Can I retire at age 61 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$51,860$51,398$50,947$50,507$50,078$49,127
2 years$25,673$25,195$24,732$24,282$23,846$22,892
3 years$16,945$16,465$16,003$15,558$15,129$14,201
4 years$12,582$12,104$11,646$11,209$10,790$9,896
5 years$9,965$9,489$9,038$8,609$8,203$7,344
6 years$8,221$7,749$7,304$6,885$6,490$5,669
7 years$6,976$6,507$6,070$5,660$5,278$4,494
8 years$6,042$5,578$5,147$4,748$4,379$3,632
9 years$5,316$4,857$4,434$4,045$3,688$2,977
10 years$4,736$4,281$3,865$3,486$3,142$2,467
11 years$4,262$3,811$3,403$3,034$2,702$2,063
12 years$3,867$3,421$3,020$2,661$2,342$1,736
13 years$3,533$3,091$2,698$2,350$2,042$1,470
14 years$3,247$2,810$2,424$2,086$1,790$1,250
15 years$2,999$2,567$2,189$1,860$1,576$1,067
16 years$2,782$2,355$1,984$1,666$1,393$914
17 years$2,591$2,169$1,806$1,496$1,235$785
18 years$2,422$2,004$1,648$1,349$1,098$675
19 years$2,271$1,857$1,509$1,219$979$582
20 years$2,134$1,726$1,385$1,104$874$503
21 years$2,011$1,608$1,274$1,002$782$435
22 years$1,900$1,501$1,174$911$701$377
23 years$1,798$1,404$1,084$829$630$326
24 years$1,705$1,315$1,003$756$566$283
25 years$1,619$1,234$929$691$509$246
26 years$1,540$1,160$861$632$459$214
27 years$1,467$1,092$800$578$414$186
28 years$1,400$1,029$743$530$373$161
29 years$1,337$970$692$486$337$141
30 years$1,278$916$644$446$304$122
31 years$1,224$866$601$409$275$106
32 years$1,173$820$561$376$249$93
33 years$1,125$776$523$346$225$81
34 years$1,080$736$489$318$204$70
35 years$1,037$698$457$293$185$61
36 years$997$662$428$270$167$53
37 years$960$629$400$249$152$47
38 years$924$598$375$229$138$41
39 years$890$569$351$211$125$35
40 years$859$541$329$195$113$31
41 years$828$515$309$180$103$27
42 years$800$490$290$166$93$24
43 years$772$467$272$153$85$21
44 years$746$445$255$141$77$18
45 years$721$425$239$131$70$16
46 years$698$405$225$121$63$14
47 years$675$387$211$112$57$12
48 years$654$369$199$103$52$10
49 years$633$352$187$95$47$9
50 years$613$337$175$88$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $628,000, adding $4,520 every year, while hoping to spend $42,176 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: 50/33/17 Blend
60$628,000$628,000$628,000$628,000
61$696,718$663,434$653,700$728,065
62$722,909$651,068$630,724$737,788
63$750,357$636,682$605,565$743,614
64$779,147$620,132$578,105$749,030
65$809,369$601,268$548,221$754,012
66$841,123$579,928$515,784$758,535
67$874,515$555,943$480,661$762,576
68$909,663$529,131$442,710$766,114
69$946,693$499,303$401,785$769,126
70$985,743$466,257$357,733$771,591
71$1,026,966$429,780$310,394$773,492
72$1,070,524$389,647$259,600$774,812
73$1,116,598$345,620$205,176$775,536
74$1,165,382$297,447$146,942$775,654
75$1,217,093$244,863$84,705$775,158
76$1,271,962$187,587$18,269$774,045
77$1,330,245$125,322$0$772,317
78$1,392,223$57,755$0$779,528
79$1,458,200$0$0$790,304
80$1,528,512$0$0$806,998
81$1,603,526$0$0$847,221
82$1,683,643$0$0$890,221
83$1,769,303$0$0$936,240
84$1,860,990$0$0$985,542
85$1,959,232$0$0$1,038,418
86$2,064,609$0$0$1,095,186
87$2,177,760$0$0$1,156,196
88$2,299,383$0$0$1,221,832
89$2,430,245$0$0$1,292,515
90$2,571,190$0$0$1,368,709
91$2,723,142$0$0$1,450,922
92$2,887,118$0$0$1,539,713
93$3,064,236$0$0$1,635,696
94$3,255,723$0$0$1,739,545
95$3,462,928$0$0$1,852,003
96$3,687,335$0$0$1,973,885
97$3,930,573$0$0$2,106,087
98$4,194,436$0$0$2,249,596
99$4,480,895$0$0$2,405,497
100$4,792,121$0$0$2,574,983