Can I retire at age 61 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$46,987$46,569$46,161$45,762$45,373$44,133
2 years$23,261$22,828$22,408$22,001$21,606$20,366
3 years$15,353$14,918$14,499$14,096$13,708$12,506
4 years$11,400$10,967$10,552$10,156$9,777$8,623
5 years$9,029$8,598$8,189$7,800$7,432$6,329
6 years$7,449$7,021$6,618$6,238$5,881$4,830
7 years$6,320$5,896$5,499$5,129$4,783$3,784
8 years$5,475$5,054$4,664$4,302$3,968$3,020
9 years$4,817$4,400$4,017$3,665$3,341$2,445
10 years$4,291$3,879$3,502$3,159$2,847$2,000
11 years$3,861$3,453$3,083$2,749$2,448$1,650
12 years$3,503$3,099$2,736$2,411$2,122$1,370
13 years$3,201$2,801$2,445$2,129$1,850$1,143
14 years$2,942$2,546$2,197$1,890$1,622$958
15 years$2,717$2,326$1,983$1,685$1,428$806
16 years$2,521$2,134$1,798$1,509$1,262$680
17 years$2,348$1,965$1,636$1,356$1,119$575
18 years$2,194$1,816$1,494$1,222$995$488
19 years$2,057$1,683$1,367$1,104$887$414
20 years$1,934$1,564$1,255$1,000$792$352
21 years$1,822$1,457$1,154$908$709$299
22 years$1,721$1,360$1,064$825$635$255
23 years$1,629$1,272$982$752$570$218
24 years$1,545$1,192$908$685$513$186
25 years$1,467$1,118$841$626$461$158
26 years$1,395$1,051$780$572$416$135
27 years$1,329$989$725$524$375$116
28 years$1,268$932$674$480$338$99
29 years$1,211$879$627$440$305$85
30 years$1,158$830$584$404$276$72
31 years$1,109$785$544$371$249$62
32 years$1,062$743$508$341$226$53
33 years$1,019$703$474$314$204$45
34 years$978$667$443$288$185$39
35 years$940$632$414$266$167$33
36 years$904$600$388$245$152$28
37 years$870$570$363$225$137$24
38 years$837$542$340$208$125$21
39 years$807$515$318$192$113$18
40 years$778$490$298$177$103$15
41 years$750$466$280$163$93$13
42 years$724$444$262$150$84$11
43 years$700$423$246$139$77$10
44 years$676$403$231$128$70$8
45 years$654$385$217$118$63$7
46 years$632$367$204$109$57$6
47 years$612$350$191$101$52$5
48 years$592$334$180$93$47$4
49 years$573$319$169$86$43$4
50 years$556$305$159$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $569,000, adding $4,979 every year, while hoping to spend $26,084 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: 64/18/18 Blend
60$569,000$569,000$569,000$569,000
61$632,174$602,017$593,197$669,473
62$668,902$603,762$585,316$696,876
63$708,503$604,719$576,297$723,379
64$751,241$604,822$566,074$751,711
65$797,408$603,998$554,578$782,052
66$847,325$602,176$541,737$814,601
67$901,344$599,274$527,477$849,578
68$959,852$595,209$511,718$887,225
69$1,023,274$589,892$494,378$927,810
70$1,092,080$583,228$475,372$971,630
71$1,166,783$575,117$454,608$1,019,013
72$1,247,950$565,453$431,992$1,070,319
73$1,336,204$554,123$407,427$1,125,949
74$1,432,230$541,009$380,809$1,186,345
75$1,536,783$525,983$352,032$1,251,995
76$1,650,692$508,913$320,982$1,323,438
77$1,774,869$489,657$287,542$1,401,270
78$1,910,321$468,066$251,590$1,486,148
79$2,058,153$443,980$212,997$1,578,798
80$2,219,583$417,233$171,631$1,680,024
81$2,395,951$387,648$127,350$1,790,712
82$2,588,732$355,037$80,011$1,911,839
83$2,799,552$319,203$29,460$2,044,486
84$3,030,198$279,936$0$2,189,845
85$3,282,640$237,015$0$2,353,936
86$3,559,048$190,207$0$2,539,853
87$3,861,809$139,265$0$2,743,571
88$4,193,553$83,929$0$2,966,894
89$4,557,177$23,923$0$3,211,813
90$4,955,871$0$0$3,480,523
91$5,393,149$0$0$3,783,574
92$5,872,880$0$0$4,121,285
93$6,399,326$0$0$4,491,924
94$6,977,184$0$0$4,898,802
95$7,611,625$0$0$5,345,565
96$8,308,346$0$0$5,836,231
97$9,073,623$0$0$6,375,226
98$9,914,370$0$0$6,967,425
99$10,838,203$0$0$7,618,199
100$11,853,513$0$0$8,333,465