Can I retire at age 61 with 536,000?

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 $536,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$44,262$43,868$43,483$43,108$42,741$42,207
2 years$21,912$21,504$21,108$20,725$20,353$19,816
3 years$14,463$14,053$13,659$13,279$12,913$12,389
4 years$10,739$10,331$9,940$9,567$9,210$8,703
5 years$8,505$8,099$7,714$7,348$7,001$6,513
6 years$7,017$6,614$6,234$5,876$5,540$5,071
7 years$5,954$5,554$5,180$4,831$4,505$4,057
8 years$5,157$4,761$4,393$4,053$3,737$3,308
9 years$4,538$4,145$3,784$3,452$3,147$2,738
10 years$4,042$3,654$3,299$2,976$2,682$2,291
11 years$3,637$3,253$2,904$2,590$2,306$1,935
12 years$3,300$2,920$2,578$2,272$1,999$1,645
13 years$3,015$2,638$2,303$2,005$1,743$1,408
14 years$2,771$2,398$2,069$1,780$1,528$1,210
15 years$2,559$2,191$1,868$1,588$1,345$1,044
16 years$2,375$2,010$1,694$1,422$1,189$904
17 years$2,212$1,851$1,541$1,277$1,054$785
18 years$2,067$1,711$1,407$1,151$937$684
19 years$1,938$1,585$1,288$1,040$835$597
20 years$1,822$1,473$1,182$942$746$521
21 years$1,717$1,372$1,087$855$668$456
22 years$1,621$1,281$1,002$777$599$400
23 years$1,534$1,198$925$708$537$351
24 years$1,455$1,122$856$646$483$308
25 years$1,382$1,053$793$590$435$271
26 years$1,315$990$735$539$391$239
27 years$1,252$932$683$494$353$210
28 years$1,195$878$635$452$318$185
29 years$1,141$828$590$415$288$163
30 years$1,091$782$550$381$260$144
31 years$1,044$739$513$349$235$127
32 years$1,001$700$478$321$212$112
33 years$960$663$447$295$192$99
34 years$921$628$417$272$174$87
35 years$885$596$390$250$158$77
36 years$851$565$365$230$143$68
37 years$819$537$342$212$130$60
38 years$789$510$320$196$117$53
39 years$760$485$300$180$106$47
40 years$733$462$281$166$97$42
41 years$707$439$263$154$88$37
42 years$682$419$247$142$79$33
43 years$659$399$232$131$72$29
44 years$637$380$218$121$65$25
45 years$616$362$204$112$59$23
46 years$595$346$192$103$54$20
47 years$576$330$180$95$49$18
48 years$558$315$169$88$45$16
49 years$540$301$159$81$40$14
50 years$523$287$150$75$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $536,000, adding $4,067 every year, while hoping to spend $25,584 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: 70/18/12 Blend
60$536,000$536,000$536,000$536,000
61$594,867$566,459$558,151$634,708
62$628,322$566,994$549,628$662,206
63$664,333$566,699$539,962$688,802
64$703,131$565,504$529,087$717,231
65$744,975$563,338$516,936$747,671
66$790,146$560,125$503,437$780,314
67$838,954$555,784$488,515$815,376
68$891,739$550,229$472,092$853,092
69$948,875$543,368$454,086$893,726
70$1,010,773$535,107$434,411$937,564
71$1,077,886$525,341$412,978$984,925
72$1,150,711$513,964$389,693$1,036,162
73$1,229,795$500,859$364,459$1,091,662
74$1,315,740$485,907$337,174$1,151,854
75$1,409,207$468,978$307,731$1,217,211
76$1,510,924$449,936$276,018$1,288,255
77$1,621,693$428,637$241,919$1,365,563
78$1,742,394$404,929$205,312$1,449,771
79$1,873,999$378,651$166,071$1,541,581
80$2,017,575$349,633$124,062$1,641,768
81$2,174,297$317,694$79,147$1,751,189
82$2,345,458$282,645$31,182$1,870,787
83$2,532,484$244,283$0$2,001,604
84$2,736,942$202,398$0$2,147,352
85$2,960,558$156,763$0$2,311,165
86$3,205,234$107,143$0$2,490,468
87$3,473,061$53,286$0$2,686,829
88$3,766,344$0$0$2,901,975
89$4,087,622$0$0$3,138,815
90$4,439,689$0$0$3,409,947
91$4,825,624$0$0$3,707,190
92$5,248,816$0$0$4,033,158
93$5,713,000$0$0$4,390,733
94$6,222,287$0$0$4,783,084
95$6,781,209$0$0$5,213,708
96$7,394,755$0$0$5,686,451
97$8,068,421$0$0$6,205,555
98$8,808,262$0$0$6,775,688
99$9,620,947$0$0$7,401,995
100$10,513,826$0$0$8,090,144