Can I retire at age 61 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$46,657$46,242$45,836$45,440$45,054$44,789
2 years$23,098$22,667$22,251$21,846$21,454$21,187
3 years$15,245$14,813$14,398$13,997$13,611$13,350
4 years$11,320$10,889$10,478$10,084$9,708$9,454
5 years$8,966$8,537$8,131$7,746$7,380$7,135
6 years$7,396$6,971$6,571$6,194$5,839$5,603
7 years$6,276$5,855$5,461$5,093$4,749$4,522
8 years$5,436$5,018$4,631$4,272$3,940$3,722
9 years$4,783$4,370$3,989$3,639$3,318$3,109
10 years$4,261$3,852$3,477$3,137$2,827$2,627
11 years$3,834$3,429$3,062$2,730$2,431$2,240
12 years$3,479$3,077$2,717$2,394$2,107$1,925
13 years$3,178$2,781$2,427$2,114$1,837$1,664
14 years$2,921$2,528$2,181$1,877$1,611$1,445
15 years$2,698$2,309$1,969$1,674$1,418$1,261
16 years$2,503$2,119$1,785$1,498$1,253$1,104
17 years$2,331$1,951$1,625$1,346$1,111$969
18 years$2,179$1,803$1,483$1,213$988$854
19 years$2,043$1,671$1,358$1,096$881$753
20 years$1,920$1,553$1,246$993$787$666
21 years$1,810$1,446$1,146$901$704$590
22 years$1,709$1,350$1,056$819$631$524
23 years$1,618$1,263$975$746$566$465
24 years$1,534$1,183$902$681$509$414
25 years$1,457$1,110$835$622$458$368
26 years$1,386$1,044$775$568$413$328
27 years$1,320$982$719$520$372$293
28 years$1,259$925$669$477$336$261
29 years$1,203$873$622$437$303$233
30 years$1,150$824$580$401$274$208
31 years$1,101$779$541$368$248$186
32 years$1,055$737$504$339$224$167
33 years$1,012$698$471$311$203$149
34 years$971$662$440$286$184$133
35 years$933$628$411$264$166$119
36 years$897$596$385$243$151$107
37 years$863$566$360$224$137$96
38 years$831$538$337$206$124$86
39 years$801$511$316$190$112$77
40 years$772$487$296$175$102$69
41 years$745$463$278$162$92$62
42 years$719$441$261$149$84$55
43 years$695$420$244$138$76$50
44 years$671$401$229$127$69$45
45 years$649$382$215$118$63$40
46 years$628$364$202$109$57$36
47 years$607$348$190$100$52$32
48 years$588$332$179$93$47$29
49 years$569$317$168$86$43$26
50 years$552$303$158$79$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $565,000, adding $4,737 every year, while hoping to spend $22,101 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: 80/7/13 Blend
60$565,000$565,000$565,000$565,000
61$627,516$597,571$588,814$675,771
62$668,008$603,337$585,024$713,921
63$711,888$608,644$580,366$752,437
64$759,481$613,448$574,788$794,066
65$811,140$617,699$568,235$839,110
66$867,255$621,345$560,650$887,903
67$928,255$624,331$551,972$940,809
68$994,612$626,598$542,138$998,232
69$1,066,846$628,085$531,083$1,060,617
70$1,145,527$628,723$518,737$1,128,452
71$1,231,284$628,444$505,028$1,202,278
72$1,324,809$627,172$489,881$1,282,689
73$1,426,864$624,828$473,216$1,370,339
74$1,538,286$621,327$454,951$1,465,951
75$1,659,998$616,579$434,999$1,570,320
76$1,793,017$610,490$413,270$1,684,322
77$1,938,460$602,960$389,670$1,808,923
78$2,097,559$593,881$364,100$1,945,188
79$2,271,669$583,140$336,457$2,094,290
80$2,462,284$570,618$306,632$2,257,521
81$2,671,047$556,188$274,514$2,436,307
82$2,899,768$539,716$239,985$2,632,218
83$3,150,442$521,059$202,922$2,846,986
84$3,425,263$500,067$163,196$3,082,516
85$3,726,651$476,582$120,674$3,340,913
86$4,057,268$450,433$75,216$3,624,493
87$4,420,050$421,445$26,675$3,935,810
88$4,818,226$389,427$0$4,277,679
89$5,255,358$354,181$0$4,656,688
90$5,735,365$315,497$0$5,076,945
91$6,262,569$273,153$0$5,538,539
92$6,841,726$226,912$0$6,045,646
93$7,478,079$176,528$0$6,602,871
94$8,177,402$121,738$0$7,215,284
95$8,946,059$62,264$0$7,888,475
96$9,791,057$0$0$8,628,600
97$10,720,118$0$0$9,442,612
98$11,741,751$0$0$10,343,024
99$12,865,327$0$0$11,333,301
100$14,101,175$0$0$12,422,548