Can I retire at age 61 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$52,768$52,298$51,839$51,392$50,955$50,444
2 years$26,123$25,636$25,165$24,708$24,264$23,749
3 years$17,242$16,754$16,283$15,830$15,394$14,892
4 years$12,803$12,316$11,850$11,405$10,979$10,493
5 years$10,140$9,656$9,196$8,760$8,346$7,877
6 years$8,365$7,885$7,432$7,005$6,604$6,153
7 years$7,098$6,621$6,176$5,760$5,371$4,939
8 years$6,148$5,676$5,238$4,832$4,456$4,042
9 years$5,410$4,942$4,511$4,115$3,752$3,357
10 years$4,819$4,356$3,933$3,548$3,197$2,819
11 years$4,336$3,878$3,463$3,087$2,750$2,390
12 years$3,934$3,481$3,073$2,708$2,383$2,040
13 years$3,594$3,145$2,745$2,391$2,078$1,752
14 years$3,303$2,859$2,467$2,122$1,821$1,512
15 years$3,051$2,612$2,227$1,893$1,604$1,310
16 years$2,831$2,396$2,019$1,695$1,417$1,139
17 years$2,637$2,207$1,837$1,523$1,257$994
18 years$2,464$2,039$1,677$1,372$1,117$869
19 years$2,310$1,890$1,536$1,240$996$761
20 years$2,172$1,756$1,409$1,123$890$668
21 years$2,047$1,636$1,296$1,019$796$588
22 years$1,933$1,527$1,195$927$714$517
23 years$1,829$1,428$1,103$844$641$456
24 years$1,735$1,338$1,020$770$576$403
25 years$1,647$1,256$945$703$518$356
26 years$1,567$1,180$876$643$467$314
27 years$1,493$1,111$814$588$421$278
28 years$1,424$1,047$756$539$380$246
29 years$1,360$987$704$494$343$218
30 years$1,301$932$656$454$310$193
31 years$1,245$882$611$417$280$171
32 years$1,193$834$570$383$253$152
33 years$1,144$790$533$352$229$135
34 years$1,099$749$498$324$208$120
35 years$1,055$710$465$298$188$106
36 years$1,015$674$435$275$170$94
37 years$977$640$407$253$154$84
38 years$940$608$381$233$140$75
39 years$906$578$357$215$127$66
40 years$874$550$335$198$115$59
41 years$843$524$314$183$104$52
42 years$814$499$295$169$95$46
43 years$786$475$276$156$86$41
44 years$759$453$260$144$78$37
45 years$734$432$244$133$71$33
46 years$710$412$229$123$64$29
47 years$687$393$215$113$58$26
48 years$665$376$202$105$53$23
49 years$644$359$190$97$48$20
50 years$624$343$179$90$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $639,000, adding $2,177 every year, while hoping to spend $36,554 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: 55/31/14 Blend
60$639,000$639,000$639,000$639,000
61$706,424$672,557$662,652$742,581
62$739,586$666,619$645,958$761,459
63$774,905$659,165$627,479$777,862
64$812,563$650,082$607,118$794,883
65$852,759$639,250$584,770$812,589
66$895,710$626,543$560,330$831,055
67$941,656$611,827$533,684$850,367
68$990,857$594,959$504,715$870,620
69$1,043,601$575,788$473,299$891,920
70$1,100,203$554,156$439,309$914,390
71$1,161,007$529,894$402,610$938,163
72$1,226,395$502,823$363,062$963,392
73$1,296,781$472,756$320,519$990,247
74$1,372,624$439,491$274,827$1,018,918
75$1,454,424$402,820$225,827$1,049,617
76$1,542,735$362,518$173,352$1,082,583
77$1,638,163$318,349$117,227$1,118,082
78$1,741,373$270,066$57,272$1,156,410
79$1,853,099$217,405$0$1,197,898
80$1,974,144$160,087$0$1,243,917
81$2,105,395$97,820$0$1,303,073
82$2,247,826$30,293$0$1,367,289
83$2,402,506$0$0$1,437,109
84$2,570,614$0$0$1,527,739
85$2,753,445$0$0$1,637,598
86$2,952,424$0$0$1,757,215
87$3,169,121$0$0$1,887,539
88$3,405,260$0$0$2,029,615
89$3,662,741$0$0$2,184,594
90$3,943,655$0$0$2,353,741
91$4,250,303$0$0$2,538,450
92$4,585,217$0$0$2,740,255
93$4,951,186$0$0$2,960,845
94$5,351,280$0$0$3,202,080
95$5,788,878$0$0$3,466,006
96$6,267,702$0$0$3,754,878
97$6,791,849$0$0$4,071,178
98$7,365,831$0$0$4,417,640
99$7,994,618$0$0$4,797,274
100$8,683,681$0$0$5,213,395