Can I retire at age 61 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$45,253$44,850$44,457$44,073$43,698$43,278
2 years$22,403$21,985$21,581$21,189$20,809$20,385
3 years$14,787$14,368$13,964$13,576$13,202$12,789
4 years$10,980$10,562$10,162$9,781$9,416$9,016
5 years$8,696$8,281$7,887$7,513$7,158$6,772
6 years$7,174$6,762$6,373$6,008$5,664$5,293
7 years$6,087$5,678$5,296$4,939$4,606$4,250
8 years$5,272$4,867$4,492$4,144$3,821$3,480
9 years$4,639$4,238$3,869$3,529$3,218$2,892
10 years$4,133$3,736$3,373$3,042$2,742$2,431
11 years$3,719$3,326$2,969$2,648$2,358$2,061
12 years$3,374$2,985$2,635$2,322$2,043$1,761
13 years$3,083$2,697$2,354$2,050$1,782$1,513
14 years$2,833$2,452$2,115$1,820$1,562$1,307
15 years$2,617$2,240$1,910$1,623$1,375$1,133
16 years$2,428$2,055$1,732$1,453$1,216$986
17 years$2,261$1,893$1,576$1,306$1,078$861
18 years$2,113$1,749$1,438$1,177$958$753
19 years$1,981$1,621$1,317$1,063$854$660
20 years$1,862$1,506$1,209$963$763$580
21 years$1,755$1,403$1,112$874$683$510
22 years$1,658$1,310$1,025$795$612$450
23 years$1,569$1,225$946$724$549$397
24 years$1,488$1,148$875$660$494$351
25 years$1,413$1,077$810$603$444$310
26 years$1,344$1,012$752$551$400$274
27 years$1,280$953$698$505$361$243
28 years$1,221$898$649$462$326$215
29 years$1,167$847$604$424$294$191
30 years$1,115$800$562$389$266$169
31 years$1,068$756$524$357$240$150
32 years$1,023$715$489$328$217$133
33 years$981$677$457$302$197$118
34 years$942$642$427$278$178$105
35 years$905$609$399$256$161$93
36 years$870$578$373$236$146$83
37 years$837$549$349$217$132$74
38 years$806$522$327$200$120$66
39 years$777$496$306$184$109$58
40 years$749$472$287$170$99$52
41 years$723$449$269$157$90$46
42 years$698$428$253$145$81$41
43 years$674$408$237$134$74$37
44 years$651$389$223$123$67$33
45 years$629$371$209$114$61$29
46 years$609$354$196$105$55$26
47 years$589$337$184$97$50$23
48 years$570$322$173$90$46$20
49 years$552$308$163$83$41$18
50 years$535$294$153$77$38$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $548,000, adding $5,665 every year, while hoping to spend $39,508 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: 24/48/28 Blend
60$548,000$548,000$548,000$548,000
61$609,739$580,695$572,201$618,904
62$629,897$567,113$549,334$613,526
63$650,786$551,542$524,376$604,064
64$672,440$533,841$497,217$593,097
65$694,894$513,864$467,738$580,528
66$718,184$491,455$435,819$566,251
67$742,352$466,449$401,332$550,158
68$767,438$438,671$364,143$532,133
69$793,488$407,938$324,113$512,055
70$820,550$374,053$281,097$489,797
71$848,675$336,811$234,943$465,225
72$877,919$295,993$185,492$438,197
73$908,340$251,370$132,580$408,566
74$940,001$202,698$76,032$376,175
75$972,971$149,719$15,668$340,862
76$1,007,322$92,163$0$302,453
77$1,043,132$29,743$0$275,334
78$1,080,487$0$0$250,693
79$1,119,477$0$0$243,696
80$1,160,200$0$0$252,816
81$1,202,763$0$0$262,371
82$1,247,281$0$0$272,389
83$1,293,877$0$0$282,902
84$1,342,686$0$0$293,943
85$1,393,854$0$0$305,549
86$1,447,539$0$0$317,760
87$1,503,913$0$0$330,620
88$1,563,161$0$0$344,175
89$1,625,487$0$0$358,478
90$1,691,111$0$0$373,584
91$1,760,274$0$0$389,555
92$1,833,235$0$0$406,458
93$1,910,282$0$0$424,366
94$1,991,724$0$0$443,358
95$2,077,901$0$0$463,523
96$2,169,183$0$0$484,955
97$2,265,974$0$0$507,759
98$2,368,718$0$0$532,049
99$2,477,898$0$0$557,950
100$2,594,042$0$0$585,599