Can I retire at age 61 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$64,247$63,674$63,116$62,571$62,039$60,936
2 years$31,805$31,213$30,639$30,082$29,542$28,435
3 years$20,993$20,398$19,825$19,274$18,743$17,665
4 years$15,588$14,995$14,428$13,886$13,368$12,328
5 years$12,346$11,756$11,197$10,666$10,162$9,164
6 years$10,185$9,600$9,048$8,529$8,041$7,085
7 years$8,642$8,062$7,519$7,012$6,539$5,626
8 years$7,485$6,910$6,377$5,883$5,425$4,555
9 years$6,586$6,017$5,492$5,011$4,569$3,740
10 years$5,867$5,303$4,788$4,319$3,893$3,105
11 years$5,280$4,721$4,216$3,759$3,348$2,601
12 years$4,790$4,238$3,741$3,297$2,901$2,194
13 years$4,376$3,830$3,343$2,911$2,530$1,861
14 years$4,022$3,481$3,003$2,584$2,218$1,585
15 years$3,715$3,180$2,712$2,304$1,953$1,356
16 years$3,447$2,918$2,458$2,063$1,726$1,164
17 years$3,210$2,687$2,237$1,854$1,530$1,002
18 years$3,000$2,483$2,042$1,671$1,361$864
19 years$2,813$2,301$1,870$1,510$1,213$746
20 years$2,644$2,138$1,716$1,367$1,083$646
21 years$2,492$1,992$1,578$1,241$969$560
22 years$2,353$1,859$1,455$1,128$869$486
23 years$2,227$1,739$1,343$1,028$780$422
24 years$2,112$1,629$1,242$937$701$367
25 years$2,006$1,529$1,150$856$631$320
26 years$1,908$1,437$1,067$783$568$278
27 years$1,818$1,352$991$716$512$243
28 years$1,734$1,274$921$656$462$212
29 years$1,656$1,202$857$602$417$184
30 years$1,584$1,135$798$552$377$161
31 years$1,516$1,073$744$507$341$141
32 years$1,453$1,016$694$466$308$123
33 years$1,393$962$648$429$279$107
34 years$1,338$911$606$394$253$94
35 years$1,285$865$566$363$229$82
36 years$1,236$821$530$334$207$71
37 years$1,189$779$496$308$188$62
38 years$1,145$741$464$284$170$55
39 years$1,103$704$435$262$155$48
40 years$1,064$670$408$242$140$42
41 years$1,026$638$382$223$127$36
42 years$991$607$359$206$115$32
43 years$957$579$337$190$105$28
44 years$924$552$316$175$95$24
45 years$894$526$297$162$86$21
46 years$864$502$279$150$78$19
47 years$836$479$262$138$71$16
48 years$810$457$246$128$65$14
49 years$784$437$231$118$59$12
50 years$760$417$217$109$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $778,000, adding $4,590 every year, while hoping to spend $20,346 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: 59/32/9 Blend
60$778,000$778,000$778,000$778,000
61$862,091$820,857$808,798$910,916
62$928,376$839,431$814,244$962,836
63$1,000,740$858,233$819,192$1,016,711
64$1,079,782$877,253$823,601$1,074,953
65$1,166,161$896,479$827,433$1,137,983
66$1,260,603$915,900$830,645$1,206,263
67$1,363,905$935,500$833,192$1,280,305
68$1,476,948$955,264$835,029$1,360,672
69$1,600,700$975,175$836,105$1,447,981
70$1,736,227$995,214$836,371$1,542,917
71$1,884,704$1,015,361$835,771$1,646,230
72$2,047,424$1,035,594$834,250$1,758,749
73$2,225,812$1,055,889$831,748$1,881,386
74$2,421,436$1,076,219$828,203$2,015,147
75$2,636,025$1,096,556$823,549$2,161,140
76$2,871,481$1,116,869$817,720$2,320,586
77$3,129,900$1,137,124$810,642$2,494,829
78$3,413,593$1,157,286$802,242$2,685,353
79$3,725,103$1,177,316$792,440$2,893,790
80$4,067,231$1,197,172$781,154$3,121,942
81$4,443,064$1,216,810$768,299$3,371,792
82$4,856,003$1,236,180$753,783$3,645,525
83$5,309,794$1,255,231$737,514$3,945,553
84$5,808,564$1,273,908$719,391$4,274,530
85$6,356,859$1,292,152$699,312$4,635,383
86$6,959,689$1,309,897$677,169$5,031,338
87$7,622,572$1,327,077$652,849$5,465,949
88$8,351,588$1,343,617$626,233$5,943,134
89$9,153,437$1,359,441$597,199$6,467,212
90$10,035,498$1,374,465$565,616$7,042,940
91$11,005,905$1,388,600$531,350$7,675,565
92$12,073,617$1,401,751$494,260$8,370,867
93$13,248,507$1,413,817$454,199$9,135,218
94$14,541,452$1,424,692$411,012$9,975,639
95$15,964,438$1,434,259$364,538$10,899,870
96$17,530,671$1,442,398$314,610$11,916,440
97$19,254,702$1,448,978$261,052$13,034,752
98$21,152,565$1,453,861$203,681$14,265,167
99$23,241,927$1,456,901$142,305$15,619,105
100$25,542,256$1,457,942$76,725$17,109,151