Can I retire at age 61 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$56,649$56,145$55,652$55,172$54,703$52,994
2 years$28,044$27,522$27,016$26,525$26,049$24,343
3 years$18,510$17,986$17,481$16,995$16,526$14,876
4 years$13,744$13,222$12,722$12,244$11,787$10,205
5 years$10,886$10,366$9,873$9,404$8,960$7,451
6 years$8,980$8,464$7,978$7,521$7,090$5,655
7 years$7,620$7,108$6,630$6,183$5,766$4,405
8 years$6,600$6,093$5,623$5,187$4,783$3,496
9 years$5,807$5,305$4,843$4,418$4,028$2,813
10 years$5,174$4,676$4,222$3,808$3,432$2,287
11 years$4,655$4,163$3,717$3,315$2,952$1,874
12 years$4,224$3,737$3,299$2,907$2,558$1,546
13 years$3,859$3,377$2,947$2,567$2,231$1,282
14 years$3,546$3,069$2,648$2,278$1,955$1,067
15 years$3,276$2,804$2,391$2,032$1,722$891
16 years$3,039$2,573$2,168$1,819$1,522$747
17 years$2,831$2,369$1,973$1,635$1,349$627
18 years$2,646$2,189$1,801$1,473$1,200$527
19 years$2,480$2,029$1,648$1,331$1,069$444
20 years$2,331$1,885$1,513$1,206$955$375
21 years$2,197$1,756$1,392$1,094$855$316
22 years$2,075$1,639$1,283$995$766$268
23 years$1,964$1,533$1,184$906$688$226
24 years$1,862$1,437$1,095$826$618$192
25 years$1,769$1,348$1,014$755$556$162
26 years$1,682$1,267$941$690$501$138
27 years$1,603$1,192$874$632$452$117
28 years$1,529$1,124$812$579$408$99
29 years$1,460$1,060$756$531$368$84
30 years$1,396$1,001$704$487$333$71
31 years$1,337$946$656$447$301$60
32 years$1,281$895$612$411$272$51
33 years$1,229$848$572$378$246$44
34 years$1,179$804$534$348$223$37
35 years$1,133$762$499$320$202$31
36 years$1,090$724$467$295$183$27
37 years$1,048$687$437$272$166$23
38 years$1,010$653$409$250$150$19
39 years$973$621$384$231$136$16
40 years$938$591$360$213$124$14
41 years$905$562$337$196$112$12
42 years$873$536$316$181$102$10
43 years$844$510$297$167$92$8
44 years$815$486$279$155$84$7
45 years$788$464$262$143$76$6
46 years$762$443$246$132$69$5
47 years$737$422$231$122$63$4
48 years$714$403$217$113$57$4
49 years$691$385$204$104$52$3
50 years$670$368$192$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $686,000, adding $5,697 every year, while hoping to spend $20,391 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: 39/40/21 Blend
60$686,000$686,000$686,000$686,000
61$761,848$725,490$714,857$786,602
62$817,861$739,344$717,109$818,808
63$878,904$753,192$718,753$851,256
64$945,468$767,014$719,747$885,926
65$1,018,094$780,787$720,047$923,031
66$1,097,378$794,484$719,607$962,808
67$1,183,976$808,078$718,379$1,005,515
68$1,278,608$821,541$716,312$1,051,439
69$1,382,069$834,840$713,352$1,100,897
70$1,495,235$847,942$709,444$1,154,239
71$1,619,068$860,810$704,529$1,211,851
72$1,754,628$873,404$698,545$1,274,158
73$1,903,083$885,684$691,430$1,341,631
74$2,065,719$897,605$683,115$1,414,790
75$2,243,953$909,118$673,529$1,494,208
76$2,439,344$920,172$662,600$1,580,517
77$2,653,610$930,713$650,250$1,674,417
78$2,888,642$940,683$636,398$1,776,678
79$3,146,525$950,018$620,959$1,888,152
80$3,429,555$958,653$603,845$2,009,778
81$3,740,259$966,516$584,963$2,142,594
82$4,081,423$973,533$564,217$2,287,743
83$4,456,115$979,623$541,505$2,446,488
84$4,867,715$984,701$516,722$2,620,224
85$5,319,946$988,675$489,756$2,810,489
86$5,816,909$991,449$460,492$3,018,979
87$6,363,125$992,921$428,809$3,247,569
88$6,963,570$992,981$394,581$3,498,323
89$7,623,730$991,513$357,675$3,773,522
90$8,349,648$988,394$317,954$4,075,683
91$9,147,980$983,493$275,274$4,407,579
92$10,026,062$976,673$229,484$4,772,273
93$10,991,976$967,786$180,427$5,173,142
94$12,054,626$956,675$127,940$5,613,913
95$13,223,822$943,177$71,850$6,098,695
96$14,510,375$927,115$11,980$6,632,022
97$15,926,194$908,304$0$7,218,895
98$17,484,403$886,548$0$7,876,462
99$19,199,462$861,639$0$8,602,794
100$21,087,304$833,357$0$9,401,959