Can I retire at age 61 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$64,990$64,411$63,846$63,295$62,756$62,413
2 years$32,173$31,574$30,993$30,430$29,884$29,538
3 years$21,236$20,634$20,055$19,497$18,960$18,621
4 years$15,768$15,168$14,595$14,046$13,522$13,194
5 years$12,488$11,892$11,326$10,789$10,279$9,962
6 years$10,303$9,711$9,153$8,628$8,134$7,828
7 years$8,742$8,155$7,606$7,094$6,615$6,321
8 years$7,572$6,990$6,451$5,951$5,488$5,206
9 years$6,662$6,086$5,556$5,069$4,621$4,351
10 years$5,935$5,365$4,844$4,369$3,938$3,679
11 years$5,341$4,776$4,264$3,803$3,387$3,139
12 years$4,846$4,287$3,785$3,335$2,935$2,698
13 years$4,427$3,874$3,381$2,945$2,559$2,334
14 years$4,068$3,521$3,038$2,614$2,243$2,029
15 years$3,758$3,217$2,743$2,331$1,975$1,771
16 years$3,487$2,951$2,487$2,087$1,746$1,552
17 years$3,248$2,718$2,263$1,875$1,548$1,364
18 years$3,035$2,512$2,066$1,690$1,376$1,202
19 years$2,845$2,328$1,891$1,527$1,227$1,061
20 years$2,675$2,163$1,736$1,383$1,096$939
21 years$2,521$2,015$1,596$1,255$981$833
22 years$2,381$1,881$1,471$1,141$879$739
23 years$2,253$1,759$1,359$1,039$789$657
24 years$2,136$1,648$1,256$948$709$585
25 years$2,029$1,547$1,164$866$638$521
26 years$1,930$1,454$1,079$792$575$465
27 years$1,839$1,368$1,002$725$518$415
28 years$1,754$1,289$932$664$468$370
29 years$1,675$1,216$867$609$422$331
30 years$1,602$1,148$808$559$382$296
31 years$1,534$1,086$753$513$345$265
32 years$1,469$1,027$702$472$312$237
33 years$1,409$973$656$434$282$212
34 years$1,353$922$613$399$256$190
35 years$1,300$875$573$367$232$170
36 years$1,250$830$536$338$210$153
37 years$1,203$788$502$312$190$137
38 years$1,158$749$470$287$172$123
39 years$1,116$712$440$265$156$110
40 years$1,076$678$413$244$142$99
41 years$1,038$645$387$225$129$89
42 years$1,002$614$363$208$117$80
43 years$968$585$340$192$106$71
44 years$935$558$320$177$96$64
45 years$904$532$300$164$87$57
46 years$874$508$282$151$79$52
47 years$846$484$265$140$72$46
48 years$819$463$249$129$65$42
49 years$793$442$234$119$59$37
50 years$768$422$220$110$54$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $787,000, adding $5,432 every year, while hoping to spend $38,570 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: 25/45/30 Blend
60$787,000$787,000$787,000$787,000
61$872,877$831,166$818,968$886,428
62$920,872$830,855$805,365$897,973
63$972,470$829,236$790,014$906,739
64$1,027,998$826,204$772,815$915,350
65$1,087,814$821,649$753,664$923,820
66$1,152,313$815,451$732,454$932,169
67$1,221,927$807,486$709,069$940,422
68$1,297,132$797,621$683,391$948,610
69$1,378,451$785,716$655,296$956,772
70$1,466,458$771,622$624,654$964,957
71$1,561,785$755,180$591,329$973,221
72$1,665,127$736,223$555,178$981,633
73$1,777,247$714,575$516,053$990,274
74$1,898,985$690,048$473,799$999,239
75$2,031,264$662,443$428,255$1,008,638
76$2,175,102$631,551$379,250$1,018,600
77$2,331,615$597,150$326,607$1,029,273
78$2,502,034$559,005$270,143$1,040,829
79$2,687,713$516,868$209,664$1,053,463
80$2,890,140$470,475$144,969$1,067,400
81$3,110,957$419,550$75,847$1,082,895
82$3,351,966$363,800$2,080$1,100,238
83$3,615,154$302,914$0$1,119,761
84$3,902,708$236,565$0$1,166,370
85$4,217,035$164,407$0$1,218,259
86$4,560,785$86,076$0$1,275,320
87$4,936,877$1,185$0$1,338,174
88$5,348,523$0$0$1,407,512
89$5,799,262$0$0$1,529,006
90$6,292,989$0$0$1,662,864
91$6,833,996$0$0$1,809,680
92$7,427,008$0$0$1,970,753
93$8,077,230$0$0$2,147,514
94$8,790,393$0$0$2,341,541
95$9,572,812$0$0$2,554,570
96$10,431,439$0$0$2,788,516
97$11,373,936$0$0$3,045,486
98$12,408,740$0$0$3,327,801
99$13,545,146$0$0$3,638,021
100$14,793,393$0$0$3,978,962