Can I retire at age 61 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$52,107$51,643$51,190$50,748$50,317$49,120
2 years$25,796$25,315$24,850$24,398$23,960$22,762
3 years$17,026$16,544$16,079$15,632$15,201$14,039
4 years$12,642$12,161$11,702$11,262$10,842$9,723
5 years$10,013$9,535$9,081$8,650$8,242$7,171
6 years$8,260$7,786$7,339$6,918$6,521$5,499
7 years$7,009$6,539$6,099$5,687$5,304$4,330
8 years$6,071$5,605$5,172$4,771$4,400$3,475
9 years$5,342$4,880$4,455$4,064$3,705$2,828
10 years$4,759$4,301$3,884$3,503$3,157$2,326
11 years$4,282$3,829$3,419$3,049$2,715$1,930
12 years$3,885$3,437$3,034$2,674$2,353$1,612
13 years$3,549$3,106$2,711$2,361$2,052$1,354
14 years$3,262$2,823$2,436$2,096$1,799$1,142
15 years$3,013$2,579$2,199$1,869$1,584$967
16 years$2,796$2,366$1,994$1,674$1,400$821
17 years$2,604$2,179$1,814$1,504$1,241$699
18 years$2,434$2,014$1,656$1,355$1,103$596
19 years$2,281$1,866$1,516$1,224$984$509
20 years$2,145$1,734$1,392$1,109$879$436
21 years$2,021$1,615$1,280$1,006$786$374
22 years$1,909$1,508$1,180$915$705$321
23 years$1,806$1,410$1,089$833$633$275
24 years$1,713$1,321$1,007$760$569$237
25 years$1,627$1,240$933$694$512$203
26 years$1,548$1,165$865$635$461$175
27 years$1,474$1,097$804$581$415$151
28 years$1,406$1,034$747$532$375$130
29 years$1,343$975$695$488$339$112
30 years$1,284$921$648$448$306$96
31 years$1,230$870$604$411$277$83
32 years$1,178$824$563$378$250$72
33 years$1,130$780$526$348$226$62
34 years$1,085$739$491$320$205$53
35 years$1,042$701$459$295$186$46
36 years$1,002$666$430$271$168$40
37 years$964$632$402$250$152$34
38 years$929$601$377$230$138$30
39 years$895$571$353$212$125$26
40 years$863$543$331$196$114$22
41 years$832$517$310$181$103$19
42 years$803$493$291$167$94$16
43 years$776$469$273$154$85$14
44 years$750$447$256$142$77$12
45 years$725$427$241$131$70$11
46 years$701$407$226$121$64$9
47 years$678$388$212$112$58$8
48 years$657$371$200$104$52$7
49 years$636$354$188$96$48$6
50 years$616$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 $631,000, adding $6,381 every year, while hoping to spend $38,623 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: 80/9/11 Blend
60$631,000$631,000$631,000$631,000
61$701,944$668,501$658,721$756,243
62$732,448$660,163$639,693$784,461
63$764,768$650,122$618,734$809,741
64$799,050$638,254$595,737$836,349
65$835,452$624,426$570,593$864,400
66$874,146$608,501$543,185$894,020
67$915,321$590,330$513,394$925,349
68$959,184$569,756$481,093$958,540
69$1,005,962$546,616$446,151$993,763
70$1,055,903$520,733$408,430$1,031,203
71$1,109,280$491,923$367,787$1,071,068
72$1,166,389$459,990$324,070$1,113,584
73$1,227,558$424,727$277,124$1,159,003
74$1,293,146$385,916$226,785$1,207,602
75$1,363,545$343,324$172,881$1,259,685
76$1,439,188$296,708$115,234$1,315,591
77$1,520,549$245,810$53,657$1,375,692
78$1,608,146$190,357$0$1,440,399
79$1,702,553$130,060$0$1,511,579
80$1,804,396$64,615$0$1,595,133
81$1,914,364$0$0$1,685,332
82$2,033,216$0$0$1,783,436
83$2,161,784$0$0$1,896,496
84$2,300,983$0$0$2,018,920
85$2,451,819$0$0$2,151,594
86$2,615,398$0$0$2,295,493
87$2,792,938$0$0$2,451,689
88$2,985,776$0$0$2,621,362
89$3,195,384$0$0$2,805,810
90$3,423,382$0$0$3,006,458
91$3,671,550$0$0$3,224,878
92$3,941,850$0$0$3,462,798
93$4,236,438$0$0$3,722,118
94$4,557,688$0$0$4,004,931
95$4,908,214$0$0$4,313,541
96$5,290,890$0$0$4,650,482
97$5,708,884$0$0$5,018,546
98$6,165,681$0$0$5,420,804
99$6,665,117$0$0$5,860,639
100$7,211,418$0$0$6,341,775