Can I retire at age 61 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$47,070$46,651$46,242$45,842$45,453$44,681
2 years$23,302$22,868$22,447$22,040$21,644$20,869
3 years$15,380$14,945$14,525$14,121$13,732$12,978
4 years$11,420$10,986$10,570$10,173$9,794$9,066
5 years$9,045$8,613$8,203$7,814$7,445$6,746
6 years$7,462$7,033$6,629$6,249$5,891$5,222
7 years$6,331$5,906$5,509$5,138$4,791$4,151
8 years$5,484$5,063$4,672$4,310$3,975$3,364
9 years$4,825$4,408$4,024$3,671$3,347$2,766
10 years$4,299$3,886$3,508$3,164$2,852$2,299
11 years$3,868$3,459$3,089$2,754$2,453$1,928
12 years$3,510$3,105$2,741$2,416$2,126$1,628
13 years$3,206$2,806$2,449$2,133$1,853$1,383
14 years$2,947$2,550$2,200$1,893$1,625$1,180
15 years$2,722$2,330$1,987$1,688$1,431$1,011
16 years$2,525$2,138$1,801$1,512$1,264$869
17 years$2,352$1,969$1,639$1,358$1,121$749
18 years$2,198$1,819$1,496$1,224$997$647
19 years$2,061$1,686$1,370$1,106$888$560
20 years$1,937$1,567$1,257$1,002$794$485
21 years$1,826$1,459$1,156$909$710$421
22 years$1,724$1,362$1,066$827$637$366
23 years$1,632$1,274$984$753$571$319
24 years$1,547$1,194$910$687$514$277
25 years$1,470$1,120$843$627$462$242
26 years$1,398$1,053$782$573$416$211
27 years$1,332$991$726$525$375$184
28 years$1,270$934$675$481$339$161
29 years$1,213$881$628$441$306$140
30 years$1,160$832$585$405$276$123
31 years$1,111$786$545$372$250$107
32 years$1,064$744$509$342$226$94
33 years$1,021$705$475$314$205$82
34 years$980$668$444$289$185$72
35 years$942$633$415$266$168$63
36 years$905$601$388$245$152$55
37 years$871$571$363$226$138$48
38 years$839$543$340$208$125$42
39 years$808$516$319$192$113$37
40 years$779$491$299$177$103$32
41 years$752$467$280$163$93$28
42 years$726$445$263$151$85$25
43 years$701$424$247$139$77$22
44 years$677$404$231$128$70$19
45 years$655$385$217$119$63$17
46 years$633$368$204$110$57$15
47 years$613$351$192$101$52$13
48 years$593$335$180$94$47$11
49 years$574$320$169$86$43$10
50 years$557$306$159$80$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $570,000, adding $5,404 every year, while hoping to spend $30,583 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: 58/37/5 Blend
60$570,000$570,000$570,000$570,000
61$633,714$603,504$594,669$669,572
62$665,813$600,536$582,051$691,294
63$700,161$596,397$567,984$710,995
64$736,955$590,998$552,389$731,695
65$776,411$584,244$535,181$753,489
66$818,767$576,034$516,272$776,487
67$864,283$566,261$495,569$800,807
68$913,245$554,813$472,975$826,585
69$965,966$541,569$448,390$853,969
70$1,022,791$526,402$421,707$883,124
71$1,084,098$509,179$392,817$914,235
72$1,150,304$489,756$361,604$947,507
73$1,221,865$467,984$327,948$983,167
74$1,299,284$443,704$291,723$1,021,468
75$1,383,112$416,747$252,797$1,062,690
76$1,473,957$386,934$211,033$1,107,147
77$1,572,485$354,079$166,287$1,155,183
78$1,679,431$317,981$118,410$1,207,183
79$1,795,602$278,432$67,246$1,263,573
80$1,921,886$235,207$12,631$1,324,827
81$2,059,259$188,073$0$1,391,468
82$2,208,797$136,782$0$1,466,515
83$2,371,682$81,072$0$1,549,054
84$2,549,215$20,666$0$1,639,134
85$2,742,828$0$0$1,737,558
86$2,954,098$0$0$1,863,424
87$3,184,760$0$0$2,010,076
88$3,436,724$0$0$2,170,318
89$3,712,092$0$0$2,345,494
90$4,013,180$0$0$2,537,083
91$4,342,536$0$0$2,746,712
92$4,702,967$0$0$2,976,176
93$5,097,563$0$0$3,227,448
94$5,529,726$0$0$3,502,703
95$6,003,205$0$0$3,804,334
96$6,522,127$0$0$4,134,978
97$7,091,036$0$0$4,497,540
98$7,714,939$0$0$4,895,219
99$8,399,349$0$0$5,331,537
100$9,150,341$0$0$5,810,376