Can I retire at age 61 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$53,346$52,871$52,407$51,955$51,513$50,065
2 years$26,409$25,917$25,440$24,978$24,530$23,082
3 years$17,431$16,937$16,462$16,004$15,563$14,160
4 years$12,943$12,451$11,980$11,530$11,100$9,753
5 years$10,251$9,761$9,297$8,856$8,438$7,152
6 years$8,457$7,971$7,513$7,082$6,676$5,452
7 years$7,176$6,694$6,244$5,823$5,430$4,266
8 years$6,215$5,738$5,295$4,885$4,504$3,401
9 years$5,469$4,996$4,561$4,161$3,793$2,750
10 years$4,872$4,404$3,976$3,586$3,232$2,247
11 years$4,384$3,920$3,500$3,121$2,780$1,851
12 years$3,977$3,519$3,107$2,738$2,409$1,535
13 years$3,634$3,180$2,775$2,417$2,101$1,279
14 years$3,340$2,890$2,494$2,146$1,841$1,071
15 years$3,085$2,640$2,252$1,913$1,621$900
16 years$2,862$2,423$2,041$1,713$1,433$758
17 years$2,666$2,231$1,858$1,539$1,271$640
18 years$2,491$2,062$1,696$1,387$1,130$542
19 years$2,336$1,911$1,552$1,254$1,007$459
20 years$2,196$1,775$1,425$1,135$899$390
21 years$2,069$1,654$1,310$1,030$805$331
22 years$1,954$1,544$1,208$937$721$282
23 years$1,849$1,444$1,115$853$648$240
24 years$1,754$1,353$1,031$778$582$204
25 years$1,665$1,270$955$711$524$174
26 years$1,584$1,193$886$650$472$149
27 years$1,509$1,123$823$595$425$127
28 years$1,440$1,058$765$545$384$108
29 years$1,375$998$712$500$347$92
30 years$1,315$943$663$459$313$79
31 years$1,259$891$618$421$283$67
32 years$1,206$843$577$387$256$58
33 years$1,157$799$538$356$232$49
34 years$1,111$757$503$328$210$42
35 years$1,067$718$470$302$190$36
36 years$1,026$681$440$278$172$31
37 years$987$647$412$256$156$26
38 years$951$615$386$236$142$22
39 years$916$585$361$217$128$19
40 years$883$556$339$201$116$16
41 years$852$530$318$185$106$14
42 years$822$504$298$171$96$12
43 years$794$481$279$158$87$10
44 years$768$458$262$146$79$9
45 years$742$437$246$134$72$8
46 years$718$417$231$124$65$6
47 years$694$398$217$115$59$6
48 years$672$380$204$106$54$5
49 years$651$363$192$98$49$4
50 years$631$346$181$91$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $646,000, adding $6,578 every year, while hoping to spend $32,221 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: 33/44/23 Blend
60$646,000$646,000$646,000$646,000
61$718,677$684,439$674,426$737,151
62$757,699$683,694$662,737$750,804
63$799,622$681,832$649,575$762,129
64$844,707$678,765$634,860$773,681
65$893,241$674,399$618,502$785,500
66$945,541$668,633$600,410$797,632
67$1,001,952$661,363$580,491$810,133
68$1,062,857$652,475$558,643$823,065
69$1,128,673$641,851$534,762$836,502
70$1,199,860$629,365$508,739$850,525
71$1,276,925$614,882$480,461$865,231
72$1,360,423$598,263$449,807$880,729
73$1,450,964$579,357$416,655$897,141
74$1,549,222$558,005$380,872$914,608
75$1,655,936$534,040$342,324$933,290
76$1,771,918$507,284$300,869$953,366
77$1,898,064$477,551$256,358$975,041
78$2,035,356$444,641$208,636$998,543
79$2,184,879$408,345$157,541$1,024,132
80$2,347,823$368,440$102,906$1,052,098
81$2,525,500$324,693$44,552$1,082,768
82$2,719,354$276,856$0$1,116,509
83$2,930,973$224,666$0$1,158,082
84$3,162,105$167,848$0$1,215,549
85$3,414,677$106,110$0$1,278,529
86$3,690,807$39,142$0$1,347,652
87$3,992,829$0$0$1,423,614
88$4,323,312$0$0$1,523,354
89$4,685,086$0$0$1,653,378
90$5,081,266$0$0$1,795,865
91$5,515,282$0$0$1,952,062
92$5,990,914$0$0$2,123,341
93$6,512,322$0$0$2,311,214
94$7,084,090$0$0$2,517,345
95$7,711,264$0$0$2,743,569
96$8,399,404$0$0$2,991,906
97$9,154,636$0$0$3,264,581
98$9,983,703$0$0$3,564,045
99$10,894,037$0$0$3,892,998
100$11,893,822$0$0$4,254,415