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%13.1%
1 years$54,998$54,508$54,030$53,563$53,108$52,422
2 years$27,227$26,719$26,228$25,752$25,289$24,600
3 years$17,971$17,461$16,971$16,499$16,045$15,372
4 years$13,344$12,836$12,351$11,887$11,443$10,793
5 years$10,568$10,064$9,585$9,130$8,699$8,074
6 years$8,719$8,218$7,746$7,302$6,883$6,283
7 years$7,398$6,901$6,437$6,003$5,598$5,023
8 years$6,408$5,916$5,459$5,036$4,644$4,094
9 years$5,638$5,151$4,702$4,289$3,911$3,386
10 years$5,023$4,540$4,099$3,697$3,332$2,832
11 years$4,520$4,042$3,609$3,218$2,866$2,390
12 years$4,101$3,628$3,203$2,823$2,483$2,031
13 years$3,746$3,278$2,861$2,492$2,166$1,737
14 years$3,443$2,980$2,571$2,212$1,898$1,492
15 years$3,180$2,722$2,321$1,973$1,672$1,287
16 years$2,951$2,498$2,105$1,766$1,477$1,113
17 years$2,748$2,300$1,915$1,587$1,310$966
18 years$2,569$2,125$1,748$1,430$1,165$841
19 years$2,408$1,970$1,600$1,292$1,038$733
20 years$2,264$1,830$1,469$1,170$927$640
21 years$2,133$1,705$1,351$1,062$830$560
22 years$2,015$1,592$1,245$966$744$490
23 years$1,907$1,489$1,150$880$668$430
24 years$1,808$1,395$1,063$802$600$378
25 years$1,717$1,309$985$733$540$332
26 years$1,633$1,230$913$670$486$292
27 years$1,556$1,158$848$613$439$257
28 years$1,484$1,091$788$562$396$226
29 years$1,418$1,029$734$515$357$199
30 years$1,356$972$683$473$323$175
31 years$1,298$919$637$434$292$155
32 years$1,244$869$594$399$264$136
33 years$1,193$823$555$367$239$120
34 years$1,145$780$519$338$216$106
35 years$1,100$740$485$311$196$94
36 years$1,058$702$454$286$178$83
37 years$1,018$667$425$264$161$73
38 years$980$634$398$243$146$64
39 years$944$603$372$224$132$57
40 years$911$574$349$207$120$50
41 years$878$546$327$191$109$44
42 years$848$520$307$176$99$39
43 years$819$495$288$163$90$35
44 years$791$472$270$150$81$31
45 years$765$450$254$139$74$27
46 years$740$430$239$128$67$24
47 years$716$410$224$118$61$21
48 years$693$391$211$109$55$19
49 years$671$374$198$101$50$17
50 years$650$357$186$93$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $666,000, adding $4,902 every year, while hoping to spend $55,200 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: 32/39/29 Blend
60$666,000$666,000$666,000$666,000
61$738,988$703,690$693,367$755,985
62$755,633$679,439$657,863$745,213
63$772,125$652,149$619,319$728,426
64$788,391$621,613$577,575$709,275
65$804,348$587,613$532,465$687,593
66$819,901$549,917$483,813$663,199
67$834,947$508,278$431,436$635,901
68$849,367$462,439$375,145$605,494
69$863,030$412,126$314,739$571,761
70$875,787$357,049$250,011$534,468
71$887,475$296,901$180,744$493,368
72$897,908$231,361$106,710$448,196
73$906,884$160,086$27,674$398,668
74$914,173$82,717$0$344,484
75$919,520$0$0$302,857
76$922,645$0$0$266,668
77$923,232$0$0$265,026
78$920,934$0$0$262,308
79$915,362$0$0$258,376
80$906,087$0$0$253,076
81$892,633$0$0$246,239
82$874,472$0$0$237,675
83$851,018$0$0$227,178
84$821,623$0$0$214,515
85$785,570$0$0$199,431
86$742,063$0$0$181,645
87$690,225$0$0$160,844
88$629,082$0$0$136,682
89$557,559$0$0$108,777
90$474,466$0$0$76,709
91$378,488$0$0$40,009
92$268,174$0$0$0
93$141,916$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0