Can I retire at age 61 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$44,840$44,441$44,051$43,671$43,300$42,776
2 years$22,198$21,785$21,384$20,996$20,619$20,092
3 years$14,652$14,237$13,837$13,452$13,081$12,568
4 years$10,879$10,465$10,070$9,691$9,330$8,833
5 years$8,616$8,205$7,815$7,444$7,092$6,614
6 years$7,108$6,700$6,315$5,953$5,612$5,153
7 years$6,032$5,627$5,248$4,894$4,564$4,124
8 years$5,224$4,823$4,451$4,106$3,786$3,365
9 years$4,597$4,199$3,833$3,497$3,189$2,787
10 years$4,095$3,702$3,342$3,015$2,717$2,334
11 years$3,685$3,295$2,942$2,624$2,337$1,972
12 years$3,343$2,958$2,611$2,301$2,025$1,678
13 years$3,054$2,673$2,333$2,032$1,766$1,436
14 years$2,807$2,430$2,096$1,803$1,548$1,235
15 years$2,593$2,219$1,893$1,608$1,363$1,067
16 years$2,406$2,036$1,716$1,440$1,204$925
17 years$2,241$1,875$1,561$1,294$1,068$804
18 years$2,094$1,733$1,425$1,166$950$700
19 years$1,963$1,606$1,305$1,054$846$611
20 years$1,845$1,492$1,198$954$756$535
21 years$1,739$1,390$1,101$866$677$468
22 years$1,643$1,298$1,015$787$606$411
23 years$1,555$1,214$937$717$544$361
24 years$1,474$1,137$867$654$489$317
25 years$1,400$1,067$803$597$440$279
26 years$1,332$1,003$745$546$397$246
27 years$1,269$944$691$500$358$217
28 years$1,210$889$643$458$323$191
29 years$1,156$839$598$420$291$169
30 years$1,105$792$557$386$263$149
31 years$1,058$749$519$354$238$131
32 years$1,014$709$485$325$215$116
33 years$972$671$453$299$195$103
34 years$934$636$423$275$176$91
35 years$897$603$395$253$160$80
36 years$862$573$370$233$145$71
37 years$830$544$346$215$131$63
38 years$799$517$324$198$119$55
39 years$770$492$304$183$108$49
40 years$742$468$285$169$98$43
41 years$716$445$267$156$89$38
42 years$691$424$250$144$81$34
43 years$668$404$235$133$73$30
44 years$645$385$221$122$66$27
45 years$624$367$207$113$60$24
46 years$603$350$194$104$55$21
47 years$584$334$183$96$50$18
48 years$565$319$172$89$45$16
49 years$547$305$161$82$41$14
50 years$530$291$152$76$37$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $543,000, adding $3,843 every year, while hoping to spend $36,780 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: 46/40/14 Blend
60$543,000$543,000$543,000$543,000
61$602,350$573,571$565,155$627,504
62$624,656$562,542$544,954$634,330
63$648,005$549,741$522,843$637,682
64$672,463$535,040$498,721$640,513
65$698,105$518,308$472,478$642,787
66$725,009$499,402$444,004$644,469
67$753,262$478,175$413,180$645,523
68$782,958$454,468$379,884$645,914
69$814,197$428,115$343,988$645,604
70$847,092$398,939$305,358$644,556
71$881,761$366,753$263,854$642,733
72$918,338$331,361$219,330$640,097
73$956,964$292,553$171,633$636,613
74$997,796$250,110$120,604$632,242
75$1,041,005$203,799$66,078$626,951
76$1,086,776$153,374$7,880$620,706
77$1,135,312$98,574$0$613,474
78$1,186,837$39,127$0$613,326
79$1,241,592$0$0$613,918
80$1,299,844$0$0$625,195
81$1,361,883$0$0$655,582
82$1,428,028$0$0$688,016
83$1,498,628$0$0$722,674
84$1,574,064$0$0$759,749
85$1,654,756$0$0$799,451
86$1,741,163$0$0$842,012
87$1,833,789$0$0$887,686
88$1,933,186$0$0$936,752
89$2,039,960$0$0$989,517
90$2,154,778$0$0$1,046,316
91$2,278,369$0$0$1,107,518
92$2,411,536$0$0$1,173,529
93$2,555,161$0$0$1,244,794
94$2,710,211$0$0$1,321,803
95$2,877,751$0$0$1,405,092
96$3,058,949$0$0$1,495,254
97$3,255,091$0$0$1,592,937
98$3,467,590$0$0$1,698,858
99$3,697,999$0$0$1,813,800
100$3,948,026$0$0$1,938,629