Can I retire at age 61 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$56,071$55,572$55,084$54,609$54,144$52,835
2 years$27,758$27,241$26,740$26,254$25,783$24,472
3 years$18,322$17,802$17,303$16,821$16,358$15,086
4 years$13,604$13,087$12,592$12,119$11,667$10,444
5 years$10,775$10,260$9,772$9,308$8,869$7,698
6 years$8,889$8,378$7,897$7,444$7,018$5,900
7 years$7,542$7,036$6,562$6,120$5,707$4,643
8 years$6,533$6,031$5,566$5,134$4,735$3,724
9 years$5,748$5,251$4,794$4,373$3,987$3,029
10 years$5,121$4,629$4,179$3,770$3,397$2,490
11 years$4,608$4,121$3,679$3,281$2,922$2,065
12 years$4,181$3,698$3,265$2,878$2,532$1,723
13 years$3,819$3,342$2,917$2,541$2,208$1,446
14 years$3,510$3,038$2,621$2,255$1,935$1,219
15 years$3,242$2,775$2,367$2,011$1,704$1,031
16 years$3,008$2,546$2,146$1,801$1,506$875
17 years$2,802$2,345$1,952$1,618$1,335$744
18 years$2,619$2,167$1,782$1,458$1,187$635
19 years$2,455$2,008$1,632$1,318$1,058$542
20 years$2,308$1,866$1,497$1,193$945$463
21 years$2,175$1,738$1,377$1,083$846$397
22 years$2,054$1,623$1,269$985$758$340
23 years$1,944$1,518$1,172$897$681$292
24 years$1,843$1,422$1,084$818$612$251
25 years$1,751$1,334$1,004$747$551$215
26 years$1,665$1,254$931$683$496$185
27 years$1,586$1,180$865$625$447$159
28 years$1,513$1,112$804$573$403$137
29 years$1,445$1,049$748$525$364$118
30 years$1,382$991$697$482$329$102
31 years$1,323$937$650$443$298$88
32 years$1,268$886$606$407$269$75
33 years$1,216$839$566$374$244$65
34 years$1,167$795$529$344$221$56
35 years$1,122$755$494$317$200$48
36 years$1,078$716$462$292$181$42
37 years$1,038$680$433$269$164$36
38 years$999$646$405$248$149$31
39 years$963$615$380$229$135$27
40 years$928$585$356$211$122$23
41 years$896$557$334$194$111$20
42 years$864$530$313$179$101$17
43 years$835$505$294$166$91$15
44 years$807$482$276$153$83$13
45 years$780$459$259$141$75$11
46 years$754$438$243$131$68$9
47 years$730$418$228$121$62$8
48 years$707$399$215$111$56$7
49 years$684$381$202$103$51$6
50 years$663$364$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $679,000, adding $6,069 every year, while hoping to spend $49,041 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: 44/50/6 Blend
60$679,000$679,000$679,000$679,000
61$754,518$718,531$708,007$786,177
62$779,300$701,560$679,546$791,699
63$804,965$682,114$648,488$792,135
64$831,554$660,019$614,694$791,464
65$859,105$635,093$578,019$789,600
66$887,663$607,141$538,311$786,453
67$917,272$575,959$495,413$781,928
68$947,983$541,330$449,158$775,925
69$979,846$503,024$399,374$768,338
70$1,012,918$460,799$345,880$759,055
71$1,047,256$414,399$288,487$747,959
72$1,082,923$363,552$226,999$734,926
73$1,119,987$307,972$161,210$719,827
74$1,158,521$247,357$90,904$702,524
75$1,198,599$181,387$15,859$682,873
76$1,240,306$109,725$0$660,722
77$1,283,730$32,014$0$640,025
78$1,328,965$0$0$617,854
79$1,376,115$0$0$621,712
80$1,425,289$0$0$644,121
81$1,476,607$0$0$667,524
82$1,530,196$0$0$691,982
83$1,586,195$0$0$717,561
84$1,644,754$0$0$744,331
85$1,706,033$0$0$772,369
86$1,770,209$0$0$801,758
87$1,837,471$0$0$832,590
88$1,908,024$0$0$864,961
89$1,982,093$0$0$898,979
90$2,059,919$0$0$934,760
91$2,141,766$0$0$972,428
92$2,227,922$0$0$1,012,122
93$2,318,698$0$0$1,053,991
94$2,414,434$0$0$1,098,197
95$2,515,501$0$0$1,144,918
96$2,622,303$0$0$1,194,348
97$2,735,280$0$0$1,246,698
98$2,854,915$0$0$1,302,200
99$2,981,732$0$0$1,361,105
100$3,116,307$0$0$1,423,690