Can I retire at age 61 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$52,685$52,216$51,758$51,311$50,875$49,930
2 years$26,082$25,596$25,125$24,669$24,226$23,277
3 years$17,215$16,727$16,258$15,806$15,370$14,447
4 years$12,783$12,296$11,832$11,387$10,962$10,072
5 years$10,124$9,641$9,182$8,746$8,333$7,479
6 years$8,352$7,872$7,420$6,995$6,594$5,776
7 years$7,087$6,611$6,166$5,751$5,363$4,582
8 years$6,138$5,667$5,229$4,824$4,449$3,705
9 years$5,401$4,934$4,504$4,109$3,746$3,039
10 years$4,812$4,349$3,927$3,542$3,192$2,520
11 years$4,330$3,872$3,457$3,083$2,745$2,108
12 years$3,928$3,475$3,068$2,704$2,379$1,775
13 years$3,589$3,140$2,741$2,387$2,075$1,504
14 years$3,298$2,855$2,463$2,119$1,819$1,280
15 years$3,047$2,608$2,224$1,890$1,601$1,093
16 years$2,827$2,393$2,016$1,692$1,415$937
17 years$2,633$2,203$1,835$1,520$1,255$805
18 years$2,461$2,036$1,675$1,370$1,116$693
19 years$2,307$1,887$1,533$1,238$994$598
20 years$2,168$1,754$1,407$1,121$888$517
21 years$2,043$1,633$1,294$1,018$795$448
22 years$1,930$1,525$1,193$925$713$388
23 years$1,827$1,426$1,101$843$640$336
24 years$1,732$1,336$1,019$769$575$292
25 years$1,645$1,254$943$702$517$254
26 years$1,565$1,178$875$642$466$221
27 years$1,491$1,109$812$587$420$192
28 years$1,422$1,045$755$538$379$167
29 years$1,358$986$703$494$342$146
30 years$1,299$931$655$453$309$127
31 years$1,243$880$610$416$280$110
32 years$1,191$833$569$382$253$96
33 years$1,143$789$532$352$229$84
34 years$1,097$747$497$323$207$73
35 years$1,054$709$464$298$188$64
36 years$1,013$673$435$274$170$56
37 years$975$639$407$253$154$49
38 years$939$607$381$233$140$42
39 years$905$578$357$215$127$37
40 years$872$549$334$198$115$32
41 years$841$523$314$183$104$28
42 years$812$498$294$169$95$25
43 years$784$475$276$156$86$21
44 years$758$452$259$144$78$19
45 years$733$431$243$133$71$16
46 years$709$412$229$123$64$14
47 years$686$393$215$113$58$12
48 years$664$375$202$105$53$11
49 years$643$358$190$97$48$10
50 years$623$342$178$89$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $638,000, adding $3,789 every year, while hoping to spend $35,701 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: 52/33/15 Blend
60$638,000$638,000$638,000$638,000
61$706,984$673,170$663,281$740,697
62$741,111$668,170$647,516$759,188
63$777,522$661,728$630,025$775,200
64$816,413$653,737$610,715$791,818
65$857,998$644,080$589,484$809,108
66$902,511$632,637$566,229$827,147
67$950,210$619,279$540,841$846,021
68$1,001,377$603,870$513,204$865,827
69$1,056,321$586,263$483,201$886,673
70$1,115,384$566,308$450,706$908,683
71$1,178,937$543,841$415,588$931,994
72$1,247,391$518,691$377,713$956,760
73$1,321,195$490,678$336,937$983,155
74$1,400,844$459,609$293,112$1,011,373
75$1,486,882$425,281$246,082$1,041,631
76$1,579,905$387,480$195,687$1,074,172
77$1,680,569$345,981$141,756$1,109,267
78$1,789,595$300,542$84,113$1,147,220
79$1,907,777$250,912$22,574$1,188,368
80$2,035,986$196,822$0$1,233,089
81$2,175,181$137,991$0$1,288,702
82$2,326,417$74,120$0$1,353,082
83$2,490,855$4,895$0$1,423,168
84$2,669,770$0$0$1,499,575
85$2,864,566$0$0$1,608,413
86$3,076,791$0$0$1,728,984
87$3,308,143$0$0$1,860,483
88$3,560,496$0$0$2,003,981
89$3,835,908$0$0$2,160,659
90$4,136,648$0$0$2,331,815
91$4,465,212$0$0$2,518,878
92$4,824,348$0$0$2,723,422
93$5,217,082$0$0$2,947,179
94$5,646,746$0$0$3,192,057
95$6,117,007$0$0$3,460,157
96$6,631,905$0$0$3,753,792
97$7,195,888$0$0$4,075,511
98$7,813,854$0$0$4,428,117
99$8,491,198$0$0$4,814,703
100$9,233,862$0$0$5,238,669