Can I retire at age 61 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$51,694$51,234$50,785$50,346$49,918$49,315
2 years$25,591$25,115$24,653$24,205$23,771$23,163
3 years$16,891$16,413$15,952$15,508$15,081$14,489
4 years$12,542$12,065$11,609$11,173$10,756$10,183
5 years$9,934$9,459$9,009$8,582$8,176$7,625
6 years$8,195$7,724$7,281$6,863$6,470$5,940
7 years$6,954$6,487$6,050$5,642$5,262$4,754
8 years$6,023$5,560$5,131$4,733$4,365$3,880
9 years$5,299$4,841$4,419$4,032$3,676$3,213
10 years$4,721$4,267$3,853$3,475$3,132$2,690
11 years$4,248$3,799$3,392$3,025$2,694$2,273
12 years$3,854$3,410$3,010$2,653$2,334$1,934
13 years$3,521$3,081$2,690$2,342$2,036$1,656
14 years$3,236$2,801$2,417$2,079$1,784$1,424
15 years$2,989$2,559$2,182$1,854$1,571$1,230
16 years$2,773$2,348$1,978$1,660$1,389$1,066
17 years$2,583$2,162$1,800$1,492$1,231$926
18 years$2,414$1,998$1,643$1,344$1,095$807
19 years$2,263$1,852$1,504$1,215$976$705
20 years$2,128$1,721$1,381$1,100$872$616
21 years$2,005$1,603$1,270$998$780$540
22 years$1,894$1,496$1,170$908$699$474
23 years$1,792$1,399$1,081$827$628$416
24 years$1,699$1,311$999$754$564$366
25 years$1,614$1,230$926$689$508$322
26 years$1,535$1,156$858$630$457$283
27 years$1,463$1,088$797$576$412$250
28 years$1,395$1,025$741$528$372$220
29 years$1,333$967$690$484$336$194
30 years$1,274$914$642$444$303$172
31 years$1,220$864$599$408$274$151
32 years$1,169$817$559$375$248$134
33 years$1,121$774$522$345$225$118
34 years$1,076$733$487$317$203$104
35 years$1,034$696$456$292$184$92
36 years$994$660$426$269$167$82
37 years$957$627$399$248$151$72
38 years$921$596$374$229$137$64
39 years$888$567$350$211$124$57
40 years$856$539$328$194$113$50
41 years$826$513$308$179$102$44
42 years$797$489$289$165$93$39
43 years$770$466$271$153$84$35
44 years$744$444$254$141$76$31
45 years$719$423$239$130$69$27
46 years$695$404$224$120$63$24
47 years$673$385$211$111$57$21
48 years$651$368$198$103$52$19
49 years$631$351$186$95$47$17
50 years$611$336$175$88$43$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $626,000, adding $6,169 every year, while hoping to spend $48,297 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: 54/27/19 Blend
60$626,000$626,000$626,000$626,000
61$696,215$663,037$653,334$729,913
62$715,842$644,139$623,833$734,759
63$735,851$622,695$591,725$734,409
64$756,232$598,531$556,872$732,974
65$776,969$571,461$519,129$730,364
66$798,045$541,287$478,345$726,484
67$819,438$507,803$434,362$721,231
68$841,124$470,788$387,016$714,496
69$863,071$430,009$336,133$706,160
70$885,245$385,221$281,535$696,100
71$907,607$336,163$223,033$684,179
72$930,110$282,562$160,432$670,256
73$952,701$224,128$93,526$654,176
74$975,319$160,553$22,102$635,774
75$997,896$91,514$0$614,874
76$1,020,353$16,670$0$602,260
77$1,042,602$0$0$592,251
78$1,064,543$0$0$599,311
79$1,086,063$0$0$611,041
80$1,107,036$0$0$622,411
81$1,127,319$0$0$633,335
82$1,146,752$0$0$643,718
83$1,165,158$0$0$653,452
84$1,182,337$0$0$662,418
85$1,198,066$0$0$670,481
86$1,212,095$0$0$677,492
87$1,224,148$0$0$683,285
88$1,233,915$0$0$687,674
89$1,241,054$0$0$690,454
90$1,245,180$0$0$691,395
91$1,245,870$0$0$690,244
92$1,242,652$0$0$686,717
93$1,235,000$0$0$680,502
94$1,222,335$0$0$671,251
95$1,204,011$0$0$658,578
96$1,179,313$0$0$642,057
97$1,147,450$0$0$621,214
98$1,107,543$0$0$595,526
99$1,058,622$0$0$564,413
100$999,612$0$0$527,232