Can I retire at age 61 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$53,759$53,280$52,813$52,357$51,912$51,434
2 years$26,613$26,118$25,637$25,172$24,720$24,238
3 years$17,566$17,068$16,589$16,128$15,683$15,213
4 years$13,043$12,547$12,073$11,619$11,185$10,730
5 years$10,330$9,837$9,369$8,925$8,503$8,064
6 years$8,522$8,033$7,571$7,137$6,728$6,306
7 years$7,231$6,746$6,292$5,868$5,472$5,067
8 years$6,263$5,782$5,336$4,922$4,539$4,151
9 years$5,511$5,035$4,596$4,193$3,823$3,452
10 years$4,910$4,438$4,007$3,614$3,257$2,903
11 years$4,418$3,951$3,528$3,145$2,801$2,463
12 years$4,008$3,546$3,131$2,759$2,428$2,105
13 years$3,662$3,204$2,797$2,436$2,117$1,810
14 years$3,365$2,913$2,513$2,162$1,856$1,565
15 years$3,109$2,661$2,269$1,928$1,634$1,358
16 years$2,884$2,441$2,057$1,727$1,444$1,182
17 years$2,686$2,248$1,872$1,551$1,280$1,032
18 years$2,511$2,078$1,709$1,398$1,138$904
19 years$2,354$1,925$1,564$1,263$1,015$793
20 years$2,213$1,789$1,436$1,144$906$697
21 years$2,085$1,667$1,321$1,038$811$614
22 years$1,969$1,556$1,217$944$727$542
23 years$1,864$1,455$1,124$860$653$478
24 years$1,767$1,363$1,039$784$587$423
25 years$1,678$1,279$963$716$528$374
26 years$1,597$1,202$893$655$475$331
27 years$1,521$1,132$829$599$429$294
28 years$1,451$1,066$771$549$387$260
29 years$1,386$1,006$717$504$349$231
30 years$1,325$950$668$462$316$205
31 years$1,269$898$623$424$285$182
32 years$1,216$850$581$390$258$162
33 years$1,166$805$543$359$234$144
34 years$1,119$763$507$330$211$128
35 years$1,075$723$474$304$192$114
36 years$1,034$687$443$280$174$101
37 years$995$652$415$258$157$90
38 years$958$620$389$238$143$80
39 years$923$589$364$219$129$71
40 years$890$561$341$202$117$63
41 years$859$534$320$186$106$56
42 years$829$508$300$172$97$50
43 years$800$484$282$159$88$45
44 years$773$462$264$147$80$40
45 years$748$440$248$135$72$36
46 years$723$420$233$125$66$32
47 years$700$401$219$116$60$28
48 years$677$383$206$107$54$25
49 years$656$365$193$99$49$22
50 years$636$349$182$91$45$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $651,000, adding $3,655 every year, while hoping to spend $24,025 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: 63/24/13 Blend
60$651,000$651,000$651,000$651,000
61$721,172$686,669$676,579$764,155
62$769,169$694,754$673,682$801,482
63$821,257$702,429$669,882$839,131
64$877,827$709,650$665,125$879,650
65$939,310$716,367$659,352$923,320
66$1,006,181$722,531$652,501$970,449
67$1,078,961$728,085$644,510$1,021,375
68$1,158,225$732,970$635,311$1,076,474
69$1,244,604$737,125$624,833$1,136,159
70$1,338,792$740,484$613,004$1,200,887
71$1,441,556$742,974$599,747$1,271,161
72$1,553,738$744,523$584,981$1,347,536
73$1,676,263$745,049$568,623$1,430,623
74$1,810,154$744,468$550,583$1,521,100
75$1,956,534$742,691$530,772$1,619,710
76$2,116,639$739,622$509,091$1,727,276
77$2,291,832$735,159$485,442$1,844,704
78$2,483,612$729,195$459,717$1,972,995
79$2,693,632$721,617$431,809$2,113,252
80$2,923,709$712,303$401,601$2,266,691
81$3,175,847$701,125$368,974$2,434,656
82$3,452,251$687,948$333,803$2,618,626
83$3,755,351$672,628$295,956$2,820,235
84$4,087,823$655,013$255,297$3,041,284
85$4,452,615$634,942$211,682$3,283,759
86$4,852,971$612,244$164,964$3,549,851
87$5,292,469$586,739$114,985$3,841,977
88$5,775,048$558,236$61,584$4,162,802
89$6,305,046$526,533$4,590$4,515,264
90$6,887,243$491,415$0$4,902,605
91$7,526,906$452,659$0$5,336,199
92$8,229,834$410,023$0$5,813,374
93$9,002,420$363,257$0$6,337,865
94$9,851,704$312,094$0$6,914,494
95$10,785,442$256,251$0$7,548,575
96$11,812,181$195,431$0$8,245,966
97$12,941,336$129,319$0$9,013,124
98$14,183,280$57,584$0$9,857,167
99$15,549,444$0$0$10,785,943
100$17,052,419$0$0$11,813,416