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%13.8%
1 years$50,456$50,006$49,568$49,140$48,722$47,954
2 years$24,978$24,513$24,062$23,625$23,201$22,430
3 years$16,487$16,019$15,570$15,137$14,720$13,968
4 years$12,242$11,776$11,331$10,905$10,498$9,773
5 years$9,696$9,233$8,793$8,376$7,981$7,284
6 years$7,999$7,539$7,106$6,699$6,315$5,647
7 years$6,787$6,331$5,905$5,507$5,136$4,497
8 years$5,879$5,427$5,008$4,620$4,260$3,651
9 years$5,172$4,725$4,314$3,935$3,588$3,007
10 years$4,608$4,165$3,761$3,392$3,057$2,504
11 years$4,146$3,708$3,311$2,952$2,629$2,104
12 years$3,762$3,328$2,938$2,589$2,278$1,780
13 years$3,437$3,008$2,625$2,286$1,987$1,515
14 years$3,159$2,734$2,359$2,029$1,742$1,295
15 years$2,918$2,497$2,130$1,810$1,533$1,112
16 years$2,707$2,291$1,931$1,620$1,355$957
17 years$2,521$2,110$1,757$1,456$1,202$827
18 years$2,356$1,950$1,604$1,312$1,068$716
19 years$2,209$1,807$1,468$1,186$952$621
20 years$2,077$1,679$1,347$1,074$851$539
21 years$1,957$1,564$1,239$975$761$469
22 years$1,848$1,460$1,142$886$682$409
23 years$1,749$1,366$1,055$807$613$357
24 years$1,659$1,280$975$736$551$311
25 years$1,575$1,201$903$672$495$272
26 years$1,498$1,129$838$615$446$238
27 years$1,428$1,062$778$563$402$208
28 years$1,362$1,001$723$515$363$182
29 years$1,301$944$673$473$328$160
30 years$1,244$892$627$434$296$140
31 years$1,191$843$585$398$268$123
32 years$1,141$798$545$366$242$107
33 years$1,094$755$509$337$219$94
34 years$1,050$716$476$310$198$83
35 years$1,009$679$445$285$180$73
36 years$970$644$416$263$163$64
37 years$934$612$389$242$148$56
38 years$899$582$365$223$134$49
39 years$866$553$342$206$121$43
40 years$835$526$320$190$110$38
41 years$806$501$300$175$100$33
42 years$778$477$282$162$91$29
43 years$751$455$264$149$82$26
44 years$726$433$248$138$75$22
45 years$702$413$233$127$68$20
46 years$679$394$219$117$62$17
47 years$657$376$206$109$56$15
48 years$636$359$193$100$51$13
49 years$616$343$182$93$46$12
50 years$597$328$171$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $611,000, adding $5,041 every year, while hoping to spend $52,903 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: 83/10/7 Blend
60$611,000$611,000$611,000$611,000
61$678,522$646,139$636,668$733,979
62$691,443$621,511$601,708$746,335
63$703,908$593,904$563,804$752,262
64$715,817$563,115$522,801$757,126
65$727,053$528,930$478,538$760,788
66$737,489$491,125$430,846$763,097
67$746,983$449,460$379,549$763,883
68$755,375$403,683$324,463$762,962
69$762,486$353,527$265,397$760,128
70$768,121$298,710$202,148$755,158
71$772,057$238,935$134,508$747,804
72$774,051$173,887$62,258$737,793
73$773,831$103,234$0$724,825
74$771,094$26,625$0$709,679
75$765,506$0$0$695,918
76$756,693$0$0$684,702
77$744,245$0$0$673,082
78$727,704$0$0$657,712
79$706,564$0$0$638,127
80$680,263$0$0$613,814
81$648,180$0$0$584,205
82$609,629$0$0$548,671
83$563,849$0$0$506,517
84$509,998$0$0$456,971
85$447,147$0$0$399,184
86$374,266$0$0$332,214
87$290,219$0$0$255,022
88$193,750$0$0$166,456
89$83,469$0$0$65,248
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