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%17.1%
1 years$53,759$53,280$52,813$52,357$51,912$50,412
2 years$26,613$26,118$25,637$25,172$24,720$23,220
3 years$17,566$17,068$16,589$16,128$15,683$14,232
4 years$13,043$12,547$12,073$11,619$11,185$9,793
5 years$10,330$9,837$9,369$8,925$8,503$7,173
6 years$8,522$8,033$7,571$7,137$6,728$5,462
7 years$7,231$6,746$6,292$5,868$5,472$4,269
8 years$6,263$5,782$5,336$4,922$4,539$3,400
9 years$5,511$5,035$4,596$4,193$3,823$2,745
10 years$4,910$4,438$4,007$3,614$3,257$2,240
11 years$4,418$3,951$3,528$3,145$2,801$1,843
12 years$4,008$3,546$3,131$2,759$2,428$1,526
13 years$3,662$3,204$2,797$2,436$2,117$1,271
14 years$3,365$2,913$2,513$2,162$1,856$1,062
15 years$3,109$2,661$2,269$1,928$1,634$891
16 years$2,884$2,441$2,057$1,727$1,444$750
17 years$2,686$2,248$1,872$1,551$1,280$632
18 years$2,511$2,078$1,709$1,398$1,138$534
19 years$2,354$1,925$1,564$1,263$1,015$452
20 years$2,213$1,789$1,436$1,144$906$383
21 years$2,085$1,667$1,321$1,038$811$325
22 years$1,969$1,556$1,217$944$727$276
23 years$1,864$1,455$1,124$860$653$235
24 years$1,767$1,363$1,039$784$587$200
25 years$1,678$1,279$963$716$528$170
26 years$1,597$1,202$893$655$475$145
27 years$1,521$1,132$829$599$429$123
28 years$1,451$1,066$771$549$387$105
29 years$1,386$1,006$717$504$349$90
30 years$1,325$950$668$462$316$76
31 years$1,269$898$623$424$285$65
32 years$1,216$850$581$390$258$56
33 years$1,166$805$543$359$234$47
34 years$1,119$763$507$330$211$40
35 years$1,075$723$474$304$192$34
36 years$1,034$687$443$280$174$29
37 years$995$652$415$258$157$25
38 years$958$620$389$238$143$21
39 years$923$589$364$219$129$18
40 years$890$561$341$202$117$16
41 years$859$534$320$186$106$13
42 years$829$508$300$172$97$11
43 years$800$484$282$159$88$10
44 years$773$462$264$147$80$8
45 years$748$440$248$135$72$7
46 years$723$420$233$125$66$6
47 years$700$401$219$116$60$5
48 years$677$383$206$107$54$4
49 years$656$365$193$99$49$4
50 years$636$349$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $651,000, adding $3,026 every year, while hoping to spend $50,603 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: 55/36/9 Blend
60$651,000$651,000$651,000$651,000
61$720,523$686,020$675,930$758,410
62$740,175$665,794$644,732$764,153
63$760,136$642,881$610,794$764,572
64$780,383$617,095$573,969$763,815
65$800,891$588,242$534,105$761,779
66$821,630$556,113$491,045$758,353
67$842,564$520,490$444,623$753,418
68$863,652$481,141$394,665$746,845
69$884,849$437,821$340,990$738,497
70$906,100$390,271$283,410$728,227
71$927,346$338,218$221,728$715,876
72$948,516$281,372$155,737$701,274
73$969,533$219,428$85,223$684,239
74$990,309$152,063$9,961$664,573
75$1,010,743$78,936$0$642,068
76$1,030,722$0$0$623,252
77$1,050,122$0$0$602,708
78$1,068,800$0$0$612,965
79$1,086,597$0$0$622,655
80$1,103,336$0$0$631,669
81$1,118,819$0$0$639,885
82$1,132,823$0$0$647,169
83$1,145,103$0$0$653,369
84$1,155,381$0$0$658,318
85$1,163,353$0$0$661,828
86$1,168,677$0$0$663,691
87$1,170,974$0$0$663,677
88$1,169,822$0$0$661,528
89$1,164,755$0$0$656,961
90$1,155,252$0$0$649,658
91$1,140,738$0$0$639,269
92$1,120,574$0$0$625,406
93$1,094,054$0$0$607,638
94$1,060,393$0$0$585,488
95$1,018,723$0$0$558,430
96$968,083$0$0$525,878
97$907,409$0$0$487,186
98$835,525$0$0$441,639
99$751,129$0$0$388,446
100$652,781$0$0$326,733