Can I retire at age 61 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$46,162$45,751$45,349$44,958$44,575$43,200
2 years$22,852$22,427$22,014$21,614$21,226$19,853
3 years$15,084$14,656$14,245$13,849$13,467$12,138
4 years$11,200$10,774$10,366$9,977$9,605$8,331
5 years$8,870$8,447$8,045$7,663$7,301$6,086
6 years$7,318$6,897$6,501$6,128$5,777$4,622
7 years$6,209$5,792$5,403$5,039$4,698$3,602
8 years$5,378$4,965$4,582$4,227$3,898$2,860
9 years$4,732$4,323$3,946$3,600$3,283$2,303
10 years$4,216$3,811$3,441$3,103$2,797$1,873
11 years$3,793$3,392$3,029$2,701$2,405$1,536
12 years$3,442$3,045$2,688$2,369$2,084$1,268
13 years$3,144$2,752$2,402$2,092$1,818$1,052
14 years$2,890$2,501$2,158$1,857$1,593$876
15 years$2,669$2,285$1,948$1,656$1,403$733
16 years$2,477$2,096$1,766$1,483$1,240$614
17 years$2,307$1,931$1,607$1,332$1,099$516
18 years$2,156$1,784$1,467$1,200$978$434
19 years$2,021$1,653$1,343$1,085$871$366
20 years$1,900$1,536$1,233$982$778$309
21 years$1,790$1,431$1,134$892$696$261
22 years$1,691$1,336$1,045$811$624$221
23 years$1,600$1,249$965$738$560$187
24 years$1,517$1,171$892$673$504$159
25 years$1,441$1,099$827$615$453$134
26 years$1,371$1,032$767$562$408$114
27 years$1,306$972$712$515$368$97
28 years$1,246$916$662$472$332$82
29 years$1,190$864$616$432$300$70
30 years$1,138$816$574$397$271$59
31 years$1,089$771$535$364$245$50
32 years$1,044$730$499$335$222$43
33 years$1,001$691$466$308$201$36
34 years$961$655$435$283$182$31
35 years$923$621$407$261$164$26
36 years$888$590$381$240$149$22
37 years$854$560$356$221$135$19
38 years$823$532$334$204$122$16
39 years$793$506$313$188$111$14
40 years$764$481$293$174$101$12
41 years$737$458$275$160$91$10
42 years$712$436$258$148$83$8
43 years$687$416$242$136$75$7
44 years$664$396$227$126$68$6
45 years$642$378$213$116$62$5
46 years$621$361$200$107$56$4
47 years$601$344$188$99$51$4
48 years$582$329$177$92$46$3
49 years$563$314$166$85$42$3
50 years$546$300$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $559,000, adding $3,784 every year, while hoping to spend $34,474 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: 58/28/14 Blend
60$559,000$559,000$559,000$559,000
61$619,921$590,294$581,630$653,463
62$646,473$582,539$564,434$668,816
63$674,578$573,247$545,507$681,402
64$704,357$562,309$524,754$694,313
65$735,945$549,606$502,077$707,585
66$769,487$535,012$477,372$721,261
67$805,142$518,394$450,531$735,387
68$843,084$499,614$421,442$750,018
69$883,505$478,521$389,986$765,215
70$926,613$454,959$356,042$781,047
71$972,638$428,762$319,479$797,594
72$1,021,829$399,754$280,164$814,945
73$1,074,463$367,749$237,956$833,201
74$1,130,840$332,550$192,710$852,475
75$1,191,291$293,951$144,271$872,897
76$1,256,178$251,730$92,480$894,610
77$1,325,901$205,658$37,170$917,778
78$1,400,896$155,487$0$942,581
79$1,481,642$100,961$0$972,489
80$1,568,667$41,806$0$1,010,606
81$1,662,549$0$0$1,051,656
82$1,763,924$0$0$1,102,819
83$1,873,491$0$0$1,172,074
84$1,992,018$0$0$1,247,032
85$2,120,348$0$0$1,328,231
86$2,259,411$0$0$1,416,263
87$2,410,225$0$0$1,511,780
88$2,573,914$0$0$1,615,498
89$2,751,711$0$0$1,728,205
90$2,944,974$0$0$1,850,768
91$3,155,196$0$0$1,984,140
92$3,384,021$0$0$2,129,371
93$3,633,256$0$0$2,287,615
94$3,904,891$0$0$2,460,143
95$4,201,116$0$0$2,648,353
96$4,524,341$0$0$2,853,785
97$4,877,218$0$0$3,078,133
98$5,262,667$0$0$3,323,263
99$5,683,903$0$0$3,591,227
100$6,144,466$0$0$3,884,286