Can I retire at age 61 with 619,000?

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 $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%16.4%
1 years$51,116$50,661$50,217$49,783$49,360$48,069
2 years$25,305$24,834$24,377$23,934$23,505$22,213
3 years$16,703$16,229$15,774$15,335$14,912$13,660
4 years$12,402$11,930$11,479$11,048$10,636$9,433
5 years$9,822$9,353$8,908$8,486$8,085$6,935
6 years$8,103$7,638$7,199$6,786$6,397$5,301
7 years$6,876$6,414$5,983$5,579$5,203$4,160
8 years$5,956$5,498$5,074$4,680$4,316$3,326
9 years$5,240$4,787$4,370$3,987$3,635$2,697
10 years$4,668$4,220$3,810$3,437$3,097$2,211
11 years$4,201$3,756$3,354$2,991$2,664$1,827
12 years$3,811$3,372$2,977$2,623$2,308$1,520
13 years$3,482$3,047$2,659$2,316$2,013$1,271
14 years$3,200$2,770$2,390$2,056$1,764$1,068
15 years$2,956$2,530$2,157$1,833$1,554$900
16 years$2,742$2,321$1,956$1,642$1,373$761
17 years$2,554$2,138$1,780$1,475$1,217$645
18 years$2,387$1,975$1,625$1,329$1,082$548
19 years$2,238$1,831$1,487$1,201$965$466
20 years$2,104$1,701$1,365$1,088$862$397
21 years$1,983$1,585$1,256$987$771$339
22 years$1,872$1,479$1,157$898$691$289
23 years$1,772$1,384$1,069$818$621$247
24 years$1,680$1,296$988$746$558$212
25 years$1,596$1,216$915$681$502$181
26 years$1,518$1,143$849$623$452$155
27 years$1,446$1,076$788$570$408$133
28 years$1,380$1,014$733$522$368$114
29 years$1,318$956$682$479$332$98
30 years$1,260$903$635$439$300$84
31 years$1,206$854$592$404$271$72
32 years$1,156$808$553$371$245$62
33 years$1,109$765$516$341$222$53
34 years$1,064$725$482$314$201$45
35 years$1,022$688$451$289$182$39
36 years$983$653$422$266$165$33
37 years$946$620$395$245$150$29
38 years$911$589$370$226$136$25
39 years$878$560$346$208$123$21
40 years$846$533$324$192$112$18
41 years$816$507$304$177$101$16
42 years$788$483$285$164$92$13
43 years$761$461$268$151$83$12
44 years$735$439$251$139$76$10
45 years$711$419$236$129$69$8
46 years$688$399$222$119$62$7
47 years$665$381$208$110$57$6
48 years$644$364$196$102$51$5
49 years$624$347$184$94$47$5
50 years$604$332$173$87$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $619,000, adding $4,305 every year, while hoping to spend $31,126 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: 71/23/6 Blend
60$619,000$619,000$619,000$619,000
61$686,579$653,772$644,177$734,493
62$723,492$652,689$632,639$765,617
63$763,127$650,509$619,672$795,388
64$805,729$647,147$605,193$827,103
65$851,566$642,510$589,120$860,947
66$900,934$636,501$571,364$897,121
67$954,156$629,017$551,832$935,847
68$1,011,589$619,947$530,427$977,372
69$1,073,623$609,177$507,048$1,021,969
70$1,140,689$596,583$481,590$1,069,936
71$1,213,258$582,034$453,943$1,121,606
72$1,291,850$565,394$423,990$1,177,344
73$1,377,036$546,516$391,611$1,237,555
74$1,469,444$525,245$356,680$1,302,684
75$1,569,764$501,419$319,065$1,373,225
76$1,678,755$474,864$278,629$1,449,721
77$1,797,253$445,397$235,228$1,532,773
78$1,926,177$412,825$188,712$1,623,045
79$2,066,537$376,944$138,924$1,721,268
80$2,219,446$337,536$85,701$1,828,251
81$2,386,129$294,375$28,871$1,944,886
82$2,567,934$247,219$0$2,072,158
83$2,766,342$195,812$0$2,213,190
84$2,982,987$139,885$0$2,369,251
85$3,219,666$79,154$0$2,539,830
86$3,478,358$13,318$0$2,726,401
87$3,761,240$0$0$2,930,593
88$4,070,710$0$0$3,168,866
89$4,409,411$0$0$3,433,364
90$4,780,248$0$0$3,722,990
91$5,186,425$0$0$4,040,250
92$5,631,468$0$0$4,387,902
93$6,119,259$0$0$4,768,984
94$6,654,077$0$0$5,186,843
95$7,240,632$0$0$5,645,163
96$7,884,113$0$0$6,148,004
97$8,590,234$0$0$6,699,835
98$9,365,291$0$0$7,305,583
99$10,216,217$0$0$7,970,672
100$11,150,651$0$0$8,701,076