Can I retire at age 61 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$50,538$50,088$49,649$49,220$48,802$48,232
2 years$25,019$24,553$24,101$23,664$23,239$22,665
3 years$16,514$16,046$15,595$15,162$14,744$14,184
4 years$12,262$11,795$11,349$10,923$10,515$9,974
5 years$9,711$9,248$8,808$8,390$7,994$7,472
6 years$8,012$7,551$7,118$6,709$6,325$5,825
7 years$6,798$6,342$5,915$5,516$5,144$4,664
8 years$5,888$5,436$5,016$4,627$4,267$3,808
9 years$5,181$4,733$4,321$3,942$3,594$3,155
10 years$4,615$4,172$3,767$3,398$3,062$2,644
11 years$4,153$3,714$3,316$2,957$2,633$2,235
12 years$3,768$3,333$2,943$2,594$2,282$1,903
13 years$3,443$3,012$2,629$2,290$1,990$1,630
14 years$3,164$2,738$2,363$2,033$1,744$1,403
15 years$2,922$2,501$2,133$1,813$1,536$1,213
16 years$2,711$2,295$1,934$1,623$1,357$1,052
17 years$2,525$2,114$1,760$1,458$1,204$915
18 years$2,360$1,953$1,606$1,314$1,070$798
19 years$2,213$1,810$1,471$1,188$954$697
20 years$2,080$1,682$1,350$1,076$852$610
21 years$1,960$1,567$1,241$976$762$535
22 years$1,851$1,463$1,144$888$683$469
23 years$1,752$1,368$1,056$808$614$413
24 years$1,661$1,282$977$737$551$363
25 years$1,578$1,203$905$673$496$320
26 years$1,501$1,130$839$616$447$282
27 years$1,430$1,064$779$563$403$249
28 years$1,364$1,002$725$516$364$219
29 years$1,303$946$674$473$328$194
30 years$1,246$893$628$434$297$171
31 years$1,193$844$585$399$268$151
32 years$1,143$799$546$367$243$134
33 years$1,096$757$510$337$220$118
34 years$1,052$717$477$310$199$105
35 years$1,011$680$446$286$180$93
36 years$972$645$417$263$163$82
37 years$935$613$390$242$148$72
38 years$901$583$365$223$134$64
39 years$868$554$342$206$122$57
40 years$837$527$321$190$110$50
41 years$807$502$301$175$100$45
42 years$779$478$282$162$91$39
43 years$753$455$265$149$82$35
44 years$727$434$249$138$75$31
45 years$703$414$233$127$68$27
46 years$680$395$219$118$62$24
47 years$658$377$206$109$56$22
48 years$637$360$194$100$51$19
49 years$617$343$182$93$46$17
50 years$598$328$171$86$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $612,000, adding $5,373 every year, while hoping to spend $41,431 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: 70/14/16 Blend
60$612,000$612,000$612,000$612,000
61$679,966$647,530$638,044$724,666
62$705,241$635,177$615,336$742,743
63$731,704$620,830$590,479$757,056
64$759,435$604,347$563,357$771,661
65$788,517$585,580$533,849$786,583
66$819,041$564,368$501,828$801,846
67$851,106$540,546$467,163$817,482
68$884,821$513,934$429,715$833,525
69$920,302$484,347$389,340$850,013
70$957,677$451,583$345,886$866,991
71$997,084$415,435$299,198$884,510
72$1,038,675$375,680$249,110$902,626
73$1,082,615$332,084$195,450$921,404
74$1,129,084$284,398$138,040$940,917
75$1,178,278$232,361$76,692$961,247
76$1,230,412$175,696$11,210$982,486
77$1,285,719$114,111$0$1,004,740
78$1,344,457$47,297$0$1,038,142
79$1,406,906$0$0$1,075,500
80$1,473,371$0$0$1,118,947
81$1,544,189$0$0$1,173,022
82$1,619,728$0$0$1,230,720
83$1,700,389$0$0$1,292,352
84$1,786,615$0$0$1,358,257
85$1,878,888$0$0$1,428,809
86$1,977,739$0$0$1,504,415
87$2,083,751$0$0$1,585,524
88$2,197,560$0$0$1,672,627
89$2,319,867$0$0$1,766,264
90$2,451,442$0$0$1,867,028
91$2,593,129$0$0$1,975,568
92$2,745,854$0$0$2,092,600
93$2,910,636$0$0$2,218,908
94$3,088,594$0$0$2,355,355
95$3,280,958$0$0$2,502,888
96$3,489,079$0$0$2,662,549
97$3,714,442$0$0$2,835,483
98$3,958,680$0$0$3,022,949
99$4,223,590$0$0$3,226,331
100$4,511,146$0$0$3,447,151