Can I retire at age 61 with 536,000?

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 $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%13.4%
1 years$44,262$43,868$43,483$43,108$42,741$42,137
2 years$21,912$21,504$21,108$20,725$20,353$19,746
3 years$14,463$14,053$13,659$13,279$12,913$12,321
4 years$10,739$10,331$9,940$9,567$9,210$8,638
5 years$8,505$8,099$7,714$7,348$7,001$6,451
6 years$7,017$6,614$6,234$5,876$5,540$5,012
7 years$5,954$5,554$5,180$4,831$4,505$4,000
8 years$5,157$4,761$4,393$4,053$3,737$3,255
9 years$4,538$4,145$3,784$3,452$3,147$2,687
10 years$4,042$3,654$3,299$2,976$2,682$2,244
11 years$3,637$3,253$2,904$2,590$2,306$1,890
12 years$3,300$2,920$2,578$2,272$1,999$1,603
13 years$3,015$2,638$2,303$2,005$1,743$1,368
14 years$2,771$2,398$2,069$1,780$1,528$1,173
15 years$2,559$2,191$1,868$1,588$1,345$1,009
16 years$2,375$2,010$1,694$1,422$1,189$872
17 years$2,212$1,851$1,541$1,277$1,054$755
18 years$2,067$1,711$1,407$1,151$937$655
19 years$1,938$1,585$1,288$1,040$835$570
20 years$1,822$1,473$1,182$942$746$497
21 years$1,717$1,372$1,087$855$668$434
22 years$1,621$1,281$1,002$777$599$379
23 years$1,534$1,198$925$708$537$331
24 years$1,455$1,122$856$646$483$290
25 years$1,382$1,053$793$590$435$254
26 years$1,315$990$735$539$391$223
27 years$1,252$932$683$494$353$196
28 years$1,195$878$635$452$318$172
29 years$1,141$828$590$415$288$151
30 years$1,091$782$550$381$260$133
31 years$1,044$739$513$349$235$117
32 years$1,001$700$478$321$212$103
33 years$960$663$447$295$192$90
34 years$921$628$417$272$174$80
35 years$885$596$390$250$158$70
36 years$851$565$365$230$143$62
37 years$819$537$342$212$130$54
38 years$789$510$320$196$117$48
39 years$760$485$300$180$106$42
40 years$733$462$281$166$97$37
41 years$707$439$263$154$88$33
42 years$682$419$247$142$79$29
43 years$659$399$232$131$72$25
44 years$637$380$218$121$65$22
45 years$616$362$204$112$59$20
46 years$595$346$192$103$54$17
47 years$576$330$180$95$49$15
48 years$558$315$169$88$45$14
49 years$540$301$159$81$40$12
50 years$523$287$150$75$37$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $536,000, adding $6,486 every year, while hoping to spend $36,003 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: 44/40/16 Blend
60$536,000$536,000$536,000$536,000
61$597,362$568,954$560,646$620,623
62$619,986$558,526$541,121$627,132
63$643,711$546,380$519,735$630,087
64$668,612$532,395$496,388$632,519
65$694,768$516,440$470,975$634,394
66$722,268$498,379$443,386$635,680
67$751,207$478,067$413,507$636,344
68$781,688$455,351$381,218$636,351
69$813,825$430,068$346,393$635,668
70$847,741$402,047$308,903$634,261
71$883,570$371,106$268,611$632,096
72$921,458$337,055$225,373$629,141
73$961,565$299,689$179,042$625,363
74$1,004,066$258,795$129,461$620,732
75$1,049,152$214,147$76,469$615,218
76$1,097,030$165,505$19,895$608,794
77$1,147,929$112,616$0$601,435
78$1,202,099$55,215$0$600,032
79$1,259,811$0$0$601,729
80$1,321,366$0$0$606,219
81$1,387,091$0$0$637,001
82$1,457,344$0$0$669,945
83$1,532,520$0$0$705,241
84$1,613,049$0$0$743,095
85$1,699,405$0$0$783,738
86$1,792,106$0$0$827,418
87$1,891,723$0$0$874,412
88$1,998,881$0$0$925,021
89$2,114,266$0$0$979,577
90$2,238,633$0$0$1,038,444
91$2,372,809$0$0$1,102,022
92$2,517,706$0$0$1,170,751
93$2,674,322$0$0$1,245,115
94$2,843,757$0$0$1,325,645
95$3,027,219$0$0$1,412,926
96$3,226,036$0$0$1,507,598
97$3,441,669$0$0$1,610,370
98$3,675,724$0$0$1,722,018
99$3,929,967$0$0$1,843,397
100$4,206,341$0$0$1,975,447