Can I retire at age 61 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$56,567$56,063$55,571$55,091$54,623$52,769
2 years$28,003$27,482$26,976$26,486$26,011$24,162
3 years$18,483$17,960$17,455$16,970$16,502$14,716
4 years$13,724$13,202$12,703$12,226$11,770$10,060
5 years$10,870$10,351$9,858$9,391$8,947$7,318
6 years$8,967$8,452$7,967$7,510$7,080$5,533
7 years$7,609$7,098$6,620$6,174$5,758$4,293
8 years$6,591$6,084$5,615$5,179$4,776$3,393
9 years$5,799$5,298$4,836$4,412$4,022$2,718
10 years$5,166$4,670$4,216$3,803$3,427$2,200
11 years$4,649$4,157$3,712$3,310$2,948$1,795
12 years$4,218$3,731$3,294$2,903$2,554$1,473
13 years$3,853$3,372$2,943$2,563$2,227$1,216
14 years$3,541$3,065$2,644$2,275$1,953$1,007
15 years$3,271$2,800$2,387$2,029$1,719$837
16 years$3,035$2,569$2,165$1,817$1,519$698
17 years$2,827$2,366$1,970$1,632$1,347$583
18 years$2,642$2,186$1,798$1,471$1,198$488
19 years$2,477$2,026$1,646$1,329$1,068$409
20 years$2,328$1,883$1,511$1,204$954$343
21 years$2,194$1,754$1,390$1,093$853$288
22 years$2,072$1,637$1,281$993$765$242
23 years$1,961$1,531$1,182$905$687$204
24 years$1,859$1,434$1,094$825$617$172
25 years$1,766$1,346$1,013$754$555$144
26 years$1,680$1,265$939$689$500$122
27 years$1,600$1,191$872$631$451$103
28 years$1,527$1,122$811$578$407$87
29 years$1,458$1,058$755$530$368$73
30 years$1,394$1,000$703$486$332$62
31 years$1,335$945$655$447$300$52
32 years$1,279$894$611$410$272$44
33 years$1,227$847$571$377$246$37
34 years$1,178$803$533$347$223$31
35 years$1,131$761$499$320$202$26
36 years$1,088$722$467$294$183$22
37 years$1,047$686$437$271$166$19
38 years$1,008$652$409$250$150$16
39 years$971$620$383$231$136$13
40 years$937$590$359$213$123$11
41 years$903$562$337$196$112$10
42 years$872$535$316$181$102$8
43 years$842$510$296$167$92$7
44 years$814$486$278$154$84$6
45 years$787$463$261$143$76$5
46 years$761$442$245$132$69$4
47 years$736$422$230$122$63$3
48 years$713$403$217$112$57$3
49 years$690$384$204$104$52$2
50 years$669$367$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $685,000, adding $3,486 every year, while hoping to spend $54,264 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: 32/39/29 Blend
60$685,000$685,000$685,000$685,000
61$758,466$722,161$711,543$775,948
62$778,093$699,810$677,644$767,335
63$797,903$674,546$640,789$753,051
64$817,858$646,167$600,825$736,615
65$837,913$614,463$557,586$717,877
66$858,018$579,210$510,903$696,675
67$878,115$540,170$460,597$672,839
68$898,138$497,093$406,482$646,188
69$918,012$449,715$348,364$616,530
70$937,654$397,756$286,038$583,658
71$956,969$340,920$219,295$547,356
72$975,849$278,894$147,911$507,392
73$994,175$211,350$71,655$463,519
74$1,011,812$137,937$0$415,475
75$1,028,610$58,289$0$365,989
76$1,044,399$0$0$335,613
77$1,058,991$0$0$313,927
78$1,072,176$0$0$316,701
79$1,083,718$0$0$318,838
80$1,093,356$0$0$320,242
81$1,100,798$0$0$320,809
82$1,105,722$0$0$320,422
83$1,107,765$0$0$318,954
84$1,106,529$0$0$316,260
85$1,101,569$0$0$312,181
86$1,092,391$0$0$306,542
87$1,078,448$0$0$299,147
88$1,059,135$0$0$289,780
89$1,033,778$0$0$278,201
90$1,001,632$0$0$264,145
91$961,874$0$0$247,319
92$913,590$0$0$227,398
93$855,769$0$0$204,023
94$787,294$0$0$176,796
95$706,928$0$0$145,280
96$613,304$0$0$108,988
97$504,909$0$0$67,384
98$380,073$0$0$19,876
99$236,949$0$0$0
100$73,497$0$0$0