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%14.6%
1 years$42,528$42,149$41,780$41,419$41,067$40,287
2 years$21,054$20,661$20,281$19,913$19,556$18,773
3 years$13,896$13,502$13,123$12,758$12,407$11,646
4 years$10,318$9,926$9,551$9,192$8,849$8,115
5 years$8,172$7,782$7,412$7,060$6,727$6,023
6 years$6,742$6,355$5,990$5,646$5,323$4,649
7 years$5,721$5,337$4,977$4,642$4,329$3,686
8 years$4,955$4,574$4,221$3,894$3,591$2,978
9 years$4,360$3,983$3,636$3,317$3,024$2,441
10 years$3,884$3,511$3,170$2,859$2,577$2,023
11 years$3,495$3,125$2,791$2,488$2,216$1,691
12 years$3,171$2,805$2,477$2,183$1,920$1,424
13 years$2,897$2,535$2,213$1,927$1,675$1,205
14 years$2,662$2,304$1,988$1,710$1,468$1,025
15 years$2,459$2,105$1,795$1,525$1,293$875
16 years$2,282$1,931$1,627$1,366$1,142$749
17 years$2,125$1,779$1,481$1,227$1,013$643
18 years$1,986$1,644$1,352$1,106$901$554
19 years$1,862$1,523$1,238$999$803$477
20 years$1,750$1,415$1,136$905$717$412
21 years$1,649$1,318$1,045$821$642$357
22 years$1,558$1,231$963$747$575$309
23 years$1,474$1,151$889$680$516$268
24 years$1,398$1,078$822$620$464$232
25 years$1,328$1,012$762$567$418$202
26 years$1,263$951$706$518$376$175
27 years$1,203$895$656$474$339$152
28 years$1,148$844$610$434$306$132
29 years$1,096$796$567$398$276$115
30 years$1,048$752$528$366$250$100
31 years$1,004$710$493$336$226$87
32 years$962$672$460$309$204$76
33 years$922$637$429$284$185$66
34 years$885$603$401$261$167$58
35 years$851$572$375$240$152$50
36 years$818$543$351$221$137$44
37 years$787$516$328$204$124$38
38 years$758$490$307$188$113$33
39 years$730$466$288$173$102$29
40 years$704$444$270$160$93$25
41 years$679$422$253$148$84$22
42 years$656$402$237$136$76$19
43 years$633$383$223$126$69$17
44 years$612$365$209$116$63$15
45 years$592$348$196$107$57$13
46 years$572$332$184$99$52$11
47 years$554$317$173$91$47$10
48 years$536$303$163$85$43$8
49 years$519$289$153$78$39$7
50 years$503$276$144$72$35$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $515,000, adding $6,676 every year, while hoping to spend $42,433 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: 44/36/20 Blend
60$515,000$515,000$515,000$515,000
61$574,416$547,121$539,139$596,101
62$587,858$528,782$512,052$593,696
63$601,249$508,122$482,635$586,405
64$614,539$484,982$450,765$577,625
65$627,672$459,195$416,315$567,238
66$640,583$430,584$379,150$555,120
67$653,200$398,962$339,130$541,135
68$665,444$364,128$296,109$525,140
69$677,224$325,875$249,933$506,980
70$688,439$283,981$200,444$486,490
71$698,975$238,211$147,473$463,491
72$708,705$188,318$90,849$437,793
73$717,489$134,041$30,388$409,192
74$725,168$75,105$0$377,468
75$731,567$11,216$0$349,669
76$736,490$0$0$325,650
77$739,720$0$0$321,642
78$741,015$0$0$321,104
79$740,106$0$0$319,460
80$736,694$0$0$316,564
81$730,450$0$0$312,256
82$721,004$0$0$306,356
83$707,951$0$0$298,664
84$690,839$0$0$288,962
85$669,167$0$0$277,004
86$642,383$0$0$262,522
87$609,873$0$0$245,216
88$570,958$0$0$224,757
89$524,890$0$0$200,778
90$470,836$0$0$172,876
91$407,880$0$0$140,604
92$335,007$0$0$103,469
93$251,094$0$0$60,923
94$154,903$0$0$12,366
95$45,063$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