Can I retire at age 61 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$55,080$54,590$54,111$53,644$53,188$52,830
2 years$27,267$26,760$26,267$25,790$25,327$24,967
3 years$17,998$17,488$16,997$16,524$16,069$15,716
4 years$13,364$12,855$12,369$11,905$11,460$11,119
5 years$10,584$10,079$9,599$9,144$8,712$8,382
6 years$8,732$8,230$7,757$7,312$6,893$6,576
7 years$7,409$6,912$6,447$6,012$5,606$5,301
8 years$6,417$5,924$5,467$5,043$4,651$4,358
9 years$5,647$5,158$4,709$4,296$3,917$3,637
10 years$5,030$4,547$4,105$3,703$3,337$3,069
11 years$4,526$4,048$3,614$3,223$2,870$2,614
12 years$4,107$3,633$3,208$2,827$2,487$2,243
13 years$3,752$3,283$2,866$2,496$2,169$1,936
14 years$3,448$2,984$2,575$2,215$1,901$1,680
15 years$3,185$2,726$2,325$1,976$1,674$1,463
16 years$2,955$2,501$2,108$1,769$1,479$1,280
17 years$2,752$2,304$1,918$1,589$1,312$1,122
18 years$2,572$2,129$1,751$1,432$1,166$987
19 years$2,412$1,973$1,603$1,294$1,040$870
20 years$2,267$1,833$1,471$1,172$929$768
21 years$2,136$1,708$1,353$1,064$831$679
22 years$2,018$1,594$1,247$967$745$602
23 years$1,910$1,491$1,151$881$669$534
24 years$1,811$1,397$1,065$803$601$474
25 years$1,720$1,311$986$734$541$421
26 years$1,636$1,232$915$671$487$375
27 years$1,558$1,159$849$614$439$334
28 years$1,487$1,093$790$563$396$297
29 years$1,420$1,031$735$516$358$265
30 years$1,358$973$684$474$323$237
31 years$1,300$920$638$435$292$211
32 years$1,245$871$595$400$264$188
33 years$1,194$824$556$368$239$168
34 years$1,147$781$519$338$217$150
35 years$1,102$741$486$311$196$134
36 years$1,059$703$454$287$178$120
37 years$1,019$668$425$264$161$107
38 years$982$635$398$243$146$96
39 years$946$604$373$225$132$86
40 years$912$574$350$207$120$77
41 years$880$547$328$191$109$69
42 years$849$521$308$176$99$62
43 years$820$496$289$163$90$55
44 years$792$473$271$150$81$49
45 years$766$451$254$139$74$44
46 years$741$430$239$128$67$40
47 years$717$411$224$118$61$35
48 years$694$392$211$109$55$32
49 years$672$374$198$101$50$28
50 years$651$358$186$93$46$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $667,000, adding $3,583 every year, while hoping to spend $56,924 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: 51/39/10 Blend
60$667,000$667,000$667,000$667,000
61$738,730$703,379$693,040$774,291
62$753,514$677,278$655,691$772,847
63$767,897$647,990$615,182$764,905
64$781,781$615,299$571,348$754,950
65$795,050$578,976$524,015$742,807
66$807,578$538,780$473,004$728,287
67$819,225$494,454$418,123$711,188
68$829,832$445,728$359,176$691,288
69$839,223$392,316$295,957$668,353
70$847,201$333,917$228,249$642,124
71$853,548$270,212$155,827$612,326
72$858,020$200,862$78,458$578,659
73$860,347$125,513$0$540,802
74$860,228$43,788$0$498,842
75$857,328$0$0$460,928
76$851,277$0$0$437,484
77$841,664$0$0$430,792
78$828,032$0$0$421,800
79$809,877$0$0$410,224
80$786,637$0$0$395,747
81$757,692$0$0$378,019
82$722,356$0$0$356,653
83$679,868$0$0$331,220
84$629,387$0$0$301,246
85$569,982$0$0$266,206
86$500,625$0$0$225,521
87$420,177$0$0$178,548
88$327,380$0$0$124,580
89$220,846$0$0$62,834
90$99,037$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$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