Can I retire at age 61 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$51,116$50,661$50,217$49,783$49,360$48,967
2 years$25,305$24,834$24,377$23,934$23,505$23,108
3 years$16,703$16,229$15,774$15,335$14,912$14,525
4 years$12,402$11,930$11,479$11,048$10,636$10,261
5 years$9,822$9,353$8,908$8,486$8,085$7,723
6 years$8,103$7,638$7,199$6,786$6,397$6,049
7 years$6,876$6,414$5,983$5,579$5,203$4,868
8 years$5,956$5,498$5,074$4,680$4,316$3,996
9 years$5,240$4,787$4,370$3,987$3,635$3,328
10 years$4,668$4,220$3,810$3,437$3,097$2,804
11 years$4,201$3,756$3,354$2,991$2,664$2,384
12 years$3,811$3,372$2,977$2,623$2,308$2,041
13 years$3,482$3,047$2,659$2,316$2,013$1,759
14 years$3,200$2,770$2,390$2,056$1,764$1,523
15 years$2,956$2,530$2,157$1,833$1,554$1,324
16 years$2,742$2,321$1,956$1,642$1,373$1,155
17 years$2,554$2,138$1,780$1,475$1,217$1,011
18 years$2,387$1,975$1,625$1,329$1,082$887
19 years$2,238$1,831$1,487$1,201$965$780
20 years$2,104$1,701$1,365$1,088$862$688
21 years$1,983$1,585$1,256$987$771$607
22 years$1,872$1,479$1,157$898$691$536
23 years$1,772$1,384$1,069$818$621$475
24 years$1,680$1,296$988$746$558$421
25 years$1,596$1,216$915$681$502$373
26 years$1,518$1,143$849$623$452$331
27 years$1,446$1,076$788$570$408$294
28 years$1,380$1,014$733$522$368$261
29 years$1,318$956$682$479$332$232
30 years$1,260$903$635$439$300$207
31 years$1,206$854$592$404$271$184
32 years$1,156$808$553$371$245$164
33 years$1,109$765$516$341$222$146
34 years$1,064$725$482$314$201$130
35 years$1,022$688$451$289$182$116
36 years$983$653$422$266$165$104
37 years$946$620$395$245$150$92
38 years$911$589$370$226$136$82
39 years$878$560$346$208$123$74
40 years$846$533$324$192$112$66
41 years$816$507$304$177$101$59
42 years$788$483$285$164$92$52
43 years$761$461$268$151$83$47
44 years$735$439$251$139$76$42
45 years$711$419$236$129$69$37
46 years$688$399$222$119$62$33
47 years$665$381$208$110$57$30
48 years$644$364$196$102$51$27
49 years$624$347$184$94$47$24
50 years$604$332$173$87$42$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $619,000, adding $6,451 every year, while hoping to spend $49,005 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: 53/29/18 Blend
60$619,000$619,000$619,000$619,000
61$688,792$655,985$646,391$721,607
62$706,908$635,988$615,904$724,801
63$725,229$613,368$582,753$722,576
64$743,725$587,945$546,798$719,082
65$762,360$559,529$507,891$714,213
66$781,093$527,918$465,877$707,856
67$799,877$492,899$420,597$699,889
68$818,660$454,246$371,882$690,180
69$837,380$411,721$319,557$678,590
70$855,969$365,071$263,438$664,968
71$874,348$314,031$203,334$649,151
72$892,432$258,318$139,045$630,966
73$910,120$197,636$70,364$610,226
74$927,302$131,670$0$586,731
75$943,854$60,089$0$560,828
76$959,636$0$0$546,181
77$974,492$0$0$534,628
78$988,248$0$0$541,574
79$1,000,710$0$0$547,730
80$1,011,660$0$0$552,968
81$1,020,856$0$0$557,146
82$1,028,030$0$0$560,104
83$1,032,882$0$0$561,668
84$1,035,078$0$0$561,640
85$1,034,248$0$0$559,804
86$1,029,983$0$0$555,918
87$1,021,824$0$0$549,715
88$1,009,268$0$0$540,898
89$991,751$0$0$529,138
90$968,654$0$0$514,069
91$939,287$0$0$495,289
92$902,887$0$0$472,350
93$858,609$0$0$444,757
94$805,519$0$0$411,962
95$742,584$0$0$373,361
96$668,658$0$0$328,283
97$582,477$0$0$275,987
98$482,643$0$0$215,655
99$367,609$0$0$146,382
100$235,668$0$0$67,168