Can I retire at age 61 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$50,951$50,497$50,055$49,622$49,200$48,425
2 years$25,223$24,754$24,298$23,857$23,429$22,650
3 years$16,649$16,177$15,723$15,285$14,864$14,106
4 years$12,362$11,892$11,442$11,012$10,601$9,869
5 years$9,791$9,323$8,880$8,458$8,059$7,355
6 years$8,077$7,613$7,176$6,764$6,377$5,702
7 years$6,854$6,393$5,963$5,561$5,186$4,541
8 years$5,936$5,480$5,057$4,665$4,302$3,686
9 years$5,223$4,772$4,356$3,974$3,623$3,036
10 years$4,653$4,206$3,798$3,425$3,087$2,529
11 years$4,187$3,744$3,343$2,981$2,655$2,125
12 years$3,799$3,361$2,967$2,615$2,301$1,798
13 years$3,471$3,037$2,651$2,309$2,006$1,530
14 years$3,190$2,761$2,382$2,049$1,759$1,308
15 years$2,946$2,522$2,150$1,828$1,549$1,123
16 years$2,734$2,314$1,950$1,636$1,369$967
17 years$2,546$2,131$1,774$1,470$1,213$835
18 years$2,380$1,969$1,620$1,325$1,079$723
19 years$2,231$1,825$1,483$1,197$962$627
20 years$2,097$1,696$1,361$1,084$859$545
21 years$1,976$1,580$1,252$984$769$474
22 years$1,866$1,474$1,154$895$689$413
23 years$1,766$1,379$1,065$815$619$360
24 years$1,675$1,292$985$743$556$314
25 years$1,591$1,213$912$679$500$275
26 years$1,513$1,140$846$621$451$240
27 years$1,442$1,072$786$568$406$210
28 years$1,375$1,011$730$520$367$184
29 years$1,313$953$680$477$331$161
30 years$1,256$900$633$438$299$141
31 years$1,202$851$590$402$270$124
32 years$1,152$805$551$370$245$108
33 years$1,105$763$514$340$221$95
34 years$1,061$723$480$313$200$83
35 years$1,019$686$449$288$182$73
36 years$980$651$420$265$164$64
37 years$943$618$393$244$149$56
38 years$908$587$368$225$135$50
39 years$875$559$345$208$123$43
40 years$844$531$323$192$111$38
41 years$814$506$303$177$101$34
42 years$786$482$284$163$92$29
43 years$759$459$267$151$83$26
44 years$733$438$251$139$75$23
45 years$709$417$235$128$68$20
46 years$685$398$221$119$62$18
47 years$663$380$208$110$56$15
48 years$642$363$195$101$51$14
49 years$622$346$183$94$47$12
50 years$602$331$172$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $617,000, adding $3,339 every year, while hoping to spend $42,290 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: 45/41/14 Blend
60$617,000$617,000$617,000$617,000
61$683,378$650,677$641,114$711,256
62$708,087$637,564$617,595$717,890
63$733,898$622,391$591,871$720,542
64$760,880$605,013$563,823$722,493
65$789,106$585,275$533,327$723,696
66$818,655$563,014$500,254$724,100
67$849,614$538,057$464,469$723,655
68$882,076$510,223$425,829$722,307
69$916,141$479,318$384,188$720,004
70$951,920$445,137$339,391$716,689
71$989,532$407,465$291,277$712,305
72$1,029,107$366,073$239,677$706,794
73$1,070,785$320,720$184,416$700,098
74$1,114,721$271,152$125,310$692,155
75$1,161,082$217,098$62,167$682,907
76$1,210,051$158,274$0$672,292
77$1,261,827$94,379$0$661,029
78$1,316,626$25,097$0$658,239
79$1,374,687$0$0$654,600
80$1,436,269$0$0$672,605
81$1,501,655$0$0$703,782
82$1,571,156$0$0$736,959
83$1,645,110$0$0$772,304
84$1,723,889$0$0$810,000
85$1,807,899$0$0$850,247
86$1,897,586$0$0$893,265
87$1,993,437$0$0$939,293
88$2,095,987$0$0$988,596
89$2,205,822$0$0$1,041,464
90$2,323,587$0$0$1,098,212
91$2,449,985$0$0$1,159,190
92$2,585,792$0$0$1,224,781
93$2,731,858$0$0$1,295,403
94$2,889,115$0$0$1,371,518
95$3,058,588$0$0$1,453,632
96$3,241,403$0$0$1,542,302
97$3,438,797$0$0$1,638,139
98$3,652,129$0$0$1,741,814
99$3,882,891$0$0$1,854,067
100$4,132,726$0$0$1,975,709