Can I retire at age 61 with 445,000?

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 $445,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$36,748$36,420$36,101$35,789$35,485$35,291
2 years$18,192$17,853$17,525$17,206$16,898$16,702
3 years$12,007$11,667$11,340$11,024$10,721$10,529
4 years$8,916$8,577$8,252$7,942$7,646$7,460
5 years$7,061$6,724$6,404$6,101$5,812$5,633
6 years$5,825$5,491$5,176$4,879$4,599$4,426
7 years$4,943$4,611$4,301$4,011$3,740$3,574
8 years$4,281$3,953$3,647$3,365$3,103$2,943
9 years$3,767$3,441$3,142$2,866$2,613$2,460
10 years$3,356$3,033$2,739$2,471$2,227$2,080
11 years$3,020$2,701$2,411$2,150$1,915$1,775
12 years$2,740$2,424$2,140$1,886$1,659$1,526
13 years$2,503$2,190$1,912$1,665$1,447$1,320
14 years$2,300$1,991$1,718$1,478$1,268$1,147
15 years$2,125$1,819$1,551$1,318$1,117$1,001
16 years$1,972$1,669$1,406$1,180$987$877
17 years$1,836$1,537$1,280$1,060$875$771
18 years$1,716$1,420$1,168$956$778$679
19 years$1,609$1,316$1,069$864$694$600
20 years$1,512$1,223$981$782$620$531
21 years$1,425$1,139$903$710$554$471
22 years$1,346$1,063$832$645$497$418
23 years$1,274$995$768$588$446$372
24 years$1,208$932$710$536$401$331
25 years$1,147$875$658$490$361$295
26 years$1,091$822$610$448$325$263
27 years$1,040$774$567$410$293$235
28 years$992$729$527$375$264$209
29 years$947$688$490$344$239$187
30 years$906$649$457$316$216$167
31 years$867$614$426$290$195$150
32 years$831$581$397$267$176$134
33 years$797$550$371$245$160$120
34 years$765$521$347$226$145$108
35 years$735$494$324$208$131$96
36 years$707$469$303$191$119$86
37 years$680$446$284$176$108$77
38 years$655$424$266$162$97$69
39 years$631$403$249$150$88$62
40 years$608$383$233$138$80$56
41 years$587$365$219$127$73$50
42 years$567$347$205$118$66$45
43 years$547$331$193$109$60$40
44 years$529$316$181$100$54$36
45 years$511$301$170$93$49$33
46 years$494$287$159$86$45$29
47 years$478$274$150$79$41$26
48 years$463$262$141$73$37$24
49 years$448$250$132$67$34$21
50 years$434$239$124$62$30$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $445,000, adding $4,851 every year, while hoping to spend $28,371 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: 76/13/11 Blend
60$445,000$445,000$445,000$445,000
61$495,394$471,809$464,911$531,658
62$515,737$464,741$450,299$549,153
63$537,205$456,376$434,247$564,250
64$559,882$446,620$416,676$580,000
65$583,860$435,374$397,505$596,458
66$609,240$422,534$376,648$613,684
67$636,133$407,988$354,015$631,744
68$664,658$391,619$329,514$650,714
69$694,947$373,303$303,047$670,676
70$727,145$352,908$274,512$691,720
71$761,408$330,294$243,803$713,948
72$797,908$305,316$210,807$737,470
73$836,835$277,817$175,410$762,412
74$878,396$247,633$137,489$788,910
75$922,815$214,591$96,918$817,115
76$970,343$178,506$53,565$847,195
77$1,021,250$139,185$7,292$879,337
78$1,075,836$96,424$0$913,746
79$1,134,428$50,005$0$955,590
80$1,197,385$0$0$1,001,416
81$1,265,103$0$0$1,050,707
82$1,338,013$0$0$1,111,492
83$1,416,592$0$0$1,177,016
84$1,501,362$0$0$1,247,717
85$1,592,897$0$0$1,324,074
86$1,691,828$0$0$1,406,616
87$1,798,849$0$0$1,495,922
88$1,914,722$0$0$1,592,632
89$2,040,283$0$0$1,697,447
90$2,176,455$0$0$1,811,136
91$2,324,251$0$0$1,934,550
92$2,484,784$0$0$2,068,620
93$2,659,281$0$0$2,214,373
94$2,849,089$0$0$2,372,937
95$3,055,692$0$0$2,545,555
96$3,280,723$0$0$2,733,593
97$3,525,978$0$0$2,938,555
98$3,793,433$0$0$3,162,096
99$4,085,264$0$0$3,406,039
100$4,403,867$0$0$3,672,388