Can I retire at age 61 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$55,576$55,081$54,598$54,126$53,666$52,178
2 years$27,513$27,000$26,504$26,022$25,555$24,067
3 years$18,160$17,645$17,150$16,673$16,213$14,772
4 years$13,484$12,971$12,481$12,012$11,563$10,180
5 years$10,679$10,169$9,685$9,226$8,790$7,468
6 years$8,810$8,304$7,827$7,378$6,956$5,696
7 years$7,476$6,974$6,504$6,066$5,657$4,460
8 years$6,475$5,978$5,516$5,089$4,693$3,558
9 years$5,697$5,205$4,751$4,334$3,952$2,878
10 years$5,076$4,588$4,142$3,736$3,367$2,353
11 years$4,567$4,084$3,647$3,252$2,896$1,940
12 years$4,144$3,666$3,236$2,852$2,510$1,610
13 years$3,786$3,313$2,891$2,518$2,188$1,343
14 years$3,479$3,011$2,598$2,235$1,918$1,125
15 years$3,214$2,751$2,346$1,993$1,689$945
16 years$2,982$2,524$2,127$1,785$1,493$797
17 years$2,777$2,324$1,935$1,604$1,324$674
18 years$2,596$2,148$1,767$1,445$1,177$570
19 years$2,433$1,991$1,617$1,306$1,049$484
20 years$2,287$1,850$1,484$1,183$937$411
21 years$2,155$1,723$1,365$1,073$838$350
22 years$2,036$1,608$1,258$976$752$298
23 years$1,927$1,504$1,162$889$675$254
24 years$1,827$1,409$1,074$811$606$216
25 years$1,735$1,323$995$740$546$184
26 years$1,651$1,243$923$677$492$157
27 years$1,572$1,170$857$620$443$134
28 years$1,500$1,102$797$568$400$115
29 years$1,433$1,040$741$521$361$98
30 years$1,370$982$691$478$326$84
31 years$1,311$928$644$439$295$72
32 years$1,257$878$601$403$267$61
33 years$1,205$832$561$371$241$52
34 years$1,157$788$524$341$219$45
35 years$1,112$748$490$314$198$38
36 years$1,069$710$458$289$179$33
37 years$1,029$674$429$267$163$28
38 years$990$641$402$246$147$24
39 years$954$609$376$227$134$21
40 years$920$580$353$209$121$18
41 years$888$552$331$193$110$15
42 years$857$525$310$178$100$13
43 years$828$501$291$164$91$11
44 years$800$477$273$152$82$9
45 years$773$455$257$140$75$8
46 years$748$434$241$129$68$7
47 years$723$414$226$120$62$6
48 years$700$396$213$110$56$5
49 years$678$378$200$102$51$4
50 years$657$361$188$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $673,000, adding $4,094 every year, while hoping to spend $28,683 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: 57/27/16 Blend
60$673,000$673,000$673,000$673,000
61$745,869$710,200$699,768$785,050
62$791,429$714,481$692,692$816,376
63$840,675$718,011$684,418$847,015
64$893,952$720,722$674,874$879,746
65$951,641$722,543$663,988$914,777
66$1,014,159$723,398$651,682$952,335
67$1,081,966$723,207$637,876$992,674
68$1,155,566$721,884$622,485$1,036,071
69$1,235,516$719,338$605,420$1,082,837
70$1,322,426$715,473$586,589$1,133,311
71$1,416,969$710,187$565,895$1,187,873
72$1,519,884$703,371$543,237$1,246,938
73$1,631,986$694,909$518,509$1,310,969
74$1,754,170$684,681$491,600$1,380,475
75$1,887,421$672,557$462,395$1,456,020
76$2,032,826$658,400$430,774$1,538,226
77$2,191,579$642,066$396,608$1,627,782
78$2,364,993$623,400$359,768$1,725,450
79$2,554,516$602,241$320,114$1,832,068
80$2,761,742$578,416$277,503$1,948,566
81$2,988,425$551,744$231,785$2,075,969
82$3,236,497$522,032$182,802$2,215,411
83$3,508,084$489,076$130,391$2,368,142
84$3,805,530$452,662$74,380$2,535,545
85$4,131,413$412,561$14,591$2,719,147
86$4,488,574$368,534$0$2,920,633
87$4,880,142$320,326$0$3,150,265
88$5,309,563$267,668$0$3,404,902
89$5,780,632$210,277$0$3,684,353
90$6,297,528$147,852$0$3,991,159
91$6,864,857$80,078$0$4,328,123
92$7,487,690$6,620$0$4,698,334
93$8,171,615$0$0$5,105,203
94$8,922,786$0$0$5,574,142
95$9,747,983$0$0$6,091,517
96$10,654,675$0$0$6,660,051
97$11,651,089$0$0$7,284,913
98$12,746,292$0$0$7,971,795
99$13,950,269$0$0$8,726,970
100$15,274,023$0$0$9,557,347