Can I retire at age 61 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$52,273$51,807$51,353$50,909$50,476$49,518
2 years$25,877$25,396$24,928$24,476$24,036$23,075
3 years$17,080$16,596$16,130$15,682$15,250$14,314
4 years$12,683$12,200$11,739$11,298$10,876$9,975
5 years$10,045$9,565$9,110$8,678$8,268$7,403
6 years$8,287$7,811$7,362$6,940$6,542$5,714
7 years$7,031$6,559$6,118$5,706$5,320$4,530
8 years$6,090$5,622$5,188$4,786$4,414$3,661
9 years$5,359$4,895$4,469$4,077$3,717$3,001
10 years$4,774$4,315$3,896$3,514$3,167$2,487
11 years$4,296$3,841$3,430$3,058$2,724$2,079
12 years$3,897$3,448$3,044$2,683$2,360$1,750
13 years$3,561$3,116$2,720$2,368$2,058$1,481
14 years$3,272$2,832$2,444$2,102$1,804$1,260
15 years$3,023$2,587$2,206$1,875$1,589$1,075
16 years$2,804$2,374$2,000$1,679$1,404$921
17 years$2,612$2,186$1,820$1,508$1,245$791
18 years$2,441$2,020$1,662$1,359$1,107$681
19 years$2,289$1,872$1,521$1,228$987$587
20 years$2,151$1,740$1,396$1,112$881$507
21 years$2,027$1,621$1,284$1,010$789$438
22 years$1,915$1,513$1,183$918$707$380
23 years$1,812$1,415$1,093$836$635$329
24 years$1,718$1,326$1,011$763$570$285
25 years$1,632$1,244$936$696$513$248
26 years$1,552$1,169$868$637$462$215
27 years$1,479$1,100$806$583$417$187
28 years$1,411$1,037$749$534$376$163
29 years$1,348$978$697$490$340$142
30 years$1,289$924$650$449$307$123
31 years$1,233$873$606$413$277$107
32 years$1,182$826$565$379$251$93
33 years$1,134$782$528$349$227$81
34 years$1,088$742$493$321$206$71
35 years$1,046$703$461$295$186$62
36 years$1,005$668$431$272$169$54
37 years$967$634$403$251$153$47
38 years$932$603$378$231$139$41
39 years$898$573$354$213$126$36
40 years$865$545$332$197$114$31
41 years$835$519$311$181$103$27
42 years$806$494$292$167$94$24
43 years$778$471$274$154$85$21
44 years$752$449$257$143$77$18
45 years$727$428$241$132$70$16
46 years$703$408$227$122$64$14
47 years$680$390$213$112$58$12
48 years$659$372$200$104$53$10
49 years$638$355$188$96$48$9
50 years$618$339$177$89$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $633,000, adding $5,858 every year, while hoping to spend $20,573 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: 72/15/13 Blend
60$633,000$633,000$633,000$633,000
61$703,609$670,060$660,248$751,898
62$753,487$681,003$660,477$795,605
63$807,764$691,793$660,024$840,366
64$866,865$702,401$658,844$888,830
65$931,262$712,794$656,892$941,361
66$1,001,470$722,941$654,117$998,355
67$1,078,058$732,803$650,469$1,060,251
68$1,161,654$742,344$645,893$1,127,534
69$1,252,946$751,522$640,333$1,200,737
70$1,352,692$760,293$633,731$1,280,446
71$1,461,730$768,610$626,023$1,367,309
72$1,580,977$776,423$617,146$1,462,039
73$1,711,448$783,679$607,031$1,565,422
74$1,854,256$790,320$595,608$1,678,325
75$2,010,631$796,286$582,801$1,801,702
76$2,181,924$801,513$568,534$1,936,606
77$2,369,625$805,931$552,724$2,084,197
78$2,575,373$809,468$535,287$2,245,753
79$2,800,974$812,046$516,132$2,422,683
80$3,048,419$813,582$495,168$2,616,540
81$3,319,899$813,988$472,297$2,829,036
82$3,617,826$813,171$447,416$3,062,058
83$3,944,859$811,031$420,420$3,317,685
84$4,303,928$807,465$391,197$3,598,210
85$4,698,257$802,359$359,631$3,906,158
86$5,131,401$795,596$325,600$4,244,315
87$5,607,274$787,051$288,978$4,615,751
88$6,130,189$776,589$249,632$5,023,847
89$6,704,897$764,071$207,423$5,472,334
90$7,336,632$749,346$162,207$5,965,322
91$8,031,161$732,256$113,834$6,507,340
92$8,794,836$712,634$62,144$7,103,383
93$9,634,659$690,302$6,975$7,758,955
94$10,558,340$665,073$0$8,480,121
95$11,574,376$636,747$0$9,280,767
96$12,692,129$605,114$0$10,162,565
97$13,921,913$569,952$0$11,132,696
98$15,275,094$531,025$0$12,200,138
99$16,764,194$488,086$0$13,374,789
100$18,403,010$440,869$0$14,667,554