Can I retire at age 61 with 667,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$55,080$54,590$54,111$53,644$53,188$52,135
2 years$27,267$26,760$26,267$25,790$25,327$24,271
3 years$17,998$17,488$16,997$16,524$16,069$15,042
4 years$13,364$12,855$12,369$11,905$11,460$10,471
5 years$10,584$10,079$9,599$9,144$8,712$7,763
6 years$8,732$8,230$7,757$7,312$6,893$5,986
7 years$7,409$6,912$6,447$6,012$5,606$4,740
8 years$6,417$5,924$5,467$5,043$4,651$3,826
9 years$5,647$5,158$4,709$4,296$3,917$3,133
10 years$5,030$4,547$4,105$3,703$3,337$2,593
11 years$4,526$4,048$3,614$3,223$2,870$2,165
12 years$4,107$3,633$3,208$2,827$2,487$1,820
13 years$3,752$3,283$2,866$2,496$2,169$1,539
14 years$3,448$2,984$2,575$2,215$1,901$1,307
15 years$3,185$2,726$2,325$1,976$1,674$1,114
16 years$2,955$2,501$2,108$1,769$1,479$953
17 years$2,752$2,304$1,918$1,589$1,312$817
18 years$2,572$2,129$1,751$1,432$1,166$702
19 years$2,412$1,973$1,603$1,294$1,040$604
20 years$2,267$1,833$1,471$1,172$929$521
21 years$2,136$1,708$1,353$1,064$831$450
22 years$2,018$1,594$1,247$967$745$389
23 years$1,910$1,491$1,151$881$669$337
24 years$1,811$1,397$1,065$803$601$292
25 years$1,720$1,311$986$734$541$253
26 years$1,636$1,232$915$671$487$219
27 years$1,558$1,159$849$614$439$190
28 years$1,487$1,093$790$563$396$165
29 years$1,420$1,031$735$516$358$144
30 years$1,358$973$684$474$323$125
31 years$1,300$920$638$435$292$108
32 years$1,245$871$595$400$264$94
33 years$1,194$824$556$368$239$82
34 years$1,147$781$519$338$217$71
35 years$1,102$741$486$311$196$62
36 years$1,059$703$454$287$178$54
37 years$1,019$668$425$264$161$47
38 years$982$635$398$243$146$41
39 years$946$604$373$225$132$36
40 years$912$574$350$207$120$31
41 years$880$547$328$191$109$27
42 years$849$521$308$176$99$24
43 years$820$496$289$163$90$20
44 years$792$473$271$150$81$18
45 years$766$451$254$139$74$16
46 years$741$430$239$128$67$14
47 years$717$411$224$118$61$12
48 years$694$392$211$109$55$10
49 years$672$374$198$101$50$9
50 years$651$358$186$93$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $667,000, adding $5,896 every year, while hoping to spend $40,552 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: 59/18/23 Blend
60$667,000$667,000$667,000$667,000
61$741,116$705,765$695,426$779,961
62$773,563$697,200$675,576$798,498
63$807,960$686,857$653,702$813,814
64$844,464$674,605$629,693$829,635
65$883,245$660,306$603,433$846,018
66$924,490$643,815$574,802$863,030
67$968,403$624,978$543,674$880,743
68$1,015,209$603,630$509,915$899,242
69$1,065,151$579,599$473,389$918,619
70$1,118,499$552,702$433,950$938,981
71$1,175,547$522,745$391,448$960,446
72$1,236,617$489,524$345,725$983,149
73$1,302,062$452,821$296,618$1,007,239
74$1,372,272$412,408$243,953$1,032,885
75$1,447,671$368,044$187,553$1,060,276
76$1,528,726$319,471$127,229$1,089,621
77$1,615,951$266,420$62,786$1,121,159
78$1,709,908$208,605$0$1,155,152
79$1,811,217$145,725$0$1,193,364
80$1,920,557$77,461$0$1,251,194
81$2,038,674$3,477$0$1,313,639
82$2,166,389$0$0$1,381,166
83$2,304,604$0$0$1,469,457
84$2,454,310$0$0$1,565,881
85$2,616,597$0$0$1,670,456
86$2,792,663$0$0$1,783,961
87$2,983,827$0$0$1,907,251
88$3,191,539$0$0$2,041,269
89$3,417,393$0$0$2,187,050
90$3,663,144$0$0$2,345,734
91$3,930,723$0$0$2,518,575
92$4,222,255$0$0$2,706,954
93$4,540,076$0$0$2,912,390
94$4,886,760$0$0$3,136,553
95$5,265,139$0$0$3,381,285
96$5,678,331$0$0$3,648,611
97$6,129,767$0$0$3,940,761
98$6,623,225$0$0$4,260,190
99$7,162,865$0$0$4,609,601
100$7,753,266$0$0$4,991,970