Can I retire at age 61 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$51,034$50,579$50,136$49,703$49,280$48,544
2 years$25,264$24,794$24,338$23,896$23,467$22,726
3 years$16,676$16,203$15,748$15,310$14,888$14,167
4 years$12,382$11,911$11,461$11,030$10,618$9,922
5 years$9,807$9,338$8,894$8,472$8,072$7,402
6 years$8,090$7,625$7,188$6,775$6,387$5,745
7 years$6,865$6,404$5,973$5,570$5,194$4,580
8 years$5,946$5,489$5,066$4,673$4,309$3,723
9 years$5,232$4,779$4,363$3,980$3,629$3,070
10 years$4,661$4,213$3,804$3,431$3,092$2,560
11 years$4,194$3,750$3,349$2,986$2,659$2,153
12 years$3,805$3,366$2,972$2,619$2,305$1,824
13 years$3,476$3,042$2,655$2,312$2,010$1,554
14 years$3,195$2,765$2,386$2,053$1,762$1,331
15 years$2,951$2,526$2,154$1,831$1,551$1,144
16 years$2,738$2,318$1,953$1,639$1,371$987
17 years$2,550$2,134$1,777$1,473$1,215$853
18 years$2,383$1,972$1,622$1,327$1,081$740
19 years$2,234$1,828$1,485$1,199$963$642
20 years$2,100$1,699$1,363$1,086$860$559
21 years$1,979$1,582$1,254$986$770$487
22 years$1,869$1,477$1,155$896$690$425
23 years$1,769$1,381$1,067$816$620$371
24 years$1,678$1,294$987$744$557$325
25 years$1,593$1,215$914$680$501$284
26 years$1,516$1,141$848$622$451$249
27 years$1,444$1,074$787$569$407$218
28 years$1,377$1,012$732$521$367$191
29 years$1,316$955$681$478$332$168
30 years$1,258$902$634$439$300$147
31 years$1,204$853$591$403$271$129
32 years$1,154$807$552$370$245$113
33 years$1,107$764$515$341$222$100
34 years$1,062$724$481$313$201$88
35 years$1,021$687$450$288$182$77
36 years$982$652$421$266$165$68
37 years$944$619$394$245$149$60
38 years$909$588$369$226$135$52
39 years$876$559$346$208$123$46
40 years$845$532$324$192$111$40
41 years$815$507$304$177$101$36
42 years$787$483$285$163$92$31
43 years$760$460$267$151$83$28
44 years$734$438$251$139$76$24
45 years$710$418$236$129$69$21
46 years$687$399$221$119$62$19
47 years$664$380$208$110$57$17
48 years$643$363$195$101$51$15
49 years$623$347$184$94$47$13
50 years$603$331$173$87$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $618,000, adding $2,042 every year, while hoping to spend $36,459 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: 61/28/11 Blend
60$618,000$618,000$618,000$618,000
61$683,142$650,388$640,809$722,937
62$714,031$643,465$623,484$742,954
63$746,848$634,981$604,357$760,445
64$781,752$624,821$583,328$778,634
65$818,916$612,862$560,295$797,589
66$858,530$598,977$535,150$817,387
67$900,801$583,027$507,778$838,117
68$945,956$564,870$478,063$859,873
69$994,246$544,351$445,880$882,766
70$1,045,943$521,308$411,101$906,917
71$1,101,347$495,570$373,590$932,461
72$1,160,787$466,955$333,208$959,551
73$1,224,623$435,272$289,807$988,355
74$1,293,252$400,318$243,233$1,019,065
75$1,367,108$361,878$193,325$1,051,889
76$1,446,669$319,725$139,918$1,087,064
77$1,532,459$273,621$82,834$1,124,853
78$1,625,053$223,313$21,893$1,165,547
79$1,725,085$168,531$0$1,209,471
80$1,833,250$108,996$0$1,262,053
81$1,950,312$44,407$0$1,321,701
82$2,077,112$0$0$1,386,315
83$2,214,574$0$0$1,464,292
84$2,363,712$0$0$1,563,778
85$2,525,645$0$0$1,671,841
86$2,701,602$0$0$1,789,305
87$2,892,934$0$0$1,917,079
88$3,101,129$0$0$2,056,162
89$3,327,822$0$0$2,207,653
90$3,574,816$0$0$2,372,761
91$3,844,090$0$0$2,552,818
92$4,137,827$0$0$2,749,289
93$4,458,427$0$0$2,963,787
94$4,808,531$0$0$3,198,087
95$5,191,050$0$0$3,454,144
96$5,609,186$0$0$3,734,108
97$6,066,463$0$0$4,040,349
98$6,566,765$0$0$4,375,476
99$7,114,366$0$0$4,742,361
100$7,713,972$0$0$5,144,166