Can I retire at age 61 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$43,932$43,541$43,159$42,786$42,422$40,999
2 years$21,749$21,343$20,951$20,570$20,201$18,781
3 years$14,355$13,948$13,557$13,180$12,816$11,444
4 years$10,659$10,253$9,866$9,495$9,141$7,827
5 years$8,442$8,039$7,656$7,293$6,949$5,697
6 years$6,964$6,564$6,187$5,832$5,498$4,309
7 years$5,909$5,513$5,142$4,795$4,472$3,346
8 years$5,119$4,725$4,361$4,023$3,710$2,646
9 years$4,504$4,114$3,756$3,426$3,124$2,121
10 years$4,012$3,627$3,274$2,954$2,662$1,718
11 years$3,610$3,229$2,883$2,570$2,289$1,402
12 years$3,276$2,898$2,558$2,255$1,984$1,152
13 years$2,993$2,619$2,286$1,990$1,730$951
14 years$2,750$2,380$2,054$1,767$1,516$789
15 years$2,540$2,174$1,854$1,576$1,335$656
16 years$2,357$1,995$1,681$1,411$1,180$547
17 years$2,195$1,837$1,530$1,268$1,046$457
18 years$2,052$1,698$1,396$1,142$930$383
19 years$1,923$1,574$1,278$1,032$829$321
20 years$1,808$1,462$1,173$935$741$270
21 years$1,704$1,362$1,079$849$663$227
22 years$1,609$1,271$995$772$594$191
23 years$1,523$1,189$918$703$533$161
24 years$1,444$1,114$849$641$479$135
25 years$1,372$1,045$787$585$431$114
26 years$1,305$983$730$535$389$96
27 years$1,243$925$677$490$350$81
28 years$1,186$871$630$449$316$68
29 years$1,132$822$586$412$285$58
30 years$1,083$776$546$378$258$49
31 years$1,037$734$509$347$233$41
32 years$993$694$475$319$211$35
33 years$953$658$443$293$191$29
34 years$915$623$414$270$173$25
35 years$879$591$387$248$157$21
36 years$845$561$362$229$142$18
37 years$813$533$339$211$129$15
38 years$783$506$318$194$117$13
39 years$754$482$298$179$106$11
40 years$727$458$279$165$96$9
41 years$702$436$261$152$87$8
42 years$677$415$245$141$79$6
43 years$654$396$230$130$72$5
44 years$632$377$216$120$65$5
45 years$611$360$203$111$59$4
46 years$591$343$191$102$54$3
47 years$572$328$179$94$49$3
48 years$554$313$168$87$44$2
49 years$536$299$158$81$40$2
50 years$519$285$149$75$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $532,000, adding $5,261 every year, while hoping to spend $26,601 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: 71/13/16 Blend
60$532,000$532,000$532,000$532,000
61$591,691$563,495$555,249$631,154
62$623,740$562,803$545,546$657,369
63$658,167$561,185$534,627$682,354
64$695,185$558,569$522,423$709,021
65$735,031$554,876$508,861$737,531
66$777,963$550,023$493,866$768,062
67$824,264$543,923$477,360$800,813
68$874,247$536,484$459,260$836,001
69$928,254$527,605$439,479$873,866
70$986,663$517,185$417,928$914,674
71$1,049,886$505,110$394,512$958,719
72$1,118,380$491,266$369,134$1,006,324
73$1,192,644$475,528$341,689$1,057,848
74$1,273,229$457,764$312,071$1,113,685
75$1,360,740$437,836$280,167$1,174,271
76$1,455,843$415,598$245,861$1,240,088
77$1,559,270$390,893$209,028$1,311,668
78$1,671,828$363,559$169,542$1,389,597
79$1,794,401$333,420$127,269$1,474,525
80$1,927,967$300,295$82,070$1,567,165
81$2,073,598$263,988$33,798$1,668,307
82$2,232,477$224,295$0$1,778,824
83$2,405,903$180,999$0$1,902,701
84$2,595,309$133,872$0$2,044,330
85$2,802,270$82,671$0$2,199,136
86$3,028,522$27,142$0$2,368,439
87$3,275,975$0$0$2,553,700
88$3,546,732$0$0$2,761,241
89$3,843,110$0$0$2,992,699
90$4,167,658$0$0$3,246,184
91$4,523,186$0$0$3,523,893
92$4,912,786$0$0$3,828,247
93$5,339,864$0$0$4,161,910
94$5,808,173$0$0$4,527,817
95$6,321,844$0$0$4,929,200
96$6,885,428$0$0$5,369,619
97$7,503,938$0$0$5,852,998
98$8,182,897$0$0$6,383,654
99$8,928,387$0$0$6,966,348
100$9,747,108$0$0$7,606,321