Can I retire at age 61 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$53,511$53,035$52,570$52,116$51,672$51,347
2 years$26,491$25,997$25,519$25,056$24,606$24,277
3 years$17,485$16,990$16,513$16,053$15,611$15,290
4 years$12,983$12,489$12,017$11,566$11,134$10,823
5 years$10,283$9,792$9,326$8,883$8,464$8,163
6 years$8,483$7,996$7,537$7,104$6,697$6,408
7 years$7,198$6,715$6,263$5,841$5,447$5,168
8 years$6,235$5,756$5,311$4,900$4,518$4,251
9 years$5,486$5,011$4,575$4,173$3,805$3,549
10 years$4,887$4,417$3,988$3,598$3,242$2,997
11 years$4,397$3,932$3,511$3,131$2,788$2,555
12 years$3,990$3,530$3,116$2,746$2,416$2,193
13 years$3,645$3,190$2,784$2,425$2,107$1,894
14 years$3,350$2,899$2,502$2,152$1,847$1,645
15 years$3,094$2,649$2,259$1,919$1,626$1,434
16 years$2,871$2,430$2,048$1,719$1,437$1,255
17 years$2,674$2,238$1,863$1,544$1,274$1,101
18 years$2,499$2,068$1,701$1,392$1,133$969
19 years$2,343$1,917$1,557$1,257$1,010$854
20 years$2,202$1,781$1,429$1,139$902$755
21 years$2,075$1,659$1,314$1,034$807$668
22 years$1,960$1,549$1,211$940$724$593
23 years$1,855$1,448$1,119$856$650$526
24 years$1,759$1,357$1,035$781$584$467
25 years$1,671$1,273$958$713$525$416
26 years$1,589$1,197$889$652$473$370
27 years$1,514$1,126$825$597$427$330
28 years$1,444$1,061$767$547$385$294
29 years$1,379$1,001$714$501$348$263
30 years$1,319$946$665$460$314$234
31 years$1,263$894$620$423$284$209
32 years$1,210$846$578$388$257$187
33 years$1,160$801$540$357$232$167
34 years$1,114$759$505$329$210$150
35 years$1,070$720$472$302$191$134
36 years$1,029$683$441$279$173$120
37 years$990$649$413$257$157$107
38 years$954$617$387$237$142$96
39 years$919$587$362$218$129$86
40 years$886$558$340$201$117$77
41 years$855$531$319$186$106$69
42 years$825$506$299$171$96$62
43 years$797$482$280$158$87$55
44 years$770$460$263$146$79$50
45 years$744$438$247$135$72$44
46 years$720$418$232$125$65$40
47 years$697$399$218$115$59$36
48 years$674$381$205$106$54$32
49 years$653$364$193$98$49$29
50 years$633$347$181$91$44$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $648,000, adding $3,540 every year, while hoping to spend $40,650 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: 62/19/19 Blend
60$648,000$648,000$648,000$648,000
61$717,748$683,404$673,360$758,539
62$747,706$673,639$652,666$776,700
63$779,359$662,034$629,916$791,653
64$812,834$648,454$605,000$807,037
65$848,275$632,760$577,798$822,896
66$885,835$614,801$548,191$839,283
67$925,684$594,420$516,049$856,258
68$968,006$571,450$481,239$873,886
69$1,013,005$545,712$443,623$892,244
70$1,060,900$517,021$403,053$911,417
71$1,111,935$485,178$359,378$931,501
72$1,166,374$449,974$312,439$952,604
73$1,224,509$411,186$262,070$974,849
74$1,286,656$368,582$208,097$998,372
75$1,353,166$321,914$150,339$1,023,327
76$1,424,421$270,920$88,607$1,049,887
77$1,500,841$215,323$22,705$1,078,244
78$1,582,886$154,834$0$1,108,615
79$1,671,062$89,142$0$1,150,897
80$1,765,923$17,923$0$1,201,244
81$1,868,080$0$0$1,255,397
82$1,978,200$0$0$1,326,111
83$2,097,020$0$0$1,406,490
84$2,225,346$0$0$1,493,340
85$2,364,065$0$0$1,587,265
86$2,514,154$0$0$1,688,931
87$2,676,684$0$0$1,799,069
88$2,852,834$0$0$1,918,485
89$3,043,899$0$0$2,048,062
90$3,251,306$0$0$2,188,773
91$3,476,621$0$0$2,341,689
92$3,721,569$0$0$2,507,987
93$3,988,048$0$0$2,688,961
94$4,278,144$0$0$2,886,038
95$4,594,154$0$0$3,100,784
96$4,938,606$0$0$3,334,927
97$5,314,281$0$0$3,590,364
98$5,724,241$0$0$3,869,188
99$6,171,856$0$0$4,173,698
100$6,660,836$0$0$4,506,429