Can I retire at age 61 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$54,089$53,607$53,137$52,679$52,231$50,803
2 years$26,777$26,278$25,795$25,326$24,872$23,444
3 years$17,674$17,173$16,691$16,227$15,780$14,396
4 years$13,123$12,624$12,147$11,690$11,254$9,926
5 years$10,394$9,897$9,426$8,979$8,555$7,286
6 years$8,575$8,082$7,618$7,181$6,769$5,560
7 years$7,276$6,787$6,331$5,904$5,505$4,356
8 years$6,302$5,818$5,369$4,953$4,567$3,477
9 years$5,545$5,066$4,624$4,218$3,846$2,814
10 years$4,940$4,465$4,031$3,636$3,277$2,302
11 years$4,445$3,975$3,549$3,165$2,819$1,899
12 years$4,033$3,568$3,150$2,776$2,442$1,577
13 years$3,684$3,224$2,814$2,451$2,130$1,316
14 years$3,386$2,931$2,529$2,175$1,867$1,103
15 years$3,128$2,677$2,283$1,940$1,644$928
16 years$2,902$2,456$2,070$1,737$1,453$783
17 years$2,703$2,262$1,883$1,561$1,288$662
18 years$2,526$2,090$1,719$1,407$1,145$561
19 years$2,368$1,937$1,574$1,271$1,021$476
20 years$2,226$1,800$1,445$1,151$912$405
21 years$2,098$1,677$1,329$1,045$816$345
22 years$1,981$1,565$1,225$950$731$294
23 years$1,875$1,464$1,131$865$657$250
24 years$1,778$1,372$1,046$789$590$214
25 years$1,689$1,287$969$721$531$182
26 years$1,606$1,210$898$659$478$156
27 years$1,530$1,139$834$603$431$133
28 years$1,460$1,073$775$553$389$114
29 years$1,394$1,012$722$507$351$97
30 years$1,333$956$672$465$318$83
31 years$1,276$904$627$427$287$71
32 years$1,223$855$585$392$260$61
33 years$1,173$810$546$361$235$52
34 years$1,126$767$510$332$213$45
35 years$1,082$728$477$306$193$38
36 years$1,040$691$446$282$175$33
37 years$1,001$656$418$259$158$28
38 years$964$624$391$239$143$24
39 years$929$593$366$220$130$21
40 years$895$564$343$203$118$18
41 years$864$537$322$188$107$15
42 years$834$511$302$173$97$13
43 years$805$487$283$160$88$11
44 years$778$464$266$148$80$10
45 years$752$443$250$136$73$8
46 years$728$423$235$126$66$7
47 years$704$403$220$116$60$6
48 years$682$385$207$107$54$5
49 years$660$368$195$99$49$4
50 years$640$351$183$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $655,000, adding $6,486 every year, while hoping to spend $25,475 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: 45/40/15 Blend
60$655,000$655,000$655,000$655,000
61$728,500$693,785$683,633$757,884
62$775,702$700,676$679,429$785,914
63$826,865$707,050$674,231$813,215
64$882,365$712,855$667,978$842,266
65$942,618$718,037$660,607$873,241
66$1,008,080$722,536$652,052$906,331
67$1,079,252$726,288$642,244$941,748
68$1,156,687$729,227$631,111$979,726
69$1,240,992$731,282$618,576$1,020,524
70$1,332,835$732,377$604,560$1,064,430
71$1,432,952$732,431$588,980$1,111,763
72$1,542,152$731,359$571,750$1,162,874
73$1,661,326$729,070$552,778$1,218,153
74$1,791,455$725,468$531,970$1,278,031
75$1,933,618$720,451$509,226$1,342,986
76$2,089,005$713,910$484,442$1,413,546
77$2,258,922$705,731$457,510$1,490,294
78$2,444,812$695,791$428,316$1,573,876
79$2,648,259$683,962$396,741$1,665,006
80$2,871,012$670,107$362,663$1,764,474
81$3,114,994$654,080$325,950$1,873,154
82$3,382,323$635,729$286,469$1,992,010
83$3,675,331$614,892$244,077$2,122,110
84$3,996,589$591,395$198,628$2,264,632
85$4,348,926$565,059$149,966$2,420,880
86$4,735,458$535,689$97,932$2,592,295
87$5,159,620$503,082$42,358$2,780,466
88$5,625,192$467,025$0$2,987,153
89$6,136,341$427,288$0$3,217,010
90$6,697,654$383,631$0$3,476,880
91$7,314,186$335,800$0$3,762,376
92$7,991,505$283,527$0$4,076,148
93$8,735,747$226,527$0$4,421,117
94$9,553,667$164,502$0$4,800,510
95$10,452,713$97,134$0$5,217,884
96$11,441,084$24,088$0$5,677,167
97$12,527,819$0$0$6,182,692
98$13,722,873$0$0$6,763,442
99$15,037,215$0$0$7,413,909
100$16,482,929$0$0$8,129,483