Can I retire at age 61 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$47,400$46,978$46,566$46,164$45,772$45,540
2 years$23,466$23,029$22,605$22,194$21,796$21,563
3 years$15,488$15,049$14,627$14,220$13,828$13,600
4 years$11,500$11,063$10,645$10,245$9,862$9,641
5 years$9,108$8,673$8,261$7,869$7,497$7,283
6 years$7,514$7,083$6,676$6,293$5,932$5,726
7 years$6,376$5,948$5,548$5,174$4,825$4,626
8 years$5,523$5,098$4,705$4,340$4,002$3,812
9 years$4,859$4,439$4,052$3,697$3,371$3,188
10 years$4,329$3,913$3,533$3,187$2,872$2,697
11 years$3,895$3,483$3,110$2,773$2,470$2,303
12 years$3,534$3,126$2,760$2,433$2,140$1,981
13 years$3,229$2,825$2,466$2,148$1,866$1,714
14 years$2,967$2,568$2,216$1,906$1,636$1,491
15 years$2,741$2,346$2,001$1,700$1,441$1,303
16 years$2,543$2,153$1,814$1,522$1,273$1,142
17 years$2,369$1,982$1,651$1,368$1,129$1,004
18 years$2,214$1,832$1,507$1,233$1,004$886
19 years$2,075$1,698$1,379$1,114$895$783
20 years$1,951$1,578$1,266$1,009$799$693
21 years$1,838$1,469$1,164$916$715$615
22 years$1,736$1,372$1,073$832$641$546
23 years$1,643$1,283$991$758$575$486
24 years$1,558$1,202$916$691$517$433
25 years$1,480$1,128$849$631$465$386
26 years$1,408$1,060$787$577$419$345
27 years$1,341$998$731$528$378$308
28 years$1,279$940$680$484$341$275
29 years$1,222$887$632$444$308$246
30 years$1,168$838$589$408$278$220
31 years$1,118$792$549$374$252$197
32 years$1,072$749$512$344$228$177
33 years$1,028$710$478$316$206$158
34 years$987$672$447$291$186$142
35 years$948$638$418$268$169$127
36 years$912$605$391$247$153$114
37 years$877$575$366$227$139$102
38 years$845$546$343$210$126$92
39 years$814$520$321$193$114$83
40 years$785$494$301$178$103$74
41 years$757$471$282$164$94$67
42 years$731$448$265$152$85$60
43 years$706$427$248$140$77$54
44 years$682$407$233$129$70$48
45 years$659$388$219$119$64$43
46 years$638$370$206$110$58$39
47 years$617$353$193$102$52$35
48 years$597$337$181$94$48$31
49 years$578$322$171$87$43$28
50 years$560$308$160$80$39$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $574,000, adding $4,159 every year, while hoping to spend $38,784 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: 49/30/21 Blend
60$574,000$574,000$574,000$574,000
61$636,838$606,416$597,519$664,094
62$660,530$594,865$576,270$671,907
63$685,338$581,447$553,009$676,125
64$711,336$566,031$527,629$679,900
65$738,602$548,477$500,014$683,205
66$767,224$528,637$470,049$686,015
67$797,293$506,352$437,608$688,303
68$828,911$481,457$402,562$690,044
69$862,188$453,777$364,776$691,214
70$897,245$423,126$324,109$691,788
71$934,211$389,307$280,415$691,742
72$973,230$352,112$233,538$691,056
73$1,014,456$311,322$183,318$689,708
74$1,058,059$266,705$129,587$687,681
75$1,104,223$218,016$72,171$684,961
76$1,153,151$164,996$10,885$681,534
77$1,205,063$107,371$0$677,392
78$1,260,199$44,852$0$684,748
79$1,318,825$0$0$694,784
80$1,381,228$0$0$712,660
81$1,447,725$0$0$747,522
82$1,518,661$0$0$784,748
83$1,594,416$0$0$824,543
84$1,675,404$0$0$867,128
85$1,762,081$0$0$912,749
86$1,854,947$0$0$961,674
87$1,954,549$0$0$1,014,198
88$2,061,488$0$0$1,070,645
89$2,176,423$0$0$1,131,368
90$2,300,078$0$0$1,196,758
91$2,433,248$0$0$1,267,242
92$2,576,807$0$0$1,343,291
93$2,731,712$0$0$1,425,421
94$2,899,018$0$0$1,514,199
95$3,079,883$0$0$1,610,248
96$3,275,578$0$0$1,714,256
97$3,487,503$0$0$1,826,975
98$3,717,196$0$0$1,949,234
99$3,966,347$0$0$2,081,944
100$4,236,816$0$0$2,226,108