Can I retire at age 61 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$50,704$50,252$49,811$49,381$48,961$48,632
2 years$25,101$24,633$24,180$23,741$23,315$22,983
3 years$16,568$16,098$15,646$15,211$14,792$14,468
4 years$12,302$11,834$11,386$10,959$10,550$10,235
5 years$9,743$9,278$8,836$8,417$8,020$7,716
6 years$8,038$7,576$7,141$6,731$6,346$6,054
7 years$6,820$6,362$5,934$5,534$5,161$4,880
8 years$5,907$5,454$5,033$4,643$4,281$4,012
9 years$5,198$4,748$4,335$3,954$3,606$3,348
10 years$4,631$4,186$3,779$3,409$3,072$2,825
11 years$4,167$3,726$3,327$2,967$2,642$2,406
12 years$3,780$3,344$2,953$2,602$2,290$2,065
13 years$3,454$3,022$2,638$2,297$1,997$1,782
14 years$3,174$2,747$2,370$2,039$1,750$1,546
15 years$2,932$2,510$2,140$1,819$1,541$1,347
16 years$2,720$2,303$1,940$1,628$1,362$1,178
17 years$2,534$2,121$1,766$1,463$1,208$1,033
18 years$2,368$1,959$1,612$1,319$1,074$908
19 years$2,220$1,816$1,475$1,191$957$801
20 years$2,087$1,688$1,354$1,079$855$707
21 years$1,967$1,572$1,246$979$765$625
22 years$1,857$1,467$1,148$890$686$554
23 years$1,758$1,372$1,060$811$616$491
24 years$1,667$1,286$980$740$553$436
25 years$1,583$1,207$908$675$498$388
26 years$1,506$1,134$842$618$448$345
27 years$1,435$1,067$782$565$404$307
28 years$1,368$1,006$727$518$365$274
29 years$1,307$949$676$475$329$244
30 years$1,250$896$630$436$298$218
31 years$1,196$847$587$400$269$194
32 years$1,146$801$548$368$243$173
33 years$1,100$759$512$338$220$155
34 years$1,056$719$478$311$199$138
35 years$1,014$682$447$287$181$124
36 years$975$648$418$264$164$111
37 years$938$615$391$243$148$99
38 years$904$585$367$224$134$88
39 years$871$556$343$207$122$79
40 years$839$529$322$191$111$71
41 years$810$503$302$176$100$63
42 years$782$479$283$162$91$57
43 years$755$457$266$150$83$51
44 years$730$435$249$138$75$45
45 years$705$415$234$128$68$41
46 years$682$396$220$118$62$36
47 years$660$378$207$109$56$33
48 years$639$361$194$101$51$29
49 years$619$345$182$93$46$26
50 years$599$329$172$86$42$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $614,000, adding $6,800 every year, while hoping to spend $57,653 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: 72/17/11 Blend
60$614,000$614,000$614,000$614,000
61$683,642$651,100$641,583$730,879
62$692,031$621,662$601,734$733,596
63$699,344$588,849$558,617$728,810
64$705,409$552,434$512,063$722,007
65$710,037$512,180$461,894$712,973
66$713,017$467,832$407,923$701,474
67$714,112$419,124$349,956$687,254
68$713,064$365,773$287,791$670,033
69$709,580$307,480$221,217$649,504
70$703,341$243,930$150,011$625,331
71$693,989$174,790$73,943$597,145
72$681,128$99,707$0$564,541
73$664,321$18,310$0$527,928
74$643,081$0$0$495,288
75$616,872$0$0$470,488
76$585,097$0$0$444,679
77$547,099$0$0$413,913
78$502,147$0$0$377,612
79$449,437$0$0$335,134
80$388,077$0$0$285,772
81$317,081$0$0$228,743
82$235,360$0$0$163,183
83$141,711$0$0$88,136
84$34,803$0$0$2,545
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$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