Can I retire at age 61 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$56,402$55,899$55,409$54,931$54,463$54,052
2 years$27,922$27,402$26,898$26,409$25,935$25,520
3 years$18,429$17,907$17,404$16,920$16,454$16,049
4 years$13,684$13,164$12,666$12,190$11,735$11,343
5 years$10,838$10,320$9,829$9,363$8,921$8,542
6 years$8,941$8,427$7,944$7,488$7,059$6,694
7 years$7,587$7,077$6,601$6,156$5,741$5,391
8 years$6,571$6,067$5,598$5,164$4,762$4,427
9 years$5,782$5,282$4,822$4,399$4,011$3,689
10 years$5,151$4,656$4,204$3,792$3,417$3,110
11 years$4,635$4,145$3,701$3,300$2,939$2,646
12 years$4,205$3,720$3,284$2,895$2,547$2,267
13 years$3,842$3,362$2,934$2,555$2,221$1,955
14 years$3,531$3,056$2,637$2,268$1,947$1,693
15 years$3,261$2,792$2,381$2,023$1,714$1,473
16 years$3,026$2,561$2,158$1,811$1,515$1,287
17 years$2,818$2,359$1,964$1,628$1,343$1,127
18 years$2,634$2,180$1,793$1,467$1,194$989
19 years$2,469$2,020$1,641$1,325$1,065$871
20 years$2,321$1,877$1,506$1,200$951$768
21 years$2,188$1,749$1,385$1,089$851$678
22 years$2,066$1,632$1,277$991$763$600
23 years$1,955$1,527$1,179$902$685$531
24 years$1,854$1,430$1,090$823$615$471
25 years$1,761$1,342$1,010$751$554$418
26 years$1,675$1,261$937$687$499$371
27 years$1,596$1,187$870$629$450$330
28 years$1,522$1,119$809$576$406$294
29 years$1,454$1,055$752$528$366$261
30 years$1,390$997$701$485$331$233
31 years$1,331$942$653$445$299$207
32 years$1,275$892$610$409$271$185
33 years$1,223$844$569$376$245$165
34 years$1,174$800$532$346$222$147
35 years$1,128$759$497$319$201$131
36 years$1,085$720$465$294$182$117
37 years$1,044$684$435$271$165$105
38 years$1,005$650$408$249$150$93
39 years$968$618$382$230$136$83
40 years$934$588$358$212$123$74
41 years$901$560$336$196$112$67
42 years$870$533$315$181$101$59
43 years$840$508$296$167$92$53
44 years$812$484$277$154$83$47
45 years$785$462$260$142$76$42
46 years$759$441$245$131$69$38
47 years$734$420$230$121$62$34
48 years$711$401$216$112$57$30
49 years$688$383$203$104$52$27
50 years$667$366$191$96$47$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $683,000, adding $3,929 every year, while hoping to spend $25,836 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: 53/20/27 Blend
60$683,000$683,000$683,000$683,000
61$756,719$720,520$709,933$790,942
62$806,415$728,336$706,227$822,873
63$860,314$735,669$701,530$854,644
64$918,817$742,469$695,783$888,702
65$982,367$748,680$688,922$925,274
66$1,051,448$754,245$680,881$964,615
67$1,126,596$759,103$671,590$1,007,003
68$1,208,397$763,187$660,977$1,052,749
69$1,297,499$766,429$648,965$1,102,195
70$1,394,614$768,753$635,475$1,155,717
71$1,500,524$770,082$620,423$1,213,735
72$1,616,093$770,331$603,722$1,276,709
73$1,742,268$769,412$585,281$1,345,151
74$1,880,096$767,229$565,005$1,419,623
75$2,030,726$763,684$542,792$1,500,750
76$2,195,424$758,668$518,540$1,589,218
77$2,375,585$752,071$492,139$1,685,789
78$2,572,743$743,771$463,474$1,791,301
79$2,788,589$733,642$432,426$1,906,683
80$3,024,985$721,549$398,872$2,032,959
81$3,283,979$707,351$362,680$2,171,260
82$3,567,830$690,896$323,715$2,322,834
83$3,879,023$672,025$281,834$2,489,062
84$4,220,298$650,569$236,890$2,671,464
85$4,594,669$626,347$188,726$2,871,723
86$5,005,459$599,172$137,182$3,091,694
87$5,456,327$568,842$82,089$3,333,424
88$5,951,303$535,146$23,270$3,599,174
89$6,494,827$497,860$0$3,891,439
90$7,091,790$456,746$0$4,224,352
91$7,747,580$411,554$0$4,597,466
92$8,468,132$362,019$0$5,007,481
93$9,259,985$307,861$0$5,458,155
94$10,130,342$248,784$0$5,953,635
95$11,087,139$184,477$0$6,498,488
96$12,139,119$114,609$0$7,097,753
97$13,295,917$38,832$0$7,756,982
98$14,568,143$0$0$8,482,295
99$15,967,492$0$0$9,289,953
100$17,506,847$0$0$10,187,894