Can I retire at age 61 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$44,923$44,523$44,132$43,751$43,379$42,279
2 years$22,239$21,825$21,424$21,034$20,657$19,556
3 years$14,679$14,263$13,862$13,477$13,106$12,038
4 years$10,899$10,485$10,088$9,709$9,347$8,321
5 years$8,632$8,220$7,829$7,458$7,105$6,124
6 years$7,121$6,712$6,327$5,964$5,622$4,686
7 years$6,043$5,637$5,258$4,903$4,572$3,681
8 years$5,234$4,832$4,459$4,113$3,793$2,947
9 years$4,605$4,207$3,841$3,504$3,194$2,393
10 years$4,103$3,708$3,348$3,020$2,722$1,964
11 years$3,692$3,301$2,948$2,628$2,341$1,625
12 years$3,349$2,963$2,616$2,305$2,029$1,354
13 years$3,060$2,678$2,337$2,035$1,769$1,134
14 years$2,812$2,434$2,100$1,807$1,551$954
15 years$2,598$2,224$1,896$1,611$1,365$805
16 years$2,410$2,040$1,719$1,443$1,207$682
17 years$2,245$1,879$1,564$1,296$1,070$579
18 years$2,098$1,736$1,428$1,168$951$492
19 years$1,967$1,609$1,307$1,056$848$419
20 years$1,849$1,495$1,200$956$757$358
21 years$1,742$1,393$1,104$868$678$306
22 years$1,646$1,300$1,017$789$608$261
23 years$1,557$1,216$939$718$545$224
24 years$1,477$1,139$868$655$490$192
25 years$1,403$1,069$804$598$441$164
26 years$1,334$1,005$746$547$397$141
27 years$1,271$946$693$501$358$121
28 years$1,212$891$644$459$323$104
29 years$1,158$841$599$421$292$89
30 years$1,107$794$558$386$264$77
31 years$1,060$750$520$355$238$66
32 years$1,016$710$486$326$216$57
33 years$974$672$453$300$195$49
34 years$935$637$424$276$177$42
35 years$899$605$396$254$160$36
36 years$864$574$370$234$145$31
37 years$831$545$347$215$131$27
38 years$801$518$325$199$119$23
39 years$771$492$304$183$108$20
40 years$744$469$285$169$98$17
41 years$718$446$267$156$89$15
42 years$693$425$251$144$81$13
43 years$669$405$235$133$73$11
44 years$646$386$221$123$66$9
45 years$625$368$207$113$60$8
46 years$604$351$195$105$55$7
47 years$585$335$183$97$50$6
48 years$566$320$172$89$45$5
49 years$548$305$162$82$41$4
50 years$531$292$152$76$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $544,000, adding $6,851 every year, while hoping to spend $45,006 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: 84/10/6 Blend
60$544,000$544,000$544,000$544,000
61$606,555$577,723$569,291$656,726
62$620,537$558,145$540,476$670,917
63$634,438$536,100$509,188$679,671
64$648,200$511,418$475,295$687,864
65$661,761$483,923$438,662$695,410
66$675,050$453,424$399,146$702,215
67$687,987$419,723$356,599$708,175
68$700,481$382,610$310,866$713,175
69$712,434$341,861$261,783$717,089
70$723,731$297,241$209,182$719,778
71$734,247$248,502$152,885$721,088
72$743,842$195,380$92,708$720,850
73$752,359$137,599$28,459$718,879
74$759,623$74,864$0$714,970
75$765,439$6,868$0$711,464
76$769,591$0$0$707,657
77$771,838$0$0$708,808
78$771,913$0$0$708,699
79$769,517$0$0$706,297
80$764,321$0$0$701,297
81$755,960$0$0$693,361
82$744,026$0$0$682,112
83$728,070$0$0$667,134
84$707,593$0$0$647,964
85$682,044$0$0$624,091
86$650,810$0$0$594,950
87$613,215$0$0$559,913
88$568,510$0$0$518,287
89$515,867$0$0$469,305
90$454,369$0$0$412,119
91$383,004$0$0$345,791
92$300,651$0$0$269,283
93$206,074$0$0$181,451
94$97,905$0$0$81,027
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