Can I retire at age 61 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$44,097$43,704$43,321$42,947$42,582$42,015
2 years$21,830$21,424$21,030$20,648$20,277$19,707
3 years$14,409$14,001$13,608$13,229$12,865$12,309
4 years$10,699$10,292$9,903$9,531$9,175$8,638
5 years$8,474$8,069$7,685$7,321$6,975$6,458
6 years$6,991$6,589$6,211$5,854$5,519$5,023
7 years$5,932$5,533$5,161$4,813$4,488$4,013
8 years$5,138$4,743$4,377$4,038$3,724$3,269
9 years$4,521$4,130$3,770$3,439$3,136$2,702
10 years$4,027$3,640$3,287$2,965$2,672$2,259
11 years$3,624$3,241$2,894$2,580$2,298$1,905
12 years$3,288$2,909$2,568$2,263$1,991$1,618
13 years$3,004$2,629$2,294$1,998$1,736$1,382
14 years$2,761$2,389$2,061$1,774$1,522$1,187
15 years$2,550$2,183$1,861$1,582$1,340$1,023
16 years$2,366$2,003$1,687$1,416$1,184$885
17 years$2,204$1,844$1,536$1,272$1,050$767
18 years$2,059$1,704$1,402$1,147$934$667
19 years$1,931$1,579$1,283$1,036$832$581
20 years$1,815$1,468$1,178$938$743$507
21 years$1,710$1,367$1,083$852$665$443
22 years$1,615$1,276$998$774$596$388
23 years$1,529$1,194$922$705$535$340
24 years$1,450$1,118$853$643$481$298
25 years$1,377$1,049$790$587$433$262
26 years$1,310$986$732$537$390$230
27 years$1,248$928$680$492$352$202
28 years$1,190$875$632$450$317$178
29 years$1,137$825$588$413$286$157
30 years$1,087$779$548$379$259$138
31 years$1,041$737$511$348$234$121
32 years$997$697$477$320$212$107
33 years$956$660$445$294$192$94
34 years$918$626$416$271$173$83
35 years$882$593$389$249$157$73
36 years$848$563$364$230$142$65
37 years$816$535$340$211$129$57
38 years$786$508$319$195$117$50
39 years$757$483$299$180$106$44
40 years$730$460$280$166$96$39
41 years$704$438$262$153$87$35
42 years$680$417$246$141$79$31
43 years$657$397$231$130$72$27
44 years$634$379$217$120$65$24
45 years$613$361$204$111$59$21
46 years$593$344$191$103$54$19
47 years$574$329$180$95$49$16
48 years$556$314$169$88$44$14
49 years$538$300$159$81$40$13
50 years$521$286$149$75$37$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $534,000, adding $5,824 every year, while hoping to spend $37,561 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: 81/11/8 Blend
60$534,000$534,000$534,000$534,000
61$594,475$566,173$557,896$641,553
62$615,147$553,951$536,621$661,006
63$636,669$539,871$513,375$676,784
64$659,087$523,803$488,051$692,964
65$682,452$505,608$460,539$709,568
66$706,819$485,140$430,724$726,617
67$732,247$462,243$398,485$744,135
68$758,798$436,755$363,696$762,151
69$786,540$408,501$326,225$780,694
70$815,549$377,299$285,935$799,798
71$845,902$342,954$242,681$819,499
72$877,688$305,263$196,315$839,840
73$910,999$264,007$146,678$860,865
74$945,937$218,960$93,608$882,626
75$982,613$169,879$36,934$905,180
76$1,021,145$116,509$0$928,588
77$1,061,664$58,580$0$954,932
78$1,104,311$0$0$985,773
79$1,149,241$0$0$1,018,565
80$1,196,621$0$0$1,060,628
81$1,246,634$0$0$1,105,034
82$1,299,478$0$0$1,151,960
83$1,355,372$0$0$1,201,601
84$1,414,552$0$0$1,254,167
85$1,477,278$0$0$1,309,890
86$1,543,833$0$0$1,369,023
87$1,614,527$0$0$1,431,841
88$1,689,697$0$0$1,498,646
89$1,769,716$0$0$1,569,770
90$1,854,988$0$0$1,645,573
91$1,945,958$0$0$1,726,452
92$2,043,113$0$0$1,812,842
93$2,146,985$0$0$1,905,217
94$2,258,159$0$0$2,004,101
95$2,377,277$0$0$2,110,063
96$2,505,042$0$0$2,223,732
97$2,642,225$0$0$2,345,797
98$2,789,674$0$0$2,477,012
99$2,948,317$0$0$2,618,207
100$3,119,176$0$0$2,770,294