Can I retire at age 61 with 639,000?

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 $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%13%
1 years$52,768$52,298$51,839$51,392$50,955$50,318
2 years$26,123$25,636$25,165$24,708$24,264$23,623
3 years$17,242$16,754$16,283$15,830$15,394$14,769
4 years$12,803$12,316$11,850$11,405$10,979$10,375
5 years$10,140$9,656$9,196$8,760$8,346$7,765
6 years$8,365$7,885$7,432$7,005$6,604$6,046
7 years$7,098$6,621$6,176$5,760$5,371$4,836
8 years$6,148$5,676$5,238$4,832$4,456$3,944
9 years$5,410$4,942$4,511$4,115$3,752$3,264
10 years$4,819$4,356$3,933$3,548$3,197$2,732
11 years$4,336$3,878$3,463$3,087$2,750$2,307
12 years$3,934$3,481$3,073$2,708$2,383$1,962
13 years$3,594$3,145$2,745$2,391$2,078$1,678
14 years$3,303$2,859$2,467$2,122$1,821$1,442
15 years$3,051$2,612$2,227$1,893$1,604$1,245
16 years$2,831$2,396$2,019$1,695$1,417$1,078
17 years$2,637$2,207$1,837$1,523$1,257$936
18 years$2,464$2,039$1,677$1,372$1,117$815
19 years$2,310$1,890$1,536$1,240$996$711
20 years$2,172$1,756$1,409$1,123$890$622
21 years$2,047$1,636$1,296$1,019$796$544
22 years$1,933$1,527$1,195$927$714$477
23 years$1,829$1,428$1,103$844$641$419
24 years$1,735$1,338$1,020$770$576$368
25 years$1,647$1,256$945$703$518$323
26 years$1,567$1,180$876$643$467$285
27 years$1,493$1,111$814$588$421$251
28 years$1,424$1,047$756$539$380$221
29 years$1,360$987$704$494$343$195
30 years$1,301$932$656$454$310$172
31 years$1,245$882$611$417$280$151
32 years$1,193$834$570$383$253$134
33 years$1,144$790$533$352$229$118
34 years$1,099$749$498$324$208$104
35 years$1,055$710$465$298$188$92
36 years$1,015$674$435$275$170$81
37 years$977$640$407$253$154$72
38 years$940$608$381$233$140$64
39 years$906$578$357$215$127$56
40 years$874$550$335$198$115$50
41 years$843$524$314$183$104$44
42 years$814$499$295$169$95$39
43 years$786$475$276$156$86$34
44 years$759$453$260$144$78$30
45 years$734$432$244$133$71$27
46 years$710$412$229$123$64$24
47 years$687$393$215$113$58$21
48 years$665$376$202$105$53$19
49 years$644$359$190$97$48$16
50 years$624$343$179$90$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $639,000, adding $3,963 every year, while hoping to spend $36,652 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: 76/10/14 Blend
60$639,000$639,000$639,000$639,000
61$708,266$674,399$664,494$759,721
62$741,512$668,447$647,757$788,272
63$776,920$660,975$629,231$814,570
64$814,673$651,870$608,818$842,390
65$854,969$641,011$586,413$871,872
66$898,028$628,273$561,910$903,171
67$944,088$613,519$535,195$936,455
68$993,412$596,608$506,151$971,913
69$1,046,286$577,389$474,654$1,009,752
70$1,103,028$555,702$440,575$1,050,202
71$1,163,984$531,378$403,781$1,093,515
72$1,229,532$504,238$364,130$1,139,971
73$1,300,092$474,093$321,476$1,189,878
74$1,376,121$440,743$275,665$1,243,577
75$1,458,123$403,976$226,536$1,301,445
76$1,546,650$363,570$173,924$1,363,898
77$1,642,310$319,287$117,653$1,431,394
78$1,745,772$270,879$57,541$1,504,440
79$1,857,770$218,080$0$1,583,596
80$1,979,110$160,614$0$1,670,468
81$2,110,680$98,184$0$1,773,988
82$2,253,455$30,481$0$1,886,336
83$2,408,510$0$0$2,008,376
84$2,577,023$0$0$2,145,773
85$2,760,295$0$0$2,298,872
86$2,959,754$0$0$2,465,515
87$3,176,972$0$0$2,647,019
88$3,413,678$0$0$2,844,832
89$3,671,777$0$0$3,060,548
90$3,953,365$0$0$3,295,922
91$4,260,747$0$0$3,552,885
92$4,596,462$0$0$3,833,562
93$4,963,305$0$0$4,140,295
94$5,364,353$0$0$4,475,659
95$5,802,995$0$0$4,842,491
96$6,282,959$0$0$5,243,915
97$6,808,353$0$0$5,683,371
98$7,383,701$0$0$6,164,645
99$8,013,982$0$0$6,691,908
100$8,704,682$0$0$7,269,754