Can I retire at age 61 with 676,000?

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 $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%13%
1 years$55,823$55,326$54,841$54,368$53,905$53,232
2 years$27,635$27,121$26,622$26,138$25,669$24,991
3 years$18,241$17,724$17,226$16,747$16,286$15,625
4 years$13,544$13,029$12,536$12,065$11,615$10,976
5 years$10,727$10,215$9,729$9,267$8,830$8,214
6 years$8,849$8,341$7,862$7,411$6,987$6,396
7 years$7,509$7,005$6,533$6,093$5,682$5,116
8 years$6,504$6,004$5,541$5,111$4,714$4,173
9 years$5,723$5,228$4,772$4,354$3,970$3,453
10 years$5,098$4,608$4,161$3,753$3,382$2,890
11 years$4,587$4,102$3,663$3,266$2,909$2,440
12 years$4,162$3,682$3,251$2,865$2,521$2,075
13 years$3,803$3,328$2,904$2,529$2,198$1,775
14 years$3,495$3,025$2,610$2,245$1,927$1,526
15 years$3,228$2,763$2,356$2,002$1,697$1,317
16 years$2,995$2,535$2,136$1,793$1,499$1,141
17 years$2,789$2,335$1,944$1,611$1,330$991
18 years$2,607$2,157$1,774$1,452$1,182$862
19 years$2,444$1,999$1,624$1,312$1,054$752
20 years$2,298$1,858$1,491$1,188$941$658
21 years$2,165$1,731$1,371$1,078$842$576
22 years$2,045$1,615$1,264$980$755$505
23 years$1,935$1,511$1,167$893$678$443
24 years$1,835$1,416$1,079$814$609$389
25 years$1,743$1,328$1,000$744$548$342
26 years$1,658$1,249$927$680$494$301
27 years$1,579$1,175$861$622$445$265
28 years$1,507$1,107$800$570$402$234
29 years$1,439$1,045$745$523$363$206
30 years$1,376$986$694$480$328$182
31 years$1,317$933$647$441$296$160
32 years$1,262$882$603$405$268$141
33 years$1,211$836$563$373$243$125
34 years$1,162$792$526$343$220$110
35 years$1,117$751$492$316$199$97
36 years$1,074$713$460$291$180$86
37 years$1,033$677$431$268$163$76
38 years$995$644$404$247$148$67
39 years$959$612$378$228$134$59
40 years$924$582$354$210$122$53
41 years$892$554$332$194$110$46
42 years$861$528$312$179$100$41
43 years$831$503$292$165$91$36
44 years$803$479$275$152$83$32
45 years$776$457$258$141$75$28
46 years$751$436$242$130$68$25
47 years$727$416$227$120$62$22
48 years$703$397$214$111$56$20
49 years$681$379$201$103$51$17
50 years$660$362$189$95$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $676,000, adding $2,772 every year, while hoping to spend $47,141 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: 42/46/12 Blend
60$676,000$676,000$676,000$676,000
61$747,811$711,983$701,505$776,480
62$773,930$696,713$674,848$781,573
63$801,134$679,114$645,718$782,169
64$829,482$659,023$613,982$781,772
65$859,041$636,267$579,502$780,313
66$889,880$610,662$542,133$777,717
67$922,077$582,013$501,723$773,907
68$955,713$550,116$458,115$768,803
69$990,876$514,752$411,143$762,321
70$1,027,663$475,693$360,634$754,371
71$1,066,178$432,694$306,408$744,865
72$1,106,532$385,501$248,276$733,705
73$1,148,848$333,840$186,043$720,793
74$1,193,258$277,425$119,503$706,028
75$1,239,906$215,954$48,442$689,302
76$1,288,947$149,107$0$670,506
77$1,340,551$76,544$0$653,034
78$1,394,902$0$0$640,108
79$1,452,203$0$0$626,490
80$1,512,671$0$0$653,039
81$1,576,546$0$0$681,120
82$1,644,088$0$0$710,851
83$1,715,581$0$0$742,363
84$1,791,337$0$0$775,798
85$1,871,693$0$0$811,311
86$1,957,022$0$0$849,072
87$2,047,728$0$0$889,268
88$2,144,256$0$0$932,102
89$2,247,090$0$0$977,797
90$2,356,764$0$0$1,026,598
91$2,473,859$0$0$1,078,772
92$2,599,014$0$0$1,134,612
93$2,732,928$0$0$1,194,441
94$2,876,370$0$0$1,258,612
95$3,030,180$0$0$1,327,512
96$3,195,282$0$0$1,401,566
97$3,372,689$0$0$1,481,241
98$3,563,514$0$0$1,567,049
99$3,768,977$0$0$1,659,554
100$3,990,420$0$0$1,759,373