Can I retire at age 61 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$54,585$54,099$53,624$53,161$52,709$51,582
2 years$27,022$26,519$26,031$25,558$25,100$23,969
3 years$17,836$17,330$16,844$16,375$15,924$14,826
4 years$13,244$12,740$12,258$11,798$11,357$10,300
5 years$10,489$9,988$9,513$9,062$8,634$7,620
6 years$8,653$8,156$7,688$7,247$6,831$5,863
7 years$7,342$6,849$6,389$5,958$5,556$4,632
8 years$6,360$5,871$5,418$4,998$4,609$3,730
9 years$5,596$5,112$4,666$4,257$3,882$3,047
10 years$4,985$4,506$4,068$3,670$3,307$2,516
11 years$4,486$4,011$3,582$3,194$2,844$2,095
12 years$4,070$3,600$3,179$2,801$2,465$1,757
13 years$3,718$3,254$2,840$2,473$2,149$1,481
14 years$3,417$2,958$2,552$2,195$1,884$1,254
15 years$3,156$2,702$2,304$1,958$1,659$1,066
16 years$2,928$2,479$2,089$1,753$1,466$909
17 years$2,728$2,283$1,901$1,575$1,300$778
18 years$2,549$2,109$1,735$1,420$1,156$666
19 years$2,390$1,955$1,588$1,283$1,030$572
20 years$2,247$1,817$1,458$1,162$920$492
21 years$2,117$1,692$1,341$1,054$824$423
22 years$2,000$1,580$1,236$959$738$365
23 years$1,892$1,477$1,141$873$663$315
24 years$1,794$1,384$1,055$796$596$272
25 years$1,704$1,299$977$727$536$235
26 years$1,621$1,221$906$665$483$203
27 years$1,544$1,149$842$609$435$176
28 years$1,473$1,083$783$558$393$152
29 years$1,407$1,021$728$511$355$132
30 years$1,346$965$678$469$320$114
31 years$1,288$912$632$431$290$99
32 years$1,234$863$590$396$262$86
33 years$1,184$817$551$364$237$74
34 years$1,136$774$515$335$215$64
35 years$1,092$735$481$309$194$56
36 years$1,050$697$450$284$176$48
37 years$1,010$662$421$262$160$42
38 years$973$629$395$241$145$36
39 years$937$598$370$222$131$32
40 years$904$569$346$205$119$27
41 years$872$542$325$189$108$24
42 years$842$516$305$175$98$21
43 years$813$492$286$161$89$18
44 years$785$469$268$149$81$16
45 years$759$447$252$138$73$13
46 years$734$426$237$127$67$12
47 years$711$407$222$117$60$10
48 years$688$388$209$108$55$9
49 years$666$371$196$100$50$8
50 years$645$354$185$93$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $661,000, adding $4,405 every year, while hoping to spend $28,122 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: 72/13/15 Blend
60$661,000$661,000$661,000$661,000
61$732,966$697,933$687,687$782,965
62$777,807$702,210$680,803$820,983
63$826,279$705,754$672,746$858,757
64$878,723$708,500$663,447$899,384
65$935,513$710,377$652,833$943,139
66$997,062$711,312$640,829$990,329
67$1,063,822$711,225$627,356$1,041,289
68$1,136,291$710,034$612,331$1,096,390
69$1,215,016$707,649$595,668$1,156,041
70$1,300,600$703,977$577,275$1,220,694
71$1,393,705$698,916$557,058$1,290,846
72$1,495,061$692,361$534,918$1,367,046
73$1,605,471$684,200$510,751$1,449,899
74$1,725,816$674,313$484,449$1,540,072
75$1,857,070$662,574$455,898$1,638,303
76$2,000,300$648,850$424,980$1,745,403
77$2,156,685$632,998$391,571$1,862,267
78$2,327,520$614,868$355,542$1,989,885
79$2,514,233$594,302$316,758$2,129,344
80$2,718,393$571,132$275,078$2,281,847
81$2,941,731$545,178$230,355$2,448,719
82$3,186,149$516,255$182,434$2,631,422
83$3,453,746$484,161$131,155$2,831,567
84$3,746,830$448,686$76,351$3,050,931
85$4,067,944$409,609$17,845$3,291,475
86$4,419,888$366,694$0$3,555,360
87$4,805,747$319,691$0$3,852,108
88$5,228,916$268,339$0$4,180,720
89$5,693,137$212,360$0$4,541,270
90$6,202,532$151,460$0$4,936,986
91$6,761,638$85,330$0$5,371,428
92$7,375,457$13,643$0$5,848,518
93$8,049,495$0$0$6,372,578
94$8,789,820$0$0$6,957,520
95$9,603,115$0$0$7,602,296
96$10,496,744$0$0$8,310,795
97$11,478,817$0$0$9,089,452
98$12,558,271$0$0$9,945,358
99$13,744,950$0$0$10,886,322
100$15,049,702$0$0$11,920,951