Can I retire at age 61 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$42,859$42,477$42,104$41,741$41,386$40,109
2 years$21,217$20,822$20,439$20,068$19,708$18,433
3 years$14,004$13,607$13,225$12,858$12,503$11,270
4 years$10,398$10,003$9,625$9,263$8,917$7,735
5 years$8,236$7,842$7,469$7,115$6,779$5,651
6 years$6,794$6,404$6,036$5,690$5,364$4,291
7 years$5,765$5,378$5,016$4,678$4,362$3,345
8 years$4,993$4,610$4,254$3,924$3,619$2,656
9 years$4,394$4,014$3,664$3,343$3,048$2,138
10 years$3,914$3,538$3,194$2,881$2,597$1,739
11 years$3,522$3,150$2,812$2,508$2,233$1,426
12 years$3,196$2,827$2,496$2,200$1,935$1,177
13 years$2,919$2,555$2,230$1,942$1,688$977
14 years$2,683$2,322$2,004$1,724$1,479$814
15 years$2,478$2,121$1,809$1,537$1,303$680
16 years$2,299$1,946$1,640$1,376$1,151$570
17 years$2,142$1,792$1,492$1,237$1,021$479
18 years$2,002$1,656$1,362$1,115$908$403
19 years$1,876$1,535$1,247$1,007$809$340
20 years$1,764$1,426$1,145$912$723$287
21 years$1,662$1,329$1,053$828$647$243
22 years$1,570$1,240$970$753$580$205
23 years$1,486$1,160$896$685$520$174
24 years$1,409$1,087$829$625$468$147
25 years$1,338$1,020$767$571$421$125
26 years$1,273$959$712$522$379$106
27 years$1,213$902$661$478$342$90
28 years$1,157$850$614$438$308$76
29 years$1,105$802$572$401$278$65
30 years$1,056$757$533$368$252$55
31 years$1,011$716$497$338$227$47
32 years$969$677$463$311$206$40
33 years$929$642$433$286$186$34
34 years$892$608$404$263$169$29
35 years$857$577$378$242$153$24
36 years$824$547$353$223$138$21
37 years$793$520$331$206$125$18
38 years$764$494$310$189$114$15
39 years$736$470$290$175$103$13
40 years$710$447$272$161$94$11
41 years$685$426$255$149$85$9
42 years$661$405$239$137$77$8
43 years$638$386$225$127$70$7
44 years$617$368$211$117$63$6
45 years$596$351$198$108$58$5
46 years$577$335$186$100$52$4
47 years$558$320$175$92$47$3
48 years$540$305$164$85$43$3
49 years$523$291$154$79$39$3
50 years$507$278$145$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $519,000, adding $6,023 every year, while hoping to spend $24,064 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: 58/35/7 Blend
60$519,000$519,000$519,000$519,000
61$578,151$550,644$542,599$610,465
62$611,518$552,021$535,172$634,264
63$647,483$552,660$526,690$656,935
64$686,283$552,498$517,092$681,046
65$728,184$551,470$506,314$706,738
66$773,473$549,506$494,290$734,163
67$822,469$546,533$480,950$763,495
68$875,520$542,473$466,221$794,921
69$933,011$537,242$450,028$828,651
70$995,364$530,753$432,290$864,918
71$1,063,043$522,912$412,923$903,977
72$1,136,560$513,621$391,843$946,113
73$1,216,475$502,775$368,956$991,641
74$1,303,407$490,262$344,167$1,040,906
75$1,398,037$475,967$317,379$1,094,295
76$1,501,111$459,764$288,486$1,152,232
77$1,613,454$441,522$257,379$1,215,187
78$1,735,972$421,102$223,947$1,283,681
79$1,869,661$398,357$188,070$1,358,287
80$2,015,621$373,130$149,624$1,439,643
81$2,175,059$345,258$108,481$1,528,451
82$2,349,306$314,567$64,506$1,625,487
83$2,539,826$280,872$17,558$1,731,610
84$2,748,233$243,978$0$1,847,770
85$2,976,301$203,682$0$1,977,444
86$3,225,986$159,765$0$2,120,919
87$3,499,442$111,998$0$2,278,174
88$3,799,038$60,140$0$2,450,636
89$4,127,388$3,934$0$2,639,879
90$4,487,365$0$0$2,847,642
91$4,882,138$0$0$3,097,757
92$5,315,195$0$0$3,373,834
93$5,790,380$0$0$3,676,815
94$6,311,923$0$0$4,009,404
95$6,884,488$0$0$4,374,579
96$7,513,211$0$0$4,775,624
97$8,203,748$0$0$5,216,152
98$8,962,331$0$0$5,700,147
99$9,795,827$0$0$6,231,995
100$10,711,799$0$0$6,816,531