Can I retire at age 61 with 501,000?

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 $501,000?

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$41,372$41,004$40,644$40,293$39,950$38,703
2 years$20,481$20,100$19,730$19,372$19,024$17,778
3 years$13,519$13,135$12,767$12,412$12,070$10,864
4 years$10,038$9,656$9,291$8,942$8,608$7,453
5 years$7,950$7,570$7,210$6,868$6,544$5,442
6 years$6,559$6,182$5,827$5,493$5,178$4,130
7 years$5,565$5,191$4,842$4,516$4,211$3,217
8 years$4,820$4,450$4,107$3,788$3,493$2,553
9 years$4,241$3,875$3,537$3,227$2,942$2,054
10 years$3,778$3,415$3,084$2,781$2,507$1,670
11 years$3,400$3,040$2,715$2,421$2,156$1,369
12 years$3,085$2,729$2,409$2,123$1,868$1,129
13 years$2,818$2,466$2,153$1,875$1,629$936
14 years$2,590$2,242$1,934$1,664$1,428$779
15 years$2,392$2,048$1,746$1,484$1,257$651
16 years$2,220$1,879$1,583$1,329$1,111$545
17 years$2,067$1,730$1,441$1,194$985$458
18 years$1,932$1,599$1,315$1,076$876$385
19 years$1,811$1,482$1,204$972$781$324
20 years$1,703$1,377$1,105$880$698$274
21 years$1,605$1,283$1,016$799$624$231
22 years$1,516$1,197$937$727$560$195
23 years$1,434$1,120$865$662$502$165
24 years$1,360$1,049$800$604$451$140
25 years$1,292$985$741$551$406$119
26 years$1,229$925$687$504$366$100
27 years$1,171$871$638$461$330$85
28 years$1,117$821$593$423$298$72
29 years$1,067$774$552$388$269$61
30 years$1,020$731$514$356$243$52
31 years$976$691$479$327$220$44
32 years$935$654$447$300$199$37
33 years$897$619$418$276$180$32
34 years$861$587$390$254$163$27
35 years$828$557$365$234$147$23
36 years$796$528$341$215$134$19
37 years$766$502$319$198$121$17
38 years$737$477$299$183$110$14
39 years$710$454$280$169$100$12
40 years$685$432$263$156$90$10
41 years$661$411$246$144$82$9
42 years$638$391$231$132$74$7
43 years$616$373$217$122$67$6
44 years$595$355$203$113$61$5
45 years$575$339$191$104$56$4
46 years$557$323$179$96$50$4
47 years$539$308$169$89$46$3
48 years$521$294$158$82$42$3
49 years$505$281$149$76$38$2
50 years$489$269$140$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $501,000, adding $4,288 every year, while hoping to spend $31,830 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: 29/48/23 Blend
60$501,000$501,000$501,000$501,000
61$556,525$529,972$522,207$568,568
62$579,424$522,074$505,834$570,345
63$603,591$512,722$487,845$569,149
64$629,124$501,811$468,154$567,201
65$656,125$489,231$446,668$564,457
66$684,710$474,863$423,291$560,872
67$715,002$458,584$397,924$556,400
68$747,139$440,261$370,461$550,992
69$781,269$419,755$340,793$544,600
70$817,554$396,919$308,806$537,175
71$856,174$371,597$274,380$528,666
72$897,322$343,624$237,390$519,024
73$941,213$312,825$197,706$508,199
74$988,080$279,017$155,193$496,139
75$1,038,180$242,004$109,707$482,795
76$1,091,793$201,581$61,101$468,118
77$1,149,228$157,531$9,220$452,061
78$1,210,822$109,623$0$434,577
79$1,276,947$57,616$0$426,947
80$1,348,010$1,253$0$420,958
81$1,424,456$0$0$414,349
82$1,506,777$0$0$438,687
83$1,595,510$0$0$465,695
84$1,691,249$0$0$494,899
85$1,794,642$0$0$526,505
86$1,906,404$0$0$560,741
87$2,027,320$0$0$597,855
88$2,158,254$0$0$638,123
89$2,300,153$0$0$681,845
90$2,454,061$0$0$729,354
91$2,621,125$0$0$781,014
92$2,802,608$0$0$837,228
93$2,999,897$0$0$898,438
94$3,214,519$0$0$965,128
95$3,448,155$0$0$1,037,835
96$3,702,653$0$0$1,117,147
97$3,980,047$0$0$1,203,713
98$4,282,577$0$0$1,298,247
99$4,612,707$0$0$1,401,533
100$4,973,149$0$0$1,514,436