Can I retire at age 61 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$63,999$63,429$62,873$62,330$61,800$59,893
2 years$31,683$31,093$30,521$29,966$29,428$27,524
3 years$20,912$20,319$19,749$19,200$18,671$16,829
4 years$15,528$14,937$14,372$13,832$13,316$11,550
5 years$12,298$11,711$11,153$10,624$10,123$8,438
6 years$10,145$9,563$9,014$8,496$8,010$6,408
7 years$8,609$8,031$7,490$6,985$6,514$4,994
8 years$7,456$6,884$6,352$5,860$5,404$3,966
9 years$6,561$5,994$5,471$4,991$4,551$3,192
10 years$5,845$5,283$4,770$4,303$3,878$2,597
11 years$5,259$4,703$4,199$3,745$3,335$2,130
12 years$4,772$4,221$3,727$3,284$2,890$1,758
13 years$4,359$3,815$3,330$2,900$2,520$1,458
14 years$4,006$3,468$2,992$2,574$2,209$1,215
15 years$3,701$3,168$2,701$2,296$1,945$1,016
16 years$3,434$2,906$2,449$2,055$1,719$851
17 years$3,198$2,677$2,229$1,847$1,524$715
18 years$2,989$2,473$2,034$1,664$1,355$602
19 years$2,802$2,292$1,862$1,504$1,208$508
20 years$2,634$2,130$1,709$1,362$1,079$429
21 years$2,482$1,984$1,572$1,236$966$362
22 years$2,344$1,852$1,449$1,124$866$306
23 years$2,219$1,732$1,338$1,024$777$259
24 years$2,104$1,623$1,237$934$698$220
25 years$1,998$1,523$1,146$853$628$186
26 years$1,901$1,431$1,063$780$566$158
27 years$1,811$1,347$987$714$510$134
28 years$1,727$1,269$917$654$460$114
29 years$1,650$1,198$854$600$416$97
30 years$1,578$1,131$795$550$376$82
31 years$1,510$1,069$741$505$340$70
32 years$1,447$1,012$692$464$307$59
33 years$1,388$958$646$427$278$50
34 years$1,332$908$603$393$252$43
35 years$1,280$861$564$362$228$36
36 years$1,231$817$528$333$207$31
37 years$1,184$776$494$307$187$26
38 years$1,140$738$463$283$170$22
39 years$1,099$702$433$261$154$19
40 years$1,060$667$406$241$140$16
41 years$1,022$635$381$222$127$14
42 years$987$605$357$205$115$12
43 years$953$577$335$189$104$10
44 years$921$550$315$175$95$8
45 years$890$524$296$161$86$7
46 years$861$500$278$149$78$6
47 years$833$477$261$138$71$5
48 years$807$455$245$127$64$4
49 years$781$435$230$118$58$4
50 years$757$415$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $775,000, adding $3,601 every year, while hoping to spend $47,674 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: 45/27/28 Blend
60$775,000$775,000$775,000$775,000
61$857,764$816,689$804,677$889,279
62$894,532$805,982$780,909$901,331
63$933,451$793,153$754,747$909,536
64$974,693$778,047$726,060$917,521
65$1,018,440$760,500$694,712$925,291
66$1,064,897$740,340$660,561$932,856
67$1,114,283$717,384$623,456$940,231
68$1,166,841$691,436$583,243$947,436
69$1,222,835$662,293$539,757$954,498
70$1,282,555$629,736$492,830$961,448
71$1,346,318$593,536$442,283$968,328
72$1,414,474$553,450$387,930$975,189
73$1,487,402$509,221$329,578$982,091
74$1,565,522$460,578$267,024$989,105
75$1,649,291$407,232$200,055$996,317
76$1,739,214$348,882$128,452$1,003,826
77$1,835,842$285,206$51,984$1,011,749
78$1,939,782$215,865$0$1,020,222
79$2,051,699$140,502$0$1,038,250
80$2,172,325$58,739$0$1,074,313
81$2,302,463$0$0$1,113,148
82$2,442,994$0$0$1,163,934
83$2,594,888$0$0$1,237,760
84$2,759,210$0$0$1,317,703
85$2,937,133$0$0$1,404,341
86$3,129,942$0$0$1,498,312
87$3,339,055$0$0$1,600,315
88$3,566,027$0$0$1,711,122
89$3,812,573$0$0$1,831,579
90$4,080,574$0$0$1,962,620
91$4,372,103$0$0$2,105,270
92$4,689,441$0$0$2,260,658
93$5,035,096$0$0$2,430,026
94$5,411,829$0$0$2,614,741
95$5,822,678$0$0$2,816,308
96$6,270,987$0$0$3,036,383
97$6,760,437$0$0$3,276,789
98$7,295,080$0$0$3,539,534
99$7,879,376$0$0$3,826,826
100$8,518,237$0$0$4,141,100