Can I retire at age 61 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$43,189$42,804$42,429$42,062$41,705$40,257
2 years$21,381$20,982$20,597$20,222$19,859$18,416
3 years$14,112$13,712$13,327$12,957$12,600$11,206
4 years$10,479$10,080$9,699$9,335$8,986$7,652
5 years$8,299$7,903$7,527$7,170$6,831$5,561
6 years$6,847$6,453$6,083$5,734$5,405$4,200
7 years$5,809$5,419$5,055$4,714$4,396$3,255
8 years$5,032$4,645$4,287$3,954$3,647$2,569
9 years$4,428$4,045$3,692$3,368$3,071$2,056
10 years$3,944$3,565$3,219$2,904$2,617$1,662
11 years$3,549$3,174$2,834$2,527$2,251$1,354
12 years$3,220$2,849$2,515$2,216$1,950$1,110
13 years$2,942$2,574$2,247$1,957$1,701$915
14 years$2,704$2,340$2,019$1,737$1,491$757
15 years$2,497$2,138$1,823$1,549$1,313$628
16 years$2,317$1,961$1,653$1,387$1,160$523
17 years$2,158$1,806$1,504$1,246$1,029$436
18 years$2,017$1,669$1,373$1,123$915$364
19 years$1,891$1,547$1,257$1,015$815$305
20 years$1,778$1,437$1,153$919$728$255
21 years$1,675$1,339$1,061$834$652$214
22 years$1,582$1,250$978$758$584$180
23 years$1,497$1,169$903$691$524$151
24 years$1,420$1,095$835$630$471$127
25 years$1,348$1,028$773$575$424$107
26 years$1,283$966$717$526$382$90
27 years$1,222$909$666$482$344$76
28 years$1,166$857$619$441$311$64
29 years$1,113$808$576$405$281$54
30 years$1,065$763$537$371$254$45
31 years$1,019$721$500$341$229$38
32 years$977$683$467$313$207$32
33 years$937$646$436$288$188$27
34 years$899$613$407$265$170$23
35 years$864$581$381$244$154$19
36 years$831$552$356$225$139$16
37 years$799$524$333$207$126$14
38 years$770$498$312$191$115$11
39 years$742$473$292$176$104$10
40 years$715$450$274$162$94$8
41 years$690$429$257$150$85$7
42 years$666$408$241$138$78$6
43 years$643$389$226$128$70$5
44 years$621$371$212$118$64$4
45 years$601$354$199$109$58$3
46 years$581$337$187$101$53$3
47 years$562$322$176$93$48$2
48 years$544$307$165$86$43$2
49 years$527$294$155$79$39$2
50 years$511$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 $523,000, adding $6,665 every year, while hoping to spend $35,516 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: 62/21/17 Blend
60$523,000$523,000$523,000$523,000
61$583,221$555,502$547,395$616,481
62$604,921$544,933$527,944$629,100
63$627,644$532,655$506,651$638,274
64$651,456$518,549$483,417$647,451
65$676,431$502,484$458,138$656,636
66$702,647$484,326$430,706$665,831
67$730,190$463,930$401,007$675,045
68$759,152$441,146$368,924$684,287
69$789,634$415,810$334,331$693,569
70$821,747$387,755$297,101$702,905
71$855,609$356,799$257,098$712,314
72$891,352$322,753$214,182$721,820
73$929,117$285,415$168,204$731,448
74$969,060$244,574$119,012$741,232
75$1,011,351$200,004$66,445$751,209
76$1,056,173$151,469$10,336$761,424
77$1,103,730$98,718$0$771,931
78$1,154,242$41,487$0$791,776
79$1,207,951$0$0$814,627
80$1,265,122$0$0$843,463
81$1,326,044$0$0$884,428
82$1,391,034$0$0$928,152
83$1,460,440$0$0$974,872
84$1,534,642$0$0$1,024,847
85$1,614,057$0$0$1,078,361
86$1,699,144$0$0$1,135,726
87$1,790,404$0$0$1,197,285
88$1,888,388$0$0$1,263,412
89$1,993,700$0$0$1,334,521
90$2,107,004$0$0$1,411,064
91$2,229,028$0$0$1,493,537
92$2,360,572$0$0$1,582,487
93$2,502,516$0$0$1,678,512
94$2,655,825$0$0$1,782,273
95$2,821,560$0$0$1,894,492
96$3,000,887$0$0$2,015,967
97$3,195,089$0$0$2,147,571
98$3,405,575$0$0$2,290,267
99$3,633,896$0$0$2,445,113
100$3,881,754$0$0$2,613,272