Can I retire at age 61 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$43,849$43,459$43,078$42,706$42,343$41,762
2 years$21,708$21,303$20,912$20,532$20,163$19,579
3 years$14,328$13,922$13,531$13,155$12,792$12,223
4 years$10,639$10,234$9,847$9,477$9,124$8,573
5 years$8,426$8,024$7,642$7,279$6,936$6,406
6 years$6,951$6,552$6,176$5,821$5,488$4,980
7 years$5,898$5,502$5,132$4,786$4,463$3,977
8 years$5,109$4,716$4,352$4,015$3,703$3,238
9 years$4,495$4,107$3,749$3,420$3,118$2,675
10 years$4,005$3,620$3,268$2,948$2,657$2,234
11 years$3,603$3,222$2,877$2,566$2,285$1,883
12 years$3,269$2,892$2,554$2,250$1,980$1,599
13 years$2,987$2,614$2,281$1,987$1,727$1,365
14 years$2,745$2,376$2,050$1,764$1,514$1,171
15 years$2,536$2,170$1,851$1,573$1,333$1,008
16 years$2,353$1,991$1,678$1,408$1,178$871
17 years$2,191$1,834$1,527$1,265$1,044$755
18 years$2,048$1,695$1,394$1,140$929$656
19 years$1,920$1,571$1,276$1,030$828$571
20 years$1,805$1,459$1,171$933$739$498
21 years$1,701$1,359$1,077$847$662$435
22 years$1,606$1,269$993$770$593$380
23 years$1,520$1,187$917$701$532$333
24 years$1,441$1,112$848$640$478$292
25 years$1,369$1,044$785$584$431$256
26 years$1,302$981$728$534$388$225
27 years$1,241$923$676$489$350$198
28 years$1,183$870$629$448$315$174
29 years$1,130$821$585$411$285$153
30 years$1,081$775$545$377$257$134
31 years$1,035$733$508$346$233$118
32 years$991$693$474$318$211$104
33 years$951$656$443$293$191$92
34 years$913$622$413$269$172$81
35 years$877$590$387$248$156$71
36 years$843$560$362$228$142$63
37 years$812$532$338$210$128$55
38 years$781$506$317$194$116$49
39 years$753$481$297$179$105$43
40 years$726$457$278$165$96$38
41 years$700$435$261$152$87$33
42 years$676$415$245$140$79$29
43 years$653$395$230$130$71$26
44 years$631$377$216$120$65$23
45 years$610$359$202$110$59$20
46 years$590$343$190$102$53$18
47 years$571$327$179$94$49$16
48 years$553$312$168$87$44$14
49 years$535$298$158$81$40$12
50 years$518$285$148$74$36$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $531,000, adding $3,009 every year, while hoping to spend $29,361 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: 40/42/18 Blend
60$531,000$531,000$531,000$531,000
61$588,266$560,123$551,892$608,546
62$617,029$556,329$539,141$619,496
63$647,742$551,365$524,978$628,279
64$680,573$545,143$509,326$637,166
65$715,705$537,569$492,102$646,182
66$753,341$528,544$473,222$655,356
67$793,702$517,962$452,595$664,723
68$837,030$505,713$430,127$674,323
69$883,593$491,679$405,722$684,205
70$933,682$475,734$379,277$694,422
71$987,619$457,747$350,684$705,038
72$1,045,757$437,577$319,833$716,128
73$1,108,483$415,077$286,606$727,774
74$1,176,224$390,091$250,882$740,072
75$1,249,445$362,452$212,534$753,134
76$1,328,663$331,987$171,428$767,083
77$1,414,442$298,509$127,426$782,062
78$1,507,403$261,824$80,383$798,230
79$1,608,230$221,726$30,148$815,772
80$1,717,674$177,995$0$834,892
81$1,836,562$130,402$0$860,329
82$1,965,802$78,702$0$894,310
83$2,106,395$22,640$0$931,366
84$2,259,442$0$0$971,863
85$2,426,151$0$0$1,033,797
86$2,607,857$0$0$1,112,770
87$2,806,026$0$0$1,198,964
88$3,022,271$0$0$1,293,090
89$3,258,369$0$0$1,395,930
90$3,516,276$0$0$1,508,343
91$3,798,144$0$0$1,631,280
92$4,106,343$0$0$1,765,781
93$4,443,484$0$0$1,912,998
94$4,812,439$0$0$2,074,194
95$5,216,373$0$0$2,250,763
96$5,658,770$0$0$2,444,240
97$6,143,466$0$0$2,656,315
98$6,674,688$0$0$2,888,848
99$7,257,089$0$0$3,143,890
100$7,895,795$0$0$3,423,698