Can I retire at age 61 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$37,161$36,830$36,507$36,191$35,884$35,494
2 years$18,396$18,054$17,722$17,400$17,087$16,695
3 years$12,142$11,798$11,467$11,148$10,841$10,458
4 years$9,016$8,673$8,345$8,032$7,732$7,362
5 years$7,141$6,800$6,476$6,169$5,878$5,521
6 years$5,891$5,552$5,234$4,933$4,651$4,308
7 years$4,999$4,663$4,349$4,056$3,782$3,454
8 years$4,330$3,997$3,688$3,403$3,138$2,823
9 years$3,810$3,480$3,177$2,898$2,642$2,342
10 years$3,394$3,068$2,770$2,498$2,252$1,965
11 years$3,054$2,731$2,438$2,174$1,936$1,663
12 years$2,771$2,451$2,164$1,907$1,678$1,418
13 years$2,531$2,215$1,933$1,684$1,463$1,216
14 years$2,326$2,013$1,737$1,495$1,283$1,048
15 years$2,149$1,839$1,568$1,333$1,129$907
16 years$1,994$1,688$1,422$1,193$998$788
17 years$1,857$1,554$1,294$1,072$885$686
18 years$1,735$1,436$1,181$966$787$599
19 years$1,627$1,331$1,081$873$701$524
20 years$1,529$1,237$992$791$627$459
21 years$1,441$1,152$913$718$561$403
22 years$1,361$1,075$841$653$503$355
23 years$1,288$1,006$777$594$451$312
24 years$1,222$942$718$542$405$275
25 years$1,160$884$665$495$365$243
26 years$1,104$831$617$453$329$214
27 years$1,051$782$573$414$296$189
28 years$1,003$737$533$380$267$167
29 years$958$695$496$348$241$148
30 years$916$657$462$319$218$131
31 years$877$621$430$293$197$116
32 years$840$587$402$270$178$103
33 years$806$556$375$248$161$91
34 years$774$527$350$228$146$81
35 years$743$500$328$210$132$71
36 years$715$475$306$193$120$63
37 years$688$451$287$178$109$56
38 years$662$428$269$164$99$50
39 years$638$407$252$151$89$44
40 years$615$388$236$140$81$39
41 years$594$369$221$129$74$35
42 years$573$351$207$119$67$31
43 years$553$335$195$110$61$27
44 years$535$319$183$101$55$24
45 years$517$304$172$94$50$22
46 years$500$290$161$86$45$19
47 years$484$277$151$80$41$17
48 years$468$264$142$74$37$15
49 years$454$253$134$68$34$13
50 years$439$241$126$63$31$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $450,000, adding $6,348 every year, while hoping to spend $26,402 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: 53/39/8 Blend
60$450,000$450,000$450,000$450,000
61$502,448$478,598$471,623$527,756
62$525,606$473,958$459,331$540,995
63$550,242$468,205$445,742$551,973
64$576,477$461,258$430,785$563,287
65$604,447$453,029$414,386$574,972
66$634,299$443,426$396,466$587,070
67$666,194$432,350$376,944$599,630
68$700,308$419,698$355,735$612,704
69$736,837$405,361$332,749$626,353
70$775,992$389,221$307,894$640,648
71$818,007$371,157$281,072$655,665
72$863,138$351,037$252,182$671,493
73$911,665$328,725$221,117$688,231
74$963,898$304,076$187,767$705,991
75$1,020,174$276,934$152,016$724,897
76$1,080,866$247,138$113,743$745,091
77$1,146,383$214,517$72,822$766,731
78$1,217,174$178,887$29,121$789,995
79$1,293,732$140,059$0$815,080
80$1,376,599$97,828$0$843,704
81$1,466,372$51,982$0$877,370
82$1,563,708$2,295$0$913,881
83$1,669,326$0$0$953,560
84$1,784,019$0$0$1,018,857
85$1,908,661$0$0$1,090,928
86$2,044,211$0$0$1,169,346
87$2,191,724$0$0$1,254,727
88$2,352,361$0$0$1,347,750
89$2,527,402$0$0$1,449,160
90$2,718,253$0$0$1,559,778
91$2,926,462$0$0$1,680,507
92$3,153,732$0$0$1,812,342
93$3,401,941$0$0$1,956,378
94$3,673,153$0$0$2,113,819
95$3,969,641$0$0$2,285,993
96$4,293,908$0$0$2,474,360
97$4,648,711$0$0$2,680,530
98$5,037,083$0$0$2,906,273
99$5,462,367$0$0$3,153,540
100$5,928,242$0$0$3,424,479