Can I retire at age 61 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$35,509$35,193$34,884$34,583$34,289$33,624
2 years$17,579$17,251$16,934$16,626$16,328$15,661
3 years$11,603$11,274$10,957$10,653$10,359$9,711
4 years$8,615$8,288$7,974$7,675$7,388$6,763
5 years$6,823$6,498$6,188$5,895$5,616$5,017
6 years$5,629$5,306$5,001$4,714$4,444$3,870
7 years$4,776$4,456$4,156$3,876$3,614$3,067
8 years$4,137$3,819$3,525$3,251$2,998$2,477
9 years$3,640$3,325$3,036$2,769$2,525$2,029
10 years$3,243$2,931$2,647$2,387$2,151$1,680
11 years$2,918$2,610$2,330$2,078$1,850$1,404
12 years$2,648$2,342$2,068$1,822$1,603$1,181
13 years$2,419$2,117$1,847$1,609$1,398$999
14 years$2,223$1,924$1,660$1,428$1,226$849
15 years$2,053$1,758$1,499$1,274$1,079$724
16 years$1,905$1,613$1,359$1,140$954$620
17 years$1,774$1,485$1,236$1,025$846$532
18 years$1,658$1,372$1,129$923$752$457
19 years$1,555$1,272$1,033$834$670$394
20 years$1,461$1,182$948$756$599$340
21 years$1,377$1,101$872$686$536$294
22 years$1,301$1,028$804$624$480$254
23 years$1,231$961$742$568$431$220
24 years$1,167$900$686$518$387$191
25 years$1,109$845$636$473$349$166
26 years$1,055$794$590$433$314$144
27 years$1,005$747$548$396$283$125
28 years$958$704$509$363$255$109
29 years$915$664$474$333$231$94
30 years$875$627$441$305$208$82
31 years$838$593$411$280$188$71
32 years$803$561$384$258$170$62
33 years$770$532$358$237$154$54
34 years$739$504$335$218$140$47
35 years$710$478$313$201$127$41
36 years$683$454$293$185$115$36
37 years$657$431$274$170$104$31
38 years$633$409$257$157$94$27
39 years$610$389$240$145$85$24
40 years$588$370$225$133$77$21
41 years$567$353$211$123$70$18
42 years$547$336$198$114$64$16
43 years$529$320$186$105$58$14
44 years$511$305$175$97$53$12
45 years$494$291$164$89$48$10
46 years$478$277$154$83$43$9
47 years$462$265$145$76$39$8
48 years$447$253$136$71$36$7
49 years$433$241$128$65$32$6
50 years$420$231$120$60$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $430,000, adding $6,146 every year, while hoping to spend $34,429 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: 73/13/14 Blend
60$430,000$430,000$430,000$430,000
61$480,200$457,410$450,745$513,354
62$492,548$443,190$429,212$521,908
63$505,002$427,121$405,805$526,447
64$517,535$409,073$380,423$530,498
65$530,120$388,914$352,963$534,005
66$542,721$366,500$323,317$536,905
67$555,302$341,682$291,371$539,130
68$567,819$314,300$257,008$540,608
69$580,222$284,186$220,103$541,259
70$592,457$251,163$180,529$540,994
71$604,460$215,043$138,149$539,720
72$616,163$175,628$92,825$537,332
73$627,486$132,708$44,409$533,717
74$638,341$86,062$0$528,752
75$648,628$35,456$0$523,387
76$658,239$0$0$523,541
77$667,048$0$0$525,207
78$674,918$0$0$531,179
79$681,695$0$0$536,261
80$687,209$0$0$540,314
81$691,269$0$0$543,186
82$693,663$0$0$544,705
83$694,155$0$0$544,681
84$692,484$0$0$542,904
85$688,360$0$0$539,140
86$681,460$0$0$533,129
87$671,428$0$0$524,583
88$657,866$0$0$513,184
89$640,337$0$0$498,577
90$618,354$0$0$480,371
91$591,379$0$0$458,133
92$558,816$0$0$431,382
93$520,005$0$0$399,589
94$474,218$0$0$362,165
95$420,648$0$0$318,461
96$358,402$0$0$267,759
97$286,495$0$0$209,265
98$203,837$0$0$142,101
99$109,223$0$0$65,299
100$1,324$0$0$0