Can I retire at age 61 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$54,420$53,935$53,462$53,000$52,550$51,914
2 years$26,940$26,439$25,952$25,481$25,024$24,384
3 years$17,782$17,278$16,793$16,326$15,876$15,253
4 years$13,203$12,701$12,221$11,762$11,323$10,720
5 years$10,457$9,958$9,484$9,034$8,607$8,027
6 years$8,627$8,131$7,664$7,225$6,811$6,253
7 years$7,320$6,829$6,369$5,940$5,539$5,005
8 years$6,340$5,853$5,402$4,983$4,595$4,084
9 years$5,579$5,096$4,652$4,244$3,870$3,382
10 years$4,970$4,492$4,056$3,659$3,297$2,832
11 years$4,472$3,999$3,571$3,184$2,836$2,393
12 years$4,058$3,589$3,169$2,793$2,457$2,036
13 years$3,707$3,244$2,831$2,466$2,143$1,743
14 years$3,407$2,949$2,544$2,189$1,878$1,499
15 years$3,147$2,694$2,297$1,952$1,654$1,295
16 years$2,920$2,471$2,082$1,748$1,462$1,122
17 years$2,719$2,276$1,895$1,570$1,296$975
18 years$2,542$2,103$1,730$1,415$1,152$850
19 years$2,383$1,949$1,584$1,279$1,027$742
20 years$2,240$1,811$1,453$1,158$917$649
21 years$2,111$1,687$1,337$1,051$821$568
22 years$1,993$1,575$1,232$956$736$499
23 years$1,887$1,473$1,138$870$661$438
24 years$1,789$1,380$1,052$794$594$385
25 years$1,699$1,295$974$725$534$339
26 years$1,616$1,217$904$663$481$298
27 years$1,540$1,145$839$607$434$263
28 years$1,469$1,079$780$556$392$232
29 years$1,403$1,018$726$510$354$205
30 years$1,341$962$676$468$319$181
31 years$1,284$909$630$430$289$159
32 years$1,230$860$588$395$261$141
33 years$1,180$815$549$363$236$124
34 years$1,133$772$513$334$214$110
35 years$1,089$732$480$308$194$97
36 years$1,047$695$449$283$176$86
37 years$1,007$660$420$261$159$76
38 years$970$627$393$241$144$67
39 years$934$597$369$222$131$60
40 years$901$568$345$205$119$53
41 years$869$540$324$189$108$47
42 years$839$515$304$174$98$41
43 years$810$490$285$161$89$37
44 years$783$467$268$148$81$32
45 years$757$446$251$137$73$29
46 years$732$425$236$127$66$25
47 years$708$406$222$117$60$22
48 years$686$387$208$108$55$20
49 years$664$370$196$100$50$18
50 years$643$353$184$92$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $659,000, adding $5,356 every year, while hoping to spend $42,144 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: 40/34/26 Blend
60$659,000$659,000$659,000$659,000
61$731,743$696,816$686,601$755,210
62$761,540$686,119$664,761$761,993
63$792,963$673,485$640,778$764,987
64$826,135$658,776$614,533$767,408
65$861,188$641,842$585,907$769,227
66$898,265$622,529$554,771$770,418
67$937,526$600,671$520,994$770,958
68$979,142$576,092$484,435$770,821
69$1,023,301$548,607$444,950$769,986
70$1,070,209$518,020$402,388$768,434
71$1,120,092$484,125$356,589$766,146
72$1,173,196$446,701$307,389$763,110
73$1,229,790$405,518$254,615$759,314
74$1,290,170$360,329$198,086$754,754
75$1,354,659$310,877$137,614$749,430
76$1,423,612$256,889$73,002$743,347
77$1,497,418$198,074$4,045$736,519
78$1,576,503$134,128$0$728,967
79$1,661,335$64,728$0$740,015
80$1,752,427$0$0$752,865
81$1,850,341$0$0$770,428
82$1,955,697$0$0$815,445
83$2,069,172$0$0$863,996
84$2,191,512$0$0$916,409
85$2,323,537$0$0$973,043
86$2,466,145$0$0$1,034,293
87$2,620,327$0$0$1,100,593
88$2,787,168$0$0$1,172,422
89$2,967,863$0$0$1,250,303
90$3,163,725$0$0$1,334,814
91$3,376,200$0$0$1,426,591
92$3,606,874$0$0$1,526,331
93$3,857,497$0$0$1,634,802
94$4,129,988$0$0$1,752,850
95$4,426,463$0$0$1,881,406
96$4,749,247$0$0$2,021,491
97$5,100,901$0$0$2,174,233
98$5,484,242$0$0$2,340,871
99$5,902,369$0$0$2,522,769
100$6,358,695$0$0$2,721,429