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%12.5%
1 years$50,456$50,006$49,568$49,140$48,722$48,213
2 years$24,978$24,513$24,062$23,625$23,201$22,689
3 years$16,487$16,019$15,570$15,137$14,720$14,220
4 years$12,242$11,776$11,331$10,905$10,498$10,014
5 years$9,696$9,233$8,793$8,376$7,981$7,514
6 years$7,999$7,539$7,106$6,699$6,315$5,867
7 years$6,787$6,331$5,905$5,507$5,136$4,706
8 years$5,879$5,427$5,008$4,620$4,260$3,849
9 years$5,172$4,725$4,314$3,935$3,588$3,195
10 years$4,608$4,165$3,761$3,392$3,057$2,682
11 years$4,146$3,708$3,311$2,952$2,629$2,271
12 years$3,762$3,328$2,938$2,589$2,278$1,938
13 years$3,437$3,008$2,625$2,286$1,987$1,663
14 years$3,159$2,734$2,359$2,029$1,742$1,434
15 years$2,918$2,497$2,130$1,810$1,533$1,242
16 years$2,707$2,291$1,931$1,620$1,355$1,079
17 years$2,521$2,110$1,757$1,456$1,202$941
18 years$2,356$1,950$1,604$1,312$1,068$822
19 years$2,209$1,807$1,468$1,186$952$720
20 years$2,077$1,679$1,347$1,074$851$631
21 years$1,957$1,564$1,239$975$761$555
22 years$1,848$1,460$1,142$886$682$488
23 years$1,749$1,366$1,055$807$613$430
24 years$1,659$1,280$975$736$551$379
25 years$1,575$1,201$903$672$495$335
26 years$1,498$1,129$838$615$446$296
27 years$1,428$1,062$778$563$402$261
28 years$1,362$1,001$723$515$363$231
29 years$1,301$944$673$473$328$205
30 years$1,244$892$627$434$296$181
31 years$1,191$843$585$398$268$161
32 years$1,141$798$545$366$242$142
33 years$1,094$755$509$337$219$126
34 years$1,050$716$476$310$198$112
35 years$1,009$679$445$285$180$99
36 years$970$644$416$263$163$88
37 years$934$612$389$242$148$78
38 years$899$582$365$223$134$69
39 years$866$553$342$206$121$62
40 years$835$526$320$190$110$55
41 years$806$501$300$175$100$49
42 years$778$477$282$162$91$43
43 years$751$455$264$149$82$38
44 years$726$433$248$138$75$34
45 years$702$413$233$127$68$30
46 years$679$394$219$117$62$27
47 years$657$376$206$109$56$24
48 years$636$359$193$100$51$21
49 years$616$343$182$93$46$19
50 years$597$328$171$86$42$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $611,000, adding $3,317 every year, while hoping to spend $33,418 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: 53/20/27 Blend
60$611,000$611,000$611,000$611,000
61$676,743$644,360$634,890$707,359
62$710,215$640,378$620,602$724,928
63$745,980$635,080$604,716$740,354
64$784,238$628,367$587,142$756,471
65$825,207$620,133$567,788$773,358
66$869,125$610,267$546,556$791,104
67$916,256$598,649$523,345$809,809
68$966,885$585,154$498,048$829,585
69$1,021,330$569,649$470,555$850,557
70$1,079,936$551,993$440,749$872,866
71$1,143,084$532,036$408,510$896,670
72$1,211,194$509,620$373,709$922,145
73$1,284,723$484,579$336,216$949,485
74$1,364,176$456,735$295,891$978,912
75$1,450,109$425,902$252,590$1,010,668
76$1,543,131$391,881$206,163$1,045,028
77$1,643,912$354,465$156,451$1,082,294
78$1,753,189$313,432$103,290$1,122,806
79$1,871,773$268,549$46,509$1,166,939
80$2,000,554$219,569$0$1,215,113
81$2,140,514$166,231$0$1,271,851
82$2,292,731$108,261$0$1,348,177
83$2,458,392$45,367$0$1,431,308
84$2,638,801$0$0$1,521,943
85$2,835,397$0$0$1,625,860
86$3,049,759$0$0$1,750,110
87$3,283,629$0$0$1,885,723
88$3,538,921$0$0$2,033,818
89$3,817,745$0$0$2,195,624
90$4,122,421$0$0$2,372,497
91$4,455,505$0$0$2,565,928
92$4,819,810$0$0$2,777,559
93$5,218,434$0$0$3,009,198
94$5,654,789$0$0$3,262,837
95$6,132,630$0$0$3,540,668
96$6,656,095$0$0$3,845,106
97$7,229,737$0$0$4,178,811
98$7,858,575$0$0$4,544,710
99$8,548,134$0$0$4,946,031
100$9,304,499$0$0$5,386,326