Can I retire at age 61 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$54,998$54,508$54,030$53,563$53,108$51,183
2 years$27,227$26,719$26,228$25,752$25,289$23,371
3 years$17,971$17,461$16,971$16,499$16,045$14,193
4 years$13,344$12,836$12,351$11,887$11,443$9,673
5 years$10,568$10,064$9,585$9,130$8,699$7,015
6 years$8,719$8,218$7,746$7,302$6,883$5,286
7 years$7,398$6,901$6,437$6,003$5,598$4,087
8 years$6,408$5,916$5,459$5,036$4,644$3,219
9 years$5,638$5,151$4,702$4,289$3,911$2,569
10 years$5,023$4,540$4,099$3,697$3,332$2,071
11 years$4,520$4,042$3,609$3,218$2,866$1,683
12 years$4,101$3,628$3,203$2,823$2,483$1,377
13 years$3,746$3,278$2,861$2,492$2,166$1,131
14 years$3,443$2,980$2,571$2,212$1,898$933
15 years$3,180$2,722$2,321$1,973$1,672$772
16 years$2,951$2,498$2,105$1,766$1,477$641
17 years$2,748$2,300$1,915$1,587$1,310$533
18 years$2,569$2,125$1,748$1,430$1,165$444
19 years$2,408$1,970$1,600$1,292$1,038$370
20 years$2,264$1,830$1,469$1,170$927$309
21 years$2,133$1,705$1,351$1,062$830$259
22 years$2,015$1,592$1,245$966$744$216
23 years$1,907$1,489$1,150$880$668$181
24 years$1,808$1,395$1,063$802$600$152
25 years$1,717$1,309$985$733$540$127
26 years$1,633$1,230$913$670$486$107
27 years$1,556$1,158$848$613$439$90
28 years$1,484$1,091$788$562$396$75
29 years$1,418$1,029$734$515$357$63
30 years$1,356$972$683$473$323$53
31 years$1,298$919$637$434$292$44
32 years$1,244$869$594$399$264$37
33 years$1,193$823$555$367$239$31
34 years$1,145$780$519$338$216$26
35 years$1,100$740$485$311$196$22
36 years$1,058$702$454$286$178$19
37 years$1,018$667$425$264$161$16
38 years$980$634$398$243$146$13
39 years$944$603$372$224$132$11
40 years$911$574$349$207$120$9
41 years$878$546$327$191$109$8
42 years$848$520$307$176$99$7
43 years$819$495$288$163$90$5
44 years$791$472$270$150$81$5
45 years$765$450$254$139$74$4
46 years$740$430$239$128$67$3
47 years$716$410$224$118$61$3
48 years$693$391$211$109$55$2
49 years$671$374$198$101$50$2
50 years$650$357$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $666,000, adding $6,062 every year, while hoping to spend $26,065 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: 44/45/11 Blend
60$666,000$666,000$666,000$666,000
61$740,185$704,887$694,564$770,163
62$787,951$711,693$690,099$798,429
63$839,715$717,960$684,611$825,924
64$895,859$723,632$678,037$855,141
65$956,799$728,653$670,315$886,247
66$1,022,997$732,961$661,374$919,430
67$1,094,957$736,491$651,145$954,896
68$1,173,238$739,174$639,554$992,874
69$1,258,451$740,937$626,521$1,033,616
70$1,351,270$741,700$611,967$1,077,405
71$1,452,438$741,381$595,806$1,124,550
72$1,562,769$739,892$577,948$1,175,396
73$1,683,163$737,138$558,301$1,230,323
74$1,814,609$733,021$536,767$1,289,754
75$1,958,194$727,434$513,244$1,354,154
76$2,115,118$720,266$487,626$1,424,039
77$2,286,700$711,399$459,801$1,499,982
78$2,474,391$700,706$429,653$1,582,613
79$2,679,793$688,054$397,059$1,672,631
80$2,904,665$673,302$361,894$1,770,811
81$3,150,948$656,300$324,025$1,878,005
82$3,420,776$636,891$283,311$1,995,160
83$3,716,503$614,906$239,610$2,123,321
84$4,040,718$590,168$192,769$2,263,642
85$4,396,275$562,490$142,630$2,417,401
86$4,786,316$531,673$89,029$2,586,009
87$5,214,302$497,507$31,793$2,771,026
88$5,684,046$459,770$0$2,974,175
89$6,199,747$418,227$0$3,200,798
90$6,766,032$372,630$0$3,453,767
91$7,387,995$322,718$0$3,731,694
92$8,071,252$268,212$0$4,037,169
93$8,821,985$208,820$0$4,373,054
94$9,647,009$144,233$0$4,742,504
95$10,553,828$74,125$0$5,149,007
96$11,550,712$0$0$5,596,407
97$12,646,770$0$0$6,089,867
98$13,852,039$0$0$6,672,946
99$15,177,578$0$0$7,314,299
100$16,635,570$0$0$8,019,832