Can I retire at age 61 with 535,000?

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 $535,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$44,180$43,786$43,402$43,028$42,662$42,375
2 years$21,871$21,464$21,069$20,686$20,315$20,026
3 years$14,436$14,027$13,633$13,254$12,889$12,606
4 years$10,719$10,311$9,921$9,549$9,192$8,918
5 years$8,490$8,084$7,699$7,334$6,988$6,723
6 years$7,004$6,601$6,222$5,865$5,529$5,275
7 years$5,943$5,544$5,171$4,822$4,497$4,252
8 years$5,147$4,752$4,385$4,045$3,731$3,496
9 years$4,529$4,137$3,777$3,446$3,142$2,917
10 years$4,035$3,647$3,293$2,970$2,677$2,462
11 years$3,631$3,247$2,899$2,585$2,302$2,097
12 years$3,294$2,914$2,573$2,267$1,995$1,799
13 years$3,009$2,633$2,299$2,002$1,740$1,553
14 years$2,766$2,394$2,065$1,777$1,525$1,347
15 years$2,555$2,187$1,865$1,585$1,343$1,174
16 years$2,370$2,006$1,691$1,419$1,187$1,026
17 years$2,208$1,848$1,538$1,275$1,052$900
18 years$2,063$1,707$1,404$1,149$936$792
19 years$1,934$1,582$1,286$1,038$834$698
20 years$1,818$1,470$1,180$940$745$616
21 years$1,714$1,370$1,085$853$667$545
22 years$1,618$1,279$1,000$776$597$483
23 years$1,532$1,196$924$707$536$428
24 years$1,452$1,120$854$644$482$380
25 years$1,379$1,051$791$589$434$338
26 years$1,312$988$734$538$391$301
27 years$1,250$930$681$493$352$268
28 years$1,192$876$633$451$318$239
29 years$1,139$827$589$414$287$213
30 years$1,089$781$549$380$259$190
31 years$1,042$738$512$349$234$169
32 years$999$698$478$321$212$151
33 years$958$661$446$295$192$135
34 years$920$627$417$271$174$121
35 years$884$595$389$250$157$108
36 years$850$564$364$230$143$96
37 years$818$536$341$212$129$86
38 years$787$509$319$195$117$77
39 years$759$484$299$180$106$69
40 years$731$461$280$166$96$62
41 years$706$439$263$153$87$55
42 years$681$418$247$141$79$49
43 years$658$398$231$131$72$44
44 years$636$379$217$121$65$40
45 years$615$362$204$111$59$35
46 years$594$345$192$103$54$32
47 years$575$329$180$95$49$28
48 years$557$314$169$88$44$25
49 years$539$300$159$81$40$23
50 years$522$287$149$75$37$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $535,000, adding $2,869 every year, while hoping to spend $32,382 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: 37/42/21 Blend
60$535,000$535,000$535,000$535,000
61$592,529$564,174$555,882$610,614
62$618,513$557,365$540,050$617,218
63$646,062$549,136$522,602$621,109
64$675,301$539,385$503,450$624,652
65$706,368$528,001$482,502$627,832
66$739,413$514,868$459,661$630,640
67$774,600$499,863$434,826$633,067
68$812,108$482,855$407,892$635,104
69$852,135$463,707$378,748$636,749
70$894,896$442,272$347,279$637,999
71$940,628$418,396$313,366$638,856
72$989,589$391,915$276,881$639,328
73$1,042,065$362,657$237,694$639,426
74$1,098,367$330,438$195,668$639,166
75$1,158,837$295,066$150,660$638,573
76$1,223,850$256,336$102,519$637,676
77$1,293,820$214,034$51,090$636,515
78$1,369,198$167,930$0$635,140
79$1,450,483$117,785$0$634,459
80$1,538,219$63,343$0$645,968
81$1,633,008$4,338$0$658,333
82$1,735,509$0$0$671,698
83$1,846,447$0$0$713,731
84$1,966,619$0$0$761,498
85$2,096,901$0$0$813,347
86$2,238,258$0$0$869,672
87$2,391,748$0$0$930,903
88$2,558,537$0$0$997,514
89$2,739,908$0$0$1,070,026
90$2,937,272$0$0$1,149,014
91$3,152,180$0$0$1,235,109
92$3,386,341$0$0$1,329,006
93$3,641,635$0$0$1,431,470
94$3,920,130$0$0$1,543,342
95$4,224,103$0$0$1,665,550
96$4,556,062$0$0$1,799,114
97$4,918,765$0$0$1,945,158
98$5,315,250$0$0$2,104,917
99$5,748,862$0$0$2,279,755
100$6,223,283$0$0$2,471,171