Can I retire at age 61 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$53,098$52,625$52,164$51,714$51,274$50,865
2 years$26,286$25,797$25,322$24,862$24,416$24,004
3 years$17,350$16,858$16,385$15,929$15,491$15,088
4 years$12,883$12,393$11,924$11,476$11,048$10,658
5 years$10,203$9,716$9,254$8,815$8,399$8,023
6 years$8,417$7,934$7,478$7,049$6,645$6,284
7 years$7,142$6,663$6,215$5,796$5,405$5,057
8 years$6,186$5,711$5,270$4,862$4,484$4,151
9 years$5,443$4,973$4,539$4,141$3,776$3,457
10 years$4,849$4,383$3,958$3,570$3,217$2,913
11 years$4,364$3,902$3,484$3,107$2,767$2,476
12 years$3,959$3,502$3,092$2,725$2,398$2,121
13 years$3,617$3,165$2,763$2,406$2,091$1,827
14 years$3,324$2,877$2,482$2,136$1,833$1,582
15 years$3,070$2,628$2,241$1,905$1,614$1,375
16 years$2,849$2,411$2,032$1,705$1,426$1,200
17 years$2,653$2,221$1,849$1,532$1,265$1,050
18 years$2,480$2,052$1,688$1,381$1,124$922
19 years$2,325$1,902$1,545$1,248$1,002$811
20 years$2,185$1,767$1,418$1,130$895$714
21 years$2,059$1,646$1,304$1,026$801$630
22 years$1,945$1,537$1,202$933$718$557
23 years$1,841$1,437$1,110$849$645$493
24 years$1,745$1,347$1,027$775$579$437
25 years$1,658$1,264$951$707$521$387
26 years$1,577$1,188$882$647$470$344
27 years$1,502$1,118$819$592$423$305
28 years$1,433$1,053$761$542$382$272
29 years$1,369$994$708$497$345$241
30 years$1,309$938$660$456$312$215
31 years$1,253$887$615$419$282$191
32 years$1,201$839$574$385$255$170
33 years$1,152$795$536$354$231$152
34 years$1,105$753$501$326$209$135
35 years$1,062$715$468$300$189$121
36 years$1,021$678$438$276$171$108
37 years$983$644$410$255$155$96
38 years$946$612$384$235$141$86
39 years$912$582$360$216$128$76
40 years$879$554$337$200$116$68
41 years$848$527$316$184$105$61
42 years$819$502$296$170$95$54
43 years$791$478$278$157$87$48
44 years$764$456$261$145$79$43
45 years$739$435$245$134$71$39
46 years$714$415$230$124$65$35
47 years$691$396$216$114$59$31
48 years$669$378$203$106$53$28
49 years$648$361$191$98$49$25
50 years$628$345$180$90$44$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $643,000, adding $2,983 every year, while hoping to spend $34,213 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: 62/28/10 Blend
60$643,000$643,000$643,000$643,000
61$711,663$677,584$667,617$754,008
62$747,850$674,383$653,580$779,512
63$786,582$669,879$637,926$803,126
64$828,081$663,971$620,565$828,046
65$872,594$656,554$601,402$854,397
66$920,388$647,515$580,338$882,322
67$971,759$636,734$557,271$911,974
68$1,027,031$624,087$532,092$943,529
69$1,086,559$609,438$504,689$977,177
70$1,150,735$592,647$474,942$1,013,133
71$1,219,987$573,564$442,730$1,051,632
72$1,294,787$552,030$407,923$1,092,938
73$1,375,653$527,877$370,385$1,137,340
74$1,463,154$500,927$329,978$1,185,162
75$1,557,916$470,994$286,553$1,236,762
76$1,660,629$437,877$239,958$1,292,534
77$1,772,048$401,368$190,031$1,352,919
78$1,893,005$361,244$136,606$1,418,402
79$2,024,417$317,270$79,507$1,489,522
80$2,167,290$269,199$18,553$1,566,875
81$2,322,733$216,769$0$1,651,123
82$2,491,963$159,702$0$1,747,957
83$2,676,323$97,707$0$1,855,660
84$2,877,288$30,474$0$1,973,170
85$3,096,482$0$0$2,101,498
86$3,335,695$0$0$2,254,807
87$3,596,893$0$0$2,432,504
88$3,882,244$0$0$2,626,678
89$4,194,133$0$0$2,838,959
90$4,535,184$0$0$3,071,140
91$4,908,291$0$0$3,325,196
92$5,316,635$0$0$3,603,301
93$5,763,724$0$0$3,907,848
94$6,253,416$0$0$4,241,476
95$6,789,963$0$0$4,607,086
96$7,378,047$0$0$5,007,878
97$8,022,825$0$0$5,447,373
98$8,729,974$0$0$5,929,450
99$9,505,750$0$0$6,458,382
100$10,357,043$0$0$7,038,876