Can I retire at age 61 with 685,000?

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 $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%11.6%
1 years$56,567$56,063$55,571$55,091$54,623$54,256
2 years$28,003$27,482$26,976$26,486$26,011$25,641
3 years$18,483$17,960$17,455$16,970$16,502$16,141
4 years$13,724$13,202$12,703$12,226$11,770$11,419
5 years$10,870$10,351$9,858$9,391$8,947$8,609
6 years$8,967$8,452$7,967$7,510$7,080$6,754
7 years$7,609$7,098$6,620$6,174$5,758$5,444
8 years$6,591$6,084$5,615$5,179$4,776$4,476
9 years$5,799$5,298$4,836$4,412$4,022$3,735
10 years$5,166$4,670$4,216$3,803$3,427$3,152
11 years$4,649$4,157$3,712$3,310$2,948$2,685
12 years$4,218$3,731$3,294$2,903$2,554$2,303
13 years$3,853$3,372$2,943$2,563$2,227$1,988
14 years$3,541$3,065$2,644$2,275$1,953$1,725
15 years$3,271$2,800$2,387$2,029$1,719$1,503
16 years$3,035$2,569$2,165$1,817$1,519$1,314
17 years$2,827$2,366$1,970$1,632$1,347$1,153
18 years$2,642$2,186$1,798$1,471$1,198$1,013
19 years$2,477$2,026$1,646$1,329$1,068$893
20 years$2,328$1,883$1,511$1,204$954$789
21 years$2,194$1,754$1,390$1,093$853$698
22 years$2,072$1,637$1,281$993$765$618
23 years$1,961$1,531$1,182$905$687$548
24 years$1,859$1,434$1,094$825$617$487
25 years$1,766$1,346$1,013$754$555$433
26 years$1,680$1,265$939$689$500$385
27 years$1,600$1,191$872$631$451$343
28 years$1,527$1,122$811$578$407$305
29 years$1,458$1,058$755$530$368$272
30 years$1,394$1,000$703$486$332$243
31 years$1,335$945$655$447$300$217
32 years$1,279$894$611$410$272$194
33 years$1,227$847$571$377$246$173
34 years$1,178$803$533$347$223$154
35 years$1,131$761$499$320$202$138
36 years$1,088$722$467$294$183$123
37 years$1,047$686$437$271$166$110
38 years$1,008$652$409$250$150$99
39 years$971$620$383$231$136$88
40 years$937$590$359$213$123$79
41 years$903$562$337$196$112$71
42 years$872$535$316$181$102$63
43 years$842$510$296$167$92$57
44 years$814$486$278$154$84$51
45 years$787$463$261$143$76$45
46 years$761$442$245$132$69$41
47 years$736$422$230$122$63$36
48 years$713$403$217$112$57$33
49 years$690$384$204$104$52$29
50 years$669$367$191$96$47$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $685,000, adding $4,190 every year, while hoping to spend $50,768 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: 69/9/22 Blend
60$685,000$685,000$685,000$685,000
61$759,192$722,887$712,269$807,116
62$782,613$704,292$682,114$821,106
63$806,721$683,084$649,246$830,101
64$831,533$659,081$613,523$838,724
65$857,066$632,093$574,792$846,933
66$883,335$601,914$532,896$854,686
67$910,358$568,330$487,671$861,938
68$938,150$531,114$438,943$868,641
69$966,727$490,024$386,534$874,743
70$996,105$444,807$330,254$880,190
71$1,026,299$395,194$269,909$884,924
72$1,057,323$340,901$205,293$888,881
73$1,089,192$281,626$136,192$891,997
74$1,121,918$217,054$62,383$894,199
75$1,155,513$146,850$0$895,413
76$1,189,989$70,658$0$899,406
77$1,225,354$0$0$918,122
78$1,261,617$0$0$938,049
79$1,298,784$0$0$965,640
80$1,336,860$0$0$993,901
81$1,375,845$0$0$1,022,832
82$1,415,740$0$0$1,052,432
83$1,456,540$0$0$1,082,698
84$1,498,238$0$0$1,113,622
85$1,540,823$0$0$1,145,196
86$1,584,279$0$0$1,177,407
87$1,628,586$0$0$1,210,239
88$1,673,717$0$0$1,243,671
89$1,719,642$0$0$1,277,678
90$1,766,319$0$0$1,312,228
91$1,813,702$0$0$1,347,286
92$1,861,736$0$0$1,382,808
93$1,910,355$0$0$1,418,743
94$1,959,483$0$0$1,455,032
95$2,009,031$0$0$1,491,608
96$2,058,899$0$0$1,528,392
97$2,108,969$0$0$1,565,293
98$2,159,107$0$0$1,602,210
99$2,209,163$0$0$1,639,027
100$2,258,965$0$0$1,675,610