Can I retire at age 61 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$55,741$55,244$54,760$54,287$53,825$52,546
2 years$27,594$27,081$26,582$26,100$25,631$24,349
3 years$18,214$17,697$17,201$16,722$16,261$15,017
4 years$13,524$13,009$12,518$12,047$11,598$10,401
5 years$10,711$10,200$9,714$9,254$8,816$7,671
6 years$8,836$8,329$7,851$7,400$6,976$5,883
7 years$7,498$6,994$6,524$6,084$5,673$4,632
8 years$6,494$5,996$5,533$5,104$4,707$3,717
9 years$5,714$5,220$4,765$4,347$3,964$3,025
10 years$5,091$4,601$4,155$3,747$3,377$2,489
11 years$4,581$4,096$3,658$3,261$2,905$2,065
12 years$4,156$3,677$3,246$2,861$2,517$1,724
13 years$3,797$3,323$2,900$2,526$2,195$1,448
14 years$3,489$3,020$2,606$2,242$1,924$1,221
15 years$3,223$2,759$2,353$1,999$1,694$1,034
16 years$2,991$2,531$2,133$1,790$1,497$878
17 years$2,785$2,331$1,941$1,608$1,328$747
18 years$2,603$2,154$1,772$1,450$1,180$638
19 years$2,440$1,996$1,622$1,310$1,052$545
20 years$2,294$1,855$1,489$1,186$940$466
21 years$2,162$1,728$1,369$1,077$841$400
22 years$2,042$1,613$1,262$979$754$343
23 years$1,932$1,509$1,165$892$677$294
24 years$1,832$1,414$1,078$813$608$253
25 years$1,740$1,327$998$743$547$218
26 years$1,655$1,247$926$679$493$187
27 years$1,577$1,173$860$621$444$161
28 years$1,504$1,106$799$569$401$139
29 years$1,437$1,043$744$522$362$120
30 years$1,374$985$693$479$327$103
31 years$1,315$931$646$440$296$89
32 years$1,260$881$602$404$268$77
33 years$1,209$834$563$372$242$66
34 years$1,160$791$526$342$219$57
35 years$1,115$750$491$315$199$49
36 years$1,072$712$460$290$180$42
37 years$1,032$676$430$267$163$37
38 years$993$643$403$246$148$32
39 years$957$611$378$227$134$27
40 years$923$581$354$210$122$24
41 years$890$553$332$193$110$20
42 years$859$527$311$178$100$18
43 years$830$502$292$165$91$15
44 years$802$479$274$152$82$13
45 years$775$456$257$140$75$11
46 years$750$435$242$130$68$10
47 years$726$416$227$120$62$8
48 years$702$397$213$111$56$7
49 years$680$379$201$102$51$6
50 years$659$362$189$95$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $675,000, adding $6,620 every year, while hoping to spend $34,410 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: 65/26/9 Blend
60$675,000$675,000$675,000$675,000
61$750,679$714,904$704,441$797,657
62$790,636$713,322$691,428$828,201
63$833,515$710,509$676,825$856,885
64$879,579$706,369$660,544$887,335
65$929,114$700,800$642,491$919,719
66$982,436$693,691$622,566$954,225
67$1,039,891$684,929$600,669$991,061
68$1,101,860$674,390$576,691$1,030,455
69$1,168,761$661,946$550,521$1,072,662
70$1,241,053$647,460$522,042$1,117,962
71$1,319,240$630,785$491,130$1,166,666
72$1,403,878$611,769$457,658$1,219,117
73$1,495,576$590,248$421,493$1,275,696
74$1,595,005$566,051$382,493$1,336,823
75$1,702,903$538,994$340,514$1,402,963
76$1,820,080$508,886$295,402$1,474,632
77$1,947,429$475,523$246,999$1,552,396
78$2,085,931$438,688$195,138$1,636,886
79$2,236,667$398,154$139,646$1,728,796
80$2,400,823$353,680$80,340$1,828,895
81$2,579,708$305,011$17,032$1,938,033
82$2,774,760$251,878$0$2,057,149
83$2,987,563$193,998$0$2,192,132
84$3,219,859$131,069$0$2,341,339
85$3,473,569$62,775$0$2,504,420
86$3,750,803$0$0$2,682,796
87$4,053,887$0$0$2,881,246
88$4,385,382$0$0$3,117,985
89$4,748,106$0$0$3,377,072
90$5,145,164$0$0$3,660,728
91$5,579,973$0$0$3,971,402
92$6,056,297$0$0$4,311,789
93$6,578,283$0$0$4,684,858
94$7,150,495$0$0$5,093,878
95$7,777,961$0$0$5,542,449
96$8,466,219$0$0$6,034,538
97$9,221,369$0$0$6,574,513
98$10,050,130$0$0$7,167,185
99$10,959,902$0$0$7,817,855
100$11,958,837$0$0$8,532,362