Can I retire at age 61 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$64,742$64,165$63,603$63,053$62,517$61,105
2 years$32,050$31,454$30,875$30,314$29,770$28,355
3 years$21,155$20,555$19,978$19,423$18,887$17,514
4 years$15,708$15,110$14,539$13,993$13,471$12,149
5 years$12,441$11,847$11,283$10,748$10,240$8,974
6 years$10,263$9,674$9,118$8,595$8,103$6,893
7 years$8,709$8,124$7,577$7,067$6,590$5,437
8 years$7,543$6,964$6,426$5,928$5,467$4,371
9 years$6,637$6,063$5,535$5,049$4,604$3,563
10 years$5,913$5,344$4,825$4,353$3,923$2,937
11 years$5,320$4,758$4,248$3,788$3,374$2,441
12 years$4,827$4,270$3,770$3,323$2,924$2,043
13 years$4,410$3,859$3,368$2,933$2,549$1,719
14 years$4,053$3,508$3,027$2,604$2,235$1,453
15 years$3,744$3,204$2,733$2,322$1,968$1,233
16 years$3,473$2,940$2,477$2,079$1,739$1,049
17 years$3,235$2,708$2,254$1,868$1,542$895
18 years$3,024$2,502$2,058$1,684$1,371$765
19 years$2,835$2,319$1,884$1,521$1,222$655
20 years$2,665$2,155$1,729$1,378$1,092$562
21 years$2,511$2,007$1,590$1,250$977$483
22 years$2,372$1,874$1,466$1,137$876$415
23 years$2,244$1,752$1,353$1,035$786$357
24 years$2,128$1,642$1,252$944$706$308
25 years$2,021$1,541$1,159$862$636$265
26 years$1,923$1,448$1,075$789$573$229
27 years$1,832$1,363$998$722$516$198
28 years$1,747$1,284$928$661$466$171
29 years$1,669$1,211$864$606$421$147
30 years$1,596$1,144$805$557$380$127
31 years$1,528$1,082$750$511$344$110
32 years$1,464$1,023$700$470$311$95
33 years$1,404$969$653$432$281$82
34 years$1,348$919$610$397$255$71
35 years$1,295$871$571$366$231$61
36 years$1,245$827$534$337$209$53
37 years$1,198$785$500$311$189$46
38 years$1,154$746$468$286$172$40
39 years$1,112$710$438$264$156$34
40 years$1,072$675$411$243$141$30
41 years$1,034$643$385$225$128$26
42 years$998$612$361$207$116$22
43 years$964$583$339$191$106$19
44 years$932$556$318$177$96$17
45 years$901$530$299$163$87$14
46 years$871$506$281$151$79$13
47 years$843$483$264$139$72$11
48 years$816$461$248$129$65$9
49 years$790$440$233$119$59$8
50 years$765$420$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 $784,000, adding $5,868 every year, while hoping to spend $29,040 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: 47/38/15 Blend
60$784,000$784,000$784,000$784,000
61$870,021$828,469$816,317$906,979
62$927,865$838,165$812,765$942,899
63$990,635$847,364$808,121$978,426
64$1,058,804$856,009$802,318$1,016,352
65$1,132,891$864,042$795,284$1,056,911
66$1,213,467$871,401$786,947$1,100,361
67$1,301,159$878,019$777,228$1,146,991
68$1,396,660$883,824$766,048$1,197,116
69$1,500,729$888,741$753,320$1,251,089
70$1,614,204$892,690$738,957$1,309,296
71$1,738,006$895,585$722,865$1,372,167
72$1,873,149$897,335$704,948$1,440,175
73$2,020,749$897,844$685,103$1,513,845
74$2,182,036$897,008$663,224$1,593,755
75$2,358,362$894,720$639,200$1,680,545
76$2,551,216$890,863$612,915$1,774,924
77$2,762,239$885,314$584,246$1,877,673
78$2,993,237$877,944$553,068$1,989,655
79$3,246,198$868,614$519,246$2,111,826
80$3,523,311$857,177$482,643$2,245,239
81$3,826,990$843,479$443,112$2,391,059
82$4,159,889$827,356$400,502$2,550,574
83$4,524,934$808,633$354,655$2,725,204
84$4,925,346$787,125$305,405$2,916,519
85$5,364,676$762,638$252,580$3,126,253
86$5,846,830$734,965$195,999$3,356,320
87$6,376,116$703,887$135,474$3,608,833
88$6,957,275$669,173$70,808$3,886,128
89$7,595,532$630,578$1,795$4,190,779
90$8,296,643$587,843$0$4,525,633
91$9,066,948$540,695$0$4,905,329
92$9,913,432$488,843$0$5,322,889
93$10,843,789$431,984$0$5,781,886
94$11,866,497$369,792$0$6,286,585
95$12,990,895$301,928$0$6,841,684
96$14,227,273$228,029$0$7,452,371
97$15,586,969$147,716$0$8,124,363
98$17,082,471$60,586$0$8,863,971
99$18,727,542$0$0$9,678,153
100$20,537,343$0$0$10,588,709