Can I retire at age 61 with 435,000?

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 $435,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$35,922$35,602$35,290$34,985$34,688$33,351
2 years$17,783$17,452$17,131$16,820$16,518$15,187
3 years$11,738$11,405$11,085$10,777$10,480$9,197
4 years$8,716$8,384$8,067$7,764$7,474$6,249
5 years$6,903$6,573$6,260$5,963$5,682$4,517
6 years$5,695$5,367$5,059$4,769$4,496$3,393
7 years$4,832$4,508$4,204$3,921$3,656$2,614
8 years$4,185$3,864$3,566$3,289$3,033$2,051
9 years$3,683$3,364$3,071$2,802$2,554$1,631
10 years$3,281$2,965$2,677$2,415$2,176$1,310
11 years$2,952$2,640$2,357$2,102$1,872$1,061
12 years$2,678$2,369$2,092$1,844$1,622$864
13 years$2,447$2,141$1,869$1,628$1,415$707
14 years$2,249$1,946$1,679$1,445$1,240$581
15 years$2,077$1,778$1,516$1,288$1,092$479
16 years$1,927$1,631$1,375$1,154$965$396
17 years$1,795$1,502$1,251$1,037$856$327
18 years$1,678$1,388$1,142$934$761$272
19 years$1,573$1,287$1,045$844$678$226
20 years$1,478$1,196$959$765$606$188
21 years$1,393$1,114$882$694$542$156
22 years$1,316$1,040$813$631$486$130
23 years$1,245$972$751$575$436$108
24 years$1,181$911$694$524$392$90
25 years$1,121$855$643$479$353$75
26 years$1,067$803$597$438$318$63
27 years$1,016$756$554$401$286$52
28 years$970$713$515$367$258$44
29 years$926$672$479$337$233$37
30 years$885$635$446$309$211$31
31 years$848$600$416$284$191$26
32 years$812$568$388$261$172$21
33 years$779$538$363$240$156$18
34 years$748$510$339$221$141$15
35 years$719$483$317$203$128$12
36 years$691$459$296$187$116$10
37 years$665$436$277$172$105$9
38 years$640$414$260$159$95$7
39 years$617$394$243$146$86$6
40 years$595$375$228$135$78$5
41 years$574$357$214$125$71$4
42 years$554$340$201$115$65$4
43 years$535$324$188$106$59$3
44 years$517$308$177$98$53$2
45 years$500$294$166$91$48$2
46 years$483$281$156$84$44$2
47 years$468$268$146$77$40$1
48 years$453$256$138$71$36$1
49 years$438$244$129$66$33$1
50 years$425$233$122$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $435,000, adding $6,519 every year, while hoping to spend $22,037 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: 66/26/8 Blend
60$435,000$435,000$435,000$435,000
61$486,094$463,039$456,297$517,006
62$512,229$462,281$448,136$537,629
63$540,290$460,747$438,962$556,923
64$570,452$458,376$428,720$577,430
65$602,905$455,103$417,349$599,265
66$637,857$450,859$404,786$622,557
67$675,538$445,571$390,966$647,448
68$716,201$439,161$375,820$674,093
69$760,121$431,548$359,278$702,667
70$807,603$422,643$341,264$733,360
71$858,982$412,356$321,700$766,384
72$914,625$400,589$300,504$801,973
73$974,937$387,238$277,590$840,386
74$1,040,361$372,193$252,871$881,910
75$1,111,387$355,340$226,251$926,860
76$1,188,553$336,556$197,634$975,586
77$1,272,449$315,711$166,919$1,028,475
78$1,363,727$292,668$133,999$1,085,954
79$1,463,102$267,284$98,762$1,148,495
80$1,571,361$239,404$61,094$1,216,619
81$1,689,373$208,867$20,873$1,290,904
82$1,818,090$175,503$0$1,371,986
83$1,958,563$139,130$0$1,462,451
84$2,111,947$99,559$0$1,563,218
85$2,279,515$56,587$0$1,673,374
86$2,462,669$10,002$0$1,793,879
87$2,662,949$0$0$1,925,795
88$2,882,053$0$0$2,081,855
89$3,121,853$0$0$2,255,815
90$3,384,405$0$0$2,446,309
91$3,671,978$0$0$2,654,987
92$3,987,067$0$0$2,883,662
93$4,332,423$0$0$3,134,336
94$4,711,074$0$0$3,409,209
95$5,126,354$0$0$3,710,708
96$5,581,938$0$0$4,041,502
97$6,081,871$0$0$4,404,535
98$6,630,610$0$0$4,803,048
99$7,233,065$0$0$5,240,610
100$7,894,643$0$0$5,721,155