Can I retire at age 61 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$54,502$54,017$53,543$53,081$52,629$52,276
2 years$26,981$26,479$25,992$25,520$25,062$24,705
3 years$17,809$17,304$16,818$16,351$15,900$15,552
4 years$13,224$12,720$12,239$11,780$11,340$11,002
5 years$10,473$9,973$9,498$9,048$8,621$8,294
6 years$8,640$8,144$7,676$7,236$6,821$6,507
7 years$7,331$6,839$6,379$5,949$5,547$5,246
8 years$6,350$5,862$5,410$4,990$4,602$4,313
9 years$5,587$5,104$4,659$4,251$3,876$3,598
10 years$4,977$4,499$4,062$3,664$3,302$3,037
11 years$4,479$4,005$3,576$3,189$2,840$2,587
12 years$4,064$3,595$3,174$2,797$2,461$2,219
13 years$3,713$3,249$2,836$2,469$2,146$1,916
14 years$3,412$2,953$2,548$2,192$1,881$1,662
15 years$3,152$2,698$2,300$1,955$1,656$1,448
16 years$2,924$2,475$2,086$1,750$1,464$1,266
17 years$2,723$2,279$1,898$1,573$1,298$1,110
18 years$2,545$2,106$1,732$1,417$1,154$976
19 years$2,386$1,952$1,586$1,281$1,029$861
20 years$2,243$1,814$1,456$1,160$919$760
21 years$2,114$1,690$1,339$1,053$822$672
22 years$1,996$1,577$1,234$957$737$595
23 years$1,889$1,475$1,139$872$662$528
24 years$1,792$1,382$1,054$795$595$469
25 years$1,702$1,297$976$726$535$417
26 years$1,619$1,219$905$664$482$371
27 years$1,542$1,147$840$608$435$330
28 years$1,471$1,081$781$557$392$294
29 years$1,405$1,020$727$511$354$262
30 years$1,343$963$677$469$320$234
31 years$1,286$910$631$430$289$209
32 years$1,232$861$589$395$262$186
33 years$1,182$816$550$364$237$167
34 years$1,135$773$514$335$214$149
35 years$1,090$733$480$308$194$133
36 years$1,048$696$449$284$176$119
37 years$1,009$661$421$261$159$106
38 years$971$628$394$241$145$95
39 years$936$597$369$222$131$85
40 years$902$568$346$205$119$76
41 years$871$541$324$189$108$68
42 years$840$515$304$174$98$61
43 years$812$491$286$161$89$55
44 years$784$468$268$149$81$49
45 years$758$446$252$137$73$44
46 years$733$426$236$127$66$39
47 years$710$406$222$117$60$35
48 years$687$388$209$108$55$31
49 years$665$370$196$100$50$28
50 years$644$354$184$93$45$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $660,000, adding $5,801 every year, while hoping to spend $47,275 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: 47/32/21 Blend
60$660,000$660,000$660,000$660,000
61$733,304$698,324$688,094$763,138
62$757,800$682,241$660,845$768,490
63$783,211$663,786$631,098$769,113
64$809,580$642,793$598,721$768,811
65$836,952$619,085$563,573$767,521
66$865,377$592,476$525,509$765,173
67$894,908$562,770$484,376$761,696
68$925,601$529,758$440,015$757,014
69$957,516$493,220$392,259$751,049
70$990,718$452,922$340,935$743,719
71$1,025,275$408,620$285,860$734,937
72$1,061,263$360,052$226,846$724,613
73$1,098,761$306,944$163,695$712,654
74$1,137,855$249,005$96,199$698,962
75$1,178,638$185,928$24,144$683,435
76$1,221,210$117,388$0$665,968
77$1,265,678$43,045$0$658,270
78$1,312,158$0$0$654,949
79$1,360,777$0$0$663,719
80$1,411,671$0$0$688,785
81$1,464,987$0$0$715,065
82$1,520,885$0$0$742,640
83$1,579,538$0$0$771,598
84$1,641,135$0$0$802,037
85$1,705,880$0$0$834,060
86$1,773,995$0$0$867,781
87$1,845,723$0$0$903,323
88$1,921,327$0$0$940,823
89$2,001,093$0$0$980,427
90$2,085,335$0$0$1,022,294
91$2,174,394$0$0$1,066,601
92$2,268,642$0$0$1,113,539
93$2,368,486$0$0$1,163,315
94$2,474,370$0$0$1,216,159
95$2,586,779$0$0$1,272,320
96$2,706,245$0$0$1,332,070
97$2,833,349$0$0$1,395,710
98$2,968,725$0$0$1,463,565
99$3,113,071$0$0$1,535,994
100$3,267,148$0$0$1,613,391