Can I retire at age 61 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$52,933$52,462$52,002$51,553$51,114$50,371
2 years$26,205$25,717$25,244$24,785$24,340$23,593
3 years$17,296$16,806$16,334$15,880$15,442$14,715
4 years$12,843$12,354$11,887$11,441$11,014$10,311
5 years$10,172$9,686$9,225$8,787$8,372$7,696
6 years$8,391$7,909$7,455$7,027$6,625$5,976
7 years$7,120$6,642$6,195$5,778$5,388$4,767
8 years$6,167$5,694$5,254$4,847$4,470$3,877
9 years$5,426$4,957$4,525$4,128$3,764$3,199
10 years$4,834$4,370$3,945$3,559$3,207$2,669
11 years$4,350$3,890$3,473$3,097$2,758$2,247
12 years$3,947$3,491$3,083$2,717$2,390$1,905
13 years$3,606$3,155$2,754$2,398$2,084$1,624
14 years$3,314$2,868$2,474$2,129$1,827$1,391
15 years$3,061$2,620$2,234$1,899$1,609$1,197
16 years$2,840$2,404$2,026$1,700$1,422$1,033
17 years$2,645$2,214$1,843$1,527$1,261$894
18 years$2,472$2,046$1,683$1,377$1,121$775
19 years$2,318$1,896$1,540$1,244$999$674
20 years$2,179$1,762$1,414$1,127$892$587
21 years$2,053$1,641$1,300$1,022$799$512
22 years$1,939$1,532$1,198$930$716$447
23 years$1,835$1,433$1,107$847$643$391
24 years$1,740$1,342$1,023$772$578$342
25 years$1,653$1,260$948$705$520$299
26 years$1,572$1,184$879$645$468$262
27 years$1,498$1,114$816$590$422$230
28 years$1,429$1,050$759$541$381$202
29 years$1,365$990$706$496$344$177
30 years$1,305$935$658$455$311$156
31 years$1,249$884$613$418$281$137
32 years$1,197$837$572$384$254$120
33 years$1,148$792$534$353$230$106
34 years$1,102$751$499$325$208$93
35 years$1,059$712$467$299$189$82
36 years$1,018$676$437$276$171$72
37 years$980$642$409$254$155$63
38 years$943$610$383$234$140$56
39 years$909$580$358$216$127$49
40 years$876$552$336$199$115$43
41 years$845$526$315$184$105$38
42 years$816$500$296$169$95$33
43 years$788$477$277$156$86$29
44 years$762$455$260$144$78$26
45 years$736$433$244$133$71$23
46 years$712$414$230$123$65$20
47 years$689$395$216$114$59$18
48 years$667$377$203$105$53$16
49 years$646$360$191$97$48$14
50 years$626$344$179$90$44$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $641,000, adding $5,451 every year, while hoping to spend $21,043 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: 46/46/8 Blend
60$641,000$641,000$641,000$641,000
61$712,005$678,032$668,096$742,939
62$762,240$688,866$668,088$775,652
63$816,893$699,525$667,374$808,493
64$876,394$709,980$665,909$843,631
65$941,213$720,196$663,644$881,286
66$1,011,870$730,139$660,529$921,699
67$1,088,936$739,770$656,512$965,139
68$1,173,039$749,050$651,536$1,011,898
69$1,264,870$757,935$645,544$1,062,302
70$1,365,192$766,380$638,475$1,116,711
71$1,474,843$774,334$630,266$1,175,520
72$1,594,747$781,745$620,849$1,239,167
73$1,725,918$788,558$610,155$1,308,133
74$1,869,477$794,713$598,110$1,382,952
75$2,026,656$800,146$584,639$1,464,210
76$2,198,812$804,790$569,661$1,552,558
77$2,387,439$808,573$553,093$1,648,711
78$2,594,182$811,418$534,846$1,753,458
79$2,820,855$813,244$514,830$1,867,673
80$3,069,454$813,964$492,949$1,992,318
81$3,342,178$813,487$469,101$2,128,454
82$3,641,447$811,716$443,184$2,277,254
83$3,969,931$808,546$415,087$2,440,011
84$4,330,568$803,869$384,696$2,618,152
85$4,726,594$797,566$351,891$2,813,253
86$5,161,575$789,516$316,548$3,027,051
87$5,639,440$779,586$278,537$3,261,463
88$6,164,516$767,639$237,721$3,518,605
89$6,741,570$753,527$193,958$3,800,811
90$7,375,854$737,093$147,099$4,110,656
91$8,073,154$718,174$96,990$4,450,980
92$8,839,845$696,594$43,469$4,824,918
93$9,682,951$672,168$0$5,235,927
94$10,610,208$644,701$0$5,688,984
95$11,630,144$613,985$0$6,191,168
96$12,752,149$579,802$0$6,743,420
97$13,986,575$541,919$0$7,350,874
98$15,344,825$500,091$0$8,019,192
99$16,839,461$454,060$0$8,754,618
100$18,484,329$403,552$0$9,564,039