Can I retire at age 61 with 635,000?

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 $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%11.7%
1 years$52,438$51,971$51,515$51,070$50,636$50,275
2 years$25,959$25,476$25,007$24,553$24,112$23,748
3 years$17,134$16,649$16,181$15,731$15,298$14,942
4 years$12,723$12,239$11,776$11,334$10,911$10,566
5 years$10,076$9,595$9,139$8,705$8,294$7,961
6 years$8,313$7,835$7,385$6,962$6,563$6,242
7 years$7,053$6,580$6,137$5,724$5,337$5,029
8 years$6,110$5,640$5,205$4,801$4,428$4,132
9 years$5,376$4,911$4,483$4,090$3,729$3,446
10 years$4,789$4,329$3,908$3,525$3,177$2,907
11 years$4,309$3,854$3,441$3,068$2,732$2,474
12 years$3,910$3,459$3,054$2,691$2,368$2,122
13 years$3,572$3,126$2,728$2,376$2,065$1,830
14 years$3,283$2,841$2,451$2,109$1,810$1,587
15 years$3,032$2,595$2,213$1,881$1,594$1,382
16 years$2,813$2,381$2,007$1,684$1,409$1,207
17 years$2,620$2,193$1,826$1,513$1,249$1,058
18 years$2,449$2,027$1,667$1,364$1,110$930
19 years$2,296$1,878$1,526$1,232$990$819
20 years$2,158$1,745$1,400$1,116$884$722
21 years$2,034$1,626$1,288$1,013$791$639
22 years$1,921$1,517$1,187$921$709$565
23 years$1,818$1,419$1,096$839$637$501
24 years$1,724$1,330$1,014$765$572$445
25 years$1,637$1,248$939$699$515$395
26 years$1,557$1,173$871$639$464$351
27 years$1,484$1,104$809$585$418$312
28 years$1,415$1,040$752$536$377$278
29 years$1,352$981$700$491$341$248
30 years$1,293$927$652$451$308$221
31 years$1,237$876$607$414$278$197
32 years$1,186$829$567$381$252$176
33 years$1,137$785$529$350$228$157
34 years$1,092$744$494$322$206$140
35 years$1,049$706$462$296$187$125
36 years$1,009$670$432$273$169$112
37 years$970$636$405$251$153$100
38 years$934$605$379$232$139$89
39 years$900$575$355$214$126$80
40 years$868$547$333$197$114$71
41 years$838$521$312$182$104$64
42 years$808$496$293$168$94$57
43 years$781$472$275$155$85$51
44 years$754$450$258$143$78$46
45 years$729$429$242$132$70$41
46 years$705$410$227$122$64$36
47 years$683$391$214$113$58$33
48 years$661$373$201$104$53$29
49 years$640$356$189$96$48$26
50 years$620$340$177$89$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $635,000, adding $4,010 every year, while hoping to spend $33,711 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: 76/16/8 Blend
60$635,000$635,000$635,000$635,000
61$703,906$670,251$660,409$756,269
62$739,837$667,225$646,664$788,239
63$778,302$662,921$631,329$818,564
64$819,525$657,241$614,315$850,831
65$863,751$650,080$595,529$885,222
66$911,248$641,328$574,874$921,934
67$962,310$630,869$552,247$961,186
68$1,017,262$618,577$527,543$1,003,220
69$1,076,457$604,322$500,651$1,048,301
70$1,140,287$587,965$471,454$1,096,724
71$1,209,179$569,358$439,831$1,148,813
72$1,283,605$548,347$405,655$1,204,925
73$1,364,082$524,764$368,793$1,265,456
74$1,451,178$498,437$329,107$1,330,840
75$1,545,518$469,181$286,452$1,401,560
76$1,647,790$436,800$240,678$1,478,144
77$1,758,750$401,089$191,626$1,561,179
78$1,879,229$361,828$139,131$1,651,311
79$2,010,140$318,788$83,023$1,749,253
80$2,152,491$271,725$23,120$1,855,791
81$2,307,386$220,381$0$1,971,793
82$2,476,045$164,484$0$2,101,701
83$2,659,805$103,748$0$2,245,422
84$2,860,142$37,868$0$2,402,162
85$3,078,678$0$0$2,573,228
86$3,317,199$0$0$2,765,952
87$3,577,670$0$0$2,983,716
88$3,862,257$0$0$3,221,664
89$4,173,340$0$0$3,481,792
90$4,513,544$0$0$3,766,295
91$4,885,756$0$0$4,077,593
92$5,293,156$0$0$4,418,347
93$5,739,247$0$0$4,791,492
94$6,227,883$0$0$5,200,254
95$6,763,313$0$0$5,648,192
96$7,350,212$0$0$6,139,221
97$7,993,731$0$0$6,677,654
98$8,699,544$0$0$7,268,243
99$9,473,900$0$0$7,916,221
100$10,323,680$0$0$8,627,350