Can I retire at age 61 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$53,924$53,444$52,975$52,518$52,071$50,084
2 years$26,695$26,198$25,716$25,249$24,796$22,817
3 years$17,620$17,121$16,640$16,177$15,731$13,824
4 years$13,083$12,585$12,110$11,655$11,220$9,398
5 years$10,362$9,867$9,398$8,952$8,529$6,797
6 years$8,548$8,057$7,595$7,159$6,749$5,108
7 years$7,253$6,766$6,311$5,886$5,489$3,938
8 years$6,283$5,800$5,352$4,937$4,553$3,092
9 years$5,528$5,050$4,610$4,206$3,835$2,460
10 years$4,925$4,451$4,019$3,625$3,267$1,978
11 years$4,431$3,963$3,538$3,155$2,810$1,602
12 years$4,021$3,557$3,140$2,767$2,435$1,306
13 years$3,673$3,214$2,806$2,443$2,123$1,069
14 years$3,376$2,922$2,521$2,169$1,861$879
15 years$3,118$2,669$2,276$1,934$1,639$725
16 years$2,893$2,449$2,063$1,732$1,448$599
17 years$2,695$2,255$1,878$1,556$1,284$497
18 years$2,518$2,084$1,714$1,402$1,142$412
19 years$2,361$1,931$1,569$1,267$1,018$343
20 years$2,219$1,795$1,440$1,148$909$285
21 years$2,091$1,672$1,325$1,042$814$237
22 years$1,975$1,560$1,221$947$729$198
23 years$1,869$1,459$1,127$862$655$165
24 years$1,773$1,367$1,042$787$588$138
25 years$1,684$1,283$966$718$529$115
26 years$1,602$1,206$896$657$477$96
27 years$1,526$1,135$832$601$430$80
28 years$1,455$1,070$773$551$388$67
29 years$1,390$1,009$719$505$350$56
30 years$1,329$953$670$464$317$47
31 years$1,272$901$625$426$286$39
32 years$1,219$852$583$391$259$33
33 years$1,169$807$544$360$234$27
34 years$1,123$765$508$331$212$23
35 years$1,079$726$475$305$192$19
36 years$1,037$689$445$281$174$16
37 years$998$654$416$259$158$13
38 years$961$622$390$238$143$11
39 years$926$591$365$220$130$9
40 years$893$562$342$203$118$8
41 years$861$535$321$187$107$7
42 years$831$510$301$173$97$6
43 years$803$486$283$159$88$5
44 years$776$463$265$147$80$4
45 years$750$442$249$136$72$3
46 years$725$421$234$126$66$3
47 years$702$402$220$116$60$2
48 years$680$384$206$107$54$2
49 years$658$366$194$99$49$2
50 years$638$350$182$92$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $653,000, adding $5,053 every year, while hoping to spend $21,408 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: 60/23/17 Blend
60$653,000$653,000$653,000$653,000
61$724,818$690,209$680,088$764,857
62$775,972$701,251$680,093$803,533
63$831,625$712,117$679,380$842,883
64$892,216$722,776$677,904$885,316
65$958,223$733,193$675,615$931,130
66$1,030,175$743,333$672,461$980,659
67$1,108,654$753,157$668,390$1,034,268
68$1,194,300$762,625$663,345$1,092,361
69$1,287,818$771,693$657,266$1,155,382
70$1,389,983$780,314$650,092$1,223,823
71$1,501,649$788,437$641,758$1,298,224
72$1,623,757$796,010$632,197$1,379,183
73$1,757,342$802,976$621,337$1,467,358
74$1,903,542$809,274$609,103$1,563,475
75$2,063,615$814,839$595,419$1,668,335
76$2,238,941$819,603$580,203$1,782,821
77$2,431,042$823,494$563,369$1,907,906
78$2,641,595$826,432$544,829$2,044,664
79$2,872,447$828,335$524,489$2,194,281
80$3,125,629$829,117$502,253$2,358,062
81$3,403,382$828,682$478,017$2,537,447
82$3,708,173$826,933$451,676$2,734,026
83$4,042,718$823,765$423,119$2,949,549
84$4,410,010$819,064$392,228$3,185,949
85$4,813,347$812,714$358,884$3,445,356
86$5,256,360$804,588$322,958$3,730,118
87$5,743,049$794,554$284,318$4,042,825
88$6,277,823$782,470$242,825$4,386,334
89$6,865,537$768,187$198,336$4,763,794
90$7,511,541$751,547$150,699$5,178,676
91$8,221,726$732,381$99,756$5,634,810
92$9,002,587$710,513$45,342$6,136,417
93$9,861,276$685,753$0$6,688,151
94$10,805,675$657,904$0$7,297,452
95$11,844,467$626,754$0$7,976,597
96$12,987,219$592,082$0$8,723,624
97$14,244,473$553,651$0$9,545,447
98$15,627,841$511,212$0$10,449,684
99$17,150,122$464,502$0$11,444,733
100$18,825,415$413,244$0$12,539,849