Can I retire at age 61 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$54,007$53,526$53,056$52,598$52,151$50,241
2 years$26,736$26,238$25,755$25,288$24,834$22,930
3 years$17,647$17,147$16,666$16,202$15,756$13,919
4 years$13,103$12,605$12,128$11,673$11,237$9,481
5 years$10,378$9,882$9,412$8,966$8,542$6,872
6 years$8,561$8,070$7,606$7,170$6,759$5,176
7 years$7,265$6,777$6,321$5,895$5,497$4,000
8 years$6,292$5,809$5,361$4,945$4,560$3,148
9 years$5,537$5,058$4,617$4,212$3,840$2,511
10 years$4,932$4,458$4,025$3,631$3,272$2,023
11 years$4,438$3,969$3,544$3,160$2,814$1,643
12 years$4,027$3,562$3,145$2,772$2,439$1,343
13 years$3,679$3,219$2,810$2,447$2,127$1,103
14 years$3,381$2,926$2,525$2,172$1,864$909
15 years$3,123$2,673$2,279$1,937$1,641$752
16 years$2,897$2,453$2,067$1,735$1,451$624
17 years$2,699$2,259$1,881$1,558$1,286$518
18 years$2,522$2,087$1,717$1,404$1,144$431
19 years$2,365$1,934$1,572$1,269$1,019$360
20 years$2,223$1,797$1,442$1,149$911$300
21 years$2,095$1,674$1,327$1,043$815$251
22 years$1,978$1,563$1,223$948$730$210
23 years$1,872$1,462$1,129$864$656$175
24 years$1,775$1,370$1,044$788$589$147
25 years$1,686$1,285$967$719$530$123
26 years$1,604$1,208$897$658$478$103
27 years$1,528$1,137$833$602$431$86
28 years$1,458$1,071$774$552$389$72
29 years$1,392$1,011$720$506$351$61
30 years$1,331$954$671$464$317$51
31 years$1,274$902$626$426$287$43
32 years$1,221$854$584$392$259$36
33 years$1,171$808$545$360$235$30
34 years$1,124$766$509$332$212$25
35 years$1,080$727$476$305$192$21
36 years$1,039$690$445$281$174$18
37 years$999$655$417$259$158$15
38 years$962$623$390$239$143$13
39 years$927$592$366$220$130$11
40 years$894$563$343$203$118$9
41 years$863$536$321$187$107$7
42 years$833$511$302$173$97$6
43 years$804$487$283$160$88$5
44 years$777$464$266$147$80$4
45 years$751$442$249$136$73$4
46 years$727$422$234$126$66$3
47 years$703$403$220$116$60$3
48 years$681$384$207$107$54$2
49 years$659$367$194$99$49$2
50 years$639$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $654,000, adding $5,214 every year, while hoping to spend $28,721 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: 23/48/29 Blend
60$654,000$654,000$654,000$654,000
61$726,086$691,424$681,287$736,067
62$769,588$694,745$673,551$748,484
63$816,565$697,266$664,594$759,030
64$867,340$698,918$654,343$769,715
65$922,270$699,626$642,725$780,570
66$981,746$699,313$629,661$791,632
67$1,046,199$697,894$615,070$802,942
68$1,116,103$695,282$598,866$814,552
69$1,191,977$691,382$580,960$826,518
70$1,274,394$686,095$561,257$838,908
71$1,363,984$679,316$539,661$851,800
72$1,461,440$670,932$516,069$865,280
73$1,567,523$660,824$490,374$879,452
74$1,683,073$648,867$462,465$894,431
75$1,809,013$634,928$432,223$910,348
76$1,946,358$618,865$399,528$927,354
77$2,096,226$600,529$364,252$945,618
78$2,259,848$579,761$326,261$965,334
79$2,438,578$556,395$285,417$986,717
80$2,633,907$530,254$241,573$1,010,014
81$2,847,478$501,148$194,578$1,035,501
82$3,081,098$468,882$144,273$1,063,489
83$3,336,757$433,244$90,494$1,094,327
84$3,616,648$394,014$33,066$1,128,408
85$3,923,182$350,958$0$1,166,171
86$4,259,019$303,826$0$1,216,841
87$4,627,085$252,360$0$1,283,724
88$5,030,603$196,281$0$1,357,255
89$5,473,124$135,298$0$1,438,186
90$5,958,558$69,104$0$1,527,353
91$6,491,213$0$0$1,625,684
92$7,075,832$0$0$1,735,595
93$7,717,642$0$0$1,896,446
94$8,422,398$0$0$2,073,194
95$9,196,443$0$0$2,267,445
96$10,046,761$0$0$2,480,967
97$10,981,049$0$0$2,715,708
98$12,007,784$0$0$2,973,817
99$13,136,306$0$0$3,257,657
100$14,376,905$0$0$3,569,836