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%13.8%
1 years$54,915$54,426$53,949$53,483$53,028$52,193
2 years$27,186$26,679$26,189$25,713$25,251$24,412
3 years$17,944$17,435$16,946$16,475$16,021$15,203
4 years$13,324$12,817$12,332$11,869$11,426$10,637
5 years$10,552$10,049$9,570$9,117$8,686$7,927
6 years$8,705$8,205$7,734$7,291$6,873$6,146
7 years$7,387$6,891$6,427$5,994$5,589$4,894
8 years$6,398$5,907$5,451$5,028$4,637$3,973
9 years$5,630$5,143$4,695$4,283$3,905$3,272
10 years$5,015$4,533$4,093$3,692$3,327$2,725
11 years$4,513$4,036$3,603$3,213$2,862$2,290
12 years$4,094$3,622$3,198$2,818$2,480$1,938
13 years$3,741$3,273$2,857$2,488$2,162$1,649
14 years$3,438$2,975$2,567$2,209$1,896$1,410
15 years$3,175$2,718$2,318$1,970$1,669$1,210
16 years$2,946$2,494$2,101$1,764$1,475$1,042
17 years$2,744$2,297$1,912$1,585$1,308$900
18 years$2,565$2,122$1,746$1,428$1,163$779
19 years$2,404$1,967$1,598$1,290$1,037$676
20 years$2,260$1,828$1,467$1,169$926$587
21 years$2,130$1,702$1,349$1,061$829$511
22 years$2,012$1,589$1,243$964$743$445
23 years$1,904$1,486$1,148$878$667$388
24 years$1,805$1,393$1,062$801$599$339
25 years$1,714$1,307$983$732$539$296
26 years$1,631$1,228$912$669$486$259
27 years$1,554$1,156$847$612$438$227
28 years$1,482$1,089$787$561$395$198
29 years$1,416$1,028$733$514$357$174
30 years$1,354$970$682$472$322$152
31 years$1,296$917$636$434$291$133
32 years$1,242$868$594$398$264$117
33 years$1,191$822$554$366$239$103
34 years$1,143$779$518$337$216$90
35 years$1,098$739$484$310$196$79
36 years$1,056$701$453$286$177$69
37 years$1,016$666$424$263$161$61
38 years$979$633$397$243$146$53
39 years$943$602$372$224$132$47
40 years$909$573$349$206$120$41
41 years$877$545$327$190$109$36
42 years$847$519$307$176$99$32
43 years$818$495$288$162$90$28
44 years$790$472$270$150$81$24
45 years$764$450$254$138$74$21
46 years$739$429$238$128$67$19
47 years$715$409$224$118$61$17
48 years$692$391$210$109$55$15
49 years$670$373$198$101$50$13
50 years$649$357$186$93$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $665,000, adding $2,779 every year, while hoping to spend $24,897 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: 59/14/27 Blend
60$665,000$665,000$665,000$665,000
61$735,697$700,452$690,144$773,567
62$784,247$708,283$686,774$807,577
63$836,916$715,665$682,456$841,763
64$894,096$722,547$677,133$878,532
65$956,221$728,878$670,744$918,138
66$1,023,766$734,604$663,224$960,867
67$1,097,256$739,666$654,509$1,007,033
68$1,177,269$744,002$644,527$1,056,980
69$1,264,437$747,545$633,205$1,111,093
70$1,359,459$750,225$620,468$1,169,793
71$1,463,105$751,966$606,234$1,233,546
72$1,576,219$752,690$590,420$1,302,868
73$1,699,733$752,311$572,939$1,378,327
74$1,834,672$750,741$553,698$1,460,552
75$1,982,163$747,882$532,602$1,550,233
76$2,143,451$743,635$509,551$1,648,138
77$2,319,901$737,891$484,439$1,755,110
78$2,513,020$730,538$457,158$1,872,080
79$2,724,467$721,453$427,591$2,000,079
80$2,956,068$710,509$395,621$2,140,240
81$3,209,834$697,571$361,121$2,293,818
82$3,487,980$682,495$323,962$2,462,194
83$3,792,945$665,129$284,005$2,646,894
84$4,127,416$645,310$241,110$2,849,602
85$4,494,352$622,870$195,127$3,072,175
86$4,897,013$597,628$145,901$3,316,663
87$5,338,989$569,392$93,269$3,585,327
88$5,824,234$537,961$37,062$3,880,662
89$6,357,106$503,120$0$4,205,418
90$6,942,402$464,645$0$4,569,236
91$7,585,410$422,296$0$4,980,684
92$8,291,954$375,820$0$5,432,823
93$9,068,450$324,952$0$5,929,785
94$9,921,966$269,408$0$6,476,124
95$10,860,289$208,892$0$7,076,859
96$11,891,999$143,088$0$7,737,520
97$13,026,548$71,664$0$8,464,206
98$14,274,350$0$0$9,263,635
99$15,646,880$0$0$10,144,094
100$17,156,779$0$0$11,124,881