Can I retire at age 61 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$45,584$45,178$44,781$44,395$44,017$42,763
2 years$22,566$22,146$21,739$21,344$20,961$19,706
3 years$14,895$14,473$14,066$13,675$13,298$12,084
4 years$11,060$10,639$10,237$9,852$9,484$8,319
5 years$8,759$8,341$7,944$7,567$7,210$6,096
6 years$7,226$6,811$6,420$6,052$5,705$4,645
7 years$6,132$5,720$5,335$4,975$4,640$3,633
8 years$5,311$4,903$4,525$4,174$3,849$2,895
9 years$4,673$4,269$3,897$3,555$3,241$2,339
10 years$4,163$3,763$3,397$3,065$2,762$1,910
11 years$3,746$3,350$2,991$2,667$2,375$1,572
12 years$3,399$3,007$2,655$2,339$2,058$1,303
13 years$3,105$2,717$2,372$2,065$1,795$1,085
14 years$2,854$2,470$2,131$1,833$1,573$908
15 years$2,636$2,256$1,924$1,635$1,385$762
16 years$2,446$2,070$1,744$1,464$1,224$642
17 years$2,278$1,906$1,587$1,315$1,086$541
18 years$2,129$1,762$1,449$1,185$965$458
19 years$1,996$1,633$1,326$1,071$860$388
20 years$1,876$1,517$1,217$970$769$329
21 years$1,768$1,413$1,120$880$688$279
22 years$1,670$1,319$1,032$801$616$237
23 years$1,580$1,234$953$729$553$202
24 years$1,498$1,156$881$665$497$172
25 years$1,423$1,085$816$607$448$146
26 years$1,354$1,020$757$555$403$125
27 years$1,290$960$703$508$363$106
28 years$1,230$904$653$466$328$91
29 years$1,175$853$608$427$296$77
30 years$1,124$806$566$392$268$66
31 years$1,076$761$528$360$242$56
32 years$1,031$721$493$331$219$48
33 years$989$682$460$304$198$41
34 years$949$647$430$280$179$35
35 years$912$613$402$258$162$30
36 years$877$582$376$237$147$26
37 years$844$553$352$219$133$22
38 years$812$526$330$202$121$19
39 years$783$500$309$186$110$16
40 years$755$475$289$171$99$14
41 years$728$453$271$158$90$12
42 years$703$431$255$146$82$10
43 years$679$411$239$135$74$9
44 years$656$391$224$124$67$7
45 years$634$373$210$115$61$6
46 years$613$356$198$106$56$5
47 years$593$340$186$98$50$5
48 years$574$324$175$91$46$4
49 years$556$310$164$84$42$3
50 years$539$296$154$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $552,000, adding $2,503 every year, while hoping to spend $29,757 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: 68/14/18 Blend
60$552,000$552,000$552,000$552,000
61$610,886$581,630$573,074$649,588
62$641,535$578,468$560,611$672,589
63$674,313$574,155$546,733$694,018
64$709,406$568,601$531,361$716,725
65$747,017$561,714$514,413$740,832
66$787,369$553,395$495,803$766,477
67$830,709$543,539$475,440$793,811
68$877,304$532,036$453,231$823,003
69$927,452$518,768$429,076$854,238
70$981,474$503,611$402,873$887,722
71$1,039,729$486,432$374,514$923,682
72$1,102,608$467,094$343,886$962,372
73$1,170,540$445,447$310,873$1,004,069
74$1,243,999$421,338$275,350$1,049,082
75$1,323,503$394,600$237,191$1,097,753
76$1,409,625$365,059$196,261$1,150,459
77$1,502,991$332,531$152,420$1,207,618
78$1,604,292$296,821$105,522$1,269,691
79$1,714,288$257,724$55,415$1,337,189
80$1,833,813$215,020$1,940$1,410,676
81$1,963,788$168,482$0$1,490,777
82$2,105,221$117,865$0$1,588,769
83$2,259,227$62,913$0$1,695,912
84$2,427,028$3,356$0$1,812,710
85$2,609,972$0$0$1,940,131
86$2,809,541$0$0$2,088,653
87$3,027,366$0$0$2,251,356
88$3,265,245$0$0$2,429,070
89$3,525,152$0$0$2,623,275
90$3,809,267$0$0$2,835,601
91$4,119,984$0$0$3,067,845
92$4,459,943$0$0$3,321,982
93$4,832,049$0$0$3,600,189
94$5,239,501$0$0$3,904,864
95$5,685,823$0$0$4,238,645
96$6,174,894$0$0$4,604,440
97$6,710,988$0$0$5,005,449
98$7,298,810$0$0$5,445,200
99$7,943,544$0$0$5,927,574
100$8,650,899$0$0$6,456,850