Can I retire at age 61 with 450,000?

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 $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%12.4%
1 years$37,161$36,830$36,507$36,191$35,884$35,524
2 years$18,396$18,054$17,722$17,400$17,087$16,725
3 years$12,142$11,798$11,467$11,148$10,841$10,487
4 years$9,016$8,673$8,345$8,032$7,732$7,389
5 years$7,141$6,800$6,476$6,169$5,878$5,548
6 years$5,891$5,552$5,234$4,933$4,651$4,333
7 years$4,999$4,663$4,349$4,056$3,782$3,478
8 years$4,330$3,997$3,688$3,403$3,138$2,846
9 years$3,810$3,480$3,177$2,898$2,642$2,364
10 years$3,394$3,068$2,770$2,498$2,252$1,985
11 years$3,054$2,731$2,438$2,174$1,936$1,683
12 years$2,771$2,451$2,164$1,907$1,678$1,437
13 years$2,531$2,215$1,933$1,684$1,463$1,234
14 years$2,326$2,013$1,737$1,495$1,283$1,065
15 years$2,149$1,839$1,568$1,333$1,129$923
16 years$1,994$1,688$1,422$1,193$998$802
17 years$1,857$1,554$1,294$1,072$885$700
18 years$1,735$1,436$1,181$966$787$612
19 years$1,627$1,331$1,081$873$701$536
20 years$1,529$1,237$992$791$627$471
21 years$1,441$1,152$913$718$561$414
22 years$1,361$1,075$841$653$503$364
23 years$1,288$1,006$777$594$451$321
24 years$1,222$942$718$542$405$284
25 years$1,160$884$665$495$365$250
26 years$1,104$831$617$453$329$221
27 years$1,051$782$573$414$296$196
28 years$1,003$737$533$380$267$173
29 years$958$695$496$348$241$154
30 years$916$657$462$319$218$136
31 years$877$621$430$293$197$121
32 years$840$587$402$270$178$107
33 years$806$556$375$248$161$95
34 years$774$527$350$228$146$84
35 years$743$500$328$210$132$75
36 years$715$475$306$193$120$67
37 years$688$451$287$178$109$59
38 years$662$428$269$164$99$52
39 years$638$407$252$151$89$47
40 years$615$388$236$140$81$41
41 years$594$369$221$129$74$37
42 years$573$351$207$119$67$33
43 years$553$335$195$110$61$29
44 years$535$319$183$101$55$26
45 years$517$304$172$94$50$23
46 years$500$290$161$86$45$20
47 years$484$277$151$80$41$18
48 years$468$264$142$74$37$16
49 years$454$253$134$68$34$14
50 years$439$241$126$63$31$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $450,000, adding $4,718 every year, while hoping to spend $28,165 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: 78/6/16 Blend
60$450,000$450,000$450,000$450,000
61$500,767$476,917$469,942$537,738
62$521,877$470,318$455,717$556,177
63$544,198$462,452$440,073$572,364
64$567,821$453,228$422,930$589,339
65$592,849$442,546$404,209$607,173
66$619,394$430,306$383,824$625,940
67$647,578$416,397$361,688$645,724
68$677,535$400,704$337,709$666,617
69$709,410$383,105$311,788$688,722
70$743,364$363,471$283,827$712,151
71$779,571$341,665$253,719$737,028
72$818,223$317,542$221,355$763,492
73$859,531$290,951$186,619$791,693
74$903,724$261,728$149,392$821,802
75$951,055$229,704$109,548$854,002
76$1,001,802$194,699$66,956$888,499
77$1,056,267$156,520$21,481$925,521
78$1,114,785$114,968$0$965,317
79$1,177,720$69,830$0$1,012,782
80$1,245,476$20,880$0$1,067,817
81$1,318,494$0$0$1,127,117
82$1,397,258$0$0$1,193,201
83$1,482,300$0$0$1,266,053
84$1,574,206$0$0$1,344,798
85$1,673,618$0$0$1,429,987
86$1,781,245$0$0$1,522,228
87$1,897,862$0$0$1,622,188
88$2,024,325$0$0$1,730,602
89$2,161,572$0$0$1,848,278
90$2,310,638$0$0$1,976,102
91$2,472,659$0$0$2,115,053
92$2,648,886$0$0$2,266,205
93$2,840,694$0$0$2,430,739
94$3,049,598$0$0$2,609,958
95$3,277,263$0$0$2,805,292
96$3,525,523$0$0$3,018,318
97$3,796,396$0$0$3,250,769
98$4,092,104$0$0$3,504,555
99$4,415,090$0$0$3,781,776
100$4,768,047$0$0$4,084,746