Can I retire at age 61 with 634,000?

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 $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%11.2%
1 years$52,355$51,889$51,434$50,990$50,556$50,301
2 years$25,918$25,436$24,968$24,514$24,074$23,817
3 years$17,107$16,622$16,156$15,707$15,274$15,022
4 years$12,703$12,219$11,757$11,316$10,893$10,649
5 years$10,060$9,580$9,124$8,692$8,281$8,045
6 years$8,300$7,823$7,374$6,951$6,552$6,325
7 years$7,042$6,570$6,128$5,715$5,329$5,110
8 years$6,100$5,631$5,197$4,794$4,421$4,211
9 years$5,367$4,903$4,476$4,083$3,723$3,521
10 years$4,781$4,322$3,902$3,520$3,172$2,979
11 years$4,302$3,848$3,435$3,063$2,728$2,544
12 years$3,904$3,453$3,049$2,687$2,364$2,188
13 years$3,566$3,121$2,724$2,372$2,062$1,894
14 years$3,278$2,837$2,447$2,106$1,807$1,647
15 years$3,027$2,591$2,210$1,878$1,591$1,439
16 years$2,809$2,378$2,003$1,681$1,406$1,261
17 years$2,616$2,190$1,823$1,511$1,247$1,109
18 years$2,445$2,023$1,664$1,362$1,109$978
19 years$2,292$1,875$1,524$1,230$988$865
20 years$2,155$1,743$1,398$1,114$883$766
21 years$2,031$1,623$1,286$1,011$790$679
22 years$1,918$1,515$1,185$919$708$604
23 years$1,815$1,417$1,094$837$636$537
24 years$1,721$1,328$1,012$764$571$478
25 years$1,635$1,246$937$697$514$426
26 years$1,555$1,171$869$638$463$381
27 years$1,481$1,102$807$584$417$340
28 years$1,413$1,038$751$535$377$304
29 years$1,350$980$698$490$340$272
30 years$1,291$925$651$450$307$243
31 years$1,235$875$607$413$278$218
32 years$1,184$828$566$380$251$195
33 years$1,135$784$528$349$227$175
34 years$1,090$743$494$321$206$157
35 years$1,047$705$462$296$187$141
36 years$1,007$669$432$273$169$126
37 years$969$635$404$251$153$113
38 years$933$604$378$231$139$102
39 years$899$574$355$213$126$91
40 years$867$546$332$197$114$82
41 years$836$520$312$182$104$73
42 years$807$495$292$168$94$66
43 years$780$472$274$155$85$59
44 years$753$450$257$143$77$53
45 years$728$429$242$132$70$48
46 years$704$409$227$122$64$43
47 years$682$390$213$113$58$39
48 years$660$373$200$104$53$35
49 years$639$356$188$96$48$31
50 years$619$340$177$89$43$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $634,000, adding $4,832 every year, while hoping to spend $50,295 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: 47/30/23 Blend
60$634,000$634,000$634,000$634,000
61$703,652$670,050$660,223$731,902
62$721,911$649,369$628,827$731,503
63$740,347$625,989$594,694$725,699
64$758,924$599,725$557,678$718,379
65$777,603$570,380$517,629$709,425
66$796,337$537,747$474,388$698,710
67$815,074$501,606$427,790$686,099
68$833,753$461,727$377,663$671,446
69$852,307$417,863$323,826$654,598
70$870,659$369,755$266,091$635,387
71$888,723$317,130$204,261$613,636
72$906,401$259,697$138,132$589,156
73$923,584$197,152$67,489$561,742
74$940,148$129,171$0$531,176
75$955,955$55,413$0$499,162
76$970,853$0$0$481,313
77$984,668$0$0$468,921
78$997,207$0$0$474,122
79$1,008,257$0$0$478,511
80$1,017,579$0$0$481,962
81$1,024,905$0$0$484,336
82$1,029,939$0$0$485,479
83$1,032,353$0$0$485,218
84$1,031,780$0$0$483,363
85$1,027,813$0$0$479,700
86$1,020,001$0$0$473,996
87$1,007,845$0$0$465,989
88$990,788$0$0$455,390
89$968,216$0$0$441,879
90$939,447$0$0$425,101
91$903,726$0$0$404,664
92$860,219$0$0$380,132
93$807,999$0$0$351,025
94$746,045$0$0$316,811
95$673,223$0$0$276,902
96$588,283$0$0$230,646
97$489,840$0$0$177,326
98$376,364$0$0$116,147
99$246,166$0$0$46,230
100$97,377$0$0$0