Can I retire at age 61 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$53,759$53,280$52,813$52,357$51,912$49,990
2 years$26,613$26,118$25,637$25,172$24,720$22,806
3 years$17,566$17,068$16,589$16,128$15,683$13,837
4 years$13,043$12,547$12,073$11,619$11,185$9,421
5 years$10,330$9,837$9,369$8,925$8,503$6,824
6 years$8,522$8,033$7,571$7,137$6,728$5,137
7 years$7,231$6,746$6,292$5,868$5,472$3,967
8 years$6,263$5,782$5,336$4,922$4,539$3,121
9 years$5,511$5,035$4,596$4,193$3,823$2,488
10 years$4,910$4,438$4,007$3,614$3,257$2,003
11 years$4,418$3,951$3,528$3,145$2,801$1,626
12 years$4,008$3,546$3,131$2,759$2,428$1,328
13 years$3,662$3,204$2,797$2,436$2,117$1,090
14 years$3,365$2,913$2,513$2,162$1,856$898
15 years$3,109$2,661$2,269$1,928$1,634$742
16 years$2,884$2,441$2,057$1,727$1,444$615
17 years$2,686$2,248$1,872$1,551$1,280$511
18 years$2,511$2,078$1,709$1,398$1,138$425
19 years$2,354$1,925$1,564$1,263$1,015$354
20 years$2,213$1,789$1,436$1,144$906$295
21 years$2,085$1,667$1,321$1,038$811$246
22 years$1,969$1,556$1,217$944$727$206
23 years$1,864$1,455$1,124$860$653$172
24 years$1,767$1,363$1,039$784$587$144
25 years$1,678$1,279$963$716$528$120
26 years$1,597$1,202$893$655$475$101
27 years$1,521$1,132$829$599$429$84
28 years$1,451$1,066$771$549$387$71
29 years$1,386$1,006$717$504$349$59
30 years$1,325$950$668$462$316$50
31 years$1,269$898$623$424$285$42
32 years$1,216$850$581$390$258$35
33 years$1,166$805$543$359$234$29
34 years$1,119$763$507$330$211$25
35 years$1,075$723$474$304$192$21
36 years$1,034$687$443$280$174$17
37 years$995$652$415$258$157$14
38 years$958$620$389$238$143$12
39 years$923$589$364$219$129$10
40 years$890$561$341$202$117$9
41 years$859$534$320$186$106$7
42 years$829$508$300$172$97$6
43 years$800$484$282$159$88$5
44 years$773$462$264$147$80$4
45 years$748$440$248$135$72$4
46 years$723$420$233$125$66$3
47 years$700$401$219$116$60$2
48 years$677$383$206$107$54$2
49 years$656$365$193$99$49$2
50 years$636$349$182$91$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $651,000, adding $2,604 every year, while hoping to spend $42,982 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: 80/14/6 Blend
60$651,000$651,000$651,000$651,000
61$720,088$685,585$675,495$777,159
62$747,804$673,446$652,391$802,759
63$776,907$659,272$627,073$824,895
64$807,493$642,917$599,421$847,877
65$839,665$624,228$569,310$871,767
66$873,538$603,043$536,609$896,633
67$909,236$579,188$501,182$922,551
68$946,892$552,482$462,885$949,605
69$986,654$522,733$421,571$977,885
70$1,028,681$489,736$377,082$1,007,494
71$1,073,150$453,276$329,257$1,038,544
72$1,120,249$413,125$277,926$1,071,159
73$1,170,189$369,042$222,910$1,105,478
74$1,223,196$320,773$164,026$1,141,652
75$1,279,519$268,048$101,078$1,179,850
76$1,339,432$210,584$33,866$1,220,257
77$1,403,232$148,080$0$1,263,079
78$1,471,246$80,220$0$1,310,969
79$1,543,830$6,669$0$1,364,225
80$1,621,378$0$0$1,420,971
81$1,704,318$0$0$1,492,766
82$1,793,121$0$0$1,570,747
83$1,888,304$0$0$1,654,343
84$1,990,432$0$0$1,744,052
85$2,100,126$0$0$1,840,421
86$2,218,070$0$0$1,944,053
87$2,345,012$0$0$2,055,605
88$2,481,774$0$0$2,175,804
89$2,629,259$0$0$2,305,445
90$2,788,459$0$0$2,445,401
91$2,960,464$0$0$2,596,635
92$3,146,473$0$0$2,760,201
93$3,347,802$0$0$2,937,261
94$3,565,899$0$0$3,129,089
95$3,802,356$0$0$3,337,089
96$4,058,922$0$0$3,562,803
97$4,337,523$0$0$3,807,928
98$4,640,276$0$0$4,074,330
99$4,969,510$0$0$4,364,061
100$5,327,787$0$0$4,679,381