Can I retire at age 61 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$55,741$55,244$54,760$54,287$53,825$53,397
2 years$27,594$27,081$26,582$26,100$25,631$25,199
3 years$18,214$17,697$17,201$16,722$16,261$15,839
4 years$13,524$13,009$12,518$12,047$11,598$11,189
5 years$10,711$10,200$9,714$9,254$8,816$8,422
6 years$8,836$8,329$7,851$7,400$6,976$6,596
7 years$7,498$6,994$6,524$6,084$5,673$5,309
8 years$6,494$5,996$5,533$5,104$4,707$4,357
9 years$5,714$5,220$4,765$4,347$3,964$3,629
10 years$5,091$4,601$4,155$3,747$3,377$3,058
11 years$4,581$4,096$3,658$3,261$2,905$2,599
12 years$4,156$3,677$3,246$2,861$2,517$2,226
13 years$3,797$3,323$2,900$2,526$2,195$1,918
14 years$3,489$3,020$2,606$2,242$1,924$1,661
15 years$3,223$2,759$2,353$1,999$1,694$1,444
16 years$2,991$2,531$2,133$1,790$1,497$1,260
17 years$2,785$2,331$1,941$1,608$1,328$1,103
18 years$2,603$2,154$1,772$1,450$1,180$968
19 years$2,440$1,996$1,622$1,310$1,052$851
20 years$2,294$1,855$1,489$1,186$940$750
21 years$2,162$1,728$1,369$1,077$841$662
22 years$2,042$1,613$1,262$979$754$585
23 years$1,932$1,509$1,165$892$677$518
24 years$1,832$1,414$1,078$813$608$459
25 years$1,740$1,327$998$743$547$407
26 years$1,655$1,247$926$679$493$361
27 years$1,577$1,173$860$621$444$321
28 years$1,504$1,106$799$569$401$285
29 years$1,437$1,043$744$522$362$254
30 years$1,374$985$693$479$327$226
31 years$1,315$931$646$440$296$201
32 years$1,260$881$602$404$268$179
33 years$1,209$834$563$372$242$159
34 years$1,160$791$526$342$219$142
35 years$1,115$750$491$315$199$127
36 years$1,072$712$460$290$180$113
37 years$1,032$676$430$267$163$101
38 years$993$643$403$246$148$90
39 years$957$611$378$227$134$80
40 years$923$581$354$210$122$72
41 years$890$553$332$193$110$64
42 years$859$527$311$178$100$57
43 years$830$502$292$165$91$51
44 years$802$479$274$152$82$45
45 years$775$456$257$140$75$41
46 years$750$435$242$130$68$36
47 years$726$416$227$120$62$32
48 years$702$397$213$111$56$29
49 years$680$379$201$102$51$26
50 years$659$362$189$95$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $675,000, adding $2,024 every year, while hoping to spend $41,170 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: 88/7/5 Blend
60$675,000$675,000$675,000$675,000
61$745,938$710,163$699,700$811,487
62$778,219$701,156$679,336$845,432
63$812,413$690,328$656,909$876,768
64$848,671$677,547$632,308$909,856
65$887,160$662,671$605,414$944,837
66$928,060$645,551$576,105$981,873
67$971,570$626,031$544,253$1,021,136
68$1,017,906$603,943$509,721$1,062,817
69$1,067,307$579,110$472,371$1,107,128
70$1,120,032$551,347$432,056$1,154,300
71$1,176,367$520,454$388,621$1,204,586
72$1,236,623$486,224$341,907$1,258,266
73$1,301,145$448,435$291,747$1,315,648
74$1,370,307$406,853$237,965$1,377,070
75$1,444,521$361,232$180,380$1,442,904
76$1,524,240$311,310$118,801$1,513,560
77$1,609,960$256,812$53,028$1,589,490
78$1,702,227$197,446$0$1,671,189
79$1,801,638$132,905$0$1,760,121
80$1,908,851$62,864$0$1,859,050
81$2,024,589$0$0$1,965,820
82$2,149,645$0$0$2,082,177
83$2,284,891$0$0$2,213,255
84$2,431,285$0$0$2,355,142
85$2,589,881$0$0$2,508,860
86$2,761,838$0$0$2,675,532
87$2,948,431$0$0$2,856,394
88$3,151,059$0$0$3,052,804
89$3,371,265$0$0$3,266,258
90$3,610,744$0$0$3,498,399
91$3,871,362$0$0$3,751,036
92$4,155,172$0$0$4,026,160
93$4,464,430$0$0$4,325,961
94$4,801,625$0$0$4,652,850
95$5,169,490$0$0$5,009,479
96$5,571,039$0$0$5,398,768
97$6,009,584$0$0$5,823,932
98$6,488,775$0$0$6,288,509
99$7,012,629$0$0$6,796,394
100$7,585,570$0$0$7,351,878