Can I retire at age 61 with 456,000?

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 $456,000?

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$37,656$37,321$36,993$36,674$36,362$35,599
2 years$18,642$18,294$17,958$17,632$17,315$16,550
3 years$12,304$11,956$11,620$11,297$10,986$10,242
4 years$9,136$8,789$8,456$8,139$7,835$7,119
5 years$7,236$6,890$6,562$6,251$5,956$5,269
6 years$5,969$5,627$5,303$4,999$4,713$4,056
7 years$5,065$4,725$4,407$4,110$3,833$3,207
8 years$4,387$4,050$3,738$3,448$3,180$2,584
9 years$3,860$3,527$3,219$2,937$2,678$2,112
10 years$3,439$3,108$2,807$2,532$2,282$1,745
11 years$3,094$2,767$2,471$2,203$1,962$1,454
12 years$2,808$2,484$2,193$1,933$1,700$1,220
13 years$2,565$2,245$1,959$1,706$1,483$1,029
14 years$2,357$2,040$1,760$1,515$1,300$872
15 years$2,177$1,864$1,589$1,351$1,144$742
16 years$2,020$1,710$1,441$1,209$1,011$633
17 years$1,882$1,575$1,311$1,087$897$542
18 years$1,759$1,455$1,197$979$797$465
19 years$1,649$1,349$1,096$885$711$399
20 years$1,550$1,253$1,006$801$635$343
21 years$1,460$1,167$925$727$568$296
22 years$1,379$1,090$853$661$509$255
23 years$1,305$1,019$787$602$457$220
24 years$1,238$955$728$549$411$190
25 years$1,176$896$674$502$370$165
26 years$1,118$842$625$459$333$143
27 years$1,065$793$581$420$300$123
28 years$1,016$747$540$385$271$107
29 years$971$705$502$353$245$93
30 years$928$665$468$324$221$80
31 years$889$629$436$297$200$70
32 years$851$595$407$273$181$60
33 years$817$564$380$251$164$52
34 years$784$534$355$231$148$45
35 years$753$507$332$213$134$39
36 years$724$481$311$196$122$34
37 years$697$457$291$181$110$30
38 years$671$434$272$166$100$26
39 years$647$413$255$153$91$22
40 years$623$393$239$142$82$19
41 years$601$374$224$131$75$17
42 years$581$356$210$121$68$15
43 years$561$339$197$111$61$13
44 years$542$323$185$103$56$11
45 years$524$308$174$95$51$10
46 years$507$294$163$88$46$8
47 years$490$281$153$81$42$7
48 years$475$268$144$75$38$6
49 years$460$256$136$69$34$5
50 years$445$244$127$64$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $456,000, adding $3,823 every year, while hoping to spend $27,535 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: 56/26/18 Blend
60$456,000$456,000$456,000$456,000
61$506,455$482,287$475,219$532,189
62$528,817$476,622$461,842$544,477
63$552,536$469,757$447,094$554,569
64$577,723$461,603$430,900$564,948
65$604,497$452,068$413,181$575,649
66$632,989$441,053$393,856$586,709
67$663,343$428,453$372,839$598,174
68$695,715$414,159$350,040$610,093
69$730,277$398,052$325,366$622,524
70$767,218$380,009$298,719$635,530
71$806,745$359,900$269,996$649,184
72$849,083$337,585$239,091$663,569
73$894,481$312,918$205,892$678,777
74$943,212$285,745$170,283$694,912
75$995,574$255,901$132,142$712,093
76$1,051,896$223,213$91,342$730,450
77$1,112,538$187,500$47,751$750,132
78$1,177,896$148,567$1,230$771,304
79$1,248,406$106,210$0$794,153
80$1,324,543$60,214$0$828,186
81$1,406,834$10,352$0$865,192
82$1,495,854$0$0$905,225
83$1,592,239$0$0$961,088
84$1,696,685$0$0$1,024,865
85$1,809,958$0$0$1,094,070
86$1,932,903$0$0$1,169,220
87$2,066,444$0$0$1,250,888
88$2,211,604$0$0$1,339,701
89$2,369,502$0$0$1,436,352
90$2,541,374$0$0$1,541,601
91$2,728,578$0$0$1,656,286
92$2,932,608$0$0$1,781,329
93$3,155,109$0$0$1,917,743
94$3,397,892$0$0$2,066,645
95$3,662,949$0$0$2,229,263
96$3,952,473$0$0$2,406,951
97$4,268,880$0$0$2,601,198
98$4,614,827$0$0$2,813,643
99$4,993,243$0$0$3,046,092
100$5,407,350$0$0$3,300,532