Can I retire at age 61 with 522,000?

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 $522,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$43,106$42,722$42,348$41,982$41,625$41,003
2 years$21,340$20,942$20,557$20,184$19,821$19,196
3 years$14,085$13,686$13,302$12,932$12,576$11,966
4 years$10,459$10,061$9,680$9,317$8,969$8,381
5 years$8,283$7,888$7,512$7,156$6,818$6,252
6 years$6,833$6,441$6,071$5,723$5,395$4,853
7 years$5,798$5,409$5,045$4,705$4,388$3,869
8 years$5,022$4,637$4,279$3,947$3,640$3,144
9 years$4,419$4,037$3,685$3,362$3,065$2,593
10 years$3,937$3,558$3,213$2,898$2,612$2,162
11 years$3,542$3,168$2,829$2,522$2,246$1,819
12 years$3,214$2,843$2,510$2,212$1,947$1,541
13 years$2,936$2,569$2,243$1,953$1,697$1,313
14 years$2,699$2,336$2,015$1,734$1,488$1,124
15 years$2,493$2,134$1,819$1,546$1,310$966
16 years$2,313$1,958$1,650$1,384$1,158$833
17 years$2,154$1,803$1,501$1,244$1,027$721
18 years$2,013$1,666$1,370$1,121$913$625
19 years$1,887$1,544$1,254$1,013$814$543
20 years$1,774$1,435$1,151$917$727$472
21 years$1,672$1,336$1,059$833$650$411
22 years$1,579$1,247$976$757$583$359
23 years$1,494$1,167$901$689$523$314
24 years$1,417$1,093$833$629$470$274
25 years$1,346$1,026$772$574$423$240
26 years$1,280$964$716$525$381$210
27 years$1,220$907$665$481$344$184
28 years$1,163$855$618$440$310$161
29 years$1,111$807$575$404$280$142
30 years$1,063$762$536$371$253$124
31 years$1,017$720$499$340$229$109
32 years$975$681$466$313$207$96
33 years$935$645$435$288$187$84
34 years$897$612$406$265$170$74
35 years$862$580$380$244$154$65
36 years$829$551$356$224$139$57
37 years$798$523$333$207$126$50
38 years$768$497$312$191$114$44
39 years$740$473$292$176$104$39
40 years$714$450$274$162$94$34
41 years$688$428$257$150$85$30
42 years$665$408$241$138$77$26
43 years$642$388$226$127$70$23
44 years$620$370$212$118$64$20
45 years$600$353$199$109$58$18
46 years$580$337$187$100$53$16
47 years$561$321$176$93$48$14
48 years$543$307$165$86$43$12
49 years$526$293$155$79$39$11
50 years$510$280$146$73$36$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $522,000, adding $5,735 every year, while hoping to spend $37,310 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: 43/44/13 Blend
60$522,000$522,000$522,000$522,000
61$581,160$553,494$545,403$603,724
62$600,740$540,917$523,976$607,501
63$621,068$526,474$500,581$607,411
64$642,179$510,034$475,113$606,495
65$664,113$491,457$447,461$604,692
66$686,912$470,597$417,510$601,939
67$710,620$447,300$385,140$598,170
68$735,287$421,401$350,226$593,316
69$760,963$392,727$312,635$587,303
70$787,705$361,094$272,232$580,054
71$815,571$326,309$228,873$571,490
72$844,627$288,166$182,408$561,525
73$874,942$246,448$132,681$550,073
74$906,590$200,928$79,529$537,041
75$939,651$151,363$22,783$522,333
76$974,214$97,498$0$505,848
77$1,010,371$39,063$0$492,722
78$1,048,226$0$0$481,319
79$1,087,887$0$0$480,119
80$1,129,476$0$0$498,712
81$1,173,121$0$0$518,244
82$1,218,963$0$0$538,781
83$1,267,157$0$0$560,394
84$1,317,867$0$0$583,162
85$1,371,277$0$0$607,169
86$1,427,582$0$0$632,507
87$1,486,998$0$0$659,277
88$1,549,759$0$0$687,588
89$1,616,121$0$0$717,561
90$1,686,363$0$0$749,326
91$1,760,789$0$0$783,026
92$1,839,733$0$0$818,817
93$1,923,559$0$0$856,870
94$2,012,665$0$0$897,373
95$2,107,486$0$0$940,530
96$2,208,498$0$0$986,565
97$2,316,225$0$0$1,035,724
98$2,431,237$0$0$1,088,275
99$2,554,161$0$0$1,144,515
100$2,685,684$0$0$1,204,766