Can I retire at age 61 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$52,355$51,889$51,434$50,990$50,556$49,637
2 years$25,918$25,436$24,968$24,514$24,074$23,152
3 years$17,107$16,622$16,156$15,707$15,274$14,376
4 years$12,703$12,219$11,757$11,316$10,893$10,028
5 years$10,060$9,580$9,124$8,692$8,281$7,450
6 years$8,300$7,823$7,374$6,951$6,552$5,757
7 years$7,042$6,570$6,128$5,715$5,329$4,569
8 years$6,100$5,631$5,197$4,794$4,421$3,696
9 years$5,367$4,903$4,476$4,083$3,723$3,034
10 years$4,781$4,322$3,902$3,520$3,172$2,517
11 years$4,302$3,848$3,435$3,063$2,728$2,107
12 years$3,904$3,453$3,049$2,687$2,364$1,776
13 years$3,566$3,121$2,724$2,372$2,062$1,505
14 years$3,278$2,837$2,447$2,106$1,807$1,282
15 years$3,027$2,591$2,210$1,878$1,591$1,096
16 years$2,809$2,378$2,003$1,681$1,406$940
17 years$2,616$2,190$1,823$1,511$1,247$808
18 years$2,445$2,023$1,664$1,362$1,109$696
19 years$2,292$1,875$1,524$1,230$988$601
20 years$2,155$1,743$1,398$1,114$883$520
21 years$2,031$1,623$1,286$1,011$790$451
22 years$1,918$1,515$1,185$919$708$391
23 years$1,815$1,417$1,094$837$636$339
24 years$1,721$1,328$1,012$764$571$295
25 years$1,635$1,246$937$697$514$256
26 years$1,555$1,171$869$638$463$223
27 years$1,481$1,102$807$584$417$194
28 years$1,413$1,038$751$535$377$169
29 years$1,350$980$698$490$340$147
30 years$1,291$925$651$450$307$129
31 years$1,235$875$607$413$278$112
32 years$1,184$828$566$380$251$98
33 years$1,135$784$528$349$227$85
34 years$1,090$743$494$321$206$75
35 years$1,047$705$462$296$187$65
36 years$1,007$669$432$273$169$57
37 years$969$635$404$251$153$50
38 years$933$604$378$231$139$43
39 years$899$574$355$213$126$38
40 years$867$546$332$197$114$33
41 years$836$520$312$182$104$29
42 years$807$495$292$168$94$25
43 years$780$472$274$155$85$22
44 years$753$450$257$143$77$19
45 years$728$429$242$132$70$17
46 years$704$409$227$122$64$15
47 years$682$390$213$113$58$13
48 years$660$373$200$104$53$11
49 years$639$356$188$96$48$10
50 years$619$340$177$89$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $634,000, adding $6,341 every year, while hoping to spend $46,972 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: 71/21/8 Blend
60$634,000$634,000$634,000$634,000
61$705,209$671,607$661,780$753,875
62$727,162$654,538$633,972$769,819
63$749,781$635,058$603,657$780,853
64$773,082$613,000$570,704$791,639
65$797,085$588,186$534,971$802,142
66$821,809$560,428$496,314$812,323
67$847,273$529,528$454,579$822,141
68$873,495$495,275$409,608$831,551
69$900,496$457,448$361,234$840,506
70$928,294$415,811$309,284$848,956
71$956,911$370,116$253,576$856,847
72$986,365$320,101$193,920$864,120
73$1,016,677$265,489$130,119$870,714
74$1,047,867$205,986$61,966$876,564
75$1,079,953$141,283$0$881,598
76$1,112,956$71,054$0$886,661
77$1,146,896$0$0$896,458
78$1,181,790$0$0$906,795
79$1,217,658$0$0$934,296
80$1,254,517$0$0$962,555
81$1,292,384$0$0$991,585
82$1,331,276$0$0$1,021,397
83$1,371,208$0$0$1,052,003
84$1,412,193$0$0$1,083,414
85$1,454,243$0$0$1,115,637
86$1,497,370$0$0$1,148,682
87$1,541,583$0$0$1,182,553
88$1,586,886$0$0$1,217,256
89$1,633,284$0$0$1,252,792
90$1,680,778$0$0$1,289,160
91$1,729,365$0$0$1,326,359
92$1,779,037$0$0$1,364,382
93$1,829,784$0$0$1,403,219
94$1,881,590$0$0$1,442,857
95$1,934,433$0$0$1,483,279
96$1,988,286$0$0$1,524,460
97$2,043,111$0$0$1,566,374
98$2,098,868$0$0$1,608,985
99$2,155,504$0$0$1,652,252
100$2,212,957$0$0$1,696,125