Can I retire at age 61 with 610,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$50,373$49,925$49,487$49,059$48,642$46,916
2 years$24,937$24,473$24,023$23,586$23,163$21,443
3 years$16,460$15,993$15,544$15,112$14,696$13,035
4 years$12,222$11,757$11,312$10,887$10,481$8,892
5 years$9,680$9,217$8,779$8,363$7,967$6,455
6 years$7,985$7,527$7,095$6,688$6,304$4,870
7 years$6,776$6,321$5,896$5,498$5,127$3,770
8 years$5,869$5,418$5,000$4,612$4,253$2,972
9 years$5,164$4,718$4,306$3,929$3,582$2,375
10 years$4,600$4,158$3,754$3,387$3,052$1,918
11 years$4,140$3,702$3,305$2,947$2,625$1,560
12 years$3,756$3,323$2,933$2,585$2,275$1,278
13 years$3,431$3,003$2,621$2,282$1,984$1,051
14 years$3,153$2,729$2,355$2,026$1,739$869
15 years$2,913$2,493$2,126$1,807$1,531$720
16 years$2,703$2,288$1,928$1,618$1,353$598
17 years$2,517$2,107$1,754$1,454$1,200$498
18 years$2,353$1,947$1,601$1,310$1,067$416
19 years$2,205$1,804$1,466$1,184$951$347
20 years$2,073$1,677$1,345$1,072$849$291
21 years$1,954$1,562$1,237$973$760$243
22 years$1,845$1,458$1,140$885$681$204
23 years$1,746$1,363$1,053$806$612$171
24 years$1,656$1,277$974$735$550$144
25 years$1,573$1,199$902$671$495$120
26 years$1,496$1,127$837$614$446$101
27 years$1,425$1,060$777$562$402$85
28 years$1,360$999$722$515$362$71
29 years$1,299$943$672$472$327$60
30 years$1,242$890$626$433$296$51
31 years$1,189$841$584$398$267$42
32 years$1,139$796$544$366$242$36
33 years$1,092$754$508$336$219$30
34 years$1,049$715$475$309$198$25
35 years$1,008$678$444$285$179$21
36 years$969$643$415$262$163$18
37 years$932$611$389$242$147$15
38 years$898$581$364$223$134$13
39 years$865$552$341$205$121$11
40 years$834$525$320$189$110$9
41 years$805$500$300$175$100$8
42 years$777$476$281$161$90$6
43 years$750$454$264$149$82$5
44 years$725$433$248$137$75$5
45 years$701$412$233$127$68$4
46 years$678$394$218$117$61$3
47 years$656$376$205$108$56$3
48 years$635$358$193$100$51$2
49 years$615$342$181$93$46$2
50 years$596$327$170$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $610,000, adding $3,965 every year, while hoping to spend $45,309 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: 77/15/8 Blend
60$610,000$610,000$610,000$610,000
61$676,310$643,980$634,525$727,307
62$697,085$627,326$607,573$744,718
63$718,461$608,338$578,200$757,575
64$740,450$586,854$546,276$770,352
65$763,067$562,700$511,667$783,025
66$786,324$535,697$474,232$795,563
67$810,234$505,651$433,824$807,935
68$834,810$472,360$390,289$820,108
69$860,063$435,608$343,466$832,044
70$886,006$395,169$293,188$843,704
71$912,648$350,802$239,280$855,045
72$940,000$302,253$181,558$866,021
73$968,072$249,255$119,832$876,581
74$996,871$191,524$53,901$886,673
75$1,026,404$128,761$0$896,236
76$1,056,676$60,650$0$906,614
77$1,087,693$0$0$921,335
78$1,119,455$0$0$937,909
79$1,151,962$0$0$965,115
80$1,185,212$0$0$992,940
81$1,219,200$0$0$1,021,378
82$1,253,917$0$0$1,050,422
83$1,289,352$0$0$1,080,062
84$1,325,489$0$0$1,110,284
85$1,362,306$0$0$1,141,071
86$1,399,781$0$0$1,172,400
87$1,437,881$0$0$1,204,245
88$1,476,570$0$0$1,236,575
89$1,515,804$0$0$1,269,351
90$1,555,531$0$0$1,302,530
91$1,595,692$0$0$1,336,060
92$1,636,216$0$0$1,369,881
93$1,677,024$0$0$1,403,925
94$1,718,022$0$0$1,438,112
95$1,759,105$0$0$1,472,352
96$1,800,152$0$0$1,506,542
97$1,841,028$0$0$1,540,566
98$1,881,576$0$0$1,574,292
99$1,921,622$0$0$1,607,571
100$1,960,970$0$0$1,640,234