Can I retire at age 61 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$47,483$47,060$46,647$46,245$45,851$44,189
2 years$23,506$23,069$22,644$22,233$21,834$20,178
3 years$15,515$15,076$14,652$14,245$13,852$12,254
4 years$11,520$11,082$10,663$10,263$9,880$8,351
5 years$9,124$8,689$8,275$7,883$7,510$6,056
6 years$7,527$7,095$6,687$6,304$5,943$4,564
7 years$6,387$5,958$5,557$5,183$4,833$3,529
8 years$5,532$5,107$4,713$4,348$4,009$2,779
9 years$4,868$4,447$4,059$3,703$3,377$2,218
10 years$4,336$3,920$3,539$3,192$2,877$1,788
11 years$3,902$3,489$3,116$2,778$2,474$1,453
12 years$3,540$3,132$2,765$2,437$2,144$1,189
13 years$3,234$2,830$2,470$2,151$1,870$977
14 years$2,973$2,573$2,220$1,910$1,639$806
15 years$2,746$2,350$2,004$1,703$1,443$667
16 years$2,547$2,156$1,817$1,525$1,275$553
17 years$2,373$1,986$1,653$1,370$1,131$460
18 years$2,218$1,835$1,509$1,235$1,006$383
19 years$2,079$1,701$1,382$1,116$896$320
20 years$1,954$1,580$1,268$1,011$801$267
21 years$1,842$1,472$1,166$917$716$223
22 years$1,739$1,374$1,075$834$642$187
23 years$1,646$1,285$993$759$576$156
24 years$1,561$1,204$918$693$518$131
25 years$1,482$1,130$850$633$466$110
26 years$1,410$1,062$789$578$420$92
27 years$1,343$999$732$529$379$77
28 years$1,282$942$681$485$342$65
29 years$1,224$888$633$445$308$54
30 years$1,170$839$590$408$279$46
31 years$1,120$793$550$375$252$38
32 years$1,074$751$513$345$228$32
33 years$1,030$711$479$317$206$27
34 years$989$674$448$292$187$23
35 years$950$639$419$268$169$19
36 years$913$606$392$247$153$16
37 years$879$576$367$228$139$13
38 years$846$547$343$210$126$11
39 years$815$521$322$194$114$10
40 years$786$495$301$179$104$8
41 years$758$471$283$165$94$7
42 years$732$449$265$152$85$6
43 years$707$428$249$140$77$5
44 years$683$408$234$130$70$4
45 years$660$389$219$120$64$3
46 years$639$371$206$111$58$3
47 years$618$354$193$102$53$2
48 years$598$338$182$94$48$2
49 years$579$323$171$87$43$2
50 years$561$308$161$81$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $575,000, adding $3,061 every year, while hoping to spend $26,984 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: 32/40/28 Blend
60$575,000$575,000$575,000$575,000
61$636,807$606,332$597,420$651,668
62$673,051$607,332$588,723$664,315
63$712,087$607,476$578,830$675,334
64$754,172$606,694$567,673$686,676
65$799,587$604,912$555,179$698,387
66$848,642$602,050$541,275$710,522
67$901,677$598,024$525,881$723,143
68$959,065$592,744$508,915$736,321
69$1,021,218$586,116$490,292$750,135
70$1,088,586$578,040$469,921$764,678
71$1,161,667$568,409$447,708$780,051
72$1,241,006$557,111$423,556$796,373
73$1,327,205$544,025$397,361$813,776
74$1,420,925$529,027$369,017$832,407
75$1,522,891$511,981$338,411$852,437
76$1,633,904$492,747$305,426$874,052
77$1,754,845$471,174$269,941$897,466
78$1,886,681$447,104$231,826$922,916
79$2,030,480$420,369$190,949$950,669
80$2,187,413$390,791$147,170$981,025
81$2,358,774$358,184$100,344$1,014,319
82$2,545,982$322,349$50,320$1,050,924
83$2,750,604$283,076$0$1,091,259
84$2,974,364$240,144$0$1,136,707
85$3,219,157$193,319$0$1,202,975
86$3,487,073$142,355$0$1,275,648
87$3,780,414$86,989$0$1,355,427
88$4,101,711$26,946$0$1,443,088
89$4,453,755$0$0$1,539,493
90$4,839,618$0$0$1,662,350
91$5,262,683$0$0$1,810,145
92$5,726,679$0$0$1,972,329
93$6,235,708$0$0$2,150,349
94$6,794,294$0$0$2,345,797
95$7,407,415$0$0$2,560,429
96$8,080,557$0$0$2,796,177
97$8,819,765$0$0$3,055,170
98$9,631,693$0$0$3,339,755
99$10,523,676$0$0$3,652,516
100$11,503,793$0$0$3,996,300