Can I retire at age 61 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$46,327$45,914$45,512$45,119$44,735$43,165
2 years$22,934$22,507$22,093$21,692$21,302$19,737
3 years$15,138$14,709$14,296$13,898$13,515$12,004
4 years$11,240$10,812$10,404$10,013$9,639$8,193
5 years$8,902$8,477$8,074$7,691$7,327$5,951
6 years$7,344$6,922$6,525$6,150$5,798$4,492
7 years$6,232$5,813$5,422$5,057$4,715$3,479
8 years$5,398$4,983$4,598$4,242$3,912$2,745
9 years$4,749$4,339$3,961$3,613$3,294$2,195
10 years$4,231$3,824$3,453$3,115$2,807$1,773
11 years$3,807$3,404$3,040$2,711$2,414$1,444
12 years$3,454$3,056$2,698$2,378$2,092$1,183
13 years$3,156$2,761$2,410$2,099$1,824$974
14 years$2,900$2,510$2,166$1,863$1,599$805
15 years$2,679$2,293$1,955$1,662$1,408$668
16 years$2,485$2,104$1,773$1,488$1,244$555
17 years$2,315$1,938$1,613$1,337$1,103$463
18 years$2,164$1,790$1,473$1,205$981$387
19 years$2,028$1,659$1,348$1,089$874$323
20 years$1,907$1,542$1,237$986$781$271
21 years$1,797$1,436$1,138$895$699$227
22 years$1,697$1,341$1,049$814$627$190
23 years$1,606$1,254$968$741$562$160
24 years$1,523$1,175$896$676$505$134
25 years$1,446$1,102$830$617$455$113
26 years$1,376$1,036$769$564$410$95
27 years$1,311$975$714$517$369$80
28 years$1,250$919$664$473$333$67
29 years$1,194$867$618$434$301$56
30 years$1,142$819$576$398$272$47
31 years$1,093$774$537$366$246$40
32 years$1,047$732$501$336$222$34
33 years$1,005$693$468$309$201$28
34 years$964$657$437$284$182$24
35 years$927$623$408$262$165$20
36 years$891$592$382$241$150$17
37 years$857$562$358$222$136$14
38 years$826$534$335$205$123$12
39 years$795$508$314$189$111$10
40 years$767$483$294$174$101$8
41 years$740$460$276$161$92$7
42 years$714$438$259$148$83$6
43 years$690$417$243$137$76$5
44 years$667$398$228$126$69$4
45 years$644$379$214$117$62$4
46 years$623$362$201$108$56$3
47 years$603$345$189$100$51$3
48 years$584$330$177$92$47$2
49 years$565$315$167$85$42$2
50 years$548$301$157$79$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $561,000, adding $5,235 every year, while hoping to spend $24,876 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: 41/35/24 Blend
60$561,000$561,000$561,000$561,000
61$623,622$593,889$585,193$644,601
62$660,763$596,522$578,330$662,782
63$700,860$598,450$570,402$679,695
64$744,186$599,612$561,349$697,510
65$791,044$599,944$551,105$716,322
66$841,767$599,378$539,604$736,240
67$896,719$597,840$526,773$757,384
68$956,304$595,253$512,538$779,891
69$1,020,961$591,535$496,823$803,908
70$1,091,178$586,598$479,545$829,605
71$1,167,488$580,352$460,620$857,168
72$1,250,480$572,697$439,959$886,804
73$1,340,800$563,530$417,469$918,744
74$1,439,160$552,742$393,052$953,246
75$1,546,343$540,215$366,608$990,596
76$1,663,211$525,826$338,030$1,031,112
77$1,790,712$509,446$307,208$1,075,147
78$1,929,891$490,935$274,026$1,123,093
79$2,081,897$470,147$238,363$1,175,386
80$2,247,995$446,929$200,092$1,232,509
81$2,429,578$421,116$159,083$1,295,000
82$2,628,179$392,535$115,196$1,363,454
83$2,845,487$361,003$68,289$1,438,530
84$3,083,361$326,327$18,212$1,520,962
85$3,343,850$288,302$0$1,611,559
86$3,629,206$246,713$0$1,720,242
87$3,941,914$201,331$0$1,844,550
88$4,284,708$151,915$0$1,980,960
89$4,660,599$98,210$0$2,130,740
90$5,072,905$39,947$0$2,295,288
91$5,525,280$0$0$2,476,151
92$6,021,747$0$0$2,683,957
93$6,566,740$0$0$2,929,037
94$7,165,142$0$0$3,198,211
95$7,822,331$0$0$3,493,909
96$8,544,233$0$0$3,818,807
97$9,337,376$0$0$4,175,853
98$10,208,951$0$0$4,568,295
99$11,166,881$0$0$4,999,711
100$12,219,892$0$0$5,474,043