Can I retire at age 61 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$53,098$52,625$52,164$51,714$51,274$50,887
2 years$26,286$25,797$25,322$24,862$24,416$24,026
3 years$17,350$16,858$16,385$15,929$15,491$15,109
4 years$12,883$12,393$11,924$11,476$11,048$10,678
5 years$10,203$9,716$9,254$8,815$8,399$8,042
6 years$8,417$7,934$7,478$7,049$6,645$6,302
7 years$7,142$6,663$6,215$5,796$5,405$5,075
8 years$6,186$5,711$5,270$4,862$4,484$4,168
9 years$5,443$4,973$4,539$4,141$3,776$3,473
10 years$4,849$4,383$3,958$3,570$3,217$2,928
11 years$4,364$3,902$3,484$3,107$2,767$2,491
12 years$3,959$3,502$3,092$2,725$2,398$2,134
13 years$3,617$3,165$2,763$2,406$2,091$1,840
14 years$3,324$2,877$2,482$2,136$1,833$1,594
15 years$3,070$2,628$2,241$1,905$1,614$1,387
16 years$2,849$2,411$2,032$1,705$1,426$1,211
17 years$2,653$2,221$1,849$1,532$1,265$1,061
18 years$2,480$2,052$1,688$1,381$1,124$931
19 years$2,325$1,902$1,545$1,248$1,002$820
20 years$2,185$1,767$1,418$1,130$895$723
21 years$2,059$1,646$1,304$1,026$801$638
22 years$1,945$1,537$1,202$933$718$565
23 years$1,841$1,437$1,110$849$645$500
24 years$1,745$1,347$1,027$775$579$443
25 years$1,658$1,264$951$707$521$394
26 years$1,577$1,188$882$647$470$350
27 years$1,502$1,118$819$592$423$311
28 years$1,433$1,053$761$542$382$276
29 years$1,369$994$708$497$345$246
30 years$1,309$938$660$456$312$219
31 years$1,253$887$615$419$282$195
32 years$1,201$839$574$385$255$174
33 years$1,152$795$536$354$231$155
34 years$1,105$753$501$326$209$138
35 years$1,062$715$468$300$189$124
36 years$1,021$678$438$276$171$110
37 years$983$644$410$255$155$98
38 years$946$612$384$235$141$88
39 years$912$582$360$216$128$79
40 years$879$554$337$200$116$70
41 years$848$527$316$184$105$63
42 years$819$502$296$170$95$56
43 years$791$478$278$157$87$50
44 years$764$456$261$145$79$45
45 years$739$435$245$134$71$40
46 years$714$415$230$124$65$36
47 years$691$396$216$114$59$32
48 years$669$378$203$106$53$29
49 years$648$361$191$98$49$26
50 years$628$345$180$90$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $643,000, adding $2,973 every year, while hoping to spend $22,673 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: 49/31/20 Blend
60$643,000$643,000$643,000$643,000
61$711,653$677,574$667,607$742,392
62$760,117$686,651$665,848$773,105
63$812,765$695,413$663,270$803,905
64$870,000$703,821$659,822$836,888
65$932,264$711,832$655,450$872,269
66$1,000,044$719,401$650,097$910,284
67$1,073,879$726,481$643,705$951,196
68$1,154,356$733,021$636,212$995,294
69$1,242,128$738,966$627,551$1,042,898
70$1,337,907$744,258$617,657$1,094,360
71$1,442,483$748,836$606,458$1,150,072
72$1,556,720$752,633$593,878$1,210,465
73$1,681,574$755,580$579,841$1,276,015
74$1,818,093$757,602$564,265$1,347,248
75$1,967,436$758,622$547,064$1,424,745
76$2,130,873$758,553$528,150$1,509,148
77$2,309,809$757,309$507,430$1,601,166
78$2,505,786$754,793$484,805$1,701,582
79$2,720,504$750,906$460,174$1,811,260
80$2,955,836$745,541$433,431$1,931,155
81$3,213,844$738,586$404,463$2,062,320
82$3,496,799$729,919$373,156$2,205,919
83$3,807,202$719,415$339,386$2,363,236
84$4,147,809$706,939$303,028$2,535,689
85$4,521,654$692,347$263,948$2,724,844
86$4,932,081$675,491$222,008$2,932,427
87$5,382,772$656,208$177,064$3,160,345
88$5,877,783$634,331$128,964$3,410,703
89$6,421,583$609,679$77,551$3,685,824
90$7,019,096$582,064$22,660$3,988,268
91$7,675,743$551,286$0$4,320,866
92$8,397,501$517,131$0$4,694,401
93$9,190,952$479,375$0$5,110,311
94$10,063,346$437,782$0$5,567,593
95$11,022,675$392,101$0$6,070,480
96$12,077,741$342,067$0$6,623,639
97$13,238,242$287,400$0$7,232,215
98$14,514,865$227,804$0$7,901,882
99$15,919,382$162,967$0$8,638,896
100$17,464,766$92,560$0$9,450,154