Can I retire at age 61 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$54,915$54,426$53,949$53,483$53,028$52,150
2 years$27,186$26,679$26,189$25,713$25,251$24,369
3 years$17,944$17,435$16,946$16,475$16,021$15,162
4 years$13,324$12,817$12,332$11,869$11,426$10,597
5 years$10,552$10,049$9,570$9,117$8,686$7,889
6 years$8,705$8,205$7,734$7,291$6,873$6,110
7 years$7,387$6,891$6,427$5,994$5,589$4,860
8 years$6,398$5,907$5,451$5,028$4,637$3,941
9 years$5,630$5,143$4,695$4,283$3,905$3,242
10 years$5,015$4,533$4,093$3,692$3,327$2,697
11 years$4,513$4,036$3,603$3,213$2,862$2,263
12 years$4,094$3,622$3,198$2,818$2,480$1,912
13 years$3,741$3,273$2,857$2,488$2,162$1,625
14 years$3,438$2,975$2,567$2,209$1,896$1,388
15 years$3,175$2,718$2,318$1,970$1,669$1,189
16 years$2,946$2,494$2,101$1,764$1,475$1,023
17 years$2,744$2,297$1,912$1,585$1,308$882
18 years$2,565$2,122$1,746$1,428$1,163$762
19 years$2,404$1,967$1,598$1,290$1,037$660
20 years$2,260$1,828$1,467$1,169$926$573
21 years$2,130$1,702$1,349$1,061$829$498
22 years$2,012$1,589$1,243$964$743$433
23 years$1,904$1,486$1,148$878$667$377
24 years$1,805$1,393$1,062$801$599$329
25 years$1,714$1,307$983$732$539$287
26 years$1,631$1,228$912$669$486$250
27 years$1,554$1,156$847$612$438$219
28 years$1,482$1,089$787$561$395$191
29 years$1,416$1,028$733$514$357$167
30 years$1,354$970$682$472$322$146
31 years$1,296$917$636$434$291$128
32 years$1,242$868$594$398$264$112
33 years$1,191$822$554$366$239$98
34 years$1,143$779$518$337$216$86
35 years$1,098$739$484$310$196$75
36 years$1,056$701$453$286$177$66
37 years$1,016$666$424$263$161$58
38 years$979$633$397$243$146$51
39 years$943$602$372$224$132$44
40 years$909$573$349$206$120$39
41 years$877$545$327$190$109$34
42 years$847$519$307$176$99$30
43 years$818$495$288$162$90$26
44 years$790$472$270$150$81$23
45 years$764$450$254$138$74$20
46 years$739$429$238$128$67$18
47 years$715$409$224$118$61$15
48 years$692$391$210$109$55$14
49 years$670$373$198$101$50$12
50 years$649$357$186$93$46$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $665,000, adding $2,629 every year, while hoping to spend $45,305 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: 59/21/20 Blend
60$665,000$665,000$665,000$665,000
61$735,542$700,297$689,989$774,914
62$762,363$686,407$664,900$788,036
63$790,401$670,319$637,451$797,166
64$819,733$651,875$607,517$806,108
65$850,442$630,913$574,964$814,852
66$882,616$607,256$539,655$823,390
67$916,353$580,722$501,443$831,714
68$951,758$551,114$460,179$839,818
69$988,945$518,227$415,703$847,700
70$1,028,039$481,841$367,850$855,357
71$1,069,174$441,727$316,448$862,791
72$1,112,498$397,640$261,317$870,006
73$1,158,170$349,321$202,269$877,012
74$1,206,365$296,500$139,106$883,821
75$1,257,272$238,887$71,625$890,450
76$1,311,100$176,178$0$896,924
77$1,368,075$108,053$0$903,355
78$1,428,443$34,172$0$926,017
79$1,492,474$0$0$949,704
80$1,560,464$0$0$985,113
81$1,632,735$0$0$1,031,174
82$1,709,641$0$0$1,080,219
83$1,791,568$0$0$1,132,498
84$1,878,938$0$0$1,188,286
85$1,972,217$0$0$1,247,883
86$2,071,911$0$0$1,311,618
87$2,178,577$0$0$1,379,852
88$2,292,827$0$0$1,452,982
89$2,415,329$0$0$1,531,440
90$2,546,818$0$0$1,615,705
91$2,688,101$0$0$1,706,298
92$2,840,062$0$0$1,803,794
93$3,003,672$0$0$1,908,824
94$3,180,000$0$0$2,022,079
95$3,370,217$0$0$2,144,321
96$3,575,610$0$0$2,276,386
97$3,797,594$0$0$2,419,191
98$4,037,726$0$0$2,573,747
99$4,297,713$0$0$2,741,163
100$4,579,435$0$0$2,922,659