Can I retire at age 61 with 660,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.5%
1 years$54,502$54,017$53,543$53,081$52,629$51,026
2 years$26,981$26,479$25,992$25,520$25,062$23,460
3 years$17,809$17,304$16,818$16,351$15,900$14,351
4 years$13,224$12,720$12,239$11,780$11,340$9,855
5 years$10,473$9,973$9,498$9,048$8,621$7,203
6 years$8,640$8,144$7,676$7,236$6,821$5,473
7 years$7,331$6,839$6,379$5,949$5,547$4,268
8 years$6,350$5,862$5,410$4,990$4,602$3,391
9 years$5,587$5,104$4,659$4,251$3,876$2,731
10 years$4,977$4,499$4,062$3,664$3,302$2,223
11 years$4,479$4,005$3,576$3,189$2,840$1,825
12 years$4,064$3,595$3,174$2,797$2,461$1,507
13 years$3,713$3,249$2,836$2,469$2,146$1,251
14 years$3,412$2,953$2,548$2,192$1,881$1,043
15 years$3,152$2,698$2,300$1,955$1,656$872
16 years$2,924$2,475$2,086$1,750$1,464$732
17 years$2,723$2,279$1,898$1,573$1,298$615
18 years$2,545$2,106$1,732$1,417$1,154$518
19 years$2,386$1,952$1,586$1,281$1,029$437
20 years$2,243$1,814$1,456$1,160$919$370
21 years$2,114$1,690$1,339$1,053$822$313
22 years$1,996$1,577$1,234$957$737$265
23 years$1,889$1,475$1,139$872$662$224
24 years$1,792$1,382$1,054$795$595$190
25 years$1,702$1,297$976$726$535$161
26 years$1,619$1,219$905$664$482$137
27 years$1,542$1,147$840$608$435$116
28 years$1,471$1,081$781$557$392$99
29 years$1,405$1,020$727$511$354$84
30 years$1,343$963$677$469$320$71
31 years$1,286$910$631$430$289$61
32 years$1,232$861$589$395$262$52
33 years$1,182$816$550$364$237$44
34 years$1,135$773$514$335$214$37
35 years$1,090$733$480$308$194$32
36 years$1,048$696$449$284$176$27
37 years$1,009$661$421$261$159$23
38 years$971$628$394$241$145$20
39 years$936$597$369$222$131$17
40 years$902$568$346$205$119$14
41 years$871$541$324$189$108$12
42 years$840$515$304$174$98$10
43 years$812$491$286$161$89$9
44 years$784$468$268$149$81$7
45 years$758$446$252$137$73$6
46 years$733$426$236$127$66$5
47 years$710$406$222$117$60$5
48 years$687$388$209$108$55$4
49 years$665$370$196$100$50$3
50 years$644$354$184$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $660,000, adding $6,989 every year, while hoping to spend $34,779 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: 58/16/26 Blend
60$660,000$660,000$660,000$660,000
61$734,529$699,549$689,319$771,575
62$772,447$696,822$675,407$794,962
63$813,066$692,797$659,863$816,160
64$856,626$687,371$642,595$838,542
65$903,389$680,439$623,510$862,233
66$953,643$671,889$602,505$887,371
67$1,007,702$661,600$579,477$914,109
68$1,065,915$649,445$554,317$942,618
69$1,128,661$635,291$526,909$973,089
70$1,196,360$618,995$497,136$1,005,733
71$1,269,469$600,407$464,871$1,040,785
72$1,348,495$579,366$429,984$1,078,506
73$1,433,992$555,706$392,339$1,119,186
74$1,526,570$529,246$351,793$1,163,146
75$1,626,900$499,799$308,198$1,210,744
76$1,735,719$467,164$261,397$1,262,376
77$1,853,838$431,131$211,230$1,318,481
78$1,982,149$391,476$157,526$1,379,546
79$2,121,633$347,964$100,108$1,446,112
80$2,273,370$300,344$38,792$1,518,777
81$2,438,547$248,354$0$1,598,204
82$2,618,470$191,715$0$1,692,519
83$2,814,579$130,133$0$1,807,109
84$3,028,454$63,298$0$1,932,161
85$3,261,839$0$0$2,068,732
86$3,516,650$0$0$2,219,594
87$3,794,999$0$0$2,396,618
88$4,099,207$0$0$2,590,143
89$4,431,835$0$0$2,801,803
90$4,795,697$0$0$3,033,397
91$5,193,895$0$0$3,286,907
92$5,629,845$0$0$3,564,515
93$6,107,305$0$0$3,868,622
94$6,630,418$0$0$4,201,875
95$7,203,744$0$0$4,567,187
96$7,832,305$0$0$4,967,767
97$8,521,633$0$0$5,407,151
98$9,277,822$0$0$5,889,231
99$10,107,582$0$0$6,418,296
100$11,018,305$0$0$6,999,068