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%14.5%
1 years$54,915$54,426$53,949$53,483$53,028$52,043
2 years$27,186$26,679$26,189$25,713$25,251$24,262
3 years$17,944$17,435$16,946$16,475$16,021$15,058
4 years$13,324$12,817$12,332$11,869$11,426$10,498
5 years$10,552$10,049$9,570$9,117$8,686$7,796
6 years$8,705$8,205$7,734$7,291$6,873$6,021
7 years$7,387$6,891$6,427$5,994$5,589$4,776
8 years$6,398$5,907$5,451$5,028$4,637$3,861
9 years$5,630$5,143$4,695$4,283$3,905$3,167
10 years$5,015$4,533$4,093$3,692$3,327$2,627
11 years$4,513$4,036$3,603$3,213$2,862$2,197
12 years$4,094$3,622$3,198$2,818$2,480$1,851
13 years$3,741$3,273$2,857$2,488$2,162$1,568
14 years$3,438$2,975$2,567$2,209$1,896$1,334
15 years$3,175$2,718$2,318$1,970$1,669$1,140
16 years$2,946$2,494$2,101$1,764$1,475$977
17 years$2,744$2,297$1,912$1,585$1,308$839
18 years$2,565$2,122$1,746$1,428$1,163$723
19 years$2,404$1,967$1,598$1,290$1,037$624
20 years$2,260$1,828$1,467$1,169$926$539
21 years$2,130$1,702$1,349$1,061$829$467
22 years$2,012$1,589$1,243$964$743$404
23 years$1,904$1,486$1,148$878$667$351
24 years$1,805$1,393$1,062$801$599$304
25 years$1,714$1,307$983$732$539$265
26 years$1,631$1,228$912$669$486$230
27 years$1,554$1,156$847$612$438$200
28 years$1,482$1,089$787$561$395$174
29 years$1,416$1,028$733$514$357$152
30 years$1,354$970$682$472$322$132
31 years$1,296$917$636$434$291$115
32 years$1,242$868$594$398$264$100
33 years$1,191$822$554$366$239$88
34 years$1,143$779$518$337$216$76
35 years$1,098$739$484$310$196$67
36 years$1,056$701$453$286$177$58
37 years$1,016$666$424$263$161$51
38 years$979$633$397$243$146$44
39 years$943$602$372$224$132$39
40 years$909$573$349$206$120$34
41 years$877$545$327$190$109$29
42 years$847$519$307$176$99$26
43 years$818$495$288$162$90$22
44 years$790$472$270$150$81$20
45 years$764$450$254$138$74$17
46 years$739$429$238$128$67$15
47 years$715$409$224$118$61$13
48 years$692$391$210$109$55$11
49 years$670$373$198$101$50$10
50 years$649$357$186$93$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $665,000, adding $2,610 every year, while hoping to spend $39,960 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: 88/5/7 Blend
60$665,000$665,000$665,000$665,000
61$735,522$700,277$689,970$799,671
62$768,028$692,074$670,567$833,635
63$802,511$682,129$649,174$865,132
64$839,129$670,315$625,684$898,454
65$878,057$656,498$599,981$933,756
66$919,486$640,533$571,948$971,206
67$963,625$622,271$541,459$1,010,990
68$1,010,702$601,549$508,385$1,053,311
69$1,060,967$578,199$472,590$1,098,395
70$1,114,696$552,040$433,931$1,146,487
71$1,172,188$522,884$392,262$1,197,859
72$1,233,774$490,528$347,425$1,252,810
73$1,299,816$454,761$299,261$1,311,667
74$1,370,710$415,357$247,599$1,374,791
75$1,446,892$372,079$192,263$1,442,580
76$1,528,841$324,676$133,069$1,515,471
77$1,617,080$272,883$69,825$1,593,946
78$1,712,188$216,420$2,329$1,678,534
79$1,814,796$154,990$0$1,769,820
80$1,925,602$88,280$0$1,873,652
81$2,045,369$15,962$0$1,986,057
82$2,174,938$0$0$2,107,656
83$2,315,233$0$0$2,242,754
84$2,467,269$0$0$2,390,115
85$2,632,163$0$0$2,549,943
86$2,811,144$0$0$2,723,428
87$3,005,560$0$0$2,911,881
88$3,216,900$0$0$3,116,741
89$3,446,796$0$0$3,339,594
90$3,697,048$0$0$3,582,185
91$3,969,633$0$0$3,846,431
92$4,266,730$0$0$4,134,444
93$4,590,735$0$0$4,448,549
94$4,944,286$0$0$4,791,302
95$5,330,286$0$0$5,165,520
96$5,751,930$0$0$5,574,301
97$6,212,739$0$0$6,021,059
98$6,716,584$0$0$6,509,547
99$7,267,730$0$0$7,043,904
100$7,870,875$0$0$7,628,682