Can I retire at age 61 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$64,577$64,002$63,440$62,893$62,358$60,900
2 years$31,969$31,373$30,796$30,237$29,694$28,234
3 years$21,101$20,503$19,927$19,373$18,839$17,422
4 years$15,668$15,072$14,502$13,957$13,436$12,073
5 years$12,409$11,816$11,254$10,720$10,214$8,908
6 years$10,237$9,649$9,095$8,573$8,082$6,835
7 years$8,686$8,103$7,558$7,049$6,573$5,385
8 years$7,524$6,946$6,410$5,913$5,453$4,324
9 years$6,620$6,048$5,521$5,036$4,592$3,521
10 years$5,898$5,331$4,813$4,341$3,913$2,899
11 years$5,307$4,746$4,237$3,778$3,365$2,406
12 years$4,815$4,259$3,761$3,314$2,916$2,011
13 years$4,399$3,849$3,360$2,926$2,543$1,690
14 years$4,043$3,499$3,019$2,597$2,229$1,426
15 years$3,734$3,196$2,726$2,316$1,963$1,208
16 years$3,465$2,933$2,471$2,074$1,735$1,027
17 years$3,227$2,701$2,249$1,863$1,538$875
18 years$3,016$2,496$2,053$1,679$1,368$747
19 years$2,827$2,313$1,879$1,517$1,219$639
20 years$2,658$2,149$1,725$1,374$1,089$547
21 years$2,505$2,002$1,586$1,247$974$469
22 years$2,366$1,869$1,462$1,134$873$403
23 years$2,239$1,748$1,350$1,033$784$346
24 years$2,123$1,638$1,248$942$705$298
25 years$2,016$1,537$1,156$860$634$256
26 years$1,918$1,444$1,072$787$571$221
27 years$1,827$1,359$996$720$515$190
28 years$1,743$1,281$926$660$465$164
29 years$1,665$1,208$861$605$420$141
30 years$1,592$1,141$802$555$379$122
31 years$1,524$1,079$748$510$343$105
32 years$1,460$1,021$698$469$310$91
33 years$1,400$967$652$431$281$78
34 years$1,344$916$609$396$254$68
35 years$1,292$869$569$365$230$58
36 years$1,242$825$533$336$208$50
37 years$1,195$783$498$310$189$44
38 years$1,151$744$467$285$171$38
39 years$1,109$708$437$263$155$33
40 years$1,069$674$410$243$141$28
41 years$1,031$641$384$224$128$24
42 years$996$611$361$207$116$21
43 years$962$582$338$191$105$18
44 years$929$555$318$176$96$16
45 years$898$529$298$163$87$14
46 years$869$504$280$150$79$12
47 years$841$481$263$139$72$10
48 years$814$460$247$128$65$9
49 years$788$439$232$119$59$8
50 years$764$419$219$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $782,000, adding $4,026 every year, while hoping to spend $25,407 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: 43/40/17 Blend
60$782,000$782,000$782,000$782,000
61$865,917$824,471$812,350$898,710
62$927,207$837,837$812,531$935,550
63$993,898$851,007$811,866$972,620
64$1,066,513$863,943$810,301$1,012,243
65$1,145,629$876,608$807,777$1,054,666
66$1,231,880$888,958$804,234$1,100,162
67$1,325,964$900,950$799,609$1,149,030
68$1,428,650$912,535$793,834$1,201,604
69$1,540,785$923,661$786,840$1,258,251
70$1,663,300$934,275$778,554$1,319,377
71$1,797,220$944,318$768,899$1,385,430
72$1,943,674$953,727$757,794$1,456,903
73$2,103,905$962,436$745,157$1,534,345
74$2,279,282$970,374$730,898$1,618,357
75$2,471,312$977,466$714,926$1,709,607
76$2,681,655$983,630$697,145$1,808,831
77$2,912,138$988,783$677,454$1,916,841
78$3,164,774$992,831$655,747$2,034,534
79$3,441,781$995,680$631,914$2,162,901
80$3,745,599$997,225$605,840$2,303,035
81$4,078,919$997,358$577,405$2,456,145
82$4,444,702$995,962$546,481$2,623,563
83$4,846,212$992,914$512,939$2,806,760
84$5,287,043$988,084$476,639$3,007,360
85$5,771,154$981,333$437,439$3,227,157
86$6,302,906$972,513$395,188$3,468,129
87$6,887,105$961,468$349,729$3,732,460
88$7,529,043$948,033$300,898$4,022,560
89$8,234,551$932,032$248,524$4,341,089
90$9,010,054$913,281$192,428$4,690,980
91$9,862,629$891,581$132,424$5,075,474
92$10,800,073$866,724$68,316$5,498,143
93$11,830,977$838,491$0$5,962,930
94$12,964,807$806,646$0$6,474,202
95$14,211,989$770,945$0$7,049,967
96$15,584,015$731,124$0$7,683,154
97$17,093,543$686,907$0$8,379,645
98$18,754,522$638,003$0$9,145,928
99$20,582,320$584,102$0$9,989,154
100$22,593,870$524,877$0$10,917,210