Can I retire at age 61 with 685,000?

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 $685,000?

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$56,567$56,063$55,571$55,091$54,623$53,023
2 years$28,003$27,482$26,976$26,486$26,011$24,412
3 years$18,483$17,960$17,455$16,970$16,502$14,955
4 years$13,724$13,202$12,703$12,226$11,770$10,285
5 years$10,870$10,351$9,858$9,391$8,947$7,529
6 years$8,967$8,452$7,967$7,510$7,080$5,730
7 years$7,609$7,098$6,620$6,174$5,758$4,476
8 years$6,591$6,084$5,615$5,179$4,776$3,563
9 years$5,799$5,298$4,836$4,412$4,022$2,875
10 years$5,166$4,670$4,216$3,803$3,427$2,345
11 years$4,649$4,157$3,712$3,310$2,948$1,928
12 years$4,218$3,731$3,294$2,903$2,554$1,595
13 years$3,853$3,372$2,943$2,563$2,227$1,327
14 years$3,541$3,065$2,644$2,275$1,953$1,109
15 years$3,271$2,800$2,387$2,029$1,719$929
16 years$3,035$2,569$2,165$1,817$1,519$781
17 years$2,827$2,366$1,970$1,632$1,347$658
18 years$2,642$2,186$1,798$1,471$1,198$556
19 years$2,477$2,026$1,646$1,329$1,068$470
20 years$2,328$1,883$1,511$1,204$954$398
21 years$2,194$1,754$1,390$1,093$853$338
22 years$2,072$1,637$1,281$993$765$286
23 years$1,961$1,531$1,182$905$687$243
24 years$1,859$1,434$1,094$825$617$207
25 years$1,766$1,346$1,013$754$555$176
26 years$1,680$1,265$939$689$500$150
27 years$1,600$1,191$872$631$451$127
28 years$1,527$1,122$811$578$407$108
29 years$1,458$1,058$755$530$368$92
30 years$1,394$1,000$703$486$332$79
31 years$1,335$945$655$447$300$67
32 years$1,279$894$611$410$272$57
33 years$1,227$847$571$377$246$49
34 years$1,178$803$533$347$223$42
35 years$1,131$761$499$320$202$35
36 years$1,088$722$467$294$183$30
37 years$1,047$686$437$271$166$26
38 years$1,008$652$409$250$150$22
39 years$971$620$383$231$136$19
40 years$937$590$359$213$123$16
41 years$903$562$337$196$112$14
42 years$872$535$316$181$102$12
43 years$842$510$296$167$92$10
44 years$814$486$278$154$84$8
45 years$787$463$261$143$76$7
46 years$761$442$245$132$69$6
47 years$736$422$230$122$63$5
48 years$713$403$217$112$57$4
49 years$690$384$204$104$52$4
50 years$669$367$191$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $685,000, adding $5,834 every year, while hoping to spend $36,959 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: 40/38/22 Blend
60$685,000$685,000$685,000$685,000
61$760,888$724,583$713,965$786,165
62$799,174$720,763$698,559$801,044
63$840,127$715,518$681,398$813,186
64$883,980$708,738$662,384$825,576
65$930,987$700,307$641,416$838,257
66$981,430$690,104$618,385$851,279
67$1,035,615$677,999$593,181$864,702
68$1,093,881$663,854$565,685$878,592
69$1,156,598$647,524$535,777$893,028
70$1,224,173$628,855$503,328$908,098
71$1,297,054$607,684$468,204$923,904
72$1,375,730$583,837$430,265$940,562
73$1,460,742$557,133$389,367$958,204
74$1,552,684$527,378$345,357$976,981
75$1,652,206$494,368$298,074$997,061
76$1,760,025$457,887$247,354$1,018,637
77$1,876,930$417,705$193,023$1,041,926
78$2,003,787$373,583$134,899$1,067,173
79$2,141,548$325,263$72,794$1,094,652
80$2,291,263$272,478$6,509$1,124,674
81$2,454,084$214,941$0$1,157,586
82$2,631,279$152,352$0$1,208,856
83$2,824,245$84,393$0$1,266,456
84$3,034,517$10,728$0$1,329,398
85$3,263,787$0$0$1,398,287
86$3,513,914$0$0$1,502,643
87$3,786,947$0$0$1,621,538
88$4,085,139$0$0$1,751,477
89$4,410,973$0$0$1,893,553
90$4,767,180$0$0$2,048,969
91$5,156,768$0$0$2,219,049
92$5,583,049$0$0$2,405,250
93$6,049,670$0$0$2,609,181
94$6,560,646$0$0$2,832,607
95$7,120,400$0$0$3,077,478
96$7,733,802$0$0$3,345,938
97$8,406,216$0$0$3,640,350
98$9,143,547$0$0$3,963,314
99$9,952,304$0$0$4,317,699
100$10,839,651$0$0$4,706,659