Can I retire at age 61 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$47,318$46,896$46,485$46,084$45,692$44,990
2 years$23,425$22,988$22,566$22,156$21,758$21,053
3 years$15,461$15,023$14,601$14,195$13,804$13,118
4 years$11,480$11,044$10,626$10,227$9,845$9,182
5 years$9,093$8,658$8,246$7,855$7,484$6,847
6 years$7,501$7,070$6,664$6,282$5,922$5,311
7 years$6,365$5,938$5,538$5,165$4,816$4,232
8 years$5,513$5,090$4,697$4,333$3,995$3,437
9 years$4,851$4,431$4,045$3,690$3,365$2,833
10 years$4,321$3,906$3,527$3,181$2,867$2,361
11 years$3,888$3,477$3,105$2,769$2,466$1,985
12 years$3,528$3,121$2,755$2,428$2,137$1,680
13 years$3,223$2,821$2,462$2,144$1,863$1,431
14 years$2,962$2,564$2,212$1,903$1,633$1,224
15 years$2,736$2,342$1,997$1,697$1,438$1,052
16 years$2,539$2,149$1,811$1,520$1,271$906
17 years$2,364$1,979$1,648$1,365$1,127$783
18 years$2,210$1,829$1,504$1,231$1,002$678
19 years$2,072$1,695$1,377$1,112$893$589
20 years$1,947$1,575$1,264$1,007$798$512
21 years$1,835$1,467$1,162$914$714$446
22 years$1,733$1,369$1,071$831$640$389
23 years$1,640$1,281$989$757$574$339
24 years$1,555$1,200$915$690$516$296
25 years$1,477$1,126$847$630$465$259
26 years$1,405$1,058$786$576$418$227
27 years$1,339$996$730$528$377$199
28 years$1,277$939$678$483$340$174
29 years$1,220$885$631$443$307$153
30 years$1,166$836$588$407$278$134
31 years$1,117$790$548$374$251$117
32 years$1,070$748$511$343$227$103
33 years$1,026$708$478$316$206$90
34 years$985$671$446$291$186$79
35 years$946$637$417$267$169$70
36 years$910$604$390$246$153$61
37 years$876$574$365$227$138$54
38 years$843$545$342$209$126$47
39 years$813$519$320$193$114$42
40 years$783$494$300$178$103$36
41 years$756$470$282$164$94$32
42 years$730$447$264$151$85$28
43 years$705$426$248$140$77$25
44 years$681$406$233$129$70$22
45 years$658$387$219$119$64$19
46 years$637$370$205$110$58$17
47 years$616$353$193$102$52$15
48 years$596$337$181$94$48$13
49 years$577$322$170$87$43$11
50 years$559$307$160$80$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $573,000, adding $6,801 every year, while hoping to spend $31,210 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: 49/40/11 Blend
60$573,000$573,000$573,000$573,000
61$638,461$608,092$599,211$667,519
62$670,377$604,682$586,077$684,776
63$704,502$600,058$571,457$699,677
64$741,029$594,128$555,269$715,152
65$780,169$586,795$537,425$731,262
66$822,153$577,955$517,836$748,081
67$867,236$567,498$496,406$765,687
68$915,695$555,306$473,037$784,171
69$967,837$541,257$447,625$803,635
70$1,023,998$525,221$420,062$824,194
71$1,084,546$507,057$390,235$845,975
72$1,149,888$486,621$358,026$869,123
73$1,220,468$463,757$323,311$893,799
74$1,296,777$438,302$285,963$920,184
75$1,379,351$410,081$245,845$948,482
76$1,468,782$378,913$202,818$978,918
77$1,565,720$344,602$156,735$1,011,745
78$1,670,880$306,944$107,443$1,047,246
79$1,785,049$265,723$54,781$1,085,738
80$1,909,090$220,710$0$1,127,571
81$2,043,956$171,664$0$1,173,306
82$2,190,692$118,328$0$1,230,085
83$2,350,451$60,434$0$1,291,980
84$2,524,498$0$0$1,359,557
85$2,714,229$0$0$1,434,455
86$2,921,178$0$0$1,545,221
87$3,147,033$0$0$1,666,165
88$3,393,655$0$0$1,798,291
89$3,663,089$0$0$1,942,702
90$3,957,588$0$0$2,100,615
91$4,279,634$0$0$2,273,366
92$4,631,958$0$0$2,462,431
93$5,017,565$0$0$2,669,431
94$5,439,770$0$0$2,896,155
95$5,902,217$0$0$3,144,569
96$6,408,922$0$0$3,416,840
97$6,964,309$0$0$3,715,357
98$7,573,248$0$0$4,042,747
99$8,241,105$0$0$4,401,907
100$8,973,787$0$0$4,796,025