Can I retire at age 61 with 644,000?

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 $644,000?

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$53,181$52,707$52,245$51,794$51,353$50,944
2 years$26,327$25,837$25,362$24,901$24,454$24,042
3 years$17,377$16,885$16,411$15,954$15,515$15,112
4 years$12,903$12,412$11,943$11,494$11,065$10,675
5 years$10,219$9,731$9,268$8,829$8,412$8,035
6 years$8,431$7,946$7,490$7,060$6,656$6,294
7 years$7,153$6,673$6,224$5,805$5,413$5,065
8 years$6,196$5,720$5,279$4,869$4,491$4,157
9 years$5,452$4,980$4,546$4,148$3,782$3,462
10 years$4,857$4,390$3,964$3,575$3,222$2,917
11 years$4,370$3,908$3,490$3,112$2,771$2,480
12 years$3,965$3,508$3,097$2,729$2,401$2,124
13 years$3,623$3,170$2,767$2,410$2,094$1,830
14 years$3,329$2,881$2,486$2,139$1,836$1,584
15 years$3,075$2,632$2,245$1,908$1,616$1,378
16 years$2,853$2,415$2,035$1,708$1,428$1,202
17 years$2,657$2,224$1,852$1,535$1,267$1,052
18 years$2,484$2,055$1,690$1,383$1,126$923
19 years$2,328$1,905$1,548$1,250$1,004$812
20 years$2,189$1,770$1,420$1,132$897$715
21 years$2,063$1,649$1,306$1,027$802$631
22 years$1,948$1,539$1,204$934$719$558
23 years$1,844$1,439$1,112$851$646$494
24 years$1,748$1,349$1,028$776$580$438
25 years$1,660$1,266$952$708$522$388
26 years$1,579$1,189$883$648$470$344
27 years$1,505$1,119$820$593$424$306
28 years$1,435$1,055$762$543$383$272
29 years$1,371$995$709$498$346$242
30 years$1,311$940$661$457$312$215
31 years$1,255$888$616$420$282$192
32 years$1,202$841$575$386$255$171
33 years$1,153$796$537$355$231$152
34 years$1,107$754$501$327$209$136
35 years$1,064$716$469$301$189$121
36 years$1,023$679$439$277$172$108
37 years$984$645$411$255$156$96
38 years$948$613$384$235$141$86
39 years$913$583$360$217$128$77
40 years$880$555$338$200$116$68
41 years$849$528$317$184$105$61
42 years$820$503$297$170$96$54
43 years$792$479$279$157$87$49
44 years$765$457$262$145$79$43
45 years$740$435$246$134$71$39
46 years$715$415$231$124$65$35
47 years$692$396$217$114$59$31
48 years$670$378$204$106$53$28
49 years$649$361$191$98$49$25
50 years$629$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 $644,000, adding $2,167 every year, while hoping to spend $57,310 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: 63/19/18 Blend
60$644,000$644,000$644,000$644,000
61$711,923$677,791$667,809$753,405
62$723,562$650,026$629,203$753,801
63$734,467$618,979$587,384$747,557
64$744,503$584,429$542,181$739,388
65$753,520$546,143$493,421$729,108
66$761,347$503,873$440,920$716,519
67$767,799$457,357$384,485$701,402
68$772,666$406,319$323,916$683,519
69$775,715$350,466$259,005$662,613
70$776,689$289,490$189,533$638,402
71$775,301$223,064$115,272$610,580
72$771,232$150,845$35,984$578,813
73$764,129$72,467$0$542,737
74$753,599$0$0$511,296
75$739,209$0$0$485,302
76$720,476$0$0$471,417
77$696,867$0$0$454,120
78$667,791$0$0$432,999
79$632,595$0$0$407,599
80$590,555$0$0$377,417
81$540,869$0$0$341,896
82$482,654$0$0$300,421
83$414,928$0$0$252,310
84$336,611$0$0$196,811
85$246,505$0$0$133,092
86$143,288$0$0$60,234
87$25,500$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0