Can I retire at age 61 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$47,483$47,060$46,647$46,245$45,851$45,129
2 years$23,506$23,069$22,644$22,233$21,834$21,108
3 years$15,515$15,076$14,652$14,245$13,852$13,145
4 years$11,520$11,082$10,663$10,263$9,880$9,197
5 years$9,124$8,689$8,275$7,883$7,510$6,854
6 years$7,527$7,095$6,687$6,304$5,943$5,314
7 years$6,387$5,958$5,557$5,183$4,833$4,232
8 years$5,532$5,107$4,713$4,348$4,009$3,435
9 years$4,868$4,447$4,059$3,703$3,377$2,830
10 years$4,336$3,920$3,539$3,192$2,877$2,357
11 years$3,902$3,489$3,116$2,778$2,474$1,980
12 years$3,540$3,132$2,765$2,437$2,144$1,675
13 years$3,234$2,830$2,470$2,151$1,870$1,426
14 years$2,973$2,573$2,220$1,910$1,639$1,219
15 years$2,746$2,350$2,004$1,703$1,443$1,046
16 years$2,547$2,156$1,817$1,525$1,275$901
17 years$2,373$1,986$1,653$1,370$1,131$778
18 years$2,218$1,835$1,509$1,235$1,006$674
19 years$2,079$1,701$1,382$1,116$896$584
20 years$1,954$1,580$1,268$1,011$801$508
21 years$1,842$1,472$1,166$917$716$442
22 years$1,739$1,374$1,075$834$642$385
23 years$1,646$1,285$993$759$576$336
24 years$1,561$1,204$918$693$518$293
25 years$1,482$1,130$850$633$466$256
26 years$1,410$1,062$789$578$420$224
27 years$1,343$999$732$529$379$196
28 years$1,282$942$681$485$342$171
29 years$1,224$888$633$445$308$150
30 years$1,170$839$590$408$279$132
31 years$1,120$793$550$375$252$115
32 years$1,074$751$513$345$228$101
33 years$1,030$711$479$317$206$89
34 years$989$674$448$292$187$78
35 years$950$639$419$268$169$68
36 years$913$606$392$247$153$60
37 years$879$576$367$228$139$53
38 years$846$547$343$210$126$46
39 years$815$521$322$194$114$41
40 years$786$495$301$179$104$36
41 years$758$471$283$165$94$31
42 years$732$449$265$152$85$27
43 years$707$428$249$140$77$24
44 years$683$408$234$130$70$21
45 years$660$389$219$120$64$19
46 years$639$371$206$111$58$16
47 years$618$354$193$102$53$14
48 years$598$338$182$94$48$13
49 years$579$323$171$87$43$11
50 years$561$308$161$81$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $575,000, adding $3,293 every year, while hoping to spend $30,868 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: 40/48/12 Blend
60$575,000$575,000$575,000$575,000
61$637,047$606,572$597,659$660,121
62$669,182$603,450$584,838$673,601
63$703,561$599,142$570,552$684,884
64$740,379$593,555$554,720$696,410
65$779,852$586,593$537,257$708,214
66$822,216$578,155$518,074$720,338
67$867,729$568,132$497,077$732,829
68$916,677$556,410$474,169$745,745
69$969,371$542,867$449,247$759,148
70$1,026,155$527,375$422,205$773,112
71$1,087,405$509,799$392,930$787,720
72$1,153,534$489,993$361,308$803,069
73$1,224,999$467,807$327,215$819,268
74$1,302,297$443,077$290,525$836,438
75$1,385,978$415,636$251,105$854,721
76$1,476,647$385,301$208,816$874,275
77$1,574,967$351,882$163,514$895,278
78$1,681,668$315,179$115,046$917,933
79$1,797,554$274,978$63,255$942,466
80$1,923,507$231,055$7,977$969,134
81$2,060,499$183,171$0$998,224
82$2,209,599$131,076$0$1,036,590
83$2,371,984$74,504$0$1,079,577
84$2,548,948$13,176$0$1,126,593
85$2,741,915$0$0$1,178,115
86$2,952,454$0$0$1,262,780
87$3,182,290$0$0$1,362,874
88$3,433,322$0$0$1,472,273
89$3,707,643$0$0$1,591,898
90$4,007,555$0$0$1,722,763
91$4,335,592$0$0$1,865,983
92$4,694,545$0$0$2,022,787
93$5,087,489$0$0$2,194,530
94$5,517,807$0$0$2,382,701
95$5,989,226$0$0$2,588,942
96$6,505,851$0$0$2,815,060
97$7,072,203$0$0$3,063,047
98$7,693,258$0$0$3,335,096
99$8,374,502$0$0$3,633,621
100$9,121,973$0$0$3,961,284