Can I retire at age 61 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$44,510$44,114$43,727$43,349$42,981$41,959
2 years$22,035$21,624$21,227$20,841$20,467$19,443
3 years$14,544$14,132$13,735$13,353$12,985$11,992
4 years$10,799$10,388$9,996$9,620$9,261$8,306
5 years$8,553$8,145$7,757$7,389$7,040$6,125
6 years$7,056$6,651$6,269$5,909$5,571$4,697
7 years$5,987$5,585$5,209$4,858$4,530$3,699
8 years$5,186$4,788$4,418$4,075$3,758$2,968
9 years$4,563$4,168$3,805$3,471$3,165$2,416
10 years$4,065$3,674$3,317$2,992$2,697$1,987
11 years$3,658$3,271$2,921$2,604$2,319$1,649
12 years$3,319$2,936$2,592$2,284$2,010$1,377
13 years$3,032$2,653$2,316$2,017$1,753$1,156
14 years$2,786$2,412$2,081$1,790$1,536$975
15 years$2,574$2,203$1,879$1,597$1,353$826
16 years$2,388$2,021$1,703$1,430$1,196$701
17 years$2,224$1,862$1,550$1,284$1,060$597
18 years$2,079$1,720$1,415$1,158$943$509
19 years$1,949$1,594$1,295$1,046$840$435
20 years$1,832$1,481$1,189$947$750$372
21 years$1,726$1,380$1,093$860$672$319
22 years$1,630$1,288$1,008$782$602$274
23 years$1,543$1,205$930$712$540$235
24 years$1,463$1,129$861$649$486$202
25 years$1,390$1,059$797$593$437$174
26 years$1,322$996$739$542$394$150
27 years$1,259$937$686$496$355$129
28 years$1,201$883$638$455$320$111
29 years$1,147$833$594$417$289$96
30 years$1,097$787$553$383$261$82
31 years$1,050$744$516$351$236$71
32 years$1,006$704$481$323$214$61
33 years$965$666$449$297$193$53
34 years$927$631$420$273$175$46
35 years$890$599$392$252$159$39
36 years$856$568$367$232$144$34
37 years$824$540$344$213$130$29
38 years$793$513$322$197$118$25
39 years$764$488$301$181$107$22
40 years$737$464$283$167$97$19
41 years$711$442$265$154$88$16
42 years$686$421$249$142$80$14
43 years$663$401$233$132$73$12
44 years$640$382$219$121$66$10
45 years$619$364$206$112$60$9
46 years$599$348$193$104$54$8
47 years$579$332$181$96$49$7
48 years$561$317$170$88$45$6
49 years$543$302$160$82$41$5
50 years$526$289$151$76$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $539,000, adding $4,436 every year, while hoping to spend $41,253 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: 56/38/6 Blend
60$539,000$539,000$539,000$539,000
61$598,554$569,987$561,632$631,059
62$615,713$554,023$536,554$637,498
63$633,241$535,895$509,253$639,503
64$651,129$515,452$479,611$640,666
65$669,372$492,536$447,506$640,913
66$687,958$466,980$412,807$640,162
67$706,874$438,607$375,380$638,326
68$726,105$407,229$335,086$635,313
69$745,632$372,648$291,776$631,022
70$765,433$334,654$245,297$625,349
71$785,482$293,027$195,489$618,177
72$805,749$247,532$142,185$609,385
73$826,196$197,923$85,210$598,842
74$846,785$143,938$24,381$586,408
75$867,468$85,301$0$571,931
76$888,192$21,723$0$557,846
77$908,894$0$0$543,220
78$929,507$0$0$546,014
79$949,951$0$0$557,761
80$970,139$0$0$569,322
81$989,968$0$0$580,634
82$1,009,329$0$0$591,627
83$1,028,093$0$0$602,223
84$1,046,119$0$0$612,332
85$1,063,248$0$0$621,855
86$1,079,302$0$0$630,682
87$1,094,084$0$0$638,690
88$1,107,372$0$0$645,741
89$1,118,918$0$0$651,680
90$1,128,447$0$0$656,338
91$1,135,654$0$0$659,524
92$1,140,197$0$0$661,026
93$1,141,697$0$0$660,610
94$1,139,734$0$0$658,014
95$1,133,841$0$0$652,949
96$1,123,500$0$0$645,094
97$1,108,135$0$0$634,092
98$1,087,108$0$0$619,549
99$1,059,715$0$0$601,027
100$1,025,171$0$0$578,041