Can I retire at age 61 with 539,000?

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 $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%15.5%
1 years$44,510$44,114$43,727$43,349$42,981$42,010
2 years$22,035$21,624$21,227$20,841$20,467$19,494
3 years$14,544$14,132$13,735$13,353$12,985$12,041
4 years$10,799$10,388$9,996$9,620$9,261$8,352
5 years$8,553$8,145$7,757$7,389$7,040$6,169
6 years$7,056$6,651$6,269$5,909$5,571$4,739
7 years$5,987$5,585$5,209$4,858$4,530$3,738
8 years$5,186$4,788$4,418$4,075$3,758$3,005
9 years$4,563$4,168$3,805$3,471$3,165$2,450
10 years$4,065$3,674$3,317$2,992$2,697$2,019
11 years$3,658$3,271$2,921$2,604$2,319$1,678
12 years$3,319$2,936$2,592$2,284$2,010$1,405
13 years$3,032$2,653$2,316$2,017$1,753$1,182
14 years$2,786$2,412$2,081$1,790$1,536$999
15 years$2,574$2,203$1,879$1,597$1,353$847
16 years$2,388$2,021$1,703$1,430$1,196$721
17 years$2,224$1,862$1,550$1,284$1,060$615
18 years$2,079$1,720$1,415$1,158$943$526
19 years$1,949$1,594$1,295$1,046$840$450
20 years$1,832$1,481$1,189$947$750$386
21 years$1,726$1,380$1,093$860$672$332
22 years$1,630$1,288$1,008$782$602$285
23 years$1,543$1,205$930$712$540$246
24 years$1,463$1,129$861$649$486$212
25 years$1,390$1,059$797$593$437$182
26 years$1,322$996$739$542$394$157
27 years$1,259$937$686$496$355$136
28 years$1,201$883$638$455$320$117
29 years$1,147$833$594$417$289$101
30 years$1,097$787$553$383$261$88
31 years$1,050$744$516$351$236$76
32 years$1,006$704$481$323$214$65
33 years$965$666$449$297$193$57
34 years$927$631$420$273$175$49
35 years$890$599$392$252$159$42
36 years$856$568$367$232$144$37
37 years$824$540$344$213$130$32
38 years$793$513$322$197$118$27
39 years$764$488$301$181$107$24
40 years$737$464$283$167$97$21
41 years$711$442$265$154$88$18
42 years$686$421$249$142$80$15
43 years$663$401$233$132$73$13
44 years$640$382$219$121$66$12
45 years$619$364$206$112$60$10
46 years$599$348$193$104$54$9
47 years$579$332$181$96$49$7
48 years$561$317$170$88$45$6
49 years$543$302$160$82$41$6
50 years$526$289$151$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $539,000, adding $4,841 every year, while hoping to spend $44,888 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: 62/28/10 Blend
60$539,000$539,000$539,000$539,000
61$598,971$570,404$562,050$634,467
62$612,306$550,594$533,118$639,006
63$625,496$528,308$501,713$638,347
64$638,480$503,378$467,703$636,506
65$651,188$475,626$430,954$633,367
66$663,540$444,863$391,322$628,808
67$675,449$410,890$348,660$622,694
68$686,817$373,495$302,811$614,879
69$697,531$332,455$253,614$605,207
70$707,469$287,536$200,900$593,505
71$716,493$238,487$144,492$579,589
72$724,448$185,045$84,206$563,257
73$731,164$126,934$19,848$544,290
74$736,448$63,859$0$522,451
75$740,088$0$0$502,692
76$741,848$0$0$483,506
77$741,465$0$0$482,509
78$738,647$0$0$479,825
79$733,071$0$0$475,232
80$724,378$0$0$468,485
81$712,168$0$0$459,310
82$696,001$0$0$447,405
83$675,387$0$0$432,434
84$649,785$0$0$414,028
85$618,596$0$0$391,775
86$581,154$0$0$365,221
87$536,727$0$0$333,864
88$484,502$0$0$297,147
89$423,580$0$0$254,455
90$352,968$0$0$205,109
91$271,568$0$0$148,358
92$178,168$0$0$83,371
93$71,426$0$0$9,233
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0