Can I retire at age 61 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$53,263$52,789$52,326$51,874$51,433$50,896
2 years$26,368$25,877$25,401$24,940$24,492$23,951
3 years$17,404$16,911$16,436$15,979$15,539$15,011
4 years$12,923$12,431$11,961$11,512$11,082$10,572
5 years$10,235$9,746$9,282$8,842$8,425$7,932
6 years$8,444$7,959$7,502$7,071$6,666$6,193
7 years$7,165$6,684$6,234$5,814$5,421$4,968
8 years$6,206$5,729$5,287$4,877$4,498$4,063
9 years$5,460$4,988$4,554$4,154$3,788$3,372
10 years$4,864$4,397$3,970$3,581$3,227$2,831
11 years$4,377$3,914$3,495$3,116$2,775$2,398
12 years$3,971$3,513$3,102$2,734$2,405$2,046
13 years$3,628$3,175$2,771$2,413$2,097$1,756
14 years$3,334$2,886$2,490$2,142$1,839$1,514
15 years$3,080$2,636$2,248$1,911$1,619$1,311
16 years$2,858$2,419$2,038$1,711$1,431$1,139
17 years$2,662$2,228$1,855$1,537$1,269$993
18 years$2,488$2,058$1,693$1,385$1,128$868
19 years$2,332$1,908$1,550$1,252$1,005$760
20 years$2,192$1,773$1,422$1,134$898$667
21 years$2,066$1,651$1,308$1,029$804$586
22 years$1,951$1,541$1,206$935$720$515
23 years$1,847$1,442$1,113$852$647$454
24 years$1,751$1,351$1,030$777$581$400
25 years$1,663$1,268$954$710$523$353
26 years$1,582$1,191$885$649$471$312
27 years$1,507$1,121$821$594$425$276
28 years$1,438$1,056$764$544$383$244
29 years$1,373$997$711$499$346$216
30 years$1,313$941$662$458$313$191
31 years$1,257$890$617$421$283$170
32 years$1,204$842$576$387$256$150
33 years$1,155$797$538$355$231$133
34 years$1,109$756$502$327$210$118
35 years$1,065$717$470$301$190$105
36 years$1,024$680$439$277$172$93
37 years$986$646$411$255$156$83
38 years$949$614$385$235$141$73
39 years$915$584$361$217$128$65
40 years$882$556$338$200$116$58
41 years$851$529$317$185$105$51
42 years$821$504$297$171$96$46
43 years$793$480$279$157$87$40
44 years$766$457$262$145$79$36
45 years$741$436$246$134$72$32
46 years$717$416$231$124$65$28
47 years$693$397$217$115$59$25
48 years$671$379$204$106$54$22
49 years$650$362$192$98$49$20
50 years$630$346$180$90$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $645,000, adding $5,277 every year, while hoping to spend $47,505 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: 41/31/28 Blend
60$645,000$645,000$645,000$645,000
61$716,233$682,048$672,051$739,520
62$738,744$664,924$644,019$739,728
63$761,959$645,368$613,457$735,119
64$785,899$623,211$580,228$729,224
65$810,587$598,275$544,193$721,954
66$836,046$570,370$505,202$713,215
67$862,300$539,295$463,103$702,909
68$889,372$504,837$417,734$690,930
69$917,287$466,774$368,928$677,169
70$946,072$424,867$316,509$661,509
71$975,752$378,867$260,292$643,828
72$1,006,355$328,507$200,088$623,996
73$1,037,908$273,509$135,696$601,878
74$1,070,440$213,576$66,907$577,330
75$1,103,981$148,397$0$550,200
76$1,138,559$77,641$0$522,273
77$1,174,207$960$0$512,895
78$1,210,956$0$0$501,951
79$1,248,837$0$0$517,306
80$1,287,886$0$0$533,470
81$1,328,134$0$0$550,130
82$1,369,618$0$0$567,300
83$1,412,373$0$0$584,994
84$1,456,435$0$0$603,228
85$1,501,841$0$0$622,017
86$1,548,629$0$0$641,376
87$1,596,838$0$0$661,320
88$1,646,507$0$0$681,867
89$1,697,677$0$0$703,031
90$1,750,387$0$0$724,830
91$1,804,680$0$0$747,281
92$1,860,597$0$0$770,400
93$1,918,180$0$0$794,204
94$1,977,472$0$0$818,711
95$2,038,517$0$0$843,937
96$2,101,358$0$0$869,901
97$2,166,038$0$0$896,620
98$2,232,601$0$0$924,110
99$2,301,091$0$0$952,389
100$2,371,551$0$0$981,475