Can I retire at age 61 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$46,575$46,160$45,755$45,360$44,974$43,344
2 years$23,057$22,627$22,211$21,808$21,416$19,792
3 years$15,218$14,787$14,372$13,972$13,587$12,020
4 years$11,300$10,870$10,459$10,066$9,691$8,192
5 years$8,950$8,522$8,117$7,732$7,367$5,940
6 years$7,383$6,959$6,560$6,183$5,829$4,476
7 years$6,265$5,844$5,451$5,084$4,741$3,461
8 years$5,426$5,010$4,623$4,265$3,933$2,726
9 years$4,775$4,362$3,982$3,632$3,312$2,176
10 years$4,253$3,845$3,471$3,131$2,822$1,754
11 years$3,827$3,423$3,056$2,725$2,427$1,426
12 years$3,473$3,072$2,712$2,390$2,103$1,166
13 years$3,173$2,776$2,423$2,110$1,834$958
14 years$2,916$2,524$2,177$1,873$1,608$790
15 years$2,693$2,305$1,966$1,671$1,416$654
16 years$2,499$2,115$1,782$1,496$1,251$543
17 years$2,327$1,948$1,622$1,344$1,109$451
18 years$2,175$1,800$1,480$1,211$986$376
19 years$2,039$1,668$1,355$1,094$879$314
20 years$1,917$1,550$1,244$991$785$262
21 years$1,806$1,444$1,144$900$703$219
22 years$1,706$1,348$1,054$818$630$183
23 years$1,615$1,261$974$745$565$154
24 years$1,531$1,181$900$679$508$129
25 years$1,454$1,108$834$620$457$108
26 years$1,383$1,042$773$567$412$90
27 years$1,318$980$718$519$371$76
28 years$1,257$924$668$476$335$64
29 years$1,201$871$621$436$303$53
30 years$1,148$823$579$400$273$45
31 years$1,099$778$540$368$247$38
32 years$1,053$736$503$338$224$32
33 years$1,010$697$470$311$202$27
34 years$970$661$439$286$183$22
35 years$932$627$411$263$166$19
36 years$896$595$384$242$150$16
37 years$862$565$360$223$136$13
38 years$830$537$337$206$124$11
39 years$800$511$315$190$112$9
40 years$771$486$296$175$102$8
41 years$744$462$277$162$92$7
42 years$718$440$260$149$84$6
43 years$693$420$244$138$76$5
44 years$670$400$229$127$69$4
45 years$648$381$215$117$63$3
46 years$627$364$202$108$57$3
47 years$606$347$190$100$52$2
48 years$587$331$178$93$47$2
49 years$568$317$168$86$43$2
50 years$551$302$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $564,000, adding $5,573 every year, while hoping to spend $28,357 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: 60/28/12 Blend
60$564,000$564,000$564,000$564,000
61$627,277$597,385$588,643$662,769
62$661,087$596,485$578,190$686,399
63$697,396$594,590$566,438$708,468
64$736,428$591,623$553,311$731,854
65$778,430$587,499$538,733$756,686
66$823,673$582,130$522,624$783,108
67$872,455$575,421$504,900$811,279
68$925,103$567,275$485,471$841,375
69$981,977$557,584$464,247$873,592
70$1,043,470$546,237$441,132$908,145
71$1,110,018$533,117$416,023$945,275
72$1,182,097$518,097$388,818$985,247
73$1,260,233$501,045$359,404$1,028,356
74$1,345,001$481,821$327,669$1,074,928
75$1,437,037$460,276$293,492$1,125,324
76$1,537,038$436,253$256,747$1,179,944
77$1,645,772$409,586$217,304$1,239,231
78$1,764,084$380,098$175,027$1,303,673
79$1,892,902$347,605$129,772$1,373,815
80$2,033,250$311,909$81,391$1,450,255
81$2,186,252$272,803$29,728$1,533,658
82$2,353,147$230,068$0$1,624,757
83$2,535,298$183,471$0$1,727,619
84$2,734,205$132,769$0$1,844,162
85$2,951,521$77,701$0$1,971,592
86$3,189,064$17,996$0$2,111,031
87$3,448,835$0$0$2,263,718
88$3,733,039$0$0$2,445,390
89$4,044,103$0$0$2,650,345
90$4,384,700$0$0$2,874,804
91$4,757,773$0$0$3,120,712
92$5,166,564$0$0$3,390,213
93$5,614,641$0$0$3,685,665
94$6,105,936$0$0$4,009,667
95$6,644,780$0$0$4,365,082
96$7,235,940$0$0$4,755,061
97$7,884,671$0$0$5,183,078
98$8,596,758$0$0$5,652,957
99$9,378,576$0$0$6,168,911
100$10,237,145$0$0$6,735,582