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%16.6%
1 years$54,832$54,344$53,868$53,402$52,948$51,522
2 years$27,145$26,639$26,149$25,674$25,213$23,787
3 years$17,917$17,409$16,920$16,450$15,996$14,614
4 years$13,304$12,797$12,314$11,851$11,409$10,081
5 years$10,537$10,033$9,556$9,103$8,673$7,403
6 years$8,692$8,193$7,723$7,280$6,862$5,653
7 years$7,376$6,880$6,418$5,985$5,581$4,431
8 years$6,389$5,898$5,443$5,021$4,630$3,539
9 years$5,621$5,135$4,688$4,276$3,899$2,866
10 years$5,008$4,526$4,087$3,686$3,322$2,346
11 years$4,506$4,030$3,598$3,208$2,857$1,937
12 years$4,088$3,617$3,193$2,814$2,476$1,609
13 years$3,735$3,268$2,853$2,484$2,159$1,344
14 years$3,433$2,971$2,563$2,205$1,893$1,127
15 years$3,171$2,714$2,314$1,967$1,666$949
16 years$2,942$2,490$2,098$1,761$1,473$801
17 years$2,740$2,293$1,909$1,582$1,306$678
18 years$2,561$2,119$1,743$1,426$1,161$575
19 years$2,401$1,964$1,596$1,288$1,035$489
20 years$2,257$1,825$1,464$1,167$924$416
21 years$2,127$1,700$1,347$1,059$827$354
22 years$2,009$1,587$1,241$963$742$302
23 years$1,901$1,484$1,146$877$666$258
24 years$1,802$1,390$1,060$800$598$220
25 years$1,712$1,305$982$730$538$188
26 years$1,628$1,226$911$668$485$161
27 years$1,551$1,154$846$611$437$137
28 years$1,480$1,088$786$560$395$118
29 years$1,413$1,026$732$514$356$101
30 years$1,352$969$681$471$322$86
31 years$1,294$916$635$433$291$74
32 years$1,240$867$593$398$263$63
33 years$1,189$821$553$366$238$54
34 years$1,142$778$517$337$216$46
35 years$1,097$738$483$310$195$40
36 years$1,055$700$452$285$177$34
37 years$1,015$665$423$263$160$29
38 years$977$632$396$242$145$25
39 years$942$601$371$223$132$21
40 years$908$572$348$206$120$18
41 years$876$544$326$190$109$16
42 years$845$518$306$176$98$14
43 years$816$494$287$162$89$12
44 years$789$471$270$150$81$10
45 years$763$449$253$138$74$9
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$5
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 $6,655 every year, while hoping to spend $22,464 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: 51/27/22 Blend
60$664,000$664,000$664,000$664,000
61$738,593$703,401$693,109$771,422
62$790,028$713,966$692,426$805,400
63$845,956$724,296$690,968$839,482
64$906,812$734,355$688,685$876,071
65$973,075$744,106$685,523$915,413
66$1,045,270$753,509$681,430$957,781
67$1,123,977$762,520$676,347$1,003,474
68$1,209,833$771,094$670,215$1,052,825
69$1,303,539$779,181$662,970$1,106,198
70$1,405,868$786,728$654,547$1,164,000
71$1,517,669$793,681$644,877$1,226,675
72$1,639,879$799,979$633,888$1,294,717
73$1,773,527$805,558$621,504$1,368,669
74$1,919,749$810,352$607,647$1,449,132
75$2,079,793$814,289$592,232$1,536,770
76$2,255,034$817,292$575,175$1,632,313
77$2,446,988$819,280$556,383$1,736,570
78$2,657,323$820,166$535,764$1,850,432
79$2,887,874$819,859$513,217$1,974,883
80$3,140,667$818,261$488,639$2,111,009
81$3,417,928$815,270$461,922$2,260,009
82$3,722,113$810,774$432,953$2,423,206
83$4,055,925$804,659$401,613$2,602,058
84$4,422,342$796,799$367,779$2,798,178
85$4,824,643$787,065$331,322$3,013,341
86$5,266,443$775,317$292,108$3,249,510
87$5,751,722$761,409$249,995$3,508,847
88$6,284,864$745,185$204,836$3,793,739
89$6,870,700$726,479$156,478$4,106,820
90$7,514,552$705,117$104,761$4,450,995
91$8,222,283$680,915$49,517$4,829,468
92$9,000,352$653,675$0$5,245,776
93$9,855,875$623,192$0$5,706,032
94$10,796,692$589,246$0$6,224,870
95$11,831,441$551,606$0$6,795,445
96$12,969,639$510,026$0$7,423,034
97$14,221,772$464,247$0$8,113,457
98$15,599,394$413,996$0$8,873,131
99$17,115,233$358,983$0$9,709,126
100$18,783,316$298,903$0$10,629,238