Can I retire at age 61 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$55,823$55,326$54,841$54,368$53,905$52,326
2 years$27,635$27,121$26,622$26,138$25,669$24,091
3 years$18,241$17,724$17,226$16,747$16,286$14,758
4 years$13,544$13,029$12,536$12,065$11,615$10,150
5 years$10,727$10,215$9,729$9,267$8,830$7,430
6 years$8,849$8,341$7,862$7,411$6,987$5,655
7 years$7,509$7,005$6,533$6,093$5,682$4,418
8 years$6,504$6,004$5,541$5,111$4,714$3,516
9 years$5,723$5,228$4,772$4,354$3,970$2,837
10 years$5,098$4,608$4,161$3,753$3,382$2,314
11 years$4,587$4,102$3,663$3,266$2,909$1,903
12 years$4,162$3,682$3,251$2,865$2,521$1,574
13 years$3,803$3,328$2,904$2,529$2,198$1,310
14 years$3,495$3,025$2,610$2,245$1,927$1,094
15 years$3,228$2,763$2,356$2,002$1,697$917
16 years$2,995$2,535$2,136$1,793$1,499$771
17 years$2,789$2,335$1,944$1,611$1,330$650
18 years$2,607$2,157$1,774$1,452$1,182$549
19 years$2,444$1,999$1,624$1,312$1,054$464
20 years$2,298$1,858$1,491$1,188$941$393
21 years$2,165$1,731$1,371$1,078$842$333
22 years$2,045$1,615$1,264$980$755$283
23 years$1,935$1,511$1,167$893$678$240
24 years$1,835$1,416$1,079$814$609$204
25 years$1,743$1,328$1,000$744$548$174
26 years$1,658$1,249$927$680$494$148
27 years$1,579$1,175$861$622$445$126
28 years$1,507$1,107$800$570$402$107
29 years$1,439$1,045$745$523$363$91
30 years$1,376$986$694$480$328$78
31 years$1,317$933$647$441$296$66
32 years$1,262$882$603$405$268$56
33 years$1,211$836$563$373$243$48
34 years$1,162$792$526$343$220$41
35 years$1,117$751$492$316$199$35
36 years$1,074$713$460$291$180$30
37 years$1,033$677$431$268$163$25
38 years$995$644$404$247$148$22
39 years$959$612$378$228$134$18
40 years$924$582$354$210$122$16
41 years$892$554$332$194$110$13
42 years$861$528$312$179$100$11
43 years$831$503$292$165$91$10
44 years$803$479$275$152$83$8
45 years$776$457$258$141$75$7
46 years$751$436$242$130$68$6
47 years$727$416$227$120$62$5
48 years$703$397$214$111$56$4
49 years$681$379$201$103$51$4
50 years$660$362$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $676,000, adding $2,474 every year, while hoping to spend $27,948 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: 71/11/18 Blend
60$676,000$676,000$676,000$676,000
61$747,504$711,676$701,198$797,212
62$794,013$716,812$694,952$835,739
63$844,329$721,262$687,559$874,325
64$898,811$724,965$678,953$915,860
65$957,854$727,852$669,062$960,633
66$1,021,891$729,853$657,812$1,008,961
67$1,091,400$730,891$645,124$1,061,194
68$1,166,904$730,886$630,917$1,117,719
69$1,248,982$729,753$615,107$1,178,960
70$1,338,267$727,401$597,602$1,245,389
71$1,435,460$723,733$578,311$1,317,523
72$1,541,328$718,646$557,135$1,395,934
73$1,656,717$712,034$533,973$1,481,252
74$1,782,558$703,779$508,717$1,574,172
75$1,919,876$693,762$481,256$1,675,461
76$2,069,798$681,851$451,473$1,785,967
77$2,233,567$667,911$419,247$1,906,620
78$2,412,548$651,796$384,449$2,038,451
79$2,608,247$633,353$346,947$2,182,594
80$2,822,320$612,420$306,602$2,340,301
81$3,056,592$588,823$263,268$2,512,953
82$3,313,071$562,382$216,794$2,702,072
83$3,593,969$532,904$167,022$2,909,338
84$3,901,722$500,184$113,785$3,136,602
85$4,239,013$464,008$56,912$3,385,905
86$4,608,795$424,148$0$3,659,501
87$5,014,324$380,363$0$3,960,599
88$5,459,183$332,398$0$4,302,923
89$5,947,319$279,985$0$4,678,589
90$6,483,082$222,840$0$5,090,965
91$7,071,259$160,663$0$5,543,764
92$7,717,129$93,136$0$6,041,078
93$8,426,502$19,926$0$6,587,415
94$9,205,781$0$0$7,187,744
95$10,062,019$0$0$7,854,720
96$11,002,987$0$0$8,590,385
97$12,037,246$0$0$9,399,025
98$13,174,225$0$0$10,288,016
99$14,424,315$0$0$11,265,489
100$15,798,963$0$0$12,340,400