Can I retire at age 61 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$55,163$54,671$54,192$53,724$53,267$52,320
2 years$27,308$26,800$26,307$25,829$25,365$24,414
3 years$18,025$17,514$17,022$16,549$16,093$15,168
4 years$13,384$12,875$12,388$11,923$11,478$10,585
5 years$10,600$10,094$9,613$9,158$8,725$7,868
6 years$8,745$8,242$7,769$7,323$6,904$6,083
7 years$7,420$6,922$6,456$6,021$5,615$4,831
8 years$6,427$5,933$5,475$5,051$4,658$3,911
9 years$5,655$5,166$4,716$4,302$3,923$3,211
10 years$5,038$4,554$4,111$3,709$3,342$2,666
11 years$4,533$4,054$3,620$3,228$2,874$2,233
12 years$4,113$3,639$3,212$2,831$2,491$1,884
13 years$3,758$3,288$2,870$2,499$2,172$1,598
14 years$3,453$2,989$2,579$2,219$1,904$1,361
15 years$3,190$2,730$2,328$1,979$1,677$1,164
16 years$2,959$2,505$2,111$1,772$1,482$999
17 years$2,756$2,307$1,921$1,592$1,314$860
18 years$2,576$2,132$1,753$1,435$1,168$742
19 years$2,415$1,976$1,605$1,296$1,041$641
20 years$2,270$1,836$1,473$1,174$930$555
21 years$2,139$1,710$1,355$1,065$832$481
22 years$2,021$1,596$1,249$969$746$417
23 years$1,912$1,493$1,153$882$670$363
24 years$1,813$1,399$1,066$805$602$315
25 years$1,722$1,313$988$735$542$274
26 years$1,638$1,234$916$672$488$239
27 years$1,561$1,161$851$615$440$208
28 years$1,489$1,094$791$564$397$182
29 years$1,422$1,032$736$517$358$158
30 years$1,360$975$685$474$324$138
31 years$1,302$922$639$436$293$121
32 years$1,247$872$596$400$265$105
33 years$1,196$826$557$368$240$92
34 years$1,148$783$520$339$217$80
35 years$1,103$742$486$312$197$70
36 years$1,061$705$455$287$178$61
37 years$1,021$669$426$265$161$54
38 years$983$636$399$244$146$47
39 years$947$605$374$225$133$41
40 years$913$575$350$207$120$36
41 years$881$548$328$191$109$31
42 years$850$522$308$177$99$27
43 years$821$497$289$163$90$24
44 years$794$474$271$151$82$21
45 years$767$452$255$139$74$18
46 years$742$431$239$128$67$16
47 years$718$411$225$119$61$14
48 years$695$393$211$110$55$12
49 years$673$375$199$101$50$11
50 years$652$358$187$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $668,000, adding $6,889 every year, while hoping to spend $20,502 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: 37/34/29 Blend
60$668,000$668,000$668,000$668,000
61$743,242$707,838$697,484$764,098
62$797,239$720,708$699,036$793,024
63$856,056$733,522$699,952$821,895
64$920,164$746,254$700,191$852,692
65$990,079$758,880$699,706$885,605
66$1,066,372$771,370$698,451$920,839
67$1,149,669$783,694$696,376$958,626
68$1,240,660$795,819$693,429$999,220
69$1,340,104$807,711$689,556$1,042,901
70$1,448,838$819,332$684,700$1,089,980
71$1,567,782$830,642$678,799$1,140,800
72$1,697,950$841,598$671,793$1,195,740
73$1,840,458$852,153$663,616$1,255,220
74$1,996,535$862,259$654,197$1,319,703
75$2,167,536$871,864$643,466$1,389,700
76$2,354,950$880,910$631,348$1,465,776
77$2,560,419$889,339$617,763$1,548,557
78$2,785,752$897,087$602,628$1,638,732
79$3,032,941$904,086$585,858$1,737,063
80$3,304,178$910,264$567,362$1,844,391
81$3,601,881$915,544$547,045$1,961,647
82$3,928,711$919,843$524,809$2,089,858
83$4,287,600$923,076$500,550$2,230,155
84$4,681,777$925,149$474,161$2,383,792
85$5,114,801$925,964$445,528$2,552,149
86$5,590,591$925,417$414,534$2,736,753
87$6,113,466$923,397$381,055$2,939,288
88$6,688,182$919,785$344,963$3,161,613
89$7,319,979$914,458$306,122$3,405,779
90$8,014,633$907,282$264,393$3,674,053
91$8,778,503$898,117$219,628$3,968,933
92$9,618,599$886,813$171,674$4,293,178
93$10,542,643$873,214$120,372$4,649,833
94$11,559,142$857,151$65,554$5,042,257
95$12,677,471$838,447$7,046$5,474,156
96$13,907,956$816,914$0$5,949,621
97$15,261,979$792,354$0$6,490,303
98$16,752,077$764,556$0$7,087,482
99$18,392,067$733,298$0$7,744,528
100$20,197,171$698,342$0$8,467,564