Can I retire at age 61 with 578,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$47,731$47,306$46,891$46,486$46,091$45,496
2 years$23,629$23,189$22,762$22,349$21,948$21,349
3 years$15,596$15,154$14,729$14,319$13,925$13,341
4 years$11,581$11,140$10,719$10,316$9,931$9,367
5 years$9,172$8,734$8,318$7,924$7,550$7,007
6 years$7,567$7,132$6,722$6,337$5,974$5,453
7 years$6,420$5,989$5,586$5,210$4,858$4,359
8 years$5,561$5,134$4,738$4,370$4,030$3,553
9 years$4,893$4,470$4,081$3,723$3,394$2,939
10 years$4,359$3,940$3,558$3,209$2,892$2,458
11 years$3,922$3,508$3,132$2,793$2,487$2,074
12 years$3,559$3,148$2,780$2,450$2,155$1,763
13 years$3,251$2,845$2,483$2,163$1,880$1,507
14 years$2,988$2,586$2,231$1,920$1,648$1,295
15 years$2,760$2,362$2,015$1,712$1,451$1,117
16 years$2,561$2,168$1,826$1,533$1,282$966
17 years$2,385$1,996$1,662$1,377$1,137$839
18 years$2,229$1,845$1,517$1,241$1,011$730
19 years$2,090$1,710$1,389$1,122$901$636
20 years$1,964$1,589$1,275$1,016$805$556
21 years$1,851$1,480$1,172$922$720$486
22 years$1,748$1,381$1,081$838$646$426
23 years$1,655$1,292$998$763$579$373
24 years$1,569$1,210$923$696$521$328
25 years$1,490$1,136$855$636$469$288
26 years$1,418$1,068$793$581$422$253
27 years$1,350$1,005$736$532$381$223
28 years$1,288$947$684$488$343$196
29 years$1,230$893$637$447$310$173
30 years$1,177$843$593$410$280$152
31 years$1,126$797$553$377$253$134
32 years$1,079$754$516$346$229$118
33 years$1,035$714$482$319$207$104
34 years$994$677$450$293$188$92
35 years$955$642$421$270$170$81
36 years$918$610$394$248$154$72
37 years$883$579$368$229$140$63
38 years$851$550$345$211$127$56
39 years$820$523$323$195$115$49
40 years$790$498$303$179$104$44
41 years$762$474$284$166$94$39
42 years$736$451$266$153$86$34
43 years$711$430$250$141$78$30
44 years$687$410$235$130$71$27
45 years$664$391$220$120$64$24
46 years$642$373$207$111$58$21
47 years$621$356$194$103$53$18
48 years$601$340$183$95$48$16
49 years$583$324$172$88$44$14
50 years$564$310$162$81$40$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $578,000, adding $4,782 every year, while hoping to spend $50,218 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: 52/28/20 Blend
60$578,000$578,000$578,000$578,000
61$641,889$611,255$602,296$671,498
62$653,930$587,775$569,041$668,915
63$665,516$561,461$532,989$660,497
64$676,548$532,122$493,994$650,268
65$686,914$499,554$451,901$638,074
66$696,490$463,543$406,551$623,746
67$705,138$423,863$357,776$607,105
68$712,703$380,273$305,402$587,955
69$719,012$332,519$249,246$566,086
70$723,873$280,334$189,118$541,269
71$727,073$223,436$124,818$513,258
72$728,374$161,524$56,139$481,786
73$727,513$94,283$0$446,566
74$724,196$21,380$0$410,944
75$718,100$0$0$383,946
76$708,862$0$0$370,989
77$696,085$0$0$362,558
78$679,323$0$0$351,809
79$658,088$0$0$338,460
80$631,835$0$0$322,198
81$599,963$0$0$302,678
82$561,806$0$0$279,517
83$516,627$0$0$252,292
84$463,612$0$0$220,534
85$401,859$0$0$183,725
86$330,373$0$0$141,294
87$248,052$0$0$92,608
88$153,680$0$0$36,969
89$45,912$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0