Can I retire at age 61 with 435,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.2%
1 years$35,922$35,602$35,290$34,985$34,688$33,946
2 years$17,783$17,452$17,131$16,820$16,518$15,774
3 years$11,738$11,405$11,085$10,777$10,480$9,757
4 years$8,716$8,384$8,067$7,764$7,474$6,778
5 years$6,903$6,573$6,260$5,963$5,682$5,015
6 years$5,695$5,367$5,059$4,769$4,496$3,858
7 years$4,832$4,508$4,204$3,921$3,656$3,048
8 years$4,185$3,864$3,566$3,289$3,033$2,455
9 years$3,683$3,364$3,071$2,802$2,554$2,005
10 years$3,281$2,965$2,677$2,415$2,176$1,656
11 years$2,952$2,640$2,357$2,102$1,872$1,379
12 years$2,678$2,369$2,092$1,844$1,622$1,156
13 years$2,447$2,141$1,869$1,628$1,415$975
14 years$2,249$1,946$1,679$1,445$1,240$826
15 years$2,077$1,778$1,516$1,288$1,092$702
16 years$1,927$1,631$1,375$1,154$965$598
17 years$1,795$1,502$1,251$1,037$856$512
18 years$1,678$1,388$1,142$934$761$438
19 years$1,573$1,287$1,045$844$678$376
20 years$1,478$1,196$959$765$606$324
21 years$1,393$1,114$882$694$542$279
22 years$1,316$1,040$813$631$486$240
23 years$1,245$972$751$575$436$207
24 years$1,181$911$694$524$392$179
25 years$1,121$855$643$479$353$155
26 years$1,067$803$597$438$318$134
27 years$1,016$756$554$401$286$116
28 years$970$713$515$367$258$100
29 years$926$672$479$337$233$87
30 years$885$635$446$309$211$75
31 years$848$600$416$284$191$65
32 years$812$568$388$261$172$56
33 years$779$538$363$240$156$49
34 years$748$510$339$221$141$42
35 years$719$483$317$203$128$37
36 years$691$459$296$187$116$32
37 years$665$436$277$172$105$28
38 years$640$414$260$159$95$24
39 years$617$394$243$146$86$21
40 years$595$375$228$135$78$18
41 years$574$357$214$125$71$16
42 years$554$340$201$115$65$14
43 years$535$324$188$106$59$12
44 years$517$308$177$98$53$10
45 years$500$294$166$91$48$9
46 years$483$281$156$84$44$8
47 years$468$268$146$77$40$7
48 years$453$256$138$71$36$6
49 years$438$244$129$66$33$5
50 years$425$233$122$61$30$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $435,000, adding $6,154 every year, while hoping to spend $34,364 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: 69/17/14 Blend
60$435,000$435,000$435,000$435,000
61$485,718$462,663$455,920$517,275
62$498,698$448,770$434,631$525,165
63$511,850$433,045$411,476$529,108
64$525,156$415,362$386,358$532,536
65$538,594$395,586$359,172$535,396
66$552,139$373,578$329,812$537,628
67$565,761$349,187$298,165$539,166
68$579,427$322,256$264,113$539,940
69$593,100$292,618$227,532$539,875
70$606,737$260,097$188,295$538,886
71$620,289$224,507$146,267$536,886
72$633,701$185,649$101,309$533,777
73$646,910$143,318$53,275$529,452
74$659,846$97,292$2,011$523,799
75$672,431$47,340$0$516,692
76$684,575$0$0$515,868
77$696,181$0$0$515,411
78$707,136$0$0$523,302
79$717,317$0$0$530,590
80$726,585$0$0$537,170
81$734,786$0$0$542,923
82$741,747$0$0$547,719
83$747,277$0$0$551,410
84$751,161$0$0$553,834
85$753,163$0$0$554,811
86$753,019$0$0$554,138
87$750,436$0$0$551,592
88$745,088$0$0$546,927
89$736,615$0$0$539,866
90$724,617$0$0$530,106
91$708,651$0$0$517,308
92$688,225$0$0$501,098
93$662,795$0$0$481,062
94$631,759$0$0$456,741
95$594,450$0$0$427,627
96$550,131$0$0$393,160
97$497,985$0$0$352,717
98$437,110$0$0$305,612
99$366,508$0$0$251,084
100$285,077$0$0$188,296