Can I retire at age 61 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$64,659$64,083$63,522$62,973$62,438$60,342
2 years$32,010$31,413$30,836$30,276$29,732$27,642
3 years$21,128$20,529$19,953$19,398$18,863$16,844
4 years$15,688$15,091$14,520$13,975$13,453$11,520
5 years$12,425$11,832$11,268$10,734$10,227$8,385
6 years$10,250$9,661$9,107$8,584$8,092$6,343
7 years$8,697$8,114$7,568$7,058$6,581$4,924
8 years$7,533$6,955$6,418$5,920$5,460$3,894
9 years$6,629$6,055$5,528$5,043$4,598$3,121
10 years$5,905$5,338$4,819$4,347$3,918$2,528
11 years$5,314$4,752$4,243$3,783$3,369$2,064
12 years$4,821$4,265$3,765$3,318$2,920$1,695
13 years$4,404$3,854$3,364$2,930$2,546$1,400
14 years$4,048$3,503$3,023$2,601$2,232$1,161
15 years$3,739$3,200$2,729$2,319$1,965$965
16 years$3,469$2,936$2,474$2,077$1,737$805
17 years$3,231$2,704$2,252$1,866$1,540$673
18 years$3,020$2,499$2,055$1,682$1,369$564
19 years$2,831$2,316$1,882$1,519$1,220$473
20 years$2,661$2,152$1,727$1,376$1,090$397
21 years$2,508$2,005$1,588$1,249$976$334
22 years$2,369$1,871$1,464$1,136$874$281
23 years$2,242$1,750$1,352$1,034$785$236
24 years$2,125$1,640$1,250$943$706$199
25 years$2,019$1,539$1,158$861$635$168
26 years$1,920$1,446$1,074$788$572$142
27 years$1,829$1,361$997$721$516$119
28 years$1,745$1,283$927$661$465$101
29 years$1,667$1,210$863$606$420$85
30 years$1,594$1,143$803$556$380$72
31 years$1,526$1,080$749$511$343$61
32 years$1,462$1,022$699$469$310$51
33 years$1,402$968$653$431$281$43
34 years$1,346$917$610$397$254$37
35 years$1,293$870$570$365$230$31
36 years$1,244$826$533$337$209$26
37 years$1,197$784$499$310$189$22
38 years$1,152$745$467$286$172$19
39 years$1,110$709$438$264$156$16
40 years$1,070$674$410$243$141$13
41 years$1,033$642$385$224$128$11
42 years$997$611$361$207$116$10
43 years$963$583$339$191$105$8
44 years$930$555$318$176$96$7
45 years$899$529$299$163$87$6
46 years$870$505$280$150$79$5
47 years$842$482$263$139$72$4
48 years$815$460$248$128$65$3
49 years$789$439$233$119$59$3
50 years$764$420$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $783,000, adding $4,049 every year, while hoping to spend $28,047 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: 32/45/23 Blend
60$783,000$783,000$783,000$783,000
61$867,043$825,544$813,407$888,542
62$925,639$836,153$810,814$915,720
63$989,272$846,343$807,195$942,168
64$1,058,427$856,062$802,484$970,084
65$1,133,635$865,258$796,616$999,613
66$1,215,482$873,872$789,519$1,030,920
67$1,304,614$881,845$781,121$1,064,184
68$1,401,739$889,110$771,343$1,099,609
69$1,507,639$895,599$760,106$1,137,416
70$1,623,173$901,238$747,324$1,177,854
71$1,749,287$905,948$732,909$1,221,199
72$1,887,021$909,647$716,769$1,267,757
73$2,037,523$912,245$698,806$1,317,866
74$2,202,054$913,648$678,919$1,371,904
75$2,382,002$913,756$657,003$1,430,287
76$2,578,899$912,463$632,945$1,493,480
77$2,794,428$909,655$606,630$1,561,994
78$3,030,445$905,213$577,937$1,636,398
79$3,288,991$899,009$546,738$1,717,324
80$3,572,316$890,908$512,902$1,805,468
81$3,882,897$880,768$476,289$1,901,604
82$4,223,463$868,436$436,755$2,006,589
83$4,597,019$853,753$394,150$2,121,369
84$5,006,875$836,546$348,313$2,246,996
85$5,456,676$816,637$299,082$2,384,629
86$5,950,439$793,834$246,283$2,535,554
87$6,492,586$767,935$189,736$2,701,193
88$7,087,992$738,725$129,254$2,883,119
89$7,742,023$705,979$64,640$3,083,072
90$8,460,595$669,457$0$3,302,974
91$9,250,220$628,905$0$3,546,012
92$10,118,076$584,055$0$3,830,476
93$11,072,070$534,624$0$4,143,141
94$12,120,913$480,312$0$4,486,936
95$13,274,202$420,803$0$4,865,096
96$14,542,510$355,762$0$5,281,191
97$15,937,488$284,836$0$5,739,163
98$17,471,970$207,652$0$6,243,359
99$19,160,098$123,814$0$6,798,582
100$21,017,454$32,907$0$7,410,128