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%13.1%
1 years$54,420$53,935$53,462$53,000$52,550$51,871
2 years$26,940$26,439$25,952$25,481$25,024$24,341
3 years$17,782$17,278$16,793$16,326$15,876$15,211
4 years$13,203$12,701$12,221$11,762$11,323$10,680
5 years$10,457$9,958$9,484$9,034$8,607$7,989
6 years$8,627$8,131$7,664$7,225$6,811$6,217
7 years$7,320$6,829$6,369$5,940$5,539$4,970
8 years$6,340$5,853$5,402$4,983$4,595$4,051
9 years$5,579$5,096$4,652$4,244$3,870$3,351
10 years$4,970$4,492$4,056$3,659$3,297$2,802
11 years$4,472$3,999$3,571$3,184$2,836$2,365
12 years$4,058$3,589$3,169$2,793$2,457$2,010
13 years$3,707$3,244$2,831$2,466$2,143$1,718
14 years$3,407$2,949$2,544$2,189$1,878$1,476
15 years$3,147$2,694$2,297$1,952$1,654$1,273
16 years$2,920$2,471$2,082$1,748$1,462$1,102
17 years$2,719$2,276$1,895$1,570$1,296$956
18 years$2,542$2,103$1,730$1,415$1,152$832
19 years$2,383$1,949$1,584$1,279$1,027$725
20 years$2,240$1,811$1,453$1,158$917$633
21 years$2,111$1,687$1,337$1,051$821$554
22 years$1,993$1,575$1,232$956$736$485
23 years$1,887$1,473$1,138$870$661$426
24 years$1,789$1,380$1,052$794$594$374
25 years$1,699$1,295$974$725$534$328
26 years$1,616$1,217$904$663$481$289
27 years$1,540$1,145$839$607$434$254
28 years$1,469$1,079$780$556$392$224
29 years$1,403$1,018$726$510$354$197
30 years$1,341$962$676$468$319$173
31 years$1,284$909$630$430$289$153
32 years$1,230$860$588$395$261$135
33 years$1,180$815$549$363$236$119
34 years$1,133$772$513$334$214$105
35 years$1,089$732$480$308$194$93
36 years$1,047$695$449$283$176$82
37 years$1,007$660$420$261$159$72
38 years$970$627$393$241$144$64
39 years$934$597$369$222$131$56
40 years$901$568$345$205$119$50
41 years$869$540$324$189$108$44
42 years$839$515$304$174$98$39
43 years$810$490$285$161$89$34
44 years$783$467$268$148$81$30
45 years$757$446$251$137$73$27
46 years$732$425$236$127$66$24
47 years$708$406$222$117$60$21
48 years$686$387$208$108$55$19
49 years$664$370$196$100$50$16
50 years$643$353$184$92$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $659,000, adding $3,706 every year, while hoping to spend $27,444 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: 69/15/16 Blend
60$659,000$659,000$659,000$659,000
61$730,041$695,114$684,899$777,422
62$775,305$699,974$678,643$814,314
63$824,266$704,153$671,258$851,055
64$877,272$707,588$662,676$890,561
65$934,706$710,212$652,828$933,098
66$996,989$711,955$641,641$978,965
67$1,064,584$712,743$629,038$1,028,489
68$1,137,999$712,495$614,938$1,082,032
69$1,217,795$711,127$599,258$1,139,991
70$1,304,587$708,549$581,910$1,202,806
71$1,399,053$704,666$562,802$1,270,964
72$1,501,939$699,377$541,838$1,344,998
73$1,614,064$692,574$518,918$1,425,500
74$1,736,333$684,144$493,936$1,513,120
75$1,869,738$673,967$466,782$1,608,578
76$2,015,375$661,914$437,342$1,712,667
77$2,174,446$647,851$405,496$1,826,261
78$2,348,278$631,634$371,119$1,950,324
79$2,538,330$613,112$334,079$2,085,922
80$2,746,208$592,124$294,240$2,234,228
81$2,973,683$568,499$251,459$2,396,538
82$3,222,703$542,060$205,586$2,574,279
83$3,495,412$512,614$156,467$2,769,028
84$3,794,173$479,961$103,937$2,982,522
85$4,121,588$443,888$47,829$3,216,679
86$4,480,522$404,171$0$3,473,613
87$4,874,131$360,572$0$3,757,712
88$5,305,892$312,838$0$4,078,338
89$5,779,631$260,706$0$4,430,188
90$6,299,567$203,894$0$4,816,423
91$6,870,345$142,107$0$5,240,528
92$7,497,080$75,031$0$5,706,345
93$8,185,411$2,335$0$6,218,107
94$8,941,546$0$0$6,780,481
95$9,772,324$0$0$7,411,209
96$10,685,283$0$0$8,104,791
97$11,688,723$0$0$8,867,154
98$12,791,791$0$0$9,705,252
99$14,004,562$0$0$10,626,746
100$15,338,138$0$0$11,640,076