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%12.1%
1 years$47,483$47,060$46,647$46,245$45,851$45,448
2 years$23,506$23,069$22,644$22,233$21,834$21,428
3 years$15,515$15,076$14,652$14,245$13,852$13,456
4 years$11,520$11,082$10,663$10,263$9,880$9,495
5 years$9,124$8,689$8,275$7,883$7,510$7,140
6 years$7,527$7,095$6,687$6,304$5,943$5,586
7 years$6,387$5,958$5,557$5,183$4,833$4,491
8 years$5,532$5,107$4,713$4,348$4,009$3,682
9 years$4,868$4,447$4,059$3,703$3,377$3,063
10 years$4,336$3,920$3,539$3,192$2,877$2,577
11 years$3,902$3,489$3,116$2,778$2,474$2,188
12 years$3,540$3,132$2,765$2,437$2,144$1,872
13 years$3,234$2,830$2,470$2,151$1,870$1,611
14 years$2,973$2,573$2,220$1,910$1,639$1,393
15 years$2,746$2,350$2,004$1,703$1,443$1,209
16 years$2,547$2,156$1,817$1,525$1,275$1,054
17 years$2,373$1,986$1,653$1,370$1,131$921
18 years$2,218$1,835$1,509$1,235$1,006$807
19 years$2,079$1,701$1,382$1,116$896$709
20 years$1,954$1,580$1,268$1,011$801$623
21 years$1,842$1,472$1,166$917$716$549
22 years$1,739$1,374$1,075$834$642$485
23 years$1,646$1,285$993$759$576$429
24 years$1,561$1,204$918$693$518$379
25 years$1,482$1,130$850$633$466$336
26 years$1,410$1,062$789$578$420$297
27 years$1,343$999$732$529$379$264
28 years$1,282$942$681$485$342$234
29 years$1,224$888$633$445$308$208
30 years$1,170$839$590$408$279$185
31 years$1,120$793$550$375$252$164
32 years$1,074$751$513$345$228$146
33 years$1,030$711$479$317$206$130
34 years$989$674$448$292$187$116
35 years$950$639$419$268$169$103
36 years$913$606$392$247$153$92
37 years$879$576$367$228$139$82
38 years$846$547$343$210$126$73
39 years$815$521$322$194$114$65
40 years$786$495$301$179$104$58
41 years$758$471$283$165$94$51
42 years$732$449$265$152$85$46
43 years$707$428$249$140$77$41
44 years$683$408$234$130$70$36
45 years$660$389$219$120$64$32
46 years$639$371$206$111$58$29
47 years$618$354$193$102$53$26
48 years$598$338$182$94$48$23
49 years$579$323$171$87$43$20
50 years$561$308$161$81$39$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $575,000, adding $6,738 every year, while hoping to spend $40,891 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: 59/26/15 Blend
60$575,000$575,000$575,000$575,000
61$640,600$610,125$601,213$675,572
62$662,434$596,514$577,846$686,366
63$685,124$580,865$552,325$693,001
64$708,715$563,035$524,536$699,279
65$733,253$542,874$494,358$705,170
66$758,791$520,220$461,665$710,644
67$785,382$494,906$426,325$715,671
68$813,085$466,750$388,201$720,219
69$841,963$435,564$347,149$724,253
70$872,083$401,147$303,019$727,742
71$903,520$363,287$255,654$730,649
72$936,351$321,760$204,890$732,941
73$970,662$276,330$150,557$734,581
74$1,006,545$226,745$92,477$735,535
75$1,044,100$172,743$30,462$735,765
76$1,083,434$114,044$0$735,235
77$1,124,665$50,352$0$739,628
78$1,167,919$0$0$748,765
79$1,213,334$0$0$763,099
80$1,261,060$0$0$793,317
81$1,311,258$0$0$825,117
82$1,364,106$0$0$858,614
83$1,419,796$0$0$893,931
84$1,478,537$0$0$931,204
85$1,540,559$0$0$970,581
86$1,606,111$0$0$1,012,222
87$1,675,463$0$0$1,056,305
88$1,748,914$0$0$1,103,020
89$1,826,787$0$0$1,152,578
90$1,909,437$0$0$1,205,208
91$1,997,251$0$0$1,261,160
92$2,090,654$0$0$1,320,710
93$2,190,108$0$0$1,384,158
94$2,296,123$0$0$1,451,832
95$2,409,253$0$0$1,524,094
96$2,530,109$0$0$1,601,338
97$2,659,358$0$0$1,683,997
98$2,797,733$0$0$1,772,546
99$2,946,037$0$0$1,867,506
100$3,105,149$0$0$1,969,447