Can I retire at age 61 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$52,438$51,971$51,515$51,070$50,636$49,962
2 years$25,959$25,476$25,007$24,553$24,112$23,434
3 years$17,134$16,649$16,181$15,731$15,298$14,637
4 years$12,723$12,239$11,776$11,334$10,911$10,272
5 years$10,076$9,595$9,139$8,705$8,294$7,679
6 years$8,313$7,835$7,385$6,962$6,563$5,973
7 years$7,053$6,580$6,137$5,724$5,337$4,772
8 years$6,110$5,640$5,205$4,801$4,428$3,888
9 years$5,376$4,911$4,483$4,090$3,729$3,214
10 years$4,789$4,329$3,908$3,525$3,177$2,686
11 years$4,309$3,854$3,441$3,068$2,732$2,265
12 years$3,910$3,459$3,054$2,691$2,368$1,924
13 years$3,572$3,126$2,728$2,376$2,065$1,644
14 years$3,283$2,841$2,451$2,109$1,810$1,411
15 years$3,032$2,595$2,213$1,881$1,594$1,216
16 years$2,813$2,381$2,007$1,684$1,409$1,052
17 years$2,620$2,193$1,826$1,513$1,249$912
18 years$2,449$2,027$1,667$1,364$1,110$793
19 years$2,296$1,878$1,526$1,232$990$691
20 years$2,158$1,745$1,400$1,116$884$603
21 years$2,034$1,626$1,288$1,013$791$527
22 years$1,921$1,517$1,187$921$709$461
23 years$1,818$1,419$1,096$839$637$404
24 years$1,724$1,330$1,014$765$572$355
25 years$1,637$1,248$939$699$515$311
26 years$1,557$1,173$871$639$464$273
27 years$1,484$1,104$809$585$418$240
28 years$1,415$1,040$752$536$377$211
29 years$1,352$981$700$491$341$186
30 years$1,293$927$652$451$308$164
31 years$1,237$876$607$414$278$144
32 years$1,186$829$567$381$252$127
33 years$1,137$785$529$350$228$112
34 years$1,092$744$494$322$206$99
35 years$1,049$706$462$296$187$87
36 years$1,009$670$432$273$169$77
37 years$970$636$405$251$153$68
38 years$934$605$379$232$139$60
39 years$900$575$355$214$126$53
40 years$868$547$333$197$114$47
41 years$838$521$312$182$104$41
42 years$808$496$293$168$94$36
43 years$781$472$275$155$85$32
44 years$754$450$258$143$78$28
45 years$729$429$242$132$70$25
46 years$705$410$227$122$64$22
47 years$683$391$214$113$58$19
48 years$661$373$201$104$53$17
49 years$640$356$189$96$48$15
50 years$620$340$177$89$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $635,000, adding $2,836 every year, while hoping to spend $23,051 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: 70/16/14 Blend
60$635,000$635,000$635,000$635,000
61$702,695$669,040$659,198$749,485
62$749,844$677,297$656,755$789,192
63$801,030$685,186$653,458$829,588
64$856,639$692,665$649,253$873,199
65$917,099$699,688$644,085$920,337
66$982,877$706,207$637,897$971,349
67$1,054,491$712,171$630,626$1,026,614
68$1,132,506$717,525$622,210$1,086,552
69$1,217,549$722,211$612,581$1,151,625
70$1,310,307$726,167$601,670$1,222,344
71$1,411,535$729,326$589,403$1,299,270
72$1,522,067$731,619$575,703$1,383,023
73$1,642,821$732,970$560,492$1,474,286
74$1,774,804$733,301$543,684$1,573,813
75$1,919,129$732,528$525,192$1,682,434
76$2,077,018$730,560$504,925$1,801,064
77$2,249,820$727,304$482,786$1,930,714
78$2,439,017$722,657$458,675$2,072,496
79$2,646,244$716,514$432,487$2,227,636
80$2,873,299$708,761$404,113$2,397,490
81$3,122,163$699,278$373,438$2,583,547
82$3,395,018$687,938$340,344$2,787,453
83$3,694,269$674,605$304,703$3,011,020
84$4,022,561$659,137$266,388$3,256,249
85$4,382,810$641,383$225,260$3,525,343
86$4,778,228$621,182$181,177$3,820,732
87$5,212,352$598,366$133,992$4,145,095
88$5,689,080$572,753$83,548$4,501,386
89$6,212,703$544,155$29,684$4,892,861
90$6,787,951$512,371$0$5,323,110
91$7,420,034$477,189$0$5,800,242
92$8,114,689$438,383$0$6,329,471
93$8,878,241$395,717$0$6,911,195
94$9,717,654$348,940$0$7,550,744
95$10,640,603$297,787$0$8,253,995
96$11,655,543$241,977$0$9,027,422
97$12,771,790$181,214$0$9,878,161
98$13,999,605$115,187$0$10,814,077
99$15,350,299$43,565$0$11,843,838
100$16,836,329$0$0$12,976,995