Can I retire at age 61 with 646,000?

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 $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%12.6%
1 years$53,346$52,871$52,407$51,955$51,513$50,954
2 years$26,409$25,917$25,440$24,978$24,530$23,967
3 years$17,431$16,937$16,462$16,004$15,563$15,013
4 years$12,943$12,451$11,980$11,530$11,100$10,568
5 years$10,251$9,761$9,297$8,856$8,438$7,926
6 years$8,457$7,971$7,513$7,082$6,676$6,184
7 years$7,176$6,694$6,244$5,823$5,430$4,958
8 years$6,215$5,738$5,295$4,885$4,504$4,053
9 years$5,469$4,996$4,561$4,161$3,793$3,362
10 years$4,872$4,404$3,976$3,586$3,232$2,820
11 years$4,384$3,920$3,500$3,121$2,780$2,387
12 years$3,977$3,519$3,107$2,738$2,409$2,036
13 years$3,634$3,180$2,775$2,417$2,101$1,746
14 years$3,340$2,890$2,494$2,146$1,841$1,505
15 years$3,085$2,640$2,252$1,913$1,621$1,302
16 years$2,862$2,423$2,041$1,713$1,433$1,131
17 years$2,666$2,231$1,858$1,539$1,271$985
18 years$2,491$2,062$1,696$1,387$1,130$860
19 years$2,336$1,911$1,552$1,254$1,007$752
20 years$2,196$1,775$1,425$1,135$899$660
21 years$2,069$1,654$1,310$1,030$805$579
22 years$1,954$1,544$1,208$937$721$509
23 years$1,849$1,444$1,115$853$648$448
24 years$1,754$1,353$1,031$778$582$395
25 years$1,665$1,270$955$711$524$348
26 years$1,584$1,193$886$650$472$308
27 years$1,509$1,123$823$595$425$272
28 years$1,440$1,058$765$545$384$240
29 years$1,375$998$712$500$347$212
30 years$1,315$943$663$459$313$188
31 years$1,259$891$618$421$283$166
32 years$1,206$843$577$387$256$147
33 years$1,157$799$538$356$232$130
34 years$1,111$757$503$328$210$116
35 years$1,067$718$470$302$190$102
36 years$1,026$681$440$278$172$91
37 years$987$647$412$256$156$81
38 years$951$615$386$236$142$71
39 years$916$585$361$217$128$63
40 years$883$556$339$201$116$56
41 years$852$530$318$185$106$50
42 years$822$504$298$171$96$44
43 years$794$481$279$158$87$39
44 years$768$458$262$146$79$35
45 years$742$437$246$134$72$31
46 years$718$417$231$124$65$27
47 years$694$398$217$115$59$24
48 years$672$380$204$106$54$22
49 years$651$363$192$98$49$19
50 years$631$346$181$91$44$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $646,000, adding $4,976 every year, while hoping to spend $34,158 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: 67/10/23 Blend
60$646,000$646,000$646,000$646,000
61$717,025$682,787$672,774$760,539
62$753,817$679,899$658,968$787,477
63$793,218$675,726$643,555$812,559
64$835,457$670,167$626,444$839,191
65$880,786$663,117$607,542$867,525
66$929,482$654,466$586,751$897,731
67$981,849$644,095$563,967$929,997
68$1,038,220$631,878$539,083$964,530
69$1,098,963$617,684$511,986$1,001,560
70$1,164,478$601,372$482,559$1,041,342
71$1,235,210$582,794$450,679$1,084,158
72$1,311,642$561,792$416,218$1,130,318
73$1,394,309$538,199$379,041$1,180,169
74$1,483,798$511,841$339,008$1,234,092
75$1,580,754$482,529$295,974$1,292,509
76$1,685,886$450,069$249,784$1,355,886
77$1,799,975$414,250$200,280$1,424,740
78$1,923,877$374,853$147,294$1,499,642
79$2,058,537$331,645$90,653$1,581,223
80$2,204,993$284,381$30,174$1,670,180
81$2,364,386$232,800$0$1,767,284
82$2,537,974$176,627$0$1,881,822
83$2,727,139$115,574$0$2,014,752
84$2,933,403$49,333$0$2,159,752
85$3,158,441$0$0$2,318,025
86$3,404,096$0$0$2,493,362
87$3,672,399$0$0$2,690,830
88$3,965,582$0$0$2,906,648
89$4,286,106$0$0$3,142,633
90$4,636,679$0$0$3,400,783
91$5,020,281$0$0$3,683,298
92$5,440,197$0$0$3,992,603
93$5,900,042$0$0$4,331,365
94$6,403,797$0$0$4,702,524
95$6,955,846$0$0$5,109,315
96$7,561,018$0$0$5,555,304
97$8,224,631$0$0$6,044,417
98$8,952,544$0$0$6,580,977
99$9,751,207$0$0$7,169,747
100$10,627,726$0$0$7,815,973