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%14%
1 years$47,318$46,896$46,485$46,084$45,692$44,935
2 years$23,425$22,988$22,566$22,156$21,758$20,998
3 years$15,461$15,023$14,601$14,195$13,804$13,064
4 years$11,480$11,044$10,626$10,227$9,845$9,131
5 years$9,093$8,658$8,246$7,855$7,484$6,798
6 years$7,501$7,070$6,664$6,282$5,922$5,264
7 years$6,365$5,938$5,538$5,165$4,816$4,188
8 years$5,513$5,090$4,697$4,333$3,995$3,396
9 years$4,851$4,431$4,045$3,690$3,365$2,794
10 years$4,321$3,906$3,527$3,181$2,867$2,324
11 years$3,888$3,477$3,105$2,769$2,466$1,950
12 years$3,528$3,121$2,755$2,428$2,137$1,648
13 years$3,223$2,821$2,462$2,144$1,863$1,400
14 years$2,962$2,564$2,212$1,903$1,633$1,196
15 years$2,736$2,342$1,997$1,697$1,438$1,025
16 years$2,539$2,149$1,811$1,520$1,271$881
17 years$2,364$1,979$1,648$1,365$1,127$760
18 years$2,210$1,829$1,504$1,231$1,002$657
19 years$2,072$1,695$1,377$1,112$893$569
20 years$1,947$1,575$1,264$1,007$798$494
21 years$1,835$1,467$1,162$914$714$429
22 years$1,733$1,369$1,071$831$640$373
23 years$1,640$1,281$989$757$574$325
24 years$1,555$1,200$915$690$516$283
25 years$1,477$1,126$847$630$465$247
26 years$1,405$1,058$786$576$418$216
27 years$1,339$996$730$528$377$188
28 years$1,277$939$678$483$340$165
29 years$1,220$885$631$443$307$144
30 years$1,166$836$588$407$278$126
31 years$1,117$790$548$374$251$110
32 years$1,070$748$511$343$227$96
33 years$1,026$708$478$316$206$84
34 years$985$671$446$291$186$74
35 years$946$637$417$267$169$65
36 years$910$604$390$246$153$57
37 years$876$574$365$227$138$50
38 years$843$545$342$209$126$44
39 years$813$519$320$193$114$38
40 years$783$494$300$178$103$33
41 years$756$470$282$164$94$29
42 years$730$447$264$151$85$26
43 years$705$426$248$140$77$23
44 years$681$406$233$129$70$20
45 years$658$387$219$119$64$17
46 years$637$370$205$110$58$15
47 years$616$353$193$102$52$13
48 years$596$337$181$94$48$12
49 years$577$322$170$87$43$10
50 years$559$307$160$80$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $573,000, adding $3,078 every year, while hoping to spend $22,898 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: 43/44/13 Blend
60$573,000$573,000$573,000$573,000
61$634,621$604,252$595,370$659,389
62$674,989$609,497$590,952$682,267
63$718,707$614,232$585,618$704,506
64$766,093$618,407$579,314$728,095
65$817,495$621,970$571,982$753,169
66$873,299$624,865$563,562$779,876
67$933,925$627,033$553,992$808,380
68$999,840$628,412$543,204$838,864
69$1,071,553$628,933$531,131$871,529
70$1,149,627$628,527$517,700$906,599
71$1,234,681$627,117$502,835$944,324
72$1,327,396$624,624$486,458$984,978
73$1,428,522$620,962$468,486$1,028,865
74$1,538,883$616,041$448,832$1,076,324
75$1,659,388$609,765$427,406$1,127,729
76$1,791,035$602,033$404,114$1,183,493
77$1,934,926$592,738$378,857$1,244,076
78$2,092,271$581,765$351,532$1,309,985
79$2,264,406$568,994$322,030$1,381,783
80$2,452,797$554,297$290,241$1,460,090
81$2,659,064$537,539$256,045$1,545,596
82$2,884,986$518,576$219,320$1,639,061
83$3,132,525$497,257$179,938$1,741,328
84$3,403,841$473,421$137,765$1,853,329
85$3,701,313$446,899$92,660$1,976,094
86$4,027,561$417,511$44,478$2,110,761
87$4,385,471$385,068$0$2,258,591
88$4,778,222$349,369$0$2,421,939
89$5,209,314$310,201$0$2,608,027
90$5,682,604$267,341$0$2,812,403
91$6,202,341$220,552$0$3,036,972
92$6,773,205$169,584$0$3,283,835
93$7,400,351$114,173$0$3,555,313
94$8,089,458$54,039$0$3,853,968
95$8,846,784$0$0$4,182,630
96$9,679,222$0$0$4,549,801
97$10,594,365$0$0$4,982,292
98$11,600,581$0$0$5,457,902
99$12,707,087$0$0$5,980,997
100$13,924,039$0$0$6,556,390