Can I retire at age 61 with 447,000?

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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$36,913$36,584$36,263$35,950$35,644$34,726
2 years$18,274$17,933$17,604$17,284$16,974$16,055
3 years$12,061$11,720$11,391$11,074$10,769$9,878
4 years$8,956$8,615$8,289$7,978$7,680$6,824
5 years$7,093$6,754$6,433$6,128$5,838$5,020
6 years$5,852$5,515$5,199$4,901$4,620$3,839
7 years$4,965$4,632$4,320$4,029$3,757$3,014
8 years$4,301$3,970$3,664$3,380$3,117$2,412
9 years$3,784$3,457$3,156$2,879$2,625$1,957
10 years$3,371$3,047$2,751$2,482$2,237$1,605
11 years$3,033$2,713$2,422$2,160$1,923$1,327
12 years$2,752$2,435$2,150$1,894$1,667$1,105
13 years$2,514$2,200$1,921$1,672$1,454$925
14 years$2,311$2,000$1,726$1,485$1,274$777
15 years$2,135$1,827$1,558$1,324$1,122$656
16 years$1,980$1,676$1,413$1,186$992$555
17 years$1,845$1,544$1,285$1,065$879$471
18 years$1,724$1,427$1,173$960$782$400
19 years$1,616$1,322$1,074$867$697$341
20 years$1,519$1,229$986$786$622$290
21 years$1,432$1,144$907$713$557$248
22 years$1,352$1,068$836$648$499$212
23 years$1,280$999$772$590$448$181
24 years$1,213$936$714$538$403$155
25 years$1,152$878$661$492$362$133
26 years$1,096$826$613$450$326$114
27 years$1,044$777$569$412$294$98
28 years$996$732$529$377$266$84
29 years$952$691$492$346$240$72
30 years$910$652$459$317$217$62
31 years$871$617$428$291$196$53
32 years$835$583$399$268$177$45
33 years$801$553$373$246$160$39
34 years$768$524$348$227$145$34
35 years$738$497$325$209$132$29
36 years$710$471$304$192$119$25
37 years$683$448$285$177$108$21
38 years$658$426$267$163$98$18
39 years$634$405$250$150$89$16
40 years$611$385$234$139$81$14
41 years$590$366$220$128$73$12
42 years$569$349$206$118$66$10
43 years$550$333$193$109$60$9
44 years$531$317$182$101$55$7
45 years$513$302$170$93$50$6
46 years$497$288$160$86$45$5
47 years$481$275$150$79$41$5
48 years$465$263$141$73$37$4
49 years$450$251$133$68$34$3
50 years$436$240$125$63$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $447,000, adding $3,429 every year, while hoping to spend $30,200 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: 52/30/18 Blend
60$447,000$447,000$447,000$447,000
61$496,131$472,440$465,512$519,318
62$514,604$463,457$448,974$526,631
63$533,949$453,022$430,869$531,140
64$554,223$441,031$411,115$535,386
65$575,488$427,376$389,621$539,355
66$597,811$411,940$366,297$543,033
67$621,265$394,603$341,046$546,404
68$645,929$375,234$313,766$549,455
69$671,891$353,697$284,354$552,172
70$699,242$329,847$252,698$554,544
71$728,087$303,531$218,685$556,560
72$758,535$274,588$182,195$558,210
73$790,709$242,846$143,101$559,487
74$824,741$208,125$101,275$560,386
75$860,775$170,234$56,579$560,904
76$898,970$128,971$8,870$561,043
77$939,499$84,125$0$560,806
78$982,550$35,469$0$568,278
79$1,028,330$0$0$577,739
80$1,077,064$0$0$593,225
81$1,129,000$0$0$622,231
82$1,184,409$0$0$653,203
83$1,243,588$0$0$686,312
84$1,306,861$0$0$721,741
85$1,374,586$0$0$759,695
86$1,447,154$0$0$800,397
87$1,524,992$0$0$844,092
88$1,608,572$0$0$891,048
89$1,698,411$0$0$941,561
90$1,795,074$0$0$995,955
91$1,899,185$0$0$1,054,585
92$2,011,427$0$0$1,117,842
93$2,132,552$0$0$1,186,155
94$2,263,384$0$0$1,259,997
95$2,404,830$0$0$1,339,885
96$2,557,887$0$0$1,426,390
97$2,723,650$0$0$1,520,139
98$2,903,324$0$0$1,621,820
99$3,098,234$0$0$1,732,191
100$3,309,835$0$0$1,852,086