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%14.5%
1 years$56,567$56,063$55,571$55,091$54,623$53,608
2 years$28,003$27,482$26,976$26,486$26,011$24,992
3 years$18,483$17,960$17,455$16,970$16,502$15,511
4 years$13,724$13,202$12,703$12,226$11,770$10,814
5 years$10,870$10,351$9,858$9,391$8,947$8,030
6 years$8,967$8,452$7,967$7,510$7,080$6,202
7 years$7,609$7,098$6,620$6,174$5,758$4,919
8 years$6,591$6,084$5,615$5,179$4,776$3,978
9 years$5,799$5,298$4,836$4,412$4,022$3,262
10 years$5,166$4,670$4,216$3,803$3,427$2,706
11 years$4,649$4,157$3,712$3,310$2,948$2,263
12 years$4,218$3,731$3,294$2,903$2,554$1,906
13 years$3,853$3,372$2,943$2,563$2,227$1,615
14 years$3,541$3,065$2,644$2,275$1,953$1,374
15 years$3,271$2,800$2,387$2,029$1,719$1,174
16 years$3,035$2,569$2,165$1,817$1,519$1,006
17 years$2,827$2,366$1,970$1,632$1,347$864
18 years$2,642$2,186$1,798$1,471$1,198$744
19 years$2,477$2,026$1,646$1,329$1,068$642
20 years$2,328$1,883$1,511$1,204$954$555
21 years$2,194$1,754$1,390$1,093$853$481
22 years$2,072$1,637$1,281$993$765$416
23 years$1,961$1,531$1,182$905$687$361
24 years$1,859$1,434$1,094$825$617$314
25 years$1,766$1,346$1,013$754$555$273
26 years$1,680$1,265$939$689$500$237
27 years$1,600$1,191$872$631$451$206
28 years$1,527$1,122$811$578$407$179
29 years$1,458$1,058$755$530$368$156
30 years$1,394$1,000$703$486$332$136
31 years$1,335$945$655$447$300$119
32 years$1,279$894$611$410$272$103
33 years$1,227$847$571$377$246$90
34 years$1,178$803$533$347$223$79
35 years$1,131$761$499$320$202$69
36 years$1,088$722$467$294$183$60
37 years$1,047$686$437$271$166$52
38 years$1,008$652$409$250$150$46
39 years$971$620$383$231$136$40
40 years$937$590$359$213$123$35
41 years$903$562$337$196$112$30
42 years$872$535$316$181$102$26
43 years$842$510$296$167$92$23
44 years$814$486$278$154$84$20
45 years$787$463$261$143$76$18
46 years$761$442$245$132$69$15
47 years$736$422$230$122$63$13
48 years$713$403$217$112$57$12
49 years$690$384$204$104$52$10
50 years$669$367$191$96$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $685,000, adding $3,180 every year, while hoping to spend $42,504 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: 56/30/14 Blend
60$685,000$685,000$685,000$685,000
61$758,150$721,845$711,228$797,691
62$790,258$711,992$689,830$815,019
63$824,215$700,231$666,291$828,977
64$860,167$686,424$640,494$843,199
65$898,271$670,425$612,316$857,717
66$938,697$652,079$581,632$872,572
67$981,635$631,221$548,307$887,807
68$1,027,288$607,678$512,202$903,475
69$1,075,882$581,265$473,171$919,635
70$1,127,663$551,788$431,063$936,356
71$1,182,900$519,040$385,719$953,717
72$1,241,888$482,805$336,973$971,807
73$1,304,950$442,852$284,651$990,729
74$1,372,440$398,937$228,572$1,010,598
75$1,444,748$350,804$168,548$1,031,546
76$1,522,299$298,180$104,381$1,053,723
77$1,605,561$240,779$35,866$1,077,296
78$1,695,047$178,296$0$1,102,456
79$1,791,322$110,412$0$1,134,983
80$1,895,003$36,788$0$1,175,633
81$2,006,769$0$0$1,219,348
82$2,127,368$0$0$1,280,644
83$2,257,619$0$0$1,360,011
84$2,398,423$0$0$1,445,858
85$2,550,771$0$0$1,538,795
86$2,715,751$0$0$1,639,495
87$2,894,561$0$0$1,748,694
88$3,088,515$0$0$1,867,203
89$3,299,063$0$0$1,995,914
90$3,527,795$0$0$2,135,809
91$3,776,463$0$0$2,287,967
92$4,046,994$0$0$2,453,576
93$4,341,506$0$0$2,633,943
94$4,662,333$0$0$2,830,505
95$5,012,041$0$0$3,044,845
96$5,393,455$0$0$3,278,706
97$5,809,684$0$0$3,534,004
98$6,264,151$0$0$3,812,849
99$6,760,622$0$0$4,117,565
100$7,303,246$0$0$4,450,711