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%12.8%
1 years$54,502$54,017$53,543$53,081$52,629$52,015
2 years$26,981$26,479$25,992$25,520$25,062$24,443
3 years$17,809$17,304$16,818$16,351$15,900$15,297
4 years$13,224$12,720$12,239$11,780$11,340$10,757
5 years$10,473$9,973$9,498$9,048$8,621$8,059
6 years$8,640$8,144$7,676$7,236$6,821$6,281
7 years$7,331$6,839$6,379$5,949$5,547$5,030
8 years$6,350$5,862$5,410$4,990$4,602$4,107
9 years$5,587$5,104$4,659$4,251$3,876$3,403
10 years$4,977$4,499$4,062$3,664$3,302$2,851
11 years$4,479$4,005$3,576$3,189$2,840$2,411
12 years$4,064$3,595$3,174$2,797$2,461$2,053
13 years$3,713$3,249$2,836$2,469$2,146$1,758
14 years$3,412$2,953$2,548$2,192$1,881$1,513
15 years$3,152$2,698$2,300$1,955$1,656$1,308
16 years$2,924$2,475$2,086$1,750$1,464$1,134
17 years$2,723$2,279$1,898$1,573$1,298$986
18 years$2,545$2,106$1,732$1,417$1,154$860
19 years$2,386$1,952$1,586$1,281$1,029$751
20 years$2,243$1,814$1,456$1,160$919$658
21 years$2,114$1,690$1,339$1,053$822$577
22 years$1,996$1,577$1,234$957$737$506
23 years$1,889$1,475$1,139$872$662$445
24 years$1,792$1,382$1,054$795$595$392
25 years$1,702$1,297$976$726$535$345
26 years$1,619$1,219$905$664$482$304
27 years$1,542$1,147$840$608$435$268
28 years$1,471$1,081$781$557$392$237
29 years$1,405$1,020$727$511$354$209
30 years$1,343$963$677$469$320$184
31 years$1,286$910$631$430$289$163
32 years$1,232$861$589$395$262$144
33 years$1,182$816$550$364$237$127
34 years$1,135$773$514$335$214$113
35 years$1,090$733$480$308$194$100
36 years$1,048$696$449$284$176$88
37 years$1,009$661$421$261$159$78
38 years$971$628$394$241$145$69
39 years$936$597$369$222$131$61
40 years$902$568$346$205$119$54
41 years$871$541$324$189$108$48
42 years$840$515$304$174$98$43
43 years$812$491$286$161$89$38
44 years$784$468$268$149$81$33
45 years$758$446$252$137$73$30
46 years$733$426$236$127$66$26
47 years$710$406$222$117$60$23
48 years$687$388$209$108$55$21
49 years$665$370$196$100$50$18
50 years$644$354$184$93$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $660,000, adding $2,803 every year, while hoping to spend $55,131 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: 65/6/29 Blend
60$660,000$660,000$660,000$660,000
61$730,211$695,231$685,001$771,885
62$746,034$670,639$649,290$775,827
63$761,623$642,993$610,534$773,784
64$776,895$612,087$568,575$770,353
65$791,760$577,701$523,243$765,405
66$806,113$539,602$474,365$758,799
67$819,838$497,544$421,758$750,381
68$832,806$451,267$365,231$739,985
69$844,870$400,497$304,584$727,431
70$855,869$344,944$239,610$712,520
71$865,622$284,301$170,092$695,041
72$873,927$218,243$95,801$674,759
73$880,560$146,429$16,503$651,422
74$885,270$68,497$0$624,754
75$887,780$0$0$615,534
76$887,780$0$0$610,227
77$884,928$0$0$607,375
78$878,843$0$0$602,181
79$869,102$0$0$594,343
80$855,237$0$0$583,523
81$836,729$0$0$569,350
82$813,002$0$0$551,409
83$783,419$0$0$529,244
84$747,274$0$0$502,348
85$703,787$0$0$470,161
86$652,093$0$0$432,063
87$591,238$0$0$387,369
88$520,162$0$0$335,319
89$437,699$0$0$275,077
90$342,555$0$0$205,714
91$233,303$0$0$126,208
92$108,366$0$0$35,427
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0