Can I retire at age 61 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$47,318$46,896$46,485$46,084$45,692$44,605
2 years$23,425$22,988$22,566$22,156$21,758$20,670
3 years$15,461$15,023$14,601$14,195$13,804$12,748
4 years$11,480$11,044$10,626$10,227$9,845$8,830
5 years$9,093$8,658$8,246$7,855$7,484$6,512
6 years$7,501$7,070$6,664$6,282$5,922$4,994
7 years$6,365$5,938$5,538$5,165$4,816$3,932
8 years$5,513$5,090$4,697$4,333$3,995$3,155
9 years$4,851$4,431$4,045$3,690$3,365$2,568
10 years$4,321$3,906$3,527$3,181$2,867$2,113
11 years$3,888$3,477$3,105$2,769$2,466$1,753
12 years$3,528$3,121$2,755$2,428$2,137$1,464
13 years$3,223$2,821$2,462$2,144$1,863$1,229
14 years$2,962$2,564$2,212$1,903$1,633$1,037
15 years$2,736$2,342$1,997$1,697$1,438$878
16 years$2,539$2,149$1,811$1,520$1,271$745
17 years$2,364$1,979$1,648$1,365$1,127$635
18 years$2,210$1,829$1,504$1,231$1,002$541
19 years$2,072$1,695$1,377$1,112$893$463
20 years$1,947$1,575$1,264$1,007$798$396
21 years$1,835$1,467$1,162$914$714$339
22 years$1,733$1,369$1,071$831$640$291
23 years$1,640$1,281$989$757$574$250
24 years$1,555$1,200$915$690$516$215
25 years$1,477$1,126$847$630$465$185
26 years$1,405$1,058$786$576$418$159
27 years$1,339$996$730$528$377$137
28 years$1,277$939$678$483$340$118
29 years$1,220$885$631$443$307$102
30 years$1,166$836$588$407$278$88
31 years$1,117$790$548$374$251$75
32 years$1,070$748$511$343$227$65
33 years$1,026$708$478$316$206$56
34 years$985$671$446$291$186$48
35 years$946$637$417$267$169$42
36 years$910$604$390$246$153$36
37 years$876$574$365$227$138$31
38 years$843$545$342$209$126$27
39 years$813$519$320$193$114$23
40 years$783$494$300$178$103$20
41 years$756$470$282$164$94$17
42 years$730$447$264$151$85$15
43 years$705$426$248$140$77$13
44 years$681$406$233$129$70$11
45 years$658$387$219$119$64$10
46 years$637$370$205$110$58$8
47 years$616$353$193$102$52$7
48 years$596$337$181$94$48$6
49 years$577$322$170$87$43$5
50 years$559$307$160$80$39$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $573,000, adding $2,828 every year, while hoping to spend $26,476 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: 51/41/8 Blend
60$573,000$573,000$573,000$573,000
61$634,363$603,994$595,113$665,282
62$670,898$605,420$586,879$688,073
63$710,272$606,027$577,481$709,753
64$752,747$605,750$566,854$732,695
65$798,610$604,515$554,927$757,024
66$848,177$602,245$541,626$782,879
67$901,795$598,859$526,875$810,413
68$959,847$594,272$510,593$839,797
69$1,022,751$588,390$492,697$871,221
70$1,090,968$581,118$473,100$904,895
71$1,165,006$572,353$451,708$941,052
72$1,245,424$561,985$428,427$979,952
73$1,332,833$549,898$403,156$1,021,881
74$1,427,911$535,972$375,790$1,067,158
75$1,531,399$520,075$346,220$1,116,134
76$1,644,114$502,072$314,331$1,169,202
77$1,766,957$481,817$280,004$1,226,795
78$1,900,917$459,156$243,115$1,289,393
79$2,047,083$433,927$203,531$1,357,527
80$2,206,654$405,959$161,119$1,431,786
81$2,380,951$375,069$115,735$1,512,823
82$2,571,427$341,066$67,231$1,601,359
83$2,779,682$303,747$15,452$1,698,194
84$3,007,476$262,898$0$1,804,212
85$3,256,750$218,291$0$1,923,790
86$3,529,639$169,687$0$2,056,240
87$3,828,494$116,834$0$2,201,457
88$4,155,906$59,465$0$2,360,780
89$4,514,727$0$0$2,535,690
90$4,908,097$0$0$2,729,046
91$5,339,476$0$0$2,970,564
92$5,812,675$0$0$3,235,555
93$6,331,890$0$0$3,526,379
94$6,901,744$0$0$3,845,632
95$7,527,329$0$0$4,196,175
96$8,214,254$0$0$4,581,159
97$8,968,699$0$0$5,004,057
98$9,797,470$0$0$5,468,692
99$10,708,065$0$0$5,979,277
100$11,708,745$0$0$6,540,455