Can I retire at age 61 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$46,987$46,569$46,161$45,762$45,373$44,402
2 years$23,261$22,828$22,408$22,001$21,606$20,633
3 years$15,353$14,918$14,499$14,096$13,708$12,763
4 years$11,400$10,967$10,552$10,156$9,777$8,866
5 years$9,029$8,598$8,189$7,800$7,432$6,560
6 years$7,449$7,021$6,618$6,238$5,881$5,047
7 years$6,320$5,896$5,499$5,129$4,783$3,988
8 years$5,475$5,054$4,664$4,302$3,968$3,211
9 years$4,817$4,400$4,017$3,665$3,341$2,623
10 years$4,291$3,879$3,502$3,159$2,847$2,166
11 years$3,861$3,453$3,083$2,749$2,448$1,804
12 years$3,503$3,099$2,736$2,411$2,122$1,512
13 years$3,201$2,801$2,445$2,129$1,850$1,275
14 years$2,942$2,546$2,197$1,890$1,622$1,080
15 years$2,717$2,326$1,983$1,685$1,428$918
16 years$2,521$2,134$1,798$1,509$1,262$783
17 years$2,348$1,965$1,636$1,356$1,119$669
18 years$2,194$1,816$1,494$1,222$995$573
19 years$2,057$1,683$1,367$1,104$887$492
20 years$1,934$1,564$1,255$1,000$792$423
21 years$1,822$1,457$1,154$908$709$364
22 years$1,721$1,360$1,064$825$635$314
23 years$1,629$1,272$982$752$570$271
24 years$1,545$1,192$908$685$513$234
25 years$1,467$1,118$841$626$461$202
26 years$1,395$1,051$780$572$416$175
27 years$1,329$989$725$524$375$151
28 years$1,268$932$674$480$338$131
29 years$1,211$879$627$440$305$113
30 years$1,158$830$584$404$276$98
31 years$1,109$785$544$371$249$85
32 years$1,062$743$508$341$226$74
33 years$1,019$703$474$314$204$64
34 years$978$667$443$288$185$55
35 years$940$632$414$266$167$48
36 years$904$600$388$245$152$42
37 years$870$570$363$225$137$36
38 years$837$542$340$208$125$31
39 years$807$515$318$192$113$27
40 years$778$490$298$177$103$24
41 years$750$466$280$163$93$20
42 years$724$444$262$150$84$18
43 years$700$423$246$139$77$15
44 years$676$403$231$128$70$13
45 years$654$385$217$118$63$12
46 years$632$367$204$109$57$10
47 years$612$350$191$101$52$9
48 years$592$334$180$93$47$8
49 years$573$319$169$86$43$7
50 years$556$305$159$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $569,000, adding $3,502 every year, while hoping to spend $45,678 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: 68/23/9 Blend
60$569,000$569,000$569,000$569,000
61$630,650$600,493$591,674$672,198
62$646,376$581,316$562,894$681,045
63$662,174$559,669$531,619$684,880
64$678,005$535,382$497,717$687,862
65$693,821$508,275$461,050$689,900
66$709,571$478,161$421,475$690,895
67$725,193$444,837$378,841$690,742
68$740,622$408,093$332,991$689,323
69$755,780$367,704$283,762$686,512
70$770,583$323,435$230,980$682,173
71$784,933$275,034$174,469$676,157
72$798,723$222,237$114,040$668,301
73$811,831$164,766$49,500$658,429
74$824,124$102,325$0$646,351
75$835,449$34,604$0$633,720
76$845,639$0$0$623,641
77$854,504$0$0$620,934
78$861,836$0$0$625,817
79$867,401$0$0$629,357
80$870,940$0$0$631,359
81$872,164$0$0$631,606
82$870,754$0$0$629,857
83$866,353$0$0$625,846
84$858,566$0$0$619,275
85$846,957$0$0$609,816
86$831,039$0$0$597,105
87$810,275$0$0$580,737
88$784,069$0$0$560,266
89$751,760$0$0$535,196
90$712,620$0$0$504,980
91$665,839$0$0$469,009
92$610,522$0$0$426,614
93$545,682$0$0$377,053
94$470,224$0$0$319,504
95$382,939$0$0$253,061
96$282,491$0$0$176,721
97$167,402$0$0$89,377
98$36,042$0$0$0
99$0$0$0$0
100$0$0$0$0