Can I retire at age 61 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$50,621$50,170$49,730$49,301$48,881$47,507
2 years$25,060$24,593$24,141$23,702$23,277$21,903
3 years$16,541$16,072$15,621$15,186$14,768$13,437
4 years$12,282$11,815$11,368$10,941$10,533$9,255
5 years$9,727$9,263$8,822$8,404$8,007$6,786
6 years$8,025$7,564$7,129$6,720$6,335$5,173
7 years$6,809$6,352$5,925$5,525$5,152$4,048
8 years$5,898$5,445$5,025$4,635$4,274$3,228
9 years$5,189$4,741$4,328$3,948$3,600$2,609
10 years$4,623$4,179$3,773$3,403$3,067$2,132
11 years$4,160$3,720$3,322$2,962$2,638$1,756
12 years$3,774$3,339$2,948$2,598$2,286$1,456
13 years$3,448$3,017$2,634$2,294$1,993$1,214
14 years$3,169$2,743$2,366$2,036$1,747$1,016
15 years$2,927$2,506$2,137$1,816$1,538$854
16 years$2,716$2,299$1,937$1,626$1,360$719
17 years$2,530$2,117$1,763$1,461$1,206$607
18 years$2,364$1,956$1,609$1,316$1,072$514
19 years$2,216$1,813$1,473$1,190$955$436
20 years$2,083$1,685$1,352$1,077$853$370
21 years$1,963$1,569$1,243$978$764$314
22 years$1,854$1,465$1,146$889$685$267
23 years$1,755$1,370$1,058$810$615$228
24 years$1,664$1,284$979$738$552$194
25 years$1,580$1,205$906$674$497$165
26 years$1,503$1,132$841$617$448$141
27 years$1,432$1,066$781$564$404$120
28 years$1,366$1,004$726$517$364$103
29 years$1,305$947$675$474$329$88
30 years$1,248$895$629$435$297$75
31 years$1,194$846$586$400$269$64
32 years$1,145$800$547$367$243$55
33 years$1,098$758$511$338$220$47
34 years$1,054$718$477$311$199$40
35 years$1,013$681$446$286$180$34
36 years$974$647$417$263$163$29
37 years$937$614$391$243$148$25
38 years$902$584$366$224$134$21
39 years$869$555$343$206$122$18
40 years$838$528$321$190$110$16
41 years$809$503$301$176$100$13
42 years$780$479$283$162$91$11
43 years$754$456$265$150$83$10
44 years$728$435$249$138$75$8
45 years$704$415$234$128$68$7
46 years$681$395$220$118$62$6
47 years$659$377$206$109$56$5
48 years$638$360$194$101$51$4
49 years$618$344$182$93$46$4
50 years$599$329$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $613,000, adding $6,256 every year, while hoping to spend $29,010 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: 37/33/30 Blend
60$613,000$613,000$613,000$613,000
61$681,979$649,490$639,989$700,920
62$720,675$650,449$630,562$716,494
63$762,345$650,482$619,847$730,236
64$807,262$649,514$607,770$744,535
65$855,727$647,464$594,254$759,462
66$908,068$644,246$579,219$775,096
67$964,647$639,771$562,578$791,527
68$1,025,861$633,940$544,245$808,857
69$1,092,149$626,653$524,127$827,200
70$1,163,989$617,800$502,127$846,683
71$1,241,911$607,268$478,144$867,453
72$1,326,496$594,934$452,071$889,671
73$1,418,383$580,670$423,800$913,518
74$1,518,275$564,339$393,214$939,199
75$1,626,945$545,798$360,193$966,942
76$1,745,244$524,893$324,610$997,001
77$1,874,109$501,462$286,334$1,029,662
78$2,014,570$475,336$245,228$1,065,243
79$2,167,760$446,332$201,148$1,104,100
80$2,334,929$414,259$153,944$1,146,629
81$2,517,450$378,916$103,459$1,193,271
82$2,716,836$340,088$49,530$1,244,519
83$2,934,750$297,550$0$1,300,920
84$3,173,028$251,063$0$1,365,653
85$3,433,685$200,374$0$1,453,913
86$3,718,946$145,217$0$1,550,643
87$4,031,257$85,311$0$1,656,743
88$4,373,312$20,358$0$1,773,208
89$4,748,079$0$0$1,901,140
90$5,158,826$0$0$2,059,895
91$5,609,152$0$0$2,242,138
92$6,103,021$0$0$2,442,093
93$6,644,800$0$0$2,661,538
94$7,239,297$0$0$2,902,432
95$7,891,809$0$0$3,166,934
96$8,608,172$0$0$3,457,421
97$9,394,814$0$0$3,776,513
98$10,258,814$0$0$4,127,096
99$11,207,972$0$0$4,512,347
100$12,250,882$0$0$4,935,769