Can I retire at age 61 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$54,832$54,344$53,868$53,402$52,948$51,501
2 years$27,145$26,639$26,149$25,674$25,213$23,766
3 years$17,917$17,409$16,920$16,450$15,996$14,594
4 years$13,304$12,797$12,314$11,851$11,409$10,062
5 years$10,537$10,033$9,556$9,103$8,673$7,386
6 years$8,692$8,193$7,723$7,280$6,862$5,636
7 years$7,376$6,880$6,418$5,985$5,581$4,416
8 years$6,389$5,898$5,443$5,021$4,630$3,525
9 years$5,621$5,135$4,688$4,276$3,899$2,853
10 years$5,008$4,526$4,087$3,686$3,322$2,334
11 years$4,506$4,030$3,598$3,208$2,857$1,925
12 years$4,088$3,617$3,193$2,814$2,476$1,599
13 years$3,735$3,268$2,853$2,484$2,159$1,334
14 years$3,433$2,971$2,563$2,205$1,893$1,119
15 years$3,171$2,714$2,314$1,967$1,666$941
16 years$2,942$2,490$2,098$1,761$1,473$794
17 years$2,740$2,293$1,909$1,582$1,306$671
18 years$2,561$2,119$1,743$1,426$1,161$569
19 years$2,401$1,964$1,596$1,288$1,035$483
20 years$2,257$1,825$1,464$1,167$924$411
21 years$2,127$1,700$1,347$1,059$827$349
22 years$2,009$1,587$1,241$963$742$298
23 years$1,901$1,484$1,146$877$666$254
24 years$1,802$1,390$1,060$800$598$217
25 years$1,712$1,305$982$730$538$185
26 years$1,628$1,226$911$668$485$158
27 years$1,551$1,154$846$611$437$135
28 years$1,480$1,088$786$560$395$115
29 years$1,413$1,026$732$514$356$99
30 years$1,352$969$681$471$322$84
31 years$1,294$916$635$433$291$72
32 years$1,240$867$593$398$263$62
33 years$1,189$821$553$366$238$53
34 years$1,142$778$517$337$216$45
35 years$1,097$738$483$310$195$39
36 years$1,055$700$452$285$177$33
37 years$1,015$665$423$263$160$28
38 years$977$632$396$242$145$24
39 years$942$601$371$223$132$21
40 years$908$572$348$206$120$18
41 years$876$544$326$190$109$15
42 years$845$518$306$176$98$13
43 years$816$494$287$162$89$11
44 years$789$471$270$150$81$10
45 years$763$449$253$138$74$8
46 years$738$428$238$128$67$7
47 years$714$409$223$118$61$6
48 years$691$390$210$109$55$5
49 years$669$373$197$101$50$4
50 years$648$356$186$93$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $664,000, adding $5,814 every year, while hoping to spend $29,266 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: 39/31/30 Blend
60$664,000$664,000$664,000$664,000
61$737,725$702,533$692,241$759,756
62$781,834$705,818$684,292$779,731
63$829,462$708,284$675,097$798,215
64$880,935$709,858$664,581$817,655
65$936,616$710,466$652,669$838,157
66$996,899$710,028$639,282$859,843
67$1,062,221$708,457$624,336$882,844
68$1,133,060$705,664$607,744$907,311
69$1,209,943$701,553$589,414$933,411
70$1,293,449$696,021$569,252$961,329
71$1,384,217$688,961$547,157$991,275
72$1,482,945$680,259$523,026$1,023,479
73$1,590,407$669,793$496,748$1,058,200
74$1,707,450$657,434$468,211$1,095,725
75$1,835,008$643,047$437,294$1,136,375
76$1,974,109$626,486$403,874$1,180,506
77$2,125,884$607,600$367,820$1,228,514
78$2,291,579$586,227$328,996$1,280,840
79$2,472,563$562,195$287,260$1,337,974
80$2,670,346$535,324$242,465$1,400,458
81$2,886,588$505,422$194,455$1,468,896
82$3,123,119$472,287$143,068$1,543,960
83$3,381,952$435,704$88,136$1,626,392
84$3,665,305$395,447$29,482$1,717,017
85$3,975,619$351,277$0$1,816,750
86$4,315,584$302,941$0$1,937,204
87$4,688,160$250,172$0$2,079,663
88$5,096,609$192,687$0$2,235,991
89$5,544,523$130,189$0$2,407,634
90$6,035,858$62,362$0$2,596,188
91$6,574,972$0$0$2,803,418
92$7,166,664$0$0$3,035,067
93$7,816,222$0$0$3,312,816
94$8,529,469$0$0$3,617,893
95$9,312,822$0$0$3,953,053
96$10,173,346$0$0$4,321,333
97$11,118,829$0$0$4,726,077
98$12,157,846$0$0$5,170,970
99$13,299,848$0$0$5,660,071
100$14,555,244$0$0$6,197,853