Can I retire at age 61 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$50,456$50,006$49,568$49,140$48,722$48,517
2 years$24,978$24,513$24,062$23,625$23,201$22,994
3 years$16,487$16,019$15,570$15,137$14,720$14,517
4 years$12,242$11,776$11,331$10,905$10,498$10,301
5 years$9,696$9,233$8,793$8,376$7,981$7,790
6 years$7,999$7,539$7,106$6,699$6,315$6,131
7 years$6,787$6,331$5,905$5,507$5,136$4,959
8 years$5,879$5,427$5,008$4,620$4,260$4,091
9 years$5,172$4,725$4,314$3,935$3,588$3,425
10 years$4,608$4,165$3,761$3,392$3,057$2,901
11 years$4,146$3,708$3,311$2,952$2,629$2,480
12 years$3,762$3,328$2,938$2,589$2,278$2,136
13 years$3,437$3,008$2,625$2,286$1,987$1,851
14 years$3,159$2,734$2,359$2,029$1,742$1,612
15 years$2,918$2,497$2,130$1,810$1,533$1,410
16 years$2,707$2,291$1,931$1,620$1,355$1,238
17 years$2,521$2,110$1,757$1,456$1,202$1,090
18 years$2,356$1,950$1,604$1,312$1,068$963
19 years$2,209$1,807$1,468$1,186$952$852
20 years$2,077$1,679$1,347$1,074$851$756
21 years$1,957$1,564$1,239$975$761$671
22 years$1,848$1,460$1,142$886$682$597
23 years$1,749$1,366$1,055$807$613$532
24 years$1,659$1,280$975$736$551$475
25 years$1,575$1,201$903$672$495$424
26 years$1,498$1,129$838$615$446$379
27 years$1,428$1,062$778$563$402$339
28 years$1,362$1,001$723$515$363$304
29 years$1,301$944$673$473$328$272
30 years$1,244$892$627$434$296$244
31 years$1,191$843$585$398$268$219
32 years$1,141$798$545$366$242$196
33 years$1,094$755$509$337$219$176
34 years$1,050$716$476$310$198$158
35 years$1,009$679$445$285$180$142
36 years$970$644$416$263$163$128
37 years$934$612$389$242$148$115
38 years$899$582$365$223$134$103
39 years$866$553$342$206$121$93
40 years$835$526$320$190$110$83
41 years$806$501$300$175$100$75
42 years$778$477$282$162$91$67
43 years$751$455$264$149$82$61
44 years$726$433$248$138$75$55
45 years$702$413$233$127$68$49
46 years$679$394$219$117$62$44
47 years$657$376$206$109$56$40
48 years$636$359$193$100$51$36
49 years$616$343$182$93$46$32
50 years$597$328$171$86$42$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $611,000, adding $2,791 every year, while hoping to spend $53,191 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: 38/44/18 Blend
60$611,000$611,000$611,000$611,000
61$676,201$643,818$634,347$698,143
62$688,579$618,770$599,003$689,136
63$700,436$590,712$560,692$674,143
64$711,664$559,441$519,259$656,825
65$722,141$524,740$474,541$637,003
66$731,729$486,383$426,368$614,482
67$740,277$444,127$374,564$589,055
68$747,616$397,720$318,942$560,499
69$753,556$346,891$259,309$528,575
70$757,886$291,356$195,464$493,026
71$760,374$230,816$127,195$453,576
72$760,758$164,952$54,282$409,929
73$758,751$93,430$0$361,768
74$754,031$15,896$0$313,268
75$746,244$0$0$270,963
76$734,994$0$0$257,005
77$719,845$0$0$249,062
78$700,311$0$0$239,232
79$675,857$0$0$227,289
80$645,889$0$0$212,984
81$609,748$0$0$196,039
82$566,707$0$0$176,147
83$515,961$0$0$152,970
84$456,619$0$0$126,133
85$387,698$0$0$95,221
86$308,109$0$0$59,778
87$216,648$0$0$19,297
88$111,988$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0