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%11.5%
1 years$41,537$41,167$40,806$40,454$40,110$39,857
2 years$20,563$20,180$19,809$19,449$19,100$18,845
3 years$13,572$13,188$12,818$12,461$12,118$11,869
4 years$10,078$9,694$9,328$8,978$8,643$8,401
5 years$7,982$7,601$7,239$6,896$6,570$6,337
6 years$6,585$6,206$5,850$5,514$5,199$4,974
7 years$5,587$5,212$4,861$4,534$4,228$4,012
8 years$4,839$4,468$4,123$3,803$3,507$3,300
9 years$4,258$3,890$3,551$3,240$2,954$2,755
10 years$3,793$3,429$3,096$2,793$2,517$2,327
11 years$3,413$3,053$2,726$2,430$2,164$1,983
12 years$3,097$2,740$2,419$2,132$1,876$1,702
13 years$2,829$2,476$2,161$1,882$1,636$1,471
14 years$2,600$2,251$1,942$1,671$1,434$1,277
15 years$2,402$2,056$1,753$1,490$1,262$1,113
16 years$2,228$1,886$1,589$1,334$1,116$974
17 years$2,076$1,737$1,446$1,199$989$855
18 years$1,940$1,605$1,320$1,080$880$752
19 years$1,819$1,488$1,209$976$784$663
20 years$1,710$1,382$1,109$884$700$586
21 years$1,611$1,288$1,020$802$627$519
22 years$1,522$1,202$940$729$562$460
23 years$1,440$1,124$868$664$504$408
24 years$1,365$1,053$803$606$453$363
25 years$1,297$989$744$553$408$323
26 years$1,234$929$690$506$367$287
27 years$1,175$874$641$463$331$256
28 years$1,121$824$595$424$299$228
29 years$1,071$777$554$389$270$204
30 years$1,024$734$516$357$244$182
31 years$980$694$481$328$220$162
32 years$939$657$449$301$199$145
33 years$901$622$419$277$180$130
34 years$865$589$392$255$163$116
35 years$831$559$366$235$148$104
36 years$799$531$343$216$134$93
37 years$769$504$321$199$122$83
38 years$740$479$300$184$110$74
39 years$713$455$281$169$100$67
40 years$688$433$264$156$91$60
41 years$663$412$247$144$82$53
42 years$640$393$232$133$75$48
43 years$618$374$218$123$68$43
44 years$598$357$204$113$61$38
45 years$578$340$192$105$56$34
46 years$559$324$180$97$51$31
47 years$541$310$169$89$46$28
48 years$523$296$159$83$42$25
49 years$507$282$149$76$38$22
50 years$491$270$141$71$34$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $503,000, adding $5,798 every year, while hoping to spend $28,752 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: 64/8/28 Blend
60$503,000$503,000$503,000$503,000
61$560,287$533,628$525,831$591,636
62$586,844$529,183$512,855$609,112
63$615,147$523,558$498,480$624,517
64$645,342$516,663$482,629$640,726
65$677,592$508,404$465,222$657,822
66$712,074$498,684$446,175$675,896
67$748,982$487,396$425,398$695,053
68$788,529$474,429$402,801$715,406
69$830,950$459,667$378,285$737,083
70$876,500$442,984$351,751$760,224
71$925,462$424,249$323,093$784,987
72$978,143$403,321$292,201$811,546
73$1,034,884$380,054$258,960$840,096
74$1,096,057$354,292$223,250$870,851
75$1,162,071$325,869$184,945$904,050
76$1,233,377$294,611$143,916$939,957
77$1,310,469$260,334$100,024$978,867
78$1,393,889$222,843$53,127$1,021,105
79$1,484,236$181,932$3,077$1,067,033
80$1,582,165$137,384$0$1,117,048
81$1,688,398$88,968$0$1,186,635
82$1,803,731$36,444$0$1,263,203
83$1,929,036$0$0$1,346,425
84$2,065,273$0$0$1,438,758
85$2,213,500$0$0$1,542,738
86$2,374,880$0$0$1,655,976
87$2,550,691$0$0$1,779,375
88$2,742,344$0$0$1,913,926
89$2,951,386$0$0$2,060,724
90$3,179,525$0$0$2,220,969
91$3,428,637$0$0$2,395,986
92$3,700,789$0$0$2,587,232
93$3,998,258$0$0$2,796,311
94$4,323,549$0$0$3,024,989
95$4,679,419$0$0$3,275,211
96$5,068,907$0$0$3,549,118
97$5,495,356$0$0$3,849,069
98$5,962,449$0$0$4,177,660
99$6,474,243$0$0$4,537,750
100$7,035,204$0$0$4,932,490