Can I retire at age 61 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$47,648$47,224$46,810$46,405$46,011$45,702
2 years$23,588$23,149$22,723$22,310$21,910$21,598
3 years$15,569$15,128$14,703$14,294$13,901$13,596
4 years$11,561$11,121$10,700$10,298$9,914$9,619
5 years$9,156$8,719$8,304$7,910$7,536$7,251
6 years$7,553$7,120$6,711$6,326$5,963$5,689
7 years$6,409$5,979$5,577$5,201$4,850$4,586
8 years$5,551$5,125$4,729$4,363$4,023$3,770
9 years$4,885$4,462$4,073$3,716$3,388$3,146
10 years$4,352$3,933$3,551$3,203$2,887$2,655
11 years$3,916$3,502$3,127$2,788$2,483$2,261
12 years$3,553$3,143$2,775$2,445$2,152$1,940
13 years$3,246$2,840$2,479$2,159$1,876$1,675
14 years$2,983$2,582$2,227$1,916$1,645$1,453
15 years$2,755$2,358$2,011$1,709$1,448$1,266
16 years$2,556$2,164$1,823$1,530$1,280$1,107
17 years$2,381$1,993$1,659$1,375$1,135$971
18 years$2,225$1,841$1,515$1,239$1,009$854
19 years$2,086$1,707$1,387$1,120$899$752
20 years$1,961$1,586$1,272$1,014$803$664
21 years$1,848$1,477$1,170$920$719$588
22 years$1,745$1,379$1,079$837$644$521
23 years$1,652$1,290$996$762$578$462
24 years$1,566$1,208$921$695$520$410
25 years$1,488$1,134$853$635$468$364
26 years$1,415$1,066$791$580$421$324
27 years$1,348$1,003$735$531$380$289
28 years$1,286$945$683$487$343$257
29 years$1,228$892$636$446$310$229
30 years$1,175$842$592$410$280$205
31 years$1,124$796$552$376$253$183
32 years$1,077$753$515$346$229$163
33 years$1,033$713$481$318$207$146
34 years$992$676$449$293$187$130
35 years$953$641$420$269$170$116
36 years$916$609$393$248$154$104
37 years$882$578$368$229$139$93
38 years$849$549$344$211$126$83
39 years$818$522$323$194$115$74
40 years$789$497$302$179$104$67
41 years$761$473$284$165$94$60
42 years$735$451$266$153$86$53
43 years$709$429$250$141$78$48
44 years$686$409$234$130$70$43
45 years$663$390$220$120$64$38
46 years$641$372$207$111$58$34
47 years$620$355$194$102$53$31
48 years$600$339$182$95$48$27
49 years$581$324$171$88$44$25
50 years$563$309$161$81$40$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $577,000, adding $5,131 every year, while hoping to spend $43,013 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: 68/23/9 Blend
60$577,000$577,000$577,000$577,000
61$641,147$610,566$601,622$683,278
62$660,778$594,718$576,011$696,054
63$680,970$576,652$548,100$704,351
64$701,735$556,214$517,767$712,283
65$723,084$533,240$484,885$719,808
66$745,029$507,559$449,318$726,880
67$767,579$478,987$410,928$733,451
68$790,747$447,332$369,569$739,468
69$814,541$412,389$325,087$744,876
70$838,971$373,943$277,324$749,614
71$864,045$331,765$226,114$753,618
72$889,771$285,615$171,282$756,821
73$916,155$235,238$112,647$759,148
74$943,203$180,364$50,021$760,522
75$970,918$120,710$0$760,857
76$999,302$55,976$0$761,680
77$1,028,356$0$0$766,511
78$1,058,078$0$0$774,041
79$1,088,464$0$0$796,217
80$1,119,507$0$0$818,867
81$1,151,197$0$0$841,983
82$1,183,520$0$0$865,554
83$1,216,460$0$0$889,565
84$1,249,995$0$0$914,002
85$1,284,098$0$0$938,842
86$1,318,737$0$0$964,062
87$1,353,875$0$0$989,633
88$1,389,467$0$0$1,015,519
89$1,425,460$0$0$1,041,682
90$1,461,794$0$0$1,068,075
91$1,498,399$0$0$1,094,644
92$1,535,194$0$0$1,121,328
93$1,572,086$0$0$1,148,058
94$1,608,971$0$0$1,174,753
95$1,645,729$0$0$1,201,323
96$1,682,225$0$0$1,227,666
97$1,718,305$0$0$1,253,666
98$1,753,797$0$0$1,279,192
99$1,788,506$0$0$1,304,098
100$1,822,214$0$0$1,328,219