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%19.4%
1 years$43,106$42,722$42,348$41,982$41,625$40,053
2 years$21,340$20,942$20,557$20,184$19,821$18,256
3 years$14,085$13,686$13,302$12,932$12,576$11,065
4 years$10,459$10,061$9,680$9,317$8,969$7,526
5 years$8,283$7,888$7,512$7,156$6,818$5,446
6 years$6,833$6,441$6,071$5,723$5,395$4,095
7 years$5,798$5,409$5,045$4,705$4,388$3,159
8 years$5,022$4,637$4,279$3,947$3,640$2,482
9 years$4,419$4,037$3,685$3,362$3,065$1,976
10 years$3,937$3,558$3,213$2,898$2,612$1,589
11 years$3,542$3,168$2,829$2,522$2,246$1,288
12 years$3,214$2,843$2,510$2,212$1,947$1,051
13 years$2,936$2,569$2,243$1,953$1,697$861
14 years$2,699$2,336$2,015$1,734$1,488$708
15 years$2,493$2,134$1,819$1,546$1,310$585
16 years$2,313$1,958$1,650$1,384$1,158$484
17 years$2,154$1,803$1,501$1,244$1,027$401
18 years$2,013$1,666$1,370$1,121$913$333
19 years$1,887$1,544$1,254$1,013$814$277
20 years$1,774$1,435$1,151$917$727$231
21 years$1,672$1,336$1,059$833$650$192
22 years$1,579$1,247$976$757$583$160
23 years$1,494$1,167$901$689$523$134
24 years$1,417$1,093$833$629$470$112
25 years$1,346$1,026$772$574$423$93
26 years$1,280$964$716$525$381$78
27 years$1,220$907$665$481$344$65
28 years$1,163$855$618$440$310$55
29 years$1,111$807$575$404$280$46
30 years$1,063$762$536$371$253$38
31 years$1,017$720$499$340$229$32
32 years$975$681$466$313$207$27
33 years$935$645$435$288$187$22
34 years$897$612$406$265$170$19
35 years$862$580$380$244$154$16
36 years$829$551$356$224$139$13
37 years$798$523$333$207$126$11
38 years$768$497$312$191$114$9
39 years$740$473$292$176$104$8
40 years$714$450$274$162$94$6
41 years$688$428$257$150$85$5
42 years$665$408$241$138$77$5
43 years$642$388$226$127$70$4
44 years$620$370$212$118$64$3
45 years$600$353$199$109$58$3
46 years$580$337$187$100$53$2
47 years$561$321$176$93$48$2
48 years$543$307$165$86$43$2
49 years$526$293$155$79$39$1
50 years$510$280$146$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $522,000, adding $2,760 every year, while hoping to spend $33,899 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: 71/5/24 Blend
60$522,000$522,000$522,000$522,000
61$578,091$550,425$542,334$615,464
62$600,988$541,327$524,434$631,689
63$625,084$530,648$504,798$645,206
64$650,467$518,274$483,332$659,189
65$677,229$504,084$459,939$673,682
66$705,474$487,952$434,515$688,732
67$735,314$469,743$406,952$704,395
68$766,871$449,315$377,140$720,730
69$800,278$426,518$344,961$737,804
70$835,681$401,192$310,292$755,694
71$873,240$373,169$273,005$774,482
72$913,127$342,271$232,968$794,264
73$955,533$308,310$190,039$815,143
74$1,000,667$271,087$144,075$837,235
75$1,048,756$230,391$94,923$860,671
76$1,100,049$186,000$42,423$885,595
77$1,154,821$137,681$0$912,168
78$1,213,370$85,185$0$944,050
79$1,276,026$28,251$0$989,779
80$1,343,147$0$0$1,038,744
81$1,415,129$0$0$1,093,078
82$1,492,404$0$0$1,153,095
83$1,575,450$0$0$1,217,611
84$1,664,787$0$0$1,287,036
85$1,760,988$0$0$1,361,817
86$1,864,684$0$0$1,442,446
87$1,976,565$0$0$1,529,463
88$2,097,390$0$0$1,623,463
89$2,227,995$0$0$1,725,097
90$2,369,297$0$0$1,835,084
91$2,522,304$0$0$1,954,211
92$2,688,126$0$0$2,083,345
93$2,867,980$0$0$2,223,439
94$3,063,207$0$0$2,375,543
95$3,275,283$0$0$2,540,808
96$3,505,829$0$0$2,720,504
97$3,756,629$0$0$2,916,025
98$4,029,647$0$0$3,128,908
99$4,327,042$0$0$3,360,841
100$4,651,193$0$0$3,613,684