Can I retire at age 61 with 433,000?

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 $433,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$35,757$35,438$35,127$34,824$34,528$33,625
2 years$17,701$17,372$17,052$16,742$16,442$15,538
3 years$11,684$11,353$11,034$10,727$10,431$9,556
4 years$8,675$8,345$8,030$7,728$7,440$6,598
5 years$6,871$6,543$6,231$5,936$5,656$4,851
6 years$5,668$5,343$5,036$4,747$4,475$3,708
7 years$4,810$4,487$4,185$3,903$3,639$2,910
8 years$4,166$3,846$3,549$3,274$3,019$2,327
9 years$3,666$3,349$3,057$2,789$2,543$1,887
10 years$3,266$2,952$2,665$2,404$2,166$1,546
11 years$2,938$2,628$2,346$2,092$1,863$1,278
12 years$2,666$2,358$2,082$1,835$1,615$1,063
13 years$2,436$2,131$1,860$1,620$1,408$889
14 years$2,238$1,937$1,672$1,438$1,234$747
15 years$2,068$1,770$1,509$1,283$1,087$630
16 years$1,918$1,624$1,368$1,148$960$532
17 years$1,787$1,495$1,245$1,032$852$451
18 years$1,670$1,382$1,137$930$757$383
19 years$1,565$1,281$1,041$840$675$326
20 years$1,472$1,190$955$761$603$278
21 years$1,387$1,109$878$691$539$237
22 years$1,310$1,035$810$628$484$202
23 years$1,240$968$747$572$434$173
24 years$1,175$907$691$522$390$148
25 years$1,116$851$640$476$351$127
26 years$1,062$800$594$436$316$108
27 years$1,012$753$551$399$285$93
28 years$965$709$513$365$257$80
29 years$922$669$477$335$232$68
30 years$881$632$444$307$210$59
31 years$844$597$414$282$190$50
32 years$808$565$386$259$172$43
33 years$775$535$361$239$155$37
34 years$744$507$337$220$141$32
35 years$715$481$315$202$127$27
36 years$688$457$295$186$115$23
37 years$662$434$276$171$105$20
38 years$637$412$258$158$95$17
39 years$614$392$242$146$86$15
40 years$592$373$227$134$78$13
41 years$571$355$213$124$71$11
42 years$551$338$200$114$64$9
43 years$532$322$187$106$58$8
44 years$514$307$176$98$53$7
45 years$497$293$165$90$48$6
46 years$481$279$155$83$44$5
47 years$465$267$146$77$40$4
48 years$451$254$137$71$36$4
49 years$436$243$129$66$33$3
50 years$423$232$121$61$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $433,000, adding $5,973 every year, while hoping to spend $33,227 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: 46/26/28 Blend
60$433,000$433,000$433,000$433,000
61$483,327$460,378$453,667$501,428
62$497,273$447,583$433,511$502,042
63$511,528$433,048$411,567$499,030
64$526,088$416,652$387,739$495,123
65$540,949$398,267$361,928$490,255
66$556,103$377,760$334,029$484,355
67$571,542$354,986$303,936$477,348
68$587,256$329,797$271,534$469,157
69$603,230$302,032$236,705$459,696
70$619,451$271,522$199,326$448,876
71$635,899$238,091$159,267$436,602
72$652,552$201,549$116,394$422,773
73$669,386$161,698$70,567$407,280
74$686,370$118,328$21,637$390,010
75$703,471$71,217$0$370,840
76$720,649$20,131$0$358,777
77$737,860$0$0$352,038
78$755,054$0$0$354,120
79$772,172$0$0$361,896
80$789,150$0$0$369,572
81$805,913$0$0$377,109
82$822,379$0$0$384,466
83$838,453$0$0$391,594
84$854,031$0$0$398,437
85$868,994$0$0$404,936
86$883,211$0$0$411,022
87$896,535$0$0$416,620
88$908,798$0$0$421,645
89$919,819$0$0$426,001
90$929,391$0$0$429,585
91$937,285$0$0$432,278
92$943,248$0$0$433,951
93$946,994$0$0$434,458
94$948,210$0$0$433,638
95$946,546$0$0$431,313
96$941,613$0$0$427,284
97$932,980$0$0$421,332
98$920,169$0$0$413,212
99$902,651$0$0$402,654
100$879,837$0$0$389,360