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%15.2%
1 years$63,999$63,429$62,873$62,330$61,800$60,478
2 years$31,683$31,093$30,521$29,966$29,428$28,103
3 years$20,912$20,319$19,749$19,200$18,671$17,383
4 years$15,528$14,937$14,372$13,832$13,316$12,076
5 years$12,298$11,711$11,153$10,624$10,123$8,934
6 years$10,145$9,563$9,014$8,496$8,010$6,874
7 years$8,609$8,031$7,490$6,985$6,514$5,431
8 years$7,456$6,884$6,352$5,860$5,404$4,374
9 years$6,561$5,994$5,471$4,991$4,551$3,572
10 years$5,845$5,283$4,770$4,303$3,878$2,950
11 years$5,259$4,703$4,199$3,745$3,335$2,456
12 years$4,772$4,221$3,727$3,284$2,890$2,060
13 years$4,359$3,815$3,330$2,900$2,520$1,737
14 years$4,006$3,468$2,992$2,574$2,209$1,471
15 years$3,701$3,168$2,701$2,296$1,945$1,250
16 years$3,434$2,906$2,449$2,055$1,719$1,066
17 years$3,198$2,677$2,229$1,847$1,524$912
18 years$2,989$2,473$2,034$1,664$1,355$781
19 years$2,802$2,292$1,862$1,504$1,208$671
20 years$2,634$2,130$1,709$1,362$1,079$577
21 years$2,482$1,984$1,572$1,236$966$496
22 years$2,344$1,852$1,449$1,124$866$428
23 years$2,219$1,732$1,338$1,024$777$369
24 years$2,104$1,623$1,237$934$698$319
25 years$1,998$1,523$1,146$853$628$275
26 years$1,901$1,431$1,063$780$566$238
27 years$1,811$1,347$987$714$510$206
28 years$1,727$1,269$917$654$460$178
29 years$1,650$1,198$854$600$416$154
30 years$1,578$1,131$795$550$376$134
31 years$1,510$1,069$741$505$340$116
32 years$1,447$1,012$692$464$307$100
33 years$1,388$958$646$427$278$87
34 years$1,332$908$603$393$252$75
35 years$1,280$861$564$362$228$65
36 years$1,231$817$528$333$207$57
37 years$1,184$776$494$307$187$49
38 years$1,140$738$463$283$170$43
39 years$1,099$702$433$261$154$37
40 years$1,060$667$406$241$140$32
41 years$1,022$635$381$222$127$28
42 years$987$605$357$205$115$24
43 years$953$577$335$189$104$21
44 years$921$550$315$175$95$18
45 years$890$524$296$161$86$16
46 years$861$500$278$149$78$14
47 years$833$477$261$138$71$12
48 years$807$455$245$127$64$10
49 years$781$435$230$118$58$9
50 years$757$415$217$109$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $775,000, adding $6,610 every year, while hoping to spend $20,581 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: 75/16/9 Blend
60$775,000$775,000$775,000$775,000
61$860,868$819,793$807,781$923,642
62$926,779$838,065$812,943$984,172
63$998,722$856,542$817,589$1,047,227
64$1,077,293$875,214$821,679$1,115,742
65$1,163,143$894,066$825,172$1,190,251
66$1,256,994$913,085$828,025$1,271,342
67$1,359,636$932,255$830,193$1,359,663
68$1,471,942$951,559$831,627$1,455,928
69$1,594,872$970,977$832,279$1,560,922
70$1,729,485$990,491$832,096$1,675,512
71$1,876,944$1,010,076$831,023$1,800,652
72$2,038,531$1,029,709$829,001$1,937,391
73$2,215,661$1,049,364$825,972$2,086,887
74$2,409,887$1,069,011$821,871$2,250,416
75$2,622,923$1,088,621$816,631$2,429,382
76$2,856,656$1,108,159$810,184$2,625,332
77$3,113,166$1,127,589$802,456$2,839,973
78$3,394,741$1,146,873$793,370$3,075,182
79$3,703,904$1,165,970$782,847$3,333,031
80$4,043,433$1,184,833$770,803$3,615,799
81$4,416,389$1,203,415$757,150$3,926,001
82$4,826,142$1,221,664$741,797$4,266,405
83$5,276,407$1,239,524$724,646$4,640,064
84$5,771,277$1,256,937$705,598$5,050,340
85$6,315,259$1,273,838$684,547$5,500,939
86$6,913,319$1,290,160$661,383$5,995,944
87$7,570,929$1,305,829$635,990$6,539,853
88$8,294,117$1,320,769$608,250$7,137,627
89$9,089,526$1,334,896$578,035$7,794,728
90$9,964,473$1,348,121$545,215$8,517,177
91$10,927,021$1,360,350$509,651$9,311,611
92$11,986,053$1,371,483$471,200$10,185,341
93$13,151,357$1,381,413$429,712$11,146,426
94$14,433,718$1,390,024$385,030$12,203,744
95$15,845,019$1,397,197$336,990$13,367,082
96$17,398,353$1,402,802$285,422$14,647,225
97$19,108,148$1,406,702$230,146$16,056,056
98$20,990,299$1,408,750$170,975$17,606,672
99$23,062,322$1,408,792$107,716$19,313,507
100$25,343,519$1,406,663$40,165$21,192,465