Can I retire at age 61 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$42,528$42,149$41,780$41,419$41,067$40,757
2 years$21,054$20,661$20,281$19,913$19,556$19,243
3 years$13,896$13,502$13,123$12,758$12,407$12,101
4 years$10,318$9,926$9,551$9,192$8,849$8,553
5 years$8,172$7,782$7,412$7,060$6,727$6,441
6 years$6,742$6,355$5,990$5,646$5,323$5,048
7 years$5,721$5,337$4,977$4,642$4,329$4,065
8 years$4,955$4,574$4,221$3,894$3,591$3,338
9 years$4,360$3,983$3,636$3,317$3,024$2,782
10 years$3,884$3,511$3,170$2,859$2,577$2,345
11 years$3,495$3,125$2,791$2,488$2,216$1,995
12 years$3,171$2,805$2,477$2,183$1,920$1,709
13 years$2,897$2,535$2,213$1,927$1,675$1,474
14 years$2,662$2,304$1,988$1,710$1,468$1,277
15 years$2,459$2,105$1,795$1,525$1,293$1,111
16 years$2,282$1,931$1,627$1,366$1,142$970
17 years$2,125$1,779$1,481$1,227$1,013$850
18 years$1,986$1,644$1,352$1,106$901$746
19 years$1,862$1,523$1,238$999$803$657
20 years$1,750$1,415$1,136$905$717$579
21 years$1,649$1,318$1,045$821$642$511
22 years$1,558$1,231$963$747$575$452
23 years$1,474$1,151$889$680$516$401
24 years$1,398$1,078$822$620$464$355
25 years$1,328$1,012$762$567$418$315
26 years$1,263$951$706$518$376$280
27 years$1,203$895$656$474$339$249
28 years$1,148$844$610$434$306$221
29 years$1,096$796$567$398$276$197
30 years$1,048$752$528$366$250$176
31 years$1,004$710$493$336$226$156
32 years$962$672$460$309$204$139
33 years$922$637$429$284$185$124
34 years$885$603$401$261$167$111
35 years$851$572$375$240$152$99
36 years$818$543$351$221$137$88
37 years$787$516$328$204$124$79
38 years$758$490$307$188$113$70
39 years$730$466$288$173$102$63
40 years$704$444$270$160$93$56
41 years$679$422$253$148$84$50
42 years$656$402$237$136$76$45
43 years$633$383$223$126$69$40
44 years$612$365$209$116$63$36
45 years$592$348$196$107$57$32
46 years$572$332$184$99$52$29
47 years$554$317$173$91$47$26
48 years$536$303$163$85$43$23
49 years$519$289$153$78$39$20
50 years$503$276$144$72$35$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $515,000, adding $5,822 every year, while hoping to spend $43,044 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: 37/33/30 Blend
60$515,000$515,000$515,000$515,000
61$573,535$546,240$538,258$589,448
62$586,238$527,208$510,491$582,743
63$598,793$505,800$480,351$571,199
64$611,140$481,855$447,714$557,920
65$623,212$455,201$412,448$542,780
66$634,932$425,659$374,418$525,642
67$646,215$393,035$333,480$506,361
68$656,963$357,129$289,486$484,781
69$667,071$317,725$242,281$460,737
70$676,416$274,598$191,702$434,051
71$684,866$227,509$137,579$404,533
72$692,271$176,205$79,737$371,980
73$698,464$120,420$17,989$336,175
74$703,259$59,873$0$296,885
75$706,451$0$0$269,196
76$707,808$0$0$246,729
77$707,078$0$0$245,112
78$703,975$0$0$242,486
79$698,187$0$0$238,723
80$689,364$0$0$233,678
81$677,119$0$0$227,192
82$661,025$0$0$219,090
83$640,607$0$0$209,176
84$615,340$0$0$197,234
85$584,641$0$0$183,027
86$547,866$0$0$166,288
87$504,304$0$0$146,728
88$453,165$0$0$124,021
89$393,580$0$0$97,812
90$324,584$0$0$67,706
91$245,112$0$0$33,266
92$153,987$0$0$0
93$49,911$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