Can I retire at age 61 with 525,000?

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 $525,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$43,354$42,968$42,591$42,223$41,864$41,635
2 years$21,462$21,063$20,675$20,300$19,935$19,704
3 years$14,166$13,765$13,378$13,006$12,648$12,422
4 years$10,519$10,118$9,736$9,370$9,021$8,801
5 years$8,331$7,933$7,556$7,197$6,857$6,646
6 years$6,873$6,478$6,106$5,756$5,426$5,222
7 years$5,832$5,440$5,074$4,732$4,413$4,217
8 years$5,051$4,663$4,303$3,970$3,661$3,473
9 years$4,444$4,060$3,706$3,381$3,083$2,903
10 years$3,959$3,579$3,231$2,915$2,627$2,454
11 years$3,563$3,186$2,845$2,537$2,259$2,094
12 years$3,232$2,860$2,525$2,225$1,958$1,800
13 years$2,953$2,584$2,256$1,964$1,707$1,557
14 years$2,714$2,349$2,027$1,744$1,496$1,353
15 years$2,507$2,146$1,830$1,555$1,318$1,181
16 years$2,326$1,969$1,659$1,392$1,165$1,035
17 years$2,166$1,813$1,510$1,251$1,033$910
18 years$2,025$1,675$1,378$1,127$918$802
19 years$1,898$1,553$1,262$1,019$818$708
20 years$1,784$1,443$1,158$923$731$627
21 years$1,681$1,344$1,065$837$654$555
22 years$1,588$1,255$982$761$586$493
23 years$1,503$1,173$906$693$526$438
24 years$1,425$1,099$838$632$473$390
25 years$1,354$1,032$776$578$426$348
26 years$1,288$970$720$528$383$310
27 years$1,227$913$669$483$346$277
28 years$1,170$860$622$443$312$247
29 years$1,118$811$578$406$282$221
30 years$1,069$766$539$373$255$197
31 years$1,023$724$502$342$230$177
32 years$980$685$469$315$208$158
33 years$940$649$438$289$188$142
34 years$903$615$409$266$171$127
35 years$867$583$382$245$154$114
36 years$834$554$358$226$140$102
37 years$802$526$335$208$127$91
38 years$773$500$313$192$115$82
39 years$744$475$294$177$104$73
40 years$718$452$275$163$95$66
41 years$692$430$258$150$86$59
42 years$668$410$242$139$78$53
43 years$646$391$227$128$71$48
44 years$624$372$213$118$64$43
45 years$603$355$200$109$58$38
46 years$583$339$188$101$53$34
47 years$564$323$177$93$48$31
48 years$546$309$166$86$44$28
49 years$529$295$156$80$40$25
50 years$513$281$147$74$36$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $525,000, adding $3,293 every year, while hoping to spend $27,086 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: 61/17/22 Blend
60$525,000$525,000$525,000$525,000
61$581,947$554,122$545,984$613,889
62$612,486$552,454$535,455$634,237
63$645,232$549,798$523,666$653,166
64$680,383$546,074$510,545$673,220
65$718,152$541,202$496,019$694,513
66$758,778$535,096$480,010$717,172
67$802,520$527,662$462,437$741,335
68$849,664$518,804$443,215$767,158
69$900,522$508,418$422,256$794,814
70$955,441$496,396$399,467$824,493
71$1,014,797$482,621$374,750$856,408
72$1,079,008$466,971$348,006$890,794
73$1,148,530$449,316$319,128$927,910
74$1,223,867$429,519$288,005$968,046
75$1,305,571$407,435$254,523$1,011,521
76$1,394,251$382,910$218,561$1,058,688
77$1,490,574$355,783$179,992$1,109,941
78$1,595,276$325,880$138,686$1,165,712
79$1,709,168$293,021$94,505$1,226,483
80$1,833,138$257,014$47,306$1,292,785
81$1,968,166$217,656$0$1,365,207
82$2,115,331$174,733$0$1,445,119
83$2,275,818$128,019$0$1,544,419
84$2,450,935$77,275$0$1,652,826
85$2,642,117$22,248$0$1,771,262
86$2,850,947$0$0$1,900,740
87$3,079,166$0$0$2,049,366
88$3,328,693$0$0$2,216,457
89$3,601,639$0$0$2,399,269
90$3,900,327$0$0$2,599,366
91$4,227,318$0$0$2,818,467
92$4,585,431$0$0$3,058,467
93$4,977,770$0$0$3,321,450
94$5,407,753$0$0$3,609,715
95$5,879,145$0$0$3,925,791
96$6,396,092$0$0$4,272,466
97$6,963,163$0$0$4,652,808
98$7,585,387$0$0$5,070,198
99$8,268,305$0$0$5,528,360
100$9,018,020$0$0$6,031,397