Can I retire at age 61 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$50,951$50,497$50,055$49,622$49,200$48,089
2 years$25,223$24,754$24,298$23,857$23,429$22,315
3 years$16,649$16,177$15,723$15,285$14,864$13,783
4 years$12,362$11,892$11,442$11,012$10,601$9,561
5 years$9,791$9,323$8,880$8,458$8,059$7,062
6 years$8,077$7,613$7,176$6,764$6,377$5,425
7 years$6,854$6,393$5,963$5,561$5,186$4,279
8 years$5,936$5,480$5,057$4,665$4,302$3,440
9 years$5,223$4,772$4,356$3,974$3,623$2,804
10 years$4,653$4,206$3,798$3,425$3,087$2,311
11 years$4,187$3,744$3,343$2,981$2,655$1,921
12 years$3,799$3,361$2,967$2,615$2,301$1,608
13 years$3,471$3,037$2,651$2,309$2,006$1,353
14 years$3,190$2,761$2,382$2,049$1,759$1,143
15 years$2,946$2,522$2,150$1,828$1,549$970
16 years$2,734$2,314$1,950$1,636$1,369$825
17 years$2,546$2,131$1,774$1,470$1,213$704
18 years$2,380$1,969$1,620$1,325$1,079$602
19 years$2,231$1,825$1,483$1,197$962$516
20 years$2,097$1,696$1,361$1,084$859$442
21 years$1,976$1,580$1,252$984$769$380
22 years$1,866$1,474$1,154$895$689$327
23 years$1,766$1,379$1,065$815$619$281
24 years$1,675$1,292$985$743$556$242
25 years$1,591$1,213$912$679$500$209
26 years$1,513$1,140$846$621$451$180
27 years$1,442$1,072$786$568$406$155
28 years$1,375$1,011$730$520$367$134
29 years$1,313$953$680$477$331$116
30 years$1,256$900$633$438$299$100
31 years$1,202$851$590$402$270$87
32 years$1,152$805$551$370$245$75
33 years$1,105$763$514$340$221$65
34 years$1,061$723$480$313$200$56
35 years$1,019$686$449$288$182$48
36 years$980$651$420$265$164$42
37 years$943$618$393$244$149$36
38 years$908$587$368$225$135$31
39 years$875$559$345$208$123$27
40 years$844$531$323$192$111$23
41 years$814$506$303$177$101$20
42 years$786$482$284$163$92$18
43 years$759$459$267$151$83$15
44 years$733$438$251$139$75$13
45 years$709$417$235$128$68$11
46 years$685$398$221$119$62$10
47 years$663$380$208$110$56$9
48 years$642$363$195$101$51$7
49 years$622$346$183$94$47$6
50 years$602$331$172$86$42$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $617,000, adding $4,120 every year, while hoping to spend $32,984 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: 45/49/6 Blend
60$617,000$617,000$617,000$617,000
61$684,184$651,483$641,919$713,655
62$718,876$648,311$628,329$731,215
63$756,001$643,878$613,178$746,487
64$795,773$638,087$596,379$762,274
65$838,425$630,837$577,841$778,633
66$884,214$622,018$557,468$795,631
67$933,422$611,515$535,162$813,342
68$986,359$599,207$510,817$831,850
69$1,043,363$584,964$484,326$851,250
70$1,104,809$568,650$455,573$871,651
71$1,171,105$550,119$424,440$893,174
72$1,242,702$529,219$390,804$915,956
73$1,320,095$505,788$354,532$940,150
74$1,403,826$479,653$315,491$965,930
75$1,494,494$450,634$273,538$993,490
76$1,592,756$418,539$228,525$1,023,048
77$1,699,334$383,164$180,297$1,054,849
78$1,815,023$344,296$128,694$1,089,167
79$1,940,696$301,707$73,546$1,126,309
80$2,077,315$255,159$14,678$1,166,616
81$2,225,937$204,397$0$1,210,472
82$2,387,726$149,156$0$1,261,388
83$2,563,961$89,152$0$1,317,960
84$2,756,052$24,088$0$1,379,796
85$2,965,550$0$0$1,447,501
86$3,194,160$0$0$1,546,743
87$3,443,761$0$0$1,669,347
88$3,716,421$0$0$1,803,349
89$4,014,416$0$0$1,949,877
90$4,340,253$0$0$2,110,172
91$4,696,691$0$0$2,285,602
92$5,086,768$0$0$2,477,671
93$5,513,830$0$0$2,688,038
94$5,981,561$0$0$2,918,528
95$6,494,018$0$0$3,171,152
96$7,055,670$0$0$3,448,124
97$7,671,436$0$0$3,751,883
98$8,346,738$0$0$4,085,115
99$9,087,544$0$0$4,450,779
100$9,900,429$0$0$4,852,133