Can I retire at age 61 with 641,000?

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 $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%19.1%
1 years$52,933$52,462$52,002$51,553$51,114$49,242
2 years$26,205$25,717$25,244$24,785$24,340$22,475
3 years$17,296$16,806$16,334$15,880$15,442$13,642
4 years$12,843$12,354$11,887$11,441$11,014$9,293
5 years$10,172$9,686$9,225$8,787$8,372$6,735
6 years$8,391$7,909$7,455$7,027$6,625$5,073
7 years$7,120$6,642$6,195$5,778$5,388$3,920
8 years$6,167$5,694$5,254$4,847$4,470$3,085
9 years$5,426$4,957$4,525$4,128$3,764$2,461
10 years$4,834$4,370$3,945$3,559$3,207$1,983
11 years$4,350$3,890$3,473$3,097$2,758$1,611
12 years$3,947$3,491$3,083$2,717$2,390$1,316
13 years$3,606$3,155$2,754$2,398$2,084$1,081
14 years$3,314$2,868$2,474$2,129$1,827$891
15 years$3,061$2,620$2,234$1,899$1,609$737
16 years$2,840$2,404$2,026$1,700$1,422$611
17 years$2,645$2,214$1,843$1,527$1,261$508
18 years$2,472$2,046$1,683$1,377$1,121$423
19 years$2,318$1,896$1,540$1,244$999$352
20 years$2,179$1,762$1,414$1,127$892$294
21 years$2,053$1,641$1,300$1,022$799$246
22 years$1,939$1,532$1,198$930$716$205
23 years$1,835$1,433$1,107$847$643$172
24 years$1,740$1,342$1,023$772$578$144
25 years$1,653$1,260$948$705$520$121
26 years$1,572$1,184$879$645$468$101
27 years$1,498$1,114$816$590$422$85
28 years$1,429$1,050$759$541$381$71
29 years$1,365$990$706$496$344$60
30 years$1,305$935$658$455$311$50
31 years$1,249$884$613$418$281$42
32 years$1,197$837$572$384$254$35
33 years$1,148$792$534$353$230$29
34 years$1,102$751$499$325$208$25
35 years$1,059$712$467$299$189$21
36 years$1,018$676$437$276$171$17
37 years$980$642$409$254$155$15
38 years$943$610$383$234$140$12
39 years$909$580$358$216$127$10
40 years$876$552$336$199$115$9
41 years$845$526$315$184$105$7
42 years$816$500$296$169$95$6
43 years$788$477$277$156$86$5
44 years$762$455$260$144$78$4
45 years$736$433$244$133$71$4
46 years$712$414$230$123$65$3
47 years$689$395$216$114$59$3
48 years$667$377$203$105$53$2
49 years$646$360$191$97$48$2
50 years$626$344$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $641,000, adding $3,165 every year, while hoping to spend $29,876 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: 64/31/5 Blend
60$641,000$641,000$641,000$641,000
61$709,647$675,674$665,738$754,356
62$750,243$676,994$656,253$785,806
63$793,978$677,377$645,448$816,300
64$841,142$676,747$633,248$848,814
65$892,051$675,020$619,575$883,538
66$947,054$672,110$604,344$920,687
67$1,006,534$667,923$587,470$960,497
68$1,070,911$662,362$568,861$1,003,227
69$1,140,649$655,323$548,422$1,049,165
70$1,216,255$646,694$526,055$1,098,630
71$1,298,291$636,359$501,655$1,151,971
72$1,387,370$624,195$475,114$1,209,578
73$1,484,170$610,068$446,319$1,271,880
74$1,589,435$593,841$415,150$1,339,349
75$1,703,984$575,367$381,485$1,412,511
76$1,828,719$554,488$345,193$1,491,942
77$1,964,631$531,040$306,139$1,578,282
78$2,112,812$504,850$264,183$1,672,237
79$2,274,462$475,731$219,177$1,774,586
80$2,450,904$443,489$170,967$1,886,190
81$2,643,594$407,917$119,391$2,008,001
82$2,854,132$368,797$64,283$2,141,069
83$3,084,284$325,898$5,466$2,286,553
84$3,335,991$278,977$0$2,445,736
85$3,611,390$227,775$0$2,623,088
86$3,912,837$172,021$0$2,817,624
87$4,242,924$111,428$0$3,030,788
88$4,604,505$45,691$0$3,264,493
89$5,000,725$0$0$3,520,854
90$5,435,046$0$0$3,810,904
91$5,911,282$0$0$4,146,080
92$6,433,632$0$0$4,513,758
93$7,006,723$0$0$4,917,199
94$7,635,651$0$0$5,359,997
95$8,326,027$0$0$5,846,110
96$9,084,036$0$0$6,379,897
97$9,916,487$0$0$6,966,161
98$10,830,884$0$0$7,610,193
99$11,835,490$0$0$8,317,820
100$12,939,412$0$0$9,095,465