Can I retire at age 61 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$56,732$56,226$55,733$55,252$54,782$53,786
2 years$28,085$27,562$27,055$26,564$26,087$25,087
3 years$18,537$18,012$17,506$17,020$16,551$15,578
4 years$13,764$13,241$12,740$12,262$11,804$10,866
5 years$10,901$10,381$9,887$9,418$8,973$8,073
6 years$8,993$8,477$7,990$7,532$7,100$6,238
7 years$7,631$7,119$6,640$6,192$5,774$4,951
8 years$6,610$6,102$5,631$5,195$4,790$4,005
9 years$5,816$5,313$4,850$4,425$4,034$3,287
10 years$5,181$4,683$4,228$3,814$3,437$2,728
11 years$4,662$4,169$3,723$3,319$2,956$2,283
12 years$4,230$3,742$3,304$2,912$2,562$1,924
13 years$3,864$3,382$2,952$2,570$2,234$1,631
14 years$3,552$3,074$2,652$2,282$1,958$1,389
15 years$3,281$2,808$2,394$2,035$1,724$1,187
16 years$3,044$2,576$2,171$1,822$1,524$1,018
17 years$2,835$2,373$1,975$1,637$1,351$876
18 years$2,649$2,192$1,803$1,475$1,201$755
19 years$2,484$2,032$1,651$1,333$1,071$652
20 years$2,335$1,888$1,515$1,207$956$564
21 years$2,200$1,759$1,394$1,096$856$488
22 years$2,078$1,642$1,284$996$767$423
23 years$1,967$1,535$1,186$907$689$368
24 years$1,865$1,439$1,097$828$619$319
25 years$1,771$1,350$1,016$756$557$278
26 years$1,685$1,269$942$691$502$242
27 years$1,605$1,194$875$633$452$210
28 years$1,531$1,125$813$580$408$183
29 years$1,462$1,062$757$531$369$160
30 years$1,398$1,003$705$488$333$139
31 years$1,339$948$657$448$301$122
32 years$1,283$897$613$412$272$106
33 years$1,230$849$573$379$246$92
34 years$1,181$805$535$348$223$81
35 years$1,135$763$500$321$202$70
36 years$1,091$725$468$295$183$62
37 years$1,050$688$438$272$166$54
38 years$1,011$654$410$251$150$47
39 years$974$622$384$231$136$41
40 years$939$592$360$213$124$36
41 years$906$563$338$197$112$31
42 years$875$536$317$182$102$27
43 years$845$511$297$168$92$24
44 years$816$487$279$155$84$21
45 years$789$465$262$143$76$18
46 years$763$443$246$132$69$16
47 years$739$423$231$122$63$14
48 years$715$404$217$113$57$12
49 years$692$386$204$104$52$11
50 years$671$368$192$96$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $687,000, adding $6,022 every year, while hoping to spend $37,714 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: 21/50/29 Blend
60$687,000$687,000$687,000$687,000
61$763,286$726,875$716,226$772,203
62$801,013$722,364$700,092$776,311
63$841,325$716,369$682,154$777,189
64$884,445$708,775$662,311$777,311
65$930,619$699,465$640,458$776,638
66$980,114$688,312$616,486$775,135
67$1,033,228$675,181$590,280$772,764
68$1,090,282$659,930$561,720$769,491
69$1,151,634$642,410$530,681$765,282
70$1,217,673$622,460$497,031$760,103
71$1,288,829$599,913$460,634$753,926
72$1,365,571$574,591$421,347$746,722
73$1,448,417$546,304$379,020$738,467
74$1,537,936$514,853$333,497$729,142
75$1,634,751$480,026$284,616$718,733
76$1,739,550$441,602$232,205$707,229
77$1,853,088$399,344$176,087$694,628
78$1,976,193$353,002$116,076$680,937
79$2,109,779$302,313$51,979$666,170
80$2,254,849$246,999$0$650,352
81$2,412,507$186,766$0$638,605
82$2,583,968$121,303$0$643,393
83$2,770,567$50,281$0$648,751
84$2,973,776$0$0$654,839
85$3,195,210$0$0$676,496
86$3,436,652$0$0$730,388
87$3,700,059$0$0$789,301
88$3,987,590$0$0$853,732
89$4,301,617$0$0$924,228
90$4,644,756$0$0$1,001,393
91$5,019,882$0$0$1,085,889
92$5,430,163$0$0$1,178,448
93$5,879,089$0$0$1,279,875
94$6,370,499$0$0$1,391,057
95$6,908,623$0$0$1,512,968
96$7,498,117$0$0$1,646,686
97$8,144,112$0$0$1,793,393
98$8,852,256$0$0$1,954,395
99$9,628,770$0$0$2,131,129
100$10,480,506$0$0$2,325,177