Can I retire at age 61 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$42,528$42,149$41,780$41,419$41,067$40,587
2 years$21,054$20,661$20,281$19,913$19,556$19,073
3 years$13,896$13,502$13,123$12,758$12,407$11,936
4 years$10,318$9,926$9,551$9,192$8,849$8,393
5 years$8,172$7,782$7,412$7,060$6,727$6,288
6 years$6,742$6,355$5,990$5,646$5,323$4,901
7 years$5,721$5,337$4,977$4,642$4,329$3,925
8 years$4,955$4,574$4,221$3,894$3,591$3,205
9 years$4,360$3,983$3,636$3,317$3,024$2,655
10 years$3,884$3,511$3,170$2,859$2,577$2,225
11 years$3,495$3,125$2,791$2,488$2,216$1,881
12 years$3,171$2,805$2,477$2,183$1,920$1,602
13 years$2,897$2,535$2,213$1,927$1,675$1,372
14 years$2,662$2,304$1,988$1,710$1,468$1,181
15 years$2,459$2,105$1,795$1,525$1,293$1,021
16 years$2,282$1,931$1,627$1,366$1,142$885
17 years$2,125$1,779$1,481$1,227$1,013$770
18 years$1,986$1,644$1,352$1,106$901$671
19 years$1,862$1,523$1,238$999$803$586
20 years$1,750$1,415$1,136$905$717$513
21 years$1,649$1,318$1,045$821$642$450
22 years$1,558$1,231$963$747$575$395
23 years$1,474$1,151$889$680$516$347
24 years$1,398$1,078$822$620$464$305
25 years$1,328$1,012$762$567$418$269
26 years$1,263$951$706$518$376$237
27 years$1,203$895$656$474$339$209
28 years$1,148$844$610$434$306$185
29 years$1,096$796$567$398$276$163
30 years$1,048$752$528$366$250$144
31 years$1,004$710$493$336$226$127
32 years$962$672$460$309$204$112
33 years$922$637$429$284$185$99
34 years$885$603$401$261$167$88
35 years$851$572$375$240$152$78
36 years$818$543$351$221$137$69
37 years$787$516$328$204$124$61
38 years$758$490$307$188$113$54
39 years$730$466$288$173$102$48
40 years$704$444$270$160$93$42
41 years$679$422$253$148$84$38
42 years$656$402$237$136$76$33
43 years$633$383$223$126$69$29
44 years$612$365$209$116$63$26
45 years$592$348$196$107$57$23
46 years$572$332$184$99$52$20
47 years$554$317$173$91$47$18
48 years$536$303$163$85$43$16
49 years$519$289$153$78$39$14
50 years$503$276$144$72$35$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $515,000, adding $2,925 every year, while hoping to spend $36,641 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: 41/49/10 Blend
60$515,000$515,000$515,000$515,000
61$570,547$543,252$535,270$592,133
62$589,757$530,886$514,215$595,186
63$609,699$516,685$491,228$594,606
64$630,407$500,522$466,203$593,156
65$651,922$482,261$439,034$590,772
66$674,283$461,757$409,607$587,388
67$697,534$438,858$377,803$582,933
68$721,724$413,402$343,501$577,332
69$746,901$385,221$306,569$570,507
70$773,121$354,132$266,875$562,377
71$800,441$319,946$224,277$552,855
72$828,924$282,462$178,629$541,852
73$858,638$241,467$129,777$529,272
74$889,656$196,735$77,561$515,017
75$922,056$148,030$21,814$498,983
76$955,922$95,100$0$481,061
77$991,347$37,681$0$465,158
78$1,028,430$0$0$449,880
79$1,067,278$0$0$446,010
80$1,108,009$0$0$463,272
81$1,150,747$0$0$481,406
82$1,195,632$0$0$500,472
83$1,242,810$0$0$520,536
84$1,292,446$0$0$541,671
85$1,344,715$0$0$563,956
86$1,399,809$0$0$587,474
87$1,457,938$0$0$612,321
88$1,519,329$0$0$638,597
89$1,584,232$0$0$666,414
90$1,652,917$0$0$695,892
91$1,725,682$0$0$727,164
92$1,802,850$0$0$760,375
93$1,884,776$0$0$795,684
94$1,971,846$0$0$833,263
95$2,064,484$0$0$873,303
96$2,163,153$0$0$916,010
97$2,268,362$0$0$961,614
98$2,380,666$0$0$1,010,362
99$2,500,675$0$0$1,062,528
100$2,629,055$0$0$1,118,412