Can I retire at age 61 with 453,000?

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 $453,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$37,408$37,075$36,750$36,433$36,123$35,365
2 years$18,519$18,174$17,840$17,516$17,201$16,441
3 years$12,223$11,877$11,544$11,222$10,913$10,175
4 years$9,076$8,731$8,401$8,085$7,783$7,072
5 years$7,188$6,845$6,519$6,210$5,917$5,235
6 years$5,930$5,590$5,269$4,966$4,682$4,030
7 years$5,032$4,694$4,378$4,083$3,808$3,186
8 years$4,358$4,024$3,713$3,425$3,159$2,567
9 years$3,835$3,503$3,198$2,918$2,660$2,098
10 years$3,416$3,088$2,788$2,515$2,267$1,733
11 years$3,074$2,749$2,455$2,189$1,949$1,444
12 years$2,789$2,467$2,178$1,920$1,689$1,212
13 years$2,548$2,230$1,946$1,695$1,473$1,022
14 years$2,342$2,027$1,749$1,505$1,291$867
15 years$2,163$1,852$1,579$1,342$1,137$737
16 years$2,007$1,699$1,431$1,201$1,005$629
17 years$1,869$1,565$1,303$1,079$891$538
18 years$1,747$1,446$1,189$973$792$462
19 years$1,638$1,340$1,089$879$706$396
20 years$1,540$1,245$999$796$631$341
21 years$1,451$1,160$919$723$564$294
22 years$1,370$1,083$847$657$506$254
23 years$1,297$1,012$782$598$454$219
24 years$1,230$949$723$546$408$189
25 years$1,168$890$670$498$367$164
26 years$1,111$837$621$456$331$142
27 years$1,058$787$577$417$298$123
28 years$1,010$742$536$382$269$106
29 years$964$700$499$350$243$92
30 years$922$661$465$322$220$80
31 years$883$625$433$295$199$69
32 years$846$591$404$271$180$60
33 years$811$560$378$250$163$52
34 years$779$531$353$230$147$45
35 years$748$503$330$211$133$39
36 years$719$478$309$195$121$34
37 years$692$454$289$179$109$30
38 years$667$431$270$165$99$26
39 years$642$410$253$152$90$22
40 years$619$390$237$141$82$19
41 years$597$371$223$130$74$17
42 years$577$354$209$120$67$15
43 years$557$337$196$111$61$13
44 years$538$321$184$102$55$11
45 years$520$306$173$94$50$10
46 years$503$292$162$87$46$8
47 years$487$279$152$80$41$7
48 years$471$266$143$74$38$6
49 years$457$254$135$69$34$5
50 years$442$243$127$63$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $453,000, adding $2,662 every year, while hoping to spend $34,117 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: 66/22/12 Blend
60$453,000$453,000$453,000$453,000
61$501,952$477,943$470,921$533,557
62$516,851$465,062$450,397$542,082
63$532,126$450,406$428,042$547,131
64$547,779$433,853$403,758$551,781
65$563,813$415,272$377,444$555,991
66$580,227$394,526$348,994$559,716
67$597,021$371,468$318,296$562,909
68$614,193$345,945$285,234$565,518
69$631,739$317,795$249,688$567,487
70$649,654$286,844$211,530$568,759
71$667,931$252,912$170,628$569,268
72$686,560$215,805$126,844$568,948
73$705,530$175,321$80,035$567,726
74$724,827$131,244$30,049$565,521
75$744,433$83,349$0$562,252
76$764,328$31,395$0$560,808
77$784,487$0$0$562,412
78$804,881$0$0$569,148
79$825,477$0$0$583,616
80$846,237$0$0$598,187
81$867,116$0$0$612,827
82$888,063$0$0$627,501
83$909,021$0$0$642,164
84$929,923$0$0$656,769
85$950,696$0$0$671,260
86$971,253$0$0$685,575
87$991,500$0$0$699,645
88$1,011,329$0$0$713,390
89$1,030,620$0$0$726,723
90$1,049,237$0$0$739,543
91$1,067,028$0$0$751,739
92$1,083,823$0$0$763,188
93$1,099,432$0$0$773,750
94$1,113,642$0$0$783,270
95$1,126,216$0$0$791,574
96$1,136,892$0$0$798,471
97$1,145,373$0$0$803,745
98$1,151,335$0$0$807,157
99$1,154,412$0$0$808,443
100$1,154,200$0$0$807,307