Can I retire at age 61 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$54,915$54,426$53,949$53,483$53,028$52,474
2 years$27,186$26,679$26,189$25,713$25,251$24,694
3 years$17,944$17,435$16,946$16,475$16,021$15,476
4 years$13,324$12,817$12,332$11,869$11,426$10,899
5 years$10,552$10,049$9,570$9,117$8,686$8,178
6 years$8,705$8,205$7,734$7,291$6,873$6,385
7 years$7,387$6,891$6,427$5,994$5,589$5,122
8 years$6,398$5,907$5,451$5,028$4,637$4,189
9 years$5,630$5,143$4,695$4,283$3,905$3,477
10 years$5,015$4,533$4,093$3,692$3,327$2,919
11 years$4,513$4,036$3,603$3,213$2,862$2,472
12 years$4,094$3,622$3,198$2,818$2,480$2,109
13 years$3,741$3,273$2,857$2,488$2,162$1,810
14 years$3,438$2,975$2,567$2,209$1,896$1,561
15 years$3,175$2,718$2,318$1,970$1,669$1,352
16 years$2,946$2,494$2,101$1,764$1,475$1,175
17 years$2,744$2,297$1,912$1,585$1,308$1,024
18 years$2,565$2,122$1,746$1,428$1,163$895
19 years$2,404$1,967$1,598$1,290$1,037$783
20 years$2,260$1,828$1,467$1,169$926$687
21 years$2,130$1,702$1,349$1,061$829$604
22 years$2,012$1,589$1,243$964$743$531
23 years$1,904$1,486$1,148$878$667$468
24 years$1,805$1,393$1,062$801$599$413
25 years$1,714$1,307$983$732$539$364
26 years$1,631$1,228$912$669$486$322
27 years$1,554$1,156$847$612$438$285
28 years$1,482$1,089$787$561$395$252
29 years$1,416$1,028$733$514$357$223
30 years$1,354$970$682$472$322$197
31 years$1,296$917$636$434$291$175
32 years$1,242$868$594$398$264$155
33 years$1,191$822$554$366$239$137
34 years$1,143$779$518$337$216$122
35 years$1,098$739$484$310$196$108
36 years$1,056$701$453$286$177$96
37 years$1,016$666$424$263$161$85
38 years$979$633$397$243$146$76
39 years$943$602$372$224$132$67
40 years$909$573$349$206$120$60
41 years$877$545$327$190$109$53
42 years$847$519$307$176$99$47
43 years$818$495$288$162$90$42
44 years$790$472$270$150$81$37
45 years$764$450$254$138$74$33
46 years$739$429$238$128$67$29
47 years$715$409$224$118$61$26
48 years$692$391$210$109$55$23
49 years$670$373$198$101$50$20
50 years$649$357$186$93$46$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $665,000, adding $3,611 every year, while hoping to spend $42,243 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: 44/44/12 Blend
60$665,000$665,000$665,000$665,000
61$736,555$701,310$691,002$766,273
62$766,737$690,728$669,205$776,749
63$798,582$678,211$645,261$783,544
64$832,215$663,621$619,055$789,970
65$867,772$646,810$590,464$796,012
66$905,402$627,621$559,362$801,653
67$945,268$605,889$525,615$806,880
68$987,546$581,438$489,085$811,681
69$1,032,432$554,085$449,625$816,046
70$1,080,137$523,632$407,084$819,969
71$1,130,893$489,872$361,303$823,448
72$1,184,955$452,586$312,118$826,484
73$1,242,600$411,543$259,354$829,083
74$1,304,134$366,497$202,830$831,259
75$1,369,890$317,190$142,360$833,029
76$1,440,234$263,348$77,744$834,422
77$1,515,568$204,681$8,778$835,473
78$1,596,331$140,886$0$836,228
79$1,683,007$71,640$0$845,044
80$1,776,125$0$0$855,432
81$1,876,267$0$0$868,028
82$1,984,070$0$0$918,985
83$2,100,238$0$0$973,956
84$2,225,538$0$0$1,033,313
85$2,360,819$0$0$1,097,465
86$2,507,009$0$0$1,166,861
87$2,665,129$0$0$1,241,995
88$2,836,304$0$0$1,323,411
89$3,021,767$0$0$1,411,705
90$3,222,877$0$0$1,507,534
91$3,441,126$0$0$1,611,621
92$3,678,157$0$0$1,724,759
93$3,935,774$0$0$1,847,823
94$4,215,966$0$0$1,981,775
95$4,520,917$0$0$2,127,672
96$4,853,033$0$0$2,286,680
97$5,214,962$0$0$2,460,078
98$5,609,615$0$0$2,649,278
99$6,040,198$0$0$2,855,832
100$6,510,241$0$0$3,081,448