Can I retire at age 61 with 509,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$42,033$41,658$41,293$40,937$40,588$40,248
2 years$20,808$20,421$20,045$19,681$19,328$18,985
3 years$13,734$13,345$12,971$12,610$12,262$11,928
4 years$10,198$9,810$9,439$9,085$8,746$8,421
5 years$8,077$7,691$7,325$6,978$6,648$6,335
6 years$6,663$6,280$5,920$5,580$5,261$4,960
7 years$5,654$5,274$4,919$4,588$4,278$3,989
8 years$4,897$4,521$4,172$3,849$3,549$3,272
9 years$4,309$3,936$3,593$3,278$2,989$2,724
10 years$3,839$3,470$3,133$2,826$2,547$2,294
11 years$3,454$3,089$2,758$2,459$2,190$1,949
12 years$3,134$2,772$2,448$2,157$1,898$1,668
13 years$2,863$2,505$2,187$1,904$1,655$1,436
14 years$2,631$2,277$1,965$1,691$1,451$1,243
15 years$2,431$2,080$1,774$1,508$1,277$1,080
16 years$2,255$1,909$1,608$1,350$1,129$941
17 years$2,100$1,758$1,464$1,213$1,001$823
18 years$1,963$1,624$1,336$1,093$890$722
19 years$1,840$1,505$1,223$988$793$634
20 years$1,730$1,399$1,123$895$709$559
21 years$1,630$1,303$1,033$812$634$493
22 years$1,540$1,216$952$738$568$435
23 years$1,457$1,138$879$672$510$385
24 years$1,382$1,066$813$613$459$341
25 years$1,312$1,000$753$560$413$302
26 years$1,248$940$698$512$372$268
27 years$1,189$885$648$469$335$238
28 years$1,134$834$603$429$302$211
29 years$1,084$787$561$394$273$188
30 years$1,036$743$522$361$247$167
31 years$992$702$487$332$223$148
32 years$950$664$454$305$202$132
33 years$912$629$424$280$183$118
34 years$875$596$396$258$165$105
35 years$841$566$371$238$150$93
36 years$808$537$347$219$136$83
37 years$778$510$324$202$123$74
38 years$749$485$304$186$111$66
39 years$722$461$285$171$101$59
40 years$696$438$267$158$92$52
41 years$671$417$250$146$83$47
42 years$648$397$235$135$75$42
43 years$626$379$220$124$69$37
44 years$605$361$207$115$62$33
45 years$585$344$194$106$56$30
46 years$565$328$182$98$51$26
47 years$547$313$171$90$47$24
48 years$530$299$161$84$42$21
49 years$513$286$151$77$38$19
50 years$497$273$142$71$35$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $509,000, adding $2,248 every year, while hoping to spend $38,735 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: 82/9/9 Blend
60$509,000$509,000$509,000$509,000
61$563,237$536,260$528,370$608,527
62$579,473$521,323$504,857$623,566
63$596,068$504,356$479,258$634,696
64$613,015$485,218$451,462$645,741
65$630,310$463,761$421,353$656,669
66$647,945$439,828$388,811$667,447
67$665,908$413,253$353,710$678,040
68$684,188$383,859$315,916$688,406
69$702,769$351,462$275,293$698,501
70$721,631$315,864$231,695$708,277
71$740,754$276,858$184,973$717,680
72$760,111$234,224$134,970$726,652
73$779,673$187,731$81,522$735,129
74$799,403$137,134$24,457$743,040
75$819,263$82,173$0$750,307
76$839,205$22,577$0$760,346
77$859,177$0$0$772,299
78$879,119$0$0$787,884
79$898,963$0$0$805,610
80$918,631$0$0$823,172
81$938,037$0$0$840,489
82$957,082$0$0$857,473
83$975,655$0$0$874,024
84$993,633$0$0$890,030
85$1,010,877$0$0$905,364
86$1,027,229$0$0$919,885
87$1,042,517$0$0$933,437
88$1,056,545$0$0$945,842
89$1,069,096$0$0$956,903
90$1,079,929$0$0$966,403
91$1,088,772$0$0$974,096
92$1,095,326$0$0$979,711
93$1,099,257$0$0$982,945
94$1,100,193$0$0$983,464
95$1,097,722$0$0$980,894
96$1,091,387$0$0$974,821
97$1,080,679$0$0$964,786
98$1,065,035$0$0$950,279
99$1,043,830$0$0$930,735
100$1,016,372$0$0$905,529