Can I retire at age 61 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$45,749$45,341$44,944$44,556$44,177$43,625
2 years$22,648$22,226$21,817$21,421$21,037$20,481
3 years$14,949$14,525$14,117$13,725$13,346$12,805
4 years$11,100$10,677$10,274$9,888$9,519$8,995
5 years$8,791$8,371$7,973$7,595$7,236$6,732
6 years$7,252$6,836$6,443$6,074$5,726$5,242
7 years$6,154$5,741$5,354$4,993$4,656$4,193
8 years$5,330$4,921$4,541$4,189$3,863$3,420
9 years$4,690$4,284$3,911$3,568$3,253$2,830
10 years$4,178$3,777$3,410$3,076$2,772$2,368
11 years$3,760$3,362$3,002$2,677$2,384$2,000
12 years$3,411$3,018$2,664$2,348$2,066$1,701
13 years$3,116$2,727$2,380$2,073$1,801$1,455
14 years$2,864$2,479$2,139$1,840$1,579$1,251
15 years$2,645$2,264$1,931$1,641$1,390$1,079
16 years$2,454$2,078$1,751$1,469$1,229$935
17 years$2,286$1,913$1,593$1,320$1,090$812
18 years$2,137$1,768$1,454$1,190$969$707
19 years$2,003$1,639$1,331$1,075$864$617
20 years$1,883$1,523$1,222$974$771$539
21 years$1,774$1,418$1,124$884$690$472
22 years$1,676$1,324$1,036$803$619$414
23 years$1,586$1,238$956$732$555$363
24 years$1,504$1,160$884$667$499$319
25 years$1,428$1,089$819$609$449$280
26 years$1,359$1,023$760$557$405$247
27 years$1,294$963$705$510$365$217
28 years$1,235$907$656$467$329$191
29 years$1,179$856$610$429$297$169
30 years$1,128$808$568$393$269$149
31 years$1,080$764$530$361$243$131
32 years$1,034$723$494$332$220$116
33 years$992$685$462$305$199$102
34 years$952$649$431$281$180$90
35 years$915$616$403$259$163$80
36 years$880$584$377$238$148$71
37 years$847$555$353$219$134$62
38 years$815$527$331$202$121$55
39 years$786$502$310$186$110$49
40 years$757$477$290$172$100$43
41 years$731$454$272$159$91$38
42 years$705$433$255$146$82$34
43 years$681$412$240$135$75$30
44 years$658$393$225$125$68$26
45 years$636$375$211$115$61$23
46 years$615$357$198$106$56$21
47 years$596$341$186$98$51$18
48 years$577$326$175$91$46$16
49 years$558$311$165$84$42$14
50 years$541$297$155$78$38$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $554,000, adding $3,278 every year, while hoping to spend $38,669 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: 65/22/13 Blend
60$554,000$554,000$554,000$554,000
61$613,889$584,527$575,940$651,731
62$635,362$572,026$554,091$664,918
63$657,730$557,615$530,213$674,511
64$681,042$541,162$504,199$684,026
65$705,353$522,524$475,934$693,454
66$730,721$501,550$445,300$702,785
67$757,210$478,081$412,173$712,011
68$784,887$451,948$376,422$721,125
69$813,826$422,974$337,913$730,121
70$844,106$390,970$296,504$738,992
71$875,815$355,737$252,046$747,736
72$909,044$317,064$204,385$756,349
73$943,895$274,729$153,361$764,831
74$980,478$228,497$98,804$773,185
75$1,018,912$178,118$40,540$781,414
76$1,059,327$123,332$0$789,526
77$1,101,863$63,860$0$800,535
78$1,146,675$0$0$817,651
79$1,193,928$0$0$835,435
80$1,243,806$0$0$870,539
81$1,296,506$0$0$907,646
82$1,352,245$0$0$946,909
83$1,411,260$0$0$988,498
84$1,473,809$0$0$1,032,596
85$1,540,173$0$0$1,079,405
86$1,610,662$0$0$1,129,146
87$1,685,612$0$0$1,182,059
88$1,765,393$0$0$1,238,408
89$1,850,409$0$0$1,298,481
90$1,941,103$0$0$1,362,596
91$2,037,959$0$0$1,431,097
92$2,141,508$0$0$1,504,366
93$2,252,333$0$0$1,582,817
94$2,371,072$0$0$1,666,909
95$2,498,427$0$0$1,757,141
96$2,635,165$0$0$1,854,063
97$2,782,130$0$0$1,958,279
98$2,940,248$0$0$2,070,450
99$3,110,536$0$0$2,191,305
100$3,294,111$0$0$2,321,641