Can I retire at age 61 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$47,400$46,978$46,566$46,164$45,772$44,060
2 years$23,466$23,029$22,605$22,194$21,796$20,091
3 years$15,488$15,049$14,627$14,220$13,828$12,184
4 years$11,500$11,063$10,645$10,245$9,862$8,291
5 years$9,108$8,673$8,261$7,869$7,497$6,003
6 years$7,514$7,083$6,676$6,293$5,932$4,516
7 years$6,376$5,948$5,548$5,174$4,825$3,486
8 years$5,523$5,098$4,705$4,340$4,002$2,740
9 years$4,859$4,439$4,052$3,697$3,371$2,183
10 years$4,329$3,913$3,533$3,187$2,872$1,757
11 years$3,895$3,483$3,110$2,773$2,470$1,425
12 years$3,534$3,126$2,760$2,433$2,140$1,163
13 years$3,229$2,825$2,466$2,148$1,866$954
14 years$2,967$2,568$2,216$1,906$1,636$785
15 years$2,741$2,346$2,001$1,700$1,441$649
16 years$2,543$2,153$1,814$1,522$1,273$537
17 years$2,369$1,982$1,651$1,368$1,129$446
18 years$2,214$1,832$1,507$1,233$1,004$370
19 years$2,075$1,698$1,379$1,114$895$308
20 years$1,951$1,578$1,266$1,009$799$257
21 years$1,838$1,469$1,164$916$715$214
22 years$1,736$1,372$1,073$832$641$179
23 years$1,643$1,283$991$758$575$149
24 years$1,558$1,202$916$691$517$125
25 years$1,480$1,128$849$631$465$104
26 years$1,408$1,060$787$577$419$87
27 years$1,341$998$731$528$378$73
28 years$1,279$940$680$484$341$61
29 years$1,222$887$632$444$308$51
30 years$1,168$838$589$408$278$43
31 years$1,118$792$549$374$252$36
32 years$1,072$749$512$344$228$30
33 years$1,028$710$478$316$206$25
34 years$987$672$447$291$186$21
35 years$948$638$418$268$169$18
36 years$912$605$391$247$153$15
37 years$877$575$366$227$139$12
38 years$845$546$343$210$126$10
39 years$814$520$321$193$114$9
40 years$785$494$301$178$103$7
41 years$757$471$282$164$94$6
42 years$731$448$265$152$85$5
43 years$706$427$248$140$77$4
44 years$682$407$233$129$70$4
45 years$659$388$219$119$64$3
46 years$638$370$206$110$58$3
47 years$617$353$193$102$52$2
48 years$597$337$181$94$48$2
49 years$578$322$171$87$43$1
50 years$560$308$160$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $574,000, adding $2,603 every year, while hoping to spend $40,715 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: 68/8/24 Blend
60$574,000$574,000$574,000$574,000
61$635,233$604,811$595,914$674,366
62$656,706$591,126$572,557$687,257
63$679,005$575,406$547,052$696,432
64$702,171$557,509$519,286$705,517
65$726,248$537,282$489,137$714,502
66$751,283$514,567$456,481$723,378
67$777,327$489,194$421,186$732,136
68$804,434$460,983$383,116$740,768
69$832,662$429,747$342,126$749,266
70$862,074$395,285$298,067$757,624
71$892,737$357,386$250,784$765,835
72$924,724$315,825$200,113$773,895
73$958,112$270,368$145,884$781,800
74$992,987$220,763$87,918$789,550
75$1,029,439$166,748$26,031$797,143
76$1,067,567$108,044$0$804,583
77$1,107,478$44,356$0$822,121
78$1,149,286$0$0$847,300
79$1,193,118$0$0$875,679
80$1,239,109$0$0$909,563
81$1,287,405$0$0$945,157
82$1,338,168$0$0$982,580
83$1,391,572$0$0$1,021,963
84$1,447,805$0$0$1,063,446
85$1,507,075$0$0$1,107,183
86$1,569,605$0$0$1,153,343
87$1,635,641$0$0$1,202,107
88$1,705,449$0$0$1,253,676
89$1,779,321$0$0$1,308,267
90$1,857,576$0$0$1,366,118
91$1,940,561$0$0$1,427,488
92$2,028,655$0$0$1,492,662
93$2,122,276$0$0$1,561,950
94$2,221,877$0$0$1,635,693
95$2,327,955$0$0$1,714,261
96$2,441,056$0$0$1,798,063
97$2,561,777$0$0$1,887,544
98$2,690,770$0$0$1,983,194
99$2,828,753$0$0$2,085,548
100$2,976,512$0$0$2,195,195