Can I retire at age 61 with 686,000?

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 $686,000?

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$56,649$56,145$55,652$55,172$54,703$53,380
2 years$28,044$27,522$27,016$26,525$26,049$24,724
3 years$18,510$17,986$17,481$16,995$16,526$15,242
4 years$13,744$13,222$12,722$12,244$11,787$10,551
5 years$10,886$10,366$9,873$9,404$8,960$7,777
6 years$8,980$8,464$7,978$7,521$7,090$5,961
7 years$7,620$7,108$6,630$6,183$5,766$4,691
8 years$6,600$6,093$5,623$5,187$4,783$3,762
9 years$5,807$5,305$4,843$4,418$4,028$3,060
10 years$5,174$4,676$4,222$3,808$3,432$2,516
11 years$4,655$4,163$3,717$3,315$2,952$2,086
12 years$4,224$3,737$3,299$2,907$2,558$1,741
13 years$3,859$3,377$2,947$2,567$2,231$1,461
14 years$3,546$3,069$2,648$2,278$1,955$1,232
15 years$3,276$2,804$2,391$2,032$1,722$1,042
16 years$3,039$2,573$2,168$1,819$1,522$884
17 years$2,831$2,369$1,973$1,635$1,349$752
18 years$2,646$2,189$1,801$1,473$1,200$641
19 years$2,480$2,029$1,648$1,331$1,069$547
20 years$2,331$1,885$1,513$1,206$955$468
21 years$2,197$1,756$1,392$1,094$855$401
22 years$2,075$1,639$1,283$995$766$344
23 years$1,964$1,533$1,184$906$688$295
24 years$1,862$1,437$1,095$826$618$253
25 years$1,769$1,348$1,014$755$556$218
26 years$1,682$1,267$941$690$501$187
27 years$1,603$1,192$874$632$452$161
28 years$1,529$1,124$812$579$408$139
29 years$1,460$1,060$756$531$368$119
30 years$1,396$1,001$704$487$333$103
31 years$1,337$946$656$447$301$88
32 years$1,281$895$612$411$272$76
33 years$1,229$848$572$378$246$66
34 years$1,179$804$534$348$223$57
35 years$1,133$762$499$320$202$49
36 years$1,090$724$467$295$183$42
37 years$1,048$687$437$272$166$36
38 years$1,010$653$409$250$150$31
39 years$973$621$384$231$136$27
40 years$938$591$360$213$124$23
41 years$905$562$337$196$112$20
42 years$873$536$316$181$102$17
43 years$844$510$297$167$92$15
44 years$815$486$279$155$84$13
45 years$788$464$262$143$76$11
46 years$762$443$246$132$69$10
47 years$737$422$231$122$63$8
48 years$714$403$217$113$57$7
49 years$691$385$204$104$52$6
50 years$670$368$192$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $686,000, adding $3,094 every year, while hoping to spend $56,764 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: 57/16/27 Blend
60$686,000$686,000$686,000$686,000
61$759,163$722,805$712,172$796,665
62$776,202$697,826$675,634$797,750
63$793,075$669,721$635,969$792,706
64$809,708$638,276$593,012$786,036
65$826,012$603,266$546,592$777,600
66$841,892$564,452$496,530$767,248
67$857,237$521,583$442,636$754,814
68$871,927$474,392$384,715$740,125
69$885,823$422,596$322,563$722,989
70$898,772$365,899$255,964$703,200
71$910,604$303,986$184,697$680,537
72$921,128$236,523$108,526$654,758
73$930,132$163,161$27,210$625,604
74$937,377$83,528$0$592,793
75$942,602$0$0$573,180
76$945,512$0$0$559,243
77$945,782$0$0$558,321
78$943,050$0$0$555,478
79$936,914$0$0$550,462
80$926,929$0$0$542,992
81$912,601$0$0$532,755
82$893,383$0$0$519,408
83$868,666$0$0$502,567
84$837,779$0$0$481,809
85$799,978$0$0$456,664
86$754,438$0$0$426,615
87$700,249$0$0$391,088
88$636,401$0$0$349,446
89$561,779$0$0$300,989
90$475,151$0$0$244,940
91$375,153$0$0$180,441
92$260,279$0$0$106,545
93$128,864$0$0$22,204
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0