Can I retire at age 61 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$54,750$54,262$53,786$53,322$52,869$52,036
2 years$27,104$26,599$26,110$25,636$25,176$24,338
3 years$17,890$17,383$16,895$16,425$15,972$15,157
4 years$13,284$12,778$12,295$11,833$11,392$10,605
5 years$10,521$10,018$9,542$9,089$8,660$7,903
6 years$8,679$8,181$7,711$7,269$6,852$6,127
7 years$7,365$6,870$6,408$5,976$5,573$4,879
8 years$6,379$5,889$5,434$5,013$4,623$3,961
9 years$5,613$5,127$4,681$4,270$3,893$3,263
10 years$5,000$4,520$4,081$3,681$3,317$2,717
11 years$4,499$4,023$3,593$3,203$2,853$2,283
12 years$4,082$3,611$3,188$2,810$2,472$1,932
13 years$3,729$3,264$2,849$2,481$2,156$1,644
14 years$3,427$2,966$2,559$2,202$1,890$1,405
15 years$3,166$2,710$2,311$1,964$1,664$1,206
16 years$2,937$2,486$2,095$1,758$1,471$1,039
17 years$2,736$2,290$1,906$1,580$1,304$897
18 years$2,557$2,116$1,740$1,424$1,159$777
19 years$2,397$1,961$1,593$1,287$1,033$674
20 years$2,253$1,822$1,462$1,165$923$585
21 years$2,123$1,697$1,345$1,057$826$509
22 years$2,006$1,584$1,240$962$740$444
23 years$1,898$1,482$1,144$876$665$387
24 years$1,800$1,388$1,058$799$597$338
25 years$1,709$1,303$980$729$538$295
26 years$1,626$1,225$909$667$484$258
27 years$1,549$1,152$844$610$437$226
28 years$1,478$1,086$785$559$394$198
29 years$1,411$1,024$730$513$356$173
30 years$1,350$968$680$471$321$152
31 years$1,292$915$634$432$291$133
32 years$1,238$865$592$397$263$117
33 years$1,187$820$553$365$238$102
34 years$1,140$777$516$336$215$90
35 years$1,095$737$483$309$195$79
36 years$1,053$699$452$285$177$69
37 years$1,013$664$423$263$160$61
38 years$976$631$396$242$145$53
39 years$940$600$371$223$132$47
40 years$906$571$348$206$119$41
41 years$874$544$326$190$108$36
42 years$844$518$306$175$98$32
43 years$815$493$287$162$89$28
44 years$788$470$269$149$81$24
45 years$762$448$253$138$74$21
46 years$737$428$237$127$67$19
47 years$713$408$223$118$61$17
48 years$690$390$210$109$55$15
49 years$668$372$197$101$50$13
50 years$647$355$185$93$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $663,000, adding $4,714 every year, while hoping to spend $26,795 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: 81/6/13 Blend
60$663,000$663,000$663,000$663,000
61$735,488$700,349$690,073$792,869
62$781,999$706,157$684,681$837,027
63$832,355$711,351$678,210$881,514
64$886,921$715,873$670,596$929,566
65$946,097$719,661$661,771$981,526
66$1,010,324$722,649$651,665$1,037,775
67$1,080,085$724,767$640,204$1,098,730
68$1,155,913$725,940$627,310$1,164,852
69$1,238,394$726,089$612,903$1,236,647
70$1,328,172$725,129$596,897$1,314,674
71$1,425,957$722,972$579,204$1,399,549
72$1,532,528$719,521$559,731$1,491,950
73$1,648,745$714,677$538,381$1,592,624
74$1,775,553$708,332$515,053$1,702,396
75$1,913,992$700,373$489,640$1,822,171
76$2,065,208$690,680$462,032$1,952,951
77$2,230,462$679,126$432,113$2,095,838
78$2,411,142$665,576$399,761$2,252,045
79$2,608,776$649,887$364,851$2,422,912
80$2,825,047$631,907$327,249$2,609,913
81$3,061,809$611,477$286,819$2,814,675
82$3,321,101$588,427$243,415$3,038,987
83$3,605,171$562,578$196,887$3,284,826
84$3,916,494$533,740$147,078$3,554,366
85$4,257,794$501,711$93,824$3,850,007
86$4,632,075$466,281$36,953$4,174,392
87$5,042,642$427,224$0$4,530,433
88$5,493,137$384,304$0$4,924,635
89$5,987,571$337,269$0$5,362,926
90$6,530,363$285,854$0$5,844,105
91$7,126,379$229,780$0$6,372,496
92$7,780,981$168,751$0$6,952,868
93$8,500,075$102,454$0$7,590,472
94$9,290,169$30,560$0$8,291,096
95$10,158,429$0$0$9,061,115
96$11,112,752$0$0$9,910,677
97$12,161,839$0$0$10,846,836
98$13,315,273$0$0$11,876,129
99$14,583,615$0$0$13,007,982
100$15,978,498$0$0$14,252,779