Can I retire at age 61 with 451,000?

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 $451,000?

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$37,243$36,911$36,588$36,272$35,963$35,037
2 years$18,437$18,094$17,761$17,438$17,125$16,198
3 years$12,169$11,825$11,493$11,173$10,865$9,966
4 years$9,036$8,692$8,364$8,049$7,749$6,885
5 years$7,157$6,815$6,491$6,183$5,891$5,065
6 years$5,904$5,565$5,245$4,944$4,661$3,873
7 years$5,010$4,673$4,359$4,065$3,791$3,041
8 years$4,339$4,006$3,697$3,410$3,145$2,433
9 years$3,818$3,488$3,184$2,905$2,648$1,975
10 years$3,401$3,074$2,776$2,504$2,257$1,619
11 years$3,061$2,737$2,444$2,179$1,941$1,339
12 years$2,777$2,457$2,169$1,911$1,682$1,115
13 years$2,537$2,220$1,938$1,687$1,467$933
14 years$2,331$2,018$1,741$1,498$1,286$784
15 years$2,154$1,843$1,572$1,336$1,132$662
16 years$1,998$1,691$1,425$1,196$1,000$560
17 years$1,861$1,558$1,297$1,075$887$475
18 years$1,739$1,439$1,184$969$789$404
19 years$1,631$1,334$1,084$875$703$344
20 years$1,533$1,240$995$793$628$293
21 years$1,444$1,155$915$719$562$250
22 years$1,364$1,078$843$654$504$214
23 years$1,291$1,008$779$596$452$183
24 years$1,224$944$720$543$406$157
25 years$1,163$886$667$496$366$134
26 years$1,106$833$618$454$329$115
27 years$1,054$784$574$415$297$99
28 years$1,005$739$534$380$268$85
29 years$960$697$497$349$242$73
30 years$918$658$463$320$219$62
31 years$879$622$431$294$198$53
32 years$842$589$403$270$179$46
33 years$808$557$376$249$162$39
34 years$775$528$351$229$147$34
35 years$745$501$328$210$133$29
36 years$716$476$307$194$120$25
37 years$689$452$287$179$109$21
38 years$664$429$269$165$99$18
39 years$640$408$252$152$90$16
40 years$617$388$236$140$81$14
41 years$595$370$222$129$74$12
42 years$574$352$208$119$67$10
43 years$555$336$195$110$61$9
44 years$536$320$183$102$55$7
45 years$518$305$172$94$50$6
46 years$501$291$162$87$45$6
47 years$485$278$152$80$41$5
48 years$469$265$143$74$37$4
49 years$455$253$134$68$34$3
50 years$440$242$126$63$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $451,000, adding $2,498 every year, while hoping to spend $30,263 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: 33/43/24 Blend
60$451,000$451,000$451,000$451,000
61$499,579$475,676$468,685$512,331
62$518,336$466,784$452,187$513,232
63$537,993$456,443$434,121$511,298
64$558,608$444,548$414,404$508,605
65$580,246$430,992$392,947$505,105
66$602,979$415,658$369,658$500,748
67$626,882$398,424$344,441$495,485
68$652,039$379,162$317,195$489,261
69$678,540$357,734$287,814$482,021
70$706,484$333,996$256,188$473,711
71$735,978$307,795$222,204$464,270
72$767,140$278,969$185,740$453,639
73$800,097$247,347$146,671$441,757
74$834,989$212,749$104,867$428,561
75$871,969$174,985$60,190$413,985
76$911,203$133,852$12,500$397,965
77$952,872$89,138$0$380,434
78$997,177$40,617$0$371,156
79$1,044,335$0$0$364,287
80$1,094,585$0$0$362,248
81$1,148,187$0$0$380,613
82$1,205,429$0$0$400,266
83$1,266,623$0$0$421,320
84$1,332,113$0$0$443,898
85$1,402,277$0$0$468,137
86$1,477,528$0$0$494,186
87$1,558,319$0$0$522,207
88$1,645,148$0$0$552,382
89$1,738,563$0$0$584,908
90$1,839,162$0$0$620,001
91$1,947,605$0$0$657,899
92$2,064,616$0$0$698,865
93$2,190,991$0$0$743,185
94$2,327,602$0$0$791,178
95$2,475,412$0$0$843,189
96$2,635,476$0$0$899,602
97$2,808,955$0$0$960,836
98$2,997,126$0$0$1,027,355
99$3,201,392$0$0$1,099,667
100$3,423,298$0$0$1,178,332