Can I retire at age 61 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$54,585$54,099$53,624$53,161$52,709$52,072
2 years$27,022$26,519$26,031$25,558$25,100$24,458
3 years$17,836$17,330$16,844$16,375$15,924$15,299
4 years$13,244$12,740$12,258$11,798$11,357$10,753
5 years$10,489$9,988$9,513$9,062$8,634$8,051
6 years$8,653$8,156$7,688$7,247$6,831$6,272
7 years$7,342$6,849$6,389$5,958$5,556$5,020
8 years$6,360$5,871$5,418$4,998$4,609$4,097
9 years$5,596$5,112$4,666$4,257$3,882$3,392
10 years$4,985$4,506$4,068$3,670$3,307$2,841
11 years$4,486$4,011$3,582$3,194$2,844$2,400
12 years$4,070$3,600$3,179$2,801$2,465$2,043
13 years$3,718$3,254$2,840$2,473$2,149$1,748
14 years$3,417$2,958$2,552$2,195$1,884$1,504
15 years$3,156$2,702$2,304$1,958$1,659$1,299
16 years$2,928$2,479$2,089$1,753$1,466$1,126
17 years$2,728$2,283$1,901$1,575$1,300$978
18 years$2,549$2,109$1,735$1,420$1,156$852
19 years$2,390$1,955$1,588$1,283$1,030$744
20 years$2,247$1,817$1,458$1,162$920$651
21 years$2,117$1,692$1,341$1,054$824$570
22 years$2,000$1,580$1,236$959$738$500
23 years$1,892$1,477$1,141$873$663$439
24 years$1,794$1,384$1,055$796$596$386
25 years$1,704$1,299$977$727$536$340
26 years$1,621$1,221$906$665$483$299
27 years$1,544$1,149$842$609$435$264
28 years$1,473$1,083$783$558$393$233
29 years$1,407$1,021$728$511$355$205
30 years$1,346$965$678$469$320$181
31 years$1,288$912$632$431$290$160
32 years$1,234$863$590$396$262$141
33 years$1,184$817$551$364$237$125
34 years$1,136$774$515$335$215$110
35 years$1,092$735$481$309$194$98
36 years$1,050$697$450$284$176$86
37 years$1,010$662$421$262$160$76
38 years$973$629$395$241$145$67
39 years$937$598$370$222$131$60
40 years$904$569$346$205$119$53
41 years$872$542$325$189$108$47
42 years$842$516$305$175$98$41
43 years$813$492$286$161$89$37
44 years$785$469$268$149$81$32
45 years$759$447$252$138$73$29
46 years$734$426$237$127$67$25
47 years$711$407$222$117$60$22
48 years$688$388$209$108$55$20
49 years$666$371$196$100$50$18
50 years$645$354$185$93$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $661,000, adding $3,145 every year, while hoping to spend $40,464 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: 49/32/19 Blend
60$661,000$661,000$661,000$661,000
61$731,666$696,633$686,388$763,480
62$763,243$687,715$666,328$776,932
63$796,684$677,003$644,241$787,155
64$832,137$664,368$620,014$797,401
65$869,764$649,670$593,533$807,689
66$909,740$632,764$564,677$818,041
67$952,258$613,495$533,318$828,484
68$997,529$591,697$499,326$839,052
69$1,045,785$567,198$462,561$849,784
70$1,097,278$539,813$422,879$860,725
71$1,152,285$509,349$380,130$871,932
72$1,211,109$475,598$334,156$883,469
73$1,274,085$438,345$284,793$895,409
74$1,341,576$397,359$231,868$907,840
75$1,413,984$352,397$175,203$920,860
76$1,491,748$303,202$114,610$934,585
77$1,575,350$249,502$49,893$949,146
78$1,665,321$191,012$0$964,692
79$1,762,240$127,429$0$985,280
80$1,866,748$58,432$0$1,018,266
81$1,979,545$0$0$1,053,788
82$2,101,403$0$0$1,097,889
83$2,233,169$0$0$1,167,879
84$2,375,774$0$0$1,243,686
85$2,530,241$0$0$1,325,861
86$2,697,696$0$0$1,415,011
87$2,879,377$0$0$1,511,801
88$3,076,645$0$0$1,616,967
89$3,290,996$0$0$1,731,315
90$3,524,078$0$0$1,855,734
91$3,777,702$0$0$1,991,199
92$4,053,863$0$0$2,138,787
93$4,354,753$0$0$2,299,679
94$4,682,787$0$0$2,475,179
95$5,040,621$0$0$2,666,720
96$5,431,181$0$0$2,875,878
97$5,857,685$0$0$3,104,391
98$6,323,677$0$0$3,354,170
99$6,833,058$0$0$3,627,320
100$7,390,123$0$0$3,926,159