956,082
89$8,245,473$965,672$281,013$3,162,866
90$9,024,012$950,490$227,927$3,389,966
91$9,879,993$932,596$171,095$3,639,520
92$10,821,254$911,794$110,328$3,913,893
93$11,856,428$887,878$45,430$4,215,692
94$12,995,029$860,630$0$4,547,800
95$14,247,539$829,818$0$4,920,266
96$15,625,506$795,197$0$5,344,154
97$17,141,654$756,508$0$5,810,308
98$18,810,003$713,477$0$6,323,083
99$20,646,001$665,815$0$6,887,280
100$22,666,668$613,215$0$7,508,197