Can I retire at age 61 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$47,731$47,306$46,891$46,486$46,091$44,314
2 years$23,629$23,189$22,762$22,349$21,948$20,180
3 years$15,596$15,154$14,729$14,319$13,925$12,220
4 years$11,581$11,140$10,719$10,316$9,931$8,303
5 years$9,172$8,734$8,318$7,924$7,550$6,002
6 years$7,567$7,132$6,722$6,337$5,974$4,508
7 years$6,420$5,989$5,586$5,210$4,858$3,474
8 years$5,561$5,134$4,738$4,370$4,030$2,726
9 years$4,893$4,470$4,081$3,723$3,394$2,168
10 years$4,359$3,940$3,558$3,209$2,892$1,741
11 years$3,922$3,508$3,132$2,793$2,487$1,410
12 years$3,559$3,148$2,780$2,450$2,155$1,148
13 years$3,251$2,845$2,483$2,163$1,880$940
14 years$2,988$2,586$2,231$1,920$1,648$772
15 years$2,760$2,362$2,015$1,712$1,451$636
16 years$2,561$2,168$1,826$1,533$1,282$526
17 years$2,385$1,996$1,662$1,377$1,137$435
18 years$2,229$1,845$1,517$1,241$1,011$361
19 years$2,090$1,710$1,389$1,122$901$300
20 years$1,964$1,589$1,275$1,016$805$249
21 years$1,851$1,480$1,172$922$720$207
22 years$1,748$1,381$1,081$838$646$173
23 years$1,655$1,292$998$763$579$144
24 years$1,569$1,210$923$696$521$120
25 years$1,490$1,136$855$636$469$100
26 years$1,418$1,068$793$581$422$84
27 years$1,350$1,005$736$532$381$70
28 years$1,288$947$684$488$343$58
29 years$1,230$893$637$447$310$49
30 years$1,177$843$593$410$280$41
31 years$1,126$797$553$377$253$34
32 years$1,079$754$516$346$229$28
33 years$1,035$714$482$319$207$24
34 years$994$677$450$293$188$20
35 years$955$642$421$270$170$17
36 years$918$610$394$248$154$14
37 years$883$579$368$229$140$12
38 years$851$550$345$211$127$10
39 years$820$523$323$195$115$8
40 years$790$498$303$179$104$7
41 years$762$474$284$166$94$6
42 years$736$451$266$153$86$5
43 years$711$430$250$141$78$4
44 years$687$410$235$130$71$3
45 years$664$391$220$120$64$3
46 years$642$373$207$111$58$2
47 years$621$356$194$103$53$2
48 years$601$340$183$95$48$2
49 years$583$324$172$88$44$1
50 years$564$310$162$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $578,000, adding $2,887 every year, while hoping to spend $42,683 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: 55/22/23 Blend
60$578,000$578,000$578,000$578,000
61$639,934$609,300$600,341$670,960
62$659,793$593,741$575,038$677,001
63$680,247$575,990$547,457$678,852
64$701,311$555,893$517,476$679,964
65$723,002$533,289$484,969$680,281
66$745,336$508,007$449,803$679,741
67$768,328$479,867$411,839$678,279
68$791,995$448,678$370,933$675,827
69$816,353$414,237$326,933$672,311
70$841,417$376,332$279,682$667,656
71$867,205$334,735$229,015$661,779
72$893,732$289,210$174,759$654,595
73$921,014$239,502$116,735$646,012
74$949,067$185,347$54,755$635,934
75$977,906$126,463$0$624,259
76$1,007,545$62,553$0$613,673
77$1,037,999$0$0$615,789
78$1,069,281$0$0$618,709
79$1,101,405$0$0$637,254
80$1,134,381$0$0$656,286
81$1,168,221$0$0$675,811
82$1,202,934$0$0$695,835
83$1,238,527$0$0$716,360
84$1,275,007$0$0$737,390
85$1,312,378$0$0$758,926
86$1,350,641$0$0$780,967
87$1,389,796$0$0$803,513
88$1,429,838$0$0$826,559
89$1,470,761$0$0$850,100
90$1,512,552$0$0$874,128
91$1,555,197$0$0$898,632
92$1,598,676$0$0$923,599
93$1,642,962$0$0$949,012
94$1,688,023$0$0$974,850
95$1,733,822$0$0$1,001,088
96$1,780,311$0$0$1,027,697
97$1,827,435$0$0$1,054,642
98$1,875,130$0$0$1,081,881
99$1,923,322$0$0$1,109,369
100$1,971,922$0$0$1,137,050