Can I retire at age 61 with 455,000?

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 $455,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$37,573$37,239$36,912$36,594$36,282$36,114
2 years$18,601$18,254$17,919$17,593$17,277$17,108
3 years$12,277$11,929$11,595$11,272$10,961$10,795
4 years$9,116$8,769$8,438$8,121$7,818$7,657
5 years$7,220$6,875$6,548$6,238$5,943$5,787
6 years$5,956$5,614$5,292$4,988$4,702$4,552
7 years$5,054$4,715$4,398$4,101$3,824$3,680
8 years$4,378$4,041$3,729$3,440$3,173$3,034
9 years$3,852$3,519$3,212$2,930$2,672$2,539
10 years$3,431$3,102$2,800$2,526$2,277$2,149
11 years$3,088$2,761$2,465$2,198$1,958$1,836
12 years$2,801$2,478$2,188$1,928$1,697$1,580
13 years$2,559$2,240$1,955$1,702$1,480$1,369
14 years$2,352$2,036$1,756$1,511$1,297$1,191
15 years$2,173$1,860$1,586$1,348$1,142$1,041
16 years$2,016$1,706$1,438$1,207$1,009$914
17 years$1,878$1,571$1,308$1,084$895$804
18 years$1,755$1,452$1,194$977$796$709
19 years$1,645$1,346$1,093$883$709$627
20 years$1,546$1,251$1,003$800$633$556
21 years$1,457$1,165$923$726$567$494
22 years$1,376$1,087$851$660$508$439
23 years$1,303$1,017$785$601$456$391
24 years$1,235$953$726$548$410$348
25 years$1,173$894$673$501$369$311
26 years$1,116$840$624$458$332$278
27 years$1,063$791$579$419$300$248
28 years$1,014$745$539$384$270$222
29 years$969$703$501$352$244$199
30 years$926$664$467$323$221$178
31 years$887$628$435$297$199$160
32 years$850$594$406$273$180$143
33 years$815$562$379$251$163$128
34 years$782$533$354$231$148$115
35 years$752$506$331$212$134$103
36 years$723$480$310$196$121$93
37 years$695$456$290$180$110$83
38 years$670$433$272$166$100$75
39 years$645$412$254$153$90$67
40 years$622$392$239$141$82$60
41 years$600$373$224$130$74$54
42 years$579$355$210$120$67$49
43 years$559$338$197$111$61$44
44 years$541$323$185$103$56$39
45 years$523$308$174$95$50$35
46 years$505$294$163$87$46$32
47 years$489$280$153$81$42$29
48 years$473$267$144$75$38$26
49 years$459$255$135$69$34$23
50 years$444$244$127$64$31$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $455,000, adding $6,287 every year, while hoping to spend $25,742 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: 59/13/28 Blend
60$455,000$455,000$455,000$455,000
61$507,895$483,780$476,728$533,659
62$532,311$480,096$465,309$548,299
63$558,355$475,369$452,644$560,989
64$586,165$469,520$438,666$574,295
65$615,894$462,466$423,301$588,286
66$647,708$454,120$406,475$603,035
67$681,791$444,389$388,108$618,627
68$718,342$433,172$368,119$635,155
69$757,583$420,368$346,421$652,722
70$799,754$405,863$322,924$671,445
71$845,121$389,543$297,534$691,452
72$893,975$371,282$270,153$712,889
73$946,636$350,950$240,678$735,915
74$1,003,454$328,408$209,002$760,709
75$1,064,816$303,510$175,013$787,469
76$1,131,146$276,100$138,595$816,417
77$1,202,909$246,016$99,624$847,797
78$1,280,619$213,083$57,974$881,883
79$1,364,838$177,120$13,512$918,978
80$1,456,185$137,933$0$959,417
81$1,555,342$95,318$0$1,013,712
82$1,663,058$49,059$0$1,077,107
83$1,780,157$0$0$1,146,063
84$1,907,545$0$0$1,221,291
85$2,046,219$0$0$1,310,858
86$2,197,278$0$0$1,408,457
87$2,361,928$0$0$1,514,874
88$2,541,500$0$0$1,630,973
89$2,737,455$0$0$1,757,703
90$2,951,405$0$0$1,896,111
91$3,185,121$0$0$2,047,350
92$3,440,556$0$0$2,212,687
93$3,719,857$0$0$2,393,517
94$4,025,391$0$0$2,591,380
95$4,359,762$0$0$2,807,967
96$4,725,837$0$0$3,045,142
97$5,126,776$0$0$3,304,958
98$5,566,055$0$0$3,589,675
99$6,047,507$0$0$3,901,783
100$6,575,348$0$0$4,244,024