Can I retire at age 61 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$44,428$44,032$43,646$43,269$42,901$41,494
2 years$21,994$21,584$21,187$20,802$20,429$19,025
3 years$14,517$14,106$13,710$13,328$12,961$11,604
4 years$10,779$10,369$9,977$9,602$9,244$7,945
5 years$8,537$8,129$7,743$7,375$7,027$5,789
6 years$7,043$6,638$6,257$5,898$5,560$4,384
7 years$5,976$5,575$5,200$4,849$4,522$3,407
8 years$5,176$4,779$4,410$4,068$3,751$2,697
9 years$4,555$4,161$3,798$3,465$3,159$2,165
10 years$4,057$3,667$3,311$2,987$2,692$1,755
11 years$3,651$3,265$2,915$2,599$2,315$1,435
12 years$3,312$2,930$2,587$2,280$2,006$1,181
13 years$3,026$2,648$2,311$2,013$1,749$976
14 years$2,781$2,407$2,077$1,787$1,534$810
15 years$2,569$2,199$1,875$1,594$1,350$675
16 years$2,384$2,018$1,700$1,427$1,193$564
17 years$2,220$1,858$1,547$1,282$1,058$472
18 years$2,075$1,717$1,412$1,155$941$396
19 years$1,945$1,591$1,293$1,044$839$332
20 years$1,828$1,479$1,186$946$749$280
21 years$1,723$1,377$1,091$858$670$235
22 years$1,627$1,286$1,006$780$601$198
23 years$1,540$1,202$929$711$539$167
24 years$1,460$1,127$859$648$485$141
25 years$1,387$1,057$796$592$436$119
26 years$1,319$994$738$541$393$101
27 years$1,257$935$685$495$354$85
28 years$1,199$881$637$454$320$72
29 years$1,145$831$593$416$289$61
30 years$1,095$785$552$382$261$51
31 years$1,048$742$515$351$236$43
32 years$1,005$702$480$322$213$37
33 years$963$665$448$296$193$31
34 years$925$630$419$273$175$26
35 years$889$598$392$251$158$22
36 years$854$567$366$231$143$19
37 years$822$539$343$213$130$16
38 years$792$512$321$196$118$14
39 years$763$487$301$181$107$11
40 years$736$463$282$167$97$10
41 years$710$441$264$154$88$8
42 years$685$420$248$142$80$7
43 years$662$400$233$131$72$6
44 years$639$382$218$121$66$5
45 years$618$364$205$112$60$4
46 years$598$347$193$103$54$4
47 years$578$331$181$96$49$3
48 years$560$316$170$88$45$3
49 years$542$302$160$82$41$2
50 years$525$288$150$75$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $538,000, adding $6,391 every year, while hoping to spend $27,540 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: 41/48/11 Blend
60$538,000$538,000$538,000$538,000
61$599,468$570,954$562,615$621,845
62$631,312$569,629$552,161$636,854
63$665,480$567,315$540,433$649,857
64$702,182$563,936$527,360$663,318
65$741,645$559,409$512,867$677,289
66$784,120$553,648$496,875$691,831
67$829,883$546,559$479,303$707,012
68$879,235$538,045$460,064$722,911
69$932,510$528,002$439,069$739,615
70$990,072$516,320$416,224$757,223
71$1,052,322$502,883$391,430$775,846
72$1,119,702$487,567$364,586$795,610
73$1,192,696$470,242$335,584$816,656
74$1,271,837$450,770$304,312$839,143
75$1,357,711$429,004$270,653$863,249
76$1,450,963$404,791$234,485$889,174
77$1,552,301$377,966$195,681$917,141
78$1,662,506$348,357$154,107$947,400
79$1,782,437$315,781$109,624$980,232
80$1,913,036$280,045$62,087$1,015,949
81$2,055,343$240,945$11,345$1,054,902
82$2,210,502$198,265$0$1,097,479
83$2,379,771$151,777$0$1,149,141
84$2,564,534$101,241$0$1,207,096
85$2,766,318$46,403$0$1,270,572
86$2,986,799$0$0$1,340,192
87$3,227,827$0$0$1,423,518
88$3,491,435$0$0$1,541,523
89$3,779,864$0$0$1,670,708
90$4,095,581$0$0$1,812,186
91$4,441,301$0$0$1,967,183
92$4,820,015$0$0$2,137,050
93$5,235,018$0$0$2,323,274
94$5,689,937$0$0$2,527,492
95$6,188,767$0$0$2,751,508
96$6,735,910$0$0$2,997,310
97$7,336,211$0$0$3,267,086
98$7,995,010$0$0$3,563,247
99$8,718,188$0$0$3,888,448
100$9,512,222$0$0$4,245,614