Can I retire at age 61 with 503,000?

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 $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$41,537$41,167$40,806$40,454$40,110$39,609
2 years$20,563$20,180$19,809$19,449$19,100$18,596
3 years$13,572$13,188$12,818$12,461$12,118$11,626
4 years$10,078$9,694$9,328$8,978$8,643$8,167
5 years$7,982$7,601$7,239$6,896$6,570$6,112
6 years$6,585$6,206$5,850$5,514$5,199$4,759
7 years$5,587$5,212$4,861$4,534$4,228$3,807
8 years$4,839$4,468$4,123$3,803$3,507$3,105
9 years$4,258$3,890$3,551$3,240$2,954$2,569
10 years$3,793$3,429$3,096$2,793$2,517$2,150
11 years$3,413$3,053$2,726$2,430$2,164$1,816
12 years$3,097$2,740$2,419$2,132$1,876$1,544
13 years$2,829$2,476$2,161$1,882$1,636$1,321
14 years$2,600$2,251$1,942$1,671$1,434$1,135
15 years$2,402$2,056$1,753$1,490$1,262$980
16 years$2,228$1,886$1,589$1,334$1,116$849
17 years$2,076$1,737$1,446$1,199$989$737
18 years$1,940$1,605$1,320$1,080$880$642
19 years$1,819$1,488$1,209$976$784$560
20 years$1,710$1,382$1,109$884$700$489
21 years$1,611$1,288$1,020$802$627$428
22 years$1,522$1,202$940$729$562$375
23 years$1,440$1,124$868$664$504$330
24 years$1,365$1,053$803$606$453$289
25 years$1,297$989$744$553$408$255
26 years$1,234$929$690$506$367$224
27 years$1,175$874$641$463$331$197
28 years$1,121$824$595$424$299$174
29 years$1,071$777$554$389$270$153
30 years$1,024$734$516$357$244$135
31 years$980$694$481$328$220$119
32 years$939$657$449$301$199$105
33 years$901$622$419$277$180$93
34 years$865$589$392$255$163$82
35 years$831$559$366$235$148$72
36 years$799$531$343$216$134$64
37 years$769$504$321$199$122$57
38 years$740$479$300$184$110$50
39 years$713$455$281$169$100$44
40 years$688$433$264$156$91$39
41 years$663$412$247$144$82$35
42 years$640$393$232$133$75$31
43 years$618$374$218$123$68$27
44 years$598$357$204$113$61$24
45 years$578$340$192$105$56$21
46 years$559$324$180$97$51$19
47 years$541$310$169$89$46$17
48 years$523$296$159$83$42$15
49 years$507$282$149$76$38$13
50 years$491$270$141$71$34$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $503,000, adding $2,048 every year, while hoping to spend $41,744 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: 74/11/15 Blend
60$503,000$503,000$503,000$503,000
61$556,419$529,760$521,963$595,613
62$568,758$511,302$495,033$603,368
63$580,957$490,542$465,803$606,509
64$592,957$467,321$434,150$608,832
65$604,692$441,473$399,947$610,245
66$616,089$412,824$363,064$610,647
67$627,065$381,187$323,361$609,928
68$637,526$346,366$280,695$607,967
69$647,369$308,153$234,913$604,632
70$656,478$266,330$185,860$599,779
71$664,723$220,664$133,370$593,250
72$671,960$170,911$77,273$584,873
73$678,026$116,813$17,388$574,458
74$682,744$58,095$0$561,799
75$685,913$0$0$554,115
76$687,311$0$0$547,837
77$686,692$0$0$546,933
78$683,782$0$0$544,149
79$678,277$0$0$539,236
80$669,840$0$0$531,919
81$658,098$0$0$521,892
82$642,636$0$0$508,818
83$622,995$0$0$492,321
84$598,668$0$0$471,987
85$569,091$0$0$447,357
86$533,642$0$0$417,923
87$491,632$0$0$383,121
88$442,299$0$0$342,330
89$384,801$0$0$294,863
90$318,206$0$0$239,960
91$241,483$0$0$176,779
92$153,496$0$0$104,393
93$52,987$0$0$21,775
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0