Can I retire at age 61 with 612,000?

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 $612,000?

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$50,538$50,088$49,649$49,220$48,802$47,070
2 years$25,019$24,553$24,101$23,664$23,239$21,513
3 years$16,514$16,046$15,595$15,162$14,744$13,077
4 years$12,262$11,795$11,349$10,923$10,515$8,922
5 years$9,711$9,248$8,808$8,390$7,994$6,476
6 years$8,012$7,551$7,118$6,709$6,325$4,886
7 years$6,798$6,342$5,915$5,516$5,144$3,782
8 years$5,888$5,436$5,016$4,627$4,267$2,982
9 years$5,181$4,733$4,321$3,942$3,594$2,383
10 years$4,615$4,172$3,767$3,398$3,062$1,924
11 years$4,153$3,714$3,316$2,957$2,633$1,566
12 years$3,768$3,333$2,943$2,594$2,282$1,282
13 years$3,443$3,012$2,629$2,290$1,990$1,055
14 years$3,164$2,738$2,363$2,033$1,744$871
15 years$2,922$2,501$2,133$1,813$1,536$722
16 years$2,711$2,295$1,934$1,623$1,357$600
17 years$2,525$2,114$1,760$1,458$1,204$500
18 years$2,360$1,953$1,606$1,314$1,070$417
19 years$2,213$1,810$1,471$1,188$954$348
20 years$2,080$1,682$1,350$1,076$852$292
21 years$1,960$1,567$1,241$976$762$244
22 years$1,851$1,463$1,144$888$683$205
23 years$1,752$1,368$1,056$808$614$172
24 years$1,661$1,282$977$737$551$144
25 years$1,578$1,203$905$673$496$121
26 years$1,501$1,130$839$616$447$102
27 years$1,430$1,064$779$563$403$85
28 years$1,364$1,002$725$516$364$72
29 years$1,303$946$674$473$328$60
30 years$1,246$893$628$434$297$51
31 years$1,193$844$585$399$268$43
32 years$1,143$799$546$367$243$36
33 years$1,096$757$510$337$220$30
34 years$1,052$717$477$310$199$25
35 years$1,011$680$446$286$180$21
36 years$972$645$417$263$163$18
37 years$935$613$390$242$148$15
38 years$901$583$365$223$134$13
39 years$868$554$342$206$122$11
40 years$837$527$321$190$110$9
41 years$807$502$301$175$100$8
42 years$779$478$282$162$91$6
43 years$753$455$265$149$82$5
44 years$727$434$249$138$75$5
45 years$703$414$233$127$68$4
46 years$680$395$219$118$62$3
47 years$658$377$206$109$56$3
48 years$637$360$194$100$51$2
49 years$617$343$182$93$46$2
50 years$598$328$171$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $612,000, adding $2,634 every year, while hoping to spend $46,977 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: 77/11/12 Blend
60$612,000$612,000$612,000$612,000
61$677,141$644,705$635,219$727,515
62$696,226$626,312$606,516$742,662
63$715,684$605,444$575,276$753,029
64$735,502$581,929$541,366$763,069
65$755,666$555,587$504,645$772,733
66$776,159$526,226$464,966$781,965
67$796,960$493,643$422,175$790,705
68$818,044$457,626$376,112$798,889
69$839,382$417,947$326,609$806,444
70$860,940$374,368$273,492$813,293
71$882,680$326,635$216,577$819,351
72$904,555$274,483$155,675$824,525
73$926,515$217,627$90,585$828,715
74$948,500$155,772$21,100$831,809
75$970,443$88,601$0$833,690
76$992,268$15,782$0$841,017
77$1,013,889$0$0$850,181
78$1,035,208$0$0$865,980
79$1,056,115$0$0$883,329
80$1,076,487$0$0$900,212
81$1,096,186$0$0$916,511
82$1,115,056$0$0$932,092
83$1,132,922$0$0$946,810
84$1,149,592$0$0$960,497
85$1,164,846$0$0$972,969
86$1,178,444$0$0$984,021
87$1,190,114$0$0$993,421
88$1,199,556$0$0$1,000,915
89$1,206,434$0$0$1,006,217
90$1,210,376$0$0$1,009,012
91$1,210,969$0$0$1,008,946
92$1,207,751$0$0$1,005,630
93$1,200,214$0$0$998,629
94$1,187,789$0$0$987,463
95$1,169,850$0$0$971,597
96$1,145,699$0$0$950,440
97$1,114,565$0$0$923,338
98$1,075,594$0$0$889,563
99$1,027,839$0$0$848,313
100$970,253$0$0$798,698