Can I retire at age 61 with 527,000?

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 $527,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$43,519$43,132$42,753$42,384$42,024$40,404
2 years$21,544$21,143$20,754$20,377$20,011$18,399
3 years$14,220$13,817$13,429$13,056$12,696$11,142
4 years$10,559$10,157$9,773$9,406$9,055$7,570
5 years$8,363$7,963$7,584$7,225$6,883$5,472
6 years$6,899$6,503$6,129$5,778$5,447$4,110
7 years$5,854$5,461$5,093$4,750$4,430$3,167
8 years$5,070$4,681$4,320$3,985$3,675$2,485
9 years$4,461$4,076$3,720$3,394$3,095$1,976
10 years$3,974$3,592$3,244$2,926$2,637$1,588
11 years$3,576$3,198$2,856$2,546$2,268$1,285
12 years$3,245$2,870$2,534$2,233$1,965$1,047
13 years$2,964$2,594$2,264$1,972$1,714$857
14 years$2,724$2,358$2,034$1,750$1,502$704
15 years$2,517$2,154$1,837$1,561$1,323$580
16 years$2,335$1,976$1,665$1,398$1,169$479
17 years$2,175$1,820$1,515$1,256$1,036$397
18 years$2,032$1,682$1,383$1,132$922$329
19 years$1,905$1,559$1,266$1,023$821$273
20 years$1,791$1,448$1,162$926$734$227
21 years$1,688$1,349$1,069$841$657$189
22 years$1,594$1,259$985$764$589$157
23 years$1,509$1,178$910$696$528$131
24 years$1,431$1,104$841$635$475$109
25 years$1,359$1,036$779$580$427$91
26 years$1,292$973$723$530$385$76
27 years$1,231$916$671$485$347$64
28 years$1,175$863$624$445$313$53
29 years$1,122$814$581$408$283$44
30 years$1,073$769$541$374$255$37
31 years$1,027$727$504$344$231$31
32 years$984$688$470$316$209$26
33 years$944$651$439$290$189$22
34 years$906$617$410$267$171$18
35 years$870$586$384$246$155$15
36 years$837$556$359$227$140$13
37 years$805$528$336$209$127$11
38 years$776$502$315$192$115$9
39 years$747$477$295$177$105$7
40 years$720$454$276$164$95$6
41 years$695$432$259$151$86$5
42 years$671$411$243$139$78$4
43 years$648$392$228$129$71$4
44 years$626$374$214$119$64$3
45 years$605$356$201$110$58$3
46 years$585$340$189$101$53$2
47 years$567$324$177$94$48$2
48 years$548$310$167$86$44$1
49 years$531$296$157$80$40$1
50 years$515$283$147$74$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $527,000, adding $6,797 every year, while hoping to spend $36,136 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: 30/41/29 Blend
60$527,000$527,000$527,000$527,000
61$587,765$559,834$551,666$600,013
62$609,269$548,818$531,698$599,146
63$631,755$536,050$509,850$594,613
64$655,285$521,408$486,021$589,028
65$679,926$504,759$460,106$582,325
66$705,752$485,966$431,993$574,435
67$732,841$464,880$401,567$565,285
68$761,279$441,347$368,707$554,802
69$791,158$415,203$333,288$542,908
70$822,581$386,272$295,177$529,522
71$855,656$354,371$254,238$514,561
72$890,504$319,307$210,326$497,936
73$927,255$280,872$163,291$479,559
74$966,051$238,851$112,978$459,335
75$1,007,048$193,013$59,221$437,168
76$1,050,413$143,117$1,852$412,960
77$1,096,331$88,907$0$386,607
78$1,145,005$30,111$0$376,377
79$1,196,655$0$0$365,594
80$1,251,520$0$0$368,774
81$1,309,866$0$0$386,646
82$1,371,979$0$0$405,719
83$1,438,176$0$0$426,096
84$1,508,802$0$0$447,890
85$1,584,236$0$0$471,225
86$1,664,892$0$0$496,235
87$1,751,226$0$0$523,070
88$1,843,736$0$0$551,894
89$1,942,970$0$0$582,885
90$2,049,527$0$0$616,239
91$2,164,067$0$0$652,174
92$2,287,313$0$0$690,926
93$2,420,059$0$0$732,757
94$2,563,177$0$0$777,951
95$2,717,626$0$0$826,825
96$2,884,459$0$0$879,724
97$3,064,832$0$0$937,028
98$3,260,017$0$0$999,155
99$3,471,412$0$0$1,066,567
100$3,700,554$0$0$1,139,767