Can I retire at age 61 with 528,000?

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 $528,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$43,602$43,213$42,834$42,465$42,103$41,069
2 years$21,585$21,183$20,793$20,416$20,049$19,013
3 years$14,247$13,843$13,455$13,081$12,720$11,715
4 years$10,579$10,176$9,792$9,424$9,072$8,106
5 years$8,378$7,978$7,599$7,238$6,896$5,972
6 years$6,912$6,515$6,141$5,789$5,457$4,575
7 years$5,865$5,471$5,103$4,759$4,438$3,598
8 years$5,080$4,690$4,328$3,992$3,682$2,884
9 years$4,470$4,083$3,728$3,401$3,101$2,344
10 years$3,982$3,599$3,250$2,931$2,642$1,926
11 years$3,583$3,204$2,861$2,551$2,272$1,596
12 years$3,251$2,876$2,539$2,238$1,969$1,331
13 years$2,970$2,599$2,269$1,976$1,717$1,116
14 years$2,730$2,362$2,038$1,754$1,505$940
15 years$2,521$2,158$1,840$1,564$1,325$795
16 years$2,339$1,980$1,668$1,400$1,171$674
17 years$2,179$1,824$1,518$1,258$1,038$573
18 years$2,036$1,685$1,386$1,134$923$488
19 years$1,909$1,562$1,269$1,025$823$417
20 years$1,795$1,451$1,164$928$735$356
21 years$1,691$1,352$1,071$842$658$305
22 years$1,597$1,262$987$766$590$261
23 years$1,512$1,180$911$697$529$224
24 years$1,433$1,106$843$636$476$192
25 years$1,361$1,038$781$581$428$165
26 years$1,295$975$724$531$386$142
27 years$1,234$918$672$486$348$122
28 years$1,177$865$625$445$314$105
29 years$1,124$816$582$408$283$90
30 years$1,075$770$542$375$256$77
31 years$1,029$728$505$344$231$67
32 years$986$689$471$316$209$57
33 years$946$653$440$291$189$49
34 years$908$619$411$268$172$43
35 years$872$587$384$246$155$37
36 years$839$557$360$227$141$32
37 years$807$529$337$209$128$27
38 years$777$503$315$193$116$23
39 years$749$478$295$178$105$20
40 years$722$455$277$164$95$17
41 years$696$433$260$151$86$15
42 years$672$412$243$140$78$13
43 years$649$393$228$129$71$11
44 years$627$374$214$119$65$10
45 years$606$357$201$110$59$8
46 years$587$341$189$101$53$7
47 years$568$325$178$94$48$6
48 years$549$310$167$87$44$5
49 years$532$296$157$80$40$5
50 years$516$283$148$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $528,000, adding $3,132 every year, while hoping to spend $35,013 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: 27/44/29 Blend
60$528,000$528,000$528,000$528,000
61$585,087$557,103$548,919$595,552
62$607,512$547,147$530,054$594,356
63$631,051$535,530$509,384$589,872
64$655,781$522,134$486,810$584,353
65$681,784$506,832$462,233$577,734
66$709,152$489,493$435,543$569,951
67$737,983$469,976$406,632$560,934
68$768,385$448,132$375,381$550,611
69$800,474$423,804$341,670$538,910
70$834,378$396,826$305,372$525,752
71$870,236$367,022$266,353$511,059
72$908,201$334,207$224,476$494,749
73$948,438$298,183$179,597$476,737
74$991,128$258,744$131,563$456,936
75$1,036,470$215,669$80,217$435,257
76$1,084,681$168,728$25,395$411,608
77$1,135,997$117,675$0$385,895
78$1,190,680$62,252$0$368,267
79$1,249,012$2,185$0$357,435
80$1,311,307$0$0$345,491
81$1,377,904$0$0$362,807
82$1,449,179$0$0$382,529
83$1,525,542$0$0$403,717
84$1,607,444$0$0$426,505
85$1,695,377$0$0$451,038
86$1,789,885$0$0$477,475
87$1,891,563$0$0$505,993
88$2,001,064$0$0$536,784
89$2,119,105$0$0$570,060
90$2,246,476$0$0$606,053
91$2,384,041$0$0$645,020
92$2,532,754$0$0$687,242
93$2,693,660$0$0$733,028
94$2,867,910$0$0$782,718
95$3,056,767$0$0$836,686
96$3,261,622$0$0$895,345
97$3,484,003$0$0$959,146
98$3,725,593$0$0$1,028,588
99$3,988,241$0$0$1,104,219
100$4,273,982$0$0$1,186,641