Can I retire at age 61 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$52,025$51,561$51,109$50,668$50,237$48,983
2 years$25,755$25,275$24,810$24,360$23,922$22,667
3 years$16,999$16,518$16,054$15,607$15,177$13,960
4 years$12,622$12,142$11,683$11,244$10,825$9,654
5 years$9,997$9,520$9,067$8,637$8,229$7,108
6 years$8,247$7,773$7,327$6,907$6,511$5,442
7 years$6,998$6,528$6,089$5,678$5,295$4,278
8 years$6,061$5,596$5,164$4,764$4,393$3,427
9 years$5,333$4,872$4,448$4,057$3,699$2,784
10 years$4,751$4,295$3,878$3,498$3,152$2,286
11 years$4,275$3,823$3,414$3,044$2,711$1,893
12 years$3,879$3,432$3,030$2,670$2,349$1,578
13 years$3,544$3,101$2,707$2,357$2,049$1,322
14 years$3,257$2,819$2,432$2,092$1,796$1,113
15 years$3,008$2,575$2,196$1,866$1,581$940
16 years$2,791$2,363$1,991$1,671$1,397$797
17 years$2,600$2,176$1,812$1,501$1,239$677
18 years$2,430$2,011$1,654$1,353$1,102$576
19 years$2,278$1,863$1,514$1,222$982$491
20 years$2,141$1,732$1,389$1,107$877$420
21 years$2,018$1,613$1,278$1,005$785$359
22 years$1,906$1,506$1,178$914$704$307
23 years$1,804$1,408$1,088$832$632$263
24 years$1,710$1,319$1,006$759$568$225
25 years$1,624$1,238$932$693$511$193
26 years$1,545$1,164$864$634$460$166
27 years$1,472$1,095$802$580$415$143
28 years$1,404$1,032$746$531$374$123
29 years$1,341$973$694$487$338$105
30 years$1,282$919$646$447$305$91
31 years$1,228$869$603$411$276$78
32 years$1,176$822$562$378$250$67
33 years$1,128$779$525$347$226$58
34 years$1,083$738$491$319$205$50
35 years$1,041$700$459$294$185$43
36 years$1,001$664$429$271$168$37
37 years$963$631$402$250$152$32
38 years$927$600$376$230$138$27
39 years$893$570$352$212$125$23
40 years$861$543$330$196$114$20
41 years$831$517$310$180$103$17
42 years$802$492$290$167$93$15
43 years$775$469$273$154$85$13
44 years$749$447$256$142$77$11
45 years$724$426$240$131$70$10
46 years$700$406$226$121$63$8
47 years$677$388$212$112$58$7
48 years$656$370$199$103$52$6
49 years$635$354$187$96$48$5
50 years$615$338$176$88$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $630,000, adding $6,406 every year, while hoping to spend $24,704 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: 53/30/17 Blend
60$630,000$630,000$630,000$630,000
61$700,868$667,478$657,713$734,469
62$746,071$673,899$653,461$764,594
63$795,058$679,808$648,239$794,208
64$848,187$685,151$641,989$825,886
65$905,854$689,876$634,647$859,829
66$968,495$693,923$626,151$896,264
67$1,036,587$697,232$616,434$935,438
68$1,110,658$699,735$605,423$977,625
69$1,191,287$701,364$593,047$1,023,130
70$1,279,112$702,044$579,227$1,072,287
71$1,374,834$701,696$563,884$1,125,468
72$1,479,224$700,237$546,931$1,183,082
73$1,593,133$697,577$528,282$1,245,582
74$1,717,497$693,622$507,843$1,313,469
75$1,853,344$688,272$485,518$1,387,296
76$2,001,809$681,421$461,207$1,467,673
77$2,164,139$672,956$434,803$1,555,275
78$2,341,708$662,758$406,195$1,650,849
79$2,536,029$650,700$375,270$1,755,217
80$2,748,768$636,648$341,905$1,869,290
81$2,981,759$620,461$305,976$1,994,072
82$3,237,023$601,988$267,351$2,130,673
83$3,516,785$581,071$225,892$2,280,318
84$3,823,494$557,540$181,457$2,444,360
85$4,159,849$531,219$133,894$2,624,294
86$4,528,822$501,917$83,049$2,821,768
87$4,933,689$469,438$28,757$3,038,604
88$5,378,053$433,568$0$3,276,811
89$5,865,889$394,087$0$3,543,902
90$6,401,570$350,759$0$3,842,943
91$6,989,918$303,334$0$4,171,450
92$7,636,243$251,550$0$4,532,439
93$8,346,393$195,129$0$4,929,241
94$9,126,813$133,778$0$5,365,527
95$9,984,602$67,187$0$5,845,345
96$10,927,581$0$0$6,373,160
97$11,964,367$0$0$6,955,537
98$13,104,455$0$0$7,620,397
99$14,358,302$0$0$8,351,667
100$15,737,433$0$0$9,156,078