Can I retire at age 61 with 443,000?

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 $443,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$36,583$36,257$35,939$35,628$35,325$34,755
2 years$18,110$17,773$17,446$17,129$16,822$16,248
3 years$11,954$11,615$11,289$10,975$10,672$10,114
4 years$8,876$8,538$8,215$7,907$7,612$7,073
5 years$7,030$6,694$6,375$6,073$5,786$5,268
6 years$5,799$5,466$5,152$4,857$4,578$4,082
7 years$4,921$4,590$4,282$3,993$3,723$3,249
8 years$4,262$3,935$3,631$3,350$3,089$2,636
9 years$3,750$3,426$3,127$2,853$2,601$2,170
10 years$3,341$3,020$2,727$2,459$2,217$1,806
11 years$3,006$2,688$2,400$2,140$1,906$1,516
12 years$2,728$2,413$2,130$1,877$1,652$1,282
13 years$2,492$2,181$1,903$1,657$1,441$1,090
14 years$2,290$1,982$1,710$1,471$1,263$932
15 years$2,115$1,811$1,544$1,312$1,112$799
16 years$1,963$1,661$1,400$1,175$983$688
17 years$1,828$1,530$1,274$1,056$871$594
18 years$1,708$1,414$1,163$951$775$513
19 years$1,602$1,310$1,065$860$691$445
20 years$1,506$1,218$977$779$617$386
21 years$1,419$1,134$899$707$552$336
22 years$1,340$1,059$828$642$495$292
23 years$1,268$990$765$585$444$255
24 years$1,203$928$707$534$399$222
25 years$1,142$871$655$487$359$194
26 years$1,086$818$608$446$324$170
27 years$1,035$770$564$408$292$148
28 years$987$726$524$374$263$130
29 years$943$685$488$343$238$113
30 years$902$646$455$315$215$99
31 years$863$611$424$289$194$87
32 years$827$578$395$265$176$76
33 years$793$548$369$244$159$67
34 years$762$519$345$225$144$59
35 years$732$492$323$207$130$51
36 years$704$467$302$190$118$45
37 years$677$444$282$175$107$39
38 years$652$422$264$162$97$35
39 years$628$401$248$149$88$30
40 years$606$382$232$138$80$27
41 years$584$363$218$127$72$23
42 years$564$346$204$117$66$21
43 years$545$330$192$108$60$18
44 years$526$314$180$100$54$16
45 years$509$300$169$92$49$14
46 years$492$286$159$85$45$12
47 years$476$273$149$79$41$11
48 years$461$260$140$73$37$9
49 years$446$249$132$67$33$8
50 years$433$237$124$62$30$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $443,000, adding $4,753 every year, while hoping to spend $29,999 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: 44/35/21 Blend
60$443,000$443,000$443,000$443,000
61$493,089$469,610$462,743$511,599
62$511,465$460,702$446,326$516,219
63$530,710$450,352$428,354$517,919
64$550,882$438,458$408,743$519,148
65$572,040$424,912$387,405$519,877
66$594,254$409,598$364,248$520,076
67$617,595$392,395$339,178$519,715
68$642,143$373,176$312,093$518,764
69$667,984$351,803$282,891$517,193
70$695,211$328,135$251,460$514,970
71$723,927$302,018$217,689$512,064
72$754,242$273,292$181,456$508,444
73$786,279$241,787$142,639$504,082
74$820,170$207,324$101,107$498,945
75$856,058$169,714$56,726$493,007
76$894,102$128,757$9,352$486,238
77$934,475$84,240$0$478,614
78$977,365$35,941$0$479,343
79$1,022,978$0$0$482,007
80$1,071,540$0$0$490,834
81$1,123,298$0$0$515,025
82$1,178,523$0$0$540,869
83$1,237,512$0$0$568,509
84$1,300,589$0$0$598,100
85$1,368,110$0$0$629,815
86$1,440,467$0$0$663,843
87$1,518,088$0$0$700,389
88$1,601,443$0$0$739,682
89$1,691,048$0$0$781,970
90$1,787,470$0$0$827,526
91$1,891,332$0$0$876,652
92$2,003,315$0$0$929,677
93$2,124,171$0$0$986,965
94$2,254,725$0$0$1,048,914
95$2,395,884$0$0$1,115,961
96$2,548,642$0$0$1,188,589
97$2,714,095$0$0$1,267,328
98$2,893,448$0$0$1,352,759
99$3,088,024$0$0$1,445,523
100$3,299,279$0$0$1,546,325