Can I retire at age 61 with 529,000?

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 $529,000?

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$43,684$43,295$42,916$42,545$42,183$40,558
2 years$21,626$21,223$20,833$20,454$20,087$18,469
3 years$14,274$13,870$13,480$13,105$12,744$11,184
4 years$10,599$10,196$9,810$9,442$9,089$7,599
5 years$8,394$7,993$7,613$7,252$6,910$5,493
6 years$6,925$6,527$6,152$5,800$5,467$4,126
7 years$5,876$5,482$5,113$4,768$4,446$3,179
8 years$5,090$4,699$4,336$4,000$3,689$2,495
9 years$4,478$4,091$3,735$3,407$3,106$1,984
10 years$3,990$3,606$3,256$2,937$2,647$1,594
11 years$3,590$3,210$2,866$2,556$2,276$1,290
12 years$3,257$2,881$2,544$2,242$1,973$1,051
13 years$2,976$2,604$2,273$1,979$1,720$860
14 years$2,735$2,367$2,042$1,757$1,508$706
15 years$2,526$2,162$1,844$1,567$1,328$582
16 years$2,344$1,984$1,672$1,403$1,173$481
17 years$2,183$1,827$1,521$1,261$1,040$398
18 years$2,040$1,688$1,389$1,136$925$330
19 years$1,913$1,565$1,271$1,027$825$274
20 years$1,798$1,454$1,167$930$737$228
21 years$1,694$1,354$1,073$844$659$190
22 years$1,600$1,264$989$767$591$158
23 years$1,514$1,182$913$699$530$132
24 years$1,436$1,108$845$637$477$110
25 years$1,364$1,040$782$582$429$92
26 years$1,297$977$725$532$386$76
27 years$1,236$920$674$487$348$64
28 years$1,179$866$626$446$314$53
29 years$1,126$817$583$409$284$45
30 years$1,077$772$543$376$256$37
31 years$1,031$730$506$345$232$31
32 years$988$690$472$317$210$26
33 years$947$654$441$292$190$22
34 years$909$620$412$268$172$18
35 years$874$588$385$247$156$15
36 years$840$558$360$227$141$13
37 years$808$530$337$210$128$11
38 years$778$504$316$193$116$9
39 years$750$479$296$178$105$7
40 years$723$456$277$164$95$6
41 years$698$434$260$152$86$5
42 years$673$413$244$140$78$4
43 years$650$394$229$129$71$4
44 years$629$375$215$119$65$3
45 years$608$358$202$110$59$3
46 years$588$341$189$102$53$2
47 years$569$326$178$94$48$2
48 years$551$311$167$87$44$1
49 years$533$297$157$80$40$1
50 years$516$284$148$74$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $529,000, adding $6,601 every year, while hoping to spend $38,469 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: 42/36/22 Blend
60$529,000$529,000$529,000$529,000
61$589,767$561,730$553,530$610,494
62$608,992$548,324$531,143$612,478
63$628,890$532,972$506,716$610,423
64$649,486$515,537$480,141$607,420
65$670,812$495,877$451,304$603,403
66$692,898$473,838$420,086$598,300
67$715,777$449,260$386,363$592,039
68$739,485$421,972$350,004$584,542
69$764,057$391,793$310,874$575,727
70$789,534$358,534$268,831$565,508
71$815,957$321,993$223,727$553,795
72$843,371$281,957$175,409$540,493
73$871,823$238,201$123,713$525,503
74$901,363$190,487$68,472$508,720
75$932,046$138,565$9,509$490,034
76$963,929$82,169$0$469,330
77$997,074$21,019$0$459,026
78$1,031,546$0$0$449,655
79$1,067,417$0$0$456,793
80$1,104,763$0$0$472,905
81$1,143,664$0$0$489,699
82$1,184,209$0$0$507,217
83$1,226,492$0$0$525,499
84$1,270,616$0$0$544,593
85$1,316,689$0$0$564,547
86$1,364,830$0$0$585,416
87$1,415,167$0$0$607,256
88$1,467,840$0$0$630,131
89$1,522,997$0$0$654,109
90$1,580,802$0$0$679,263
91$1,641,430$0$0$705,674
92$1,705,072$0$0$733,428
93$1,771,938$0$0$762,619
94$1,842,251$0$0$793,352
95$1,916,258$0$0$825,737
96$1,994,225$0$0$859,896
97$2,076,445$0$0$895,962
98$2,163,233$0$0$934,081
99$2,254,936$0$0$974,409
100$2,351,931$0$0$1,017,121