Can I retire at age 61 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$37,986$37,648$37,318$36,996$36,681$35,337
2 years$18,805$18,455$18,115$17,786$17,467$16,128
3 years$12,412$12,060$11,722$11,396$11,082$9,790
4 years$9,216$8,866$8,531$8,210$7,904$6,669
5 years$7,299$6,951$6,620$6,306$6,008$4,833
6 years$6,022$5,676$5,350$5,043$4,754$3,640
7 years$5,110$4,767$4,446$4,146$3,866$2,813
8 years$4,426$4,086$3,770$3,478$3,208$2,214
9 years$3,894$3,557$3,247$2,963$2,701$1,766
10 years$3,469$3,136$2,831$2,554$2,302$1,423
11 years$3,122$2,792$2,493$2,223$1,979$1,156
12 years$2,832$2,506$2,212$1,949$1,715$945
13 years$2,588$2,264$1,976$1,721$1,496$776
14 years$2,378$2,058$1,776$1,528$1,311$639
15 years$2,197$1,880$1,603$1,363$1,154$529
16 years$2,038$1,725$1,454$1,220$1,020$439
17 years$1,898$1,589$1,323$1,096$905$364
18 years$1,774$1,468$1,207$988$804$303
19 years$1,663$1,361$1,105$893$717$253
20 years$1,563$1,264$1,014$808$640$211
21 years$1,473$1,178$933$734$573$176
22 years$1,391$1,099$860$667$514$147
23 years$1,317$1,028$794$608$461$123
24 years$1,249$963$734$554$414$103
25 years$1,186$904$680$506$373$86
26 years$1,128$850$631$463$336$72
27 years$1,075$800$586$424$303$61
28 years$1,025$753$545$388$273$51
29 years$979$711$507$356$247$43
30 years$936$671$472$327$223$36
31 years$896$635$440$300$202$30
32 years$859$600$411$276$182$25
33 years$824$569$383$253$165$21
34 years$791$539$358$233$149$18
35 years$760$511$335$215$135$15
36 years$731$485$313$198$123$13
37 years$703$461$293$182$111$11
38 years$677$438$275$168$101$9
39 years$652$416$257$155$91$7
40 years$629$396$241$143$83$6
41 years$607$377$226$132$75$5
42 years$586$359$212$122$68$4
43 years$566$342$199$112$62$4
44 years$547$326$187$104$56$3
45 years$528$311$175$96$51$3
46 years$511$297$165$88$46$2
47 years$495$283$155$82$42$2
48 years$479$270$145$75$38$2
49 years$464$258$137$70$35$1
50 years$449$247$129$64$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $460,000, adding $4,542 every year, while hoping to spend $31,629 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: 55/23/22 Blend
60$460,000$460,000$460,000$460,000
61$511,605$487,225$480,095$536,446
62$530,136$477,446$462,525$544,188
63$549,497$466,128$443,307$548,902
64$569,739$453,162$422,351$553,359
65$590,918$438,432$399,565$557,545
66$613,093$421,817$374,853$561,445
67$636,331$403,188$348,112$565,045
68$660,701$382,409$319,238$568,329
69$686,279$359,334$288,120$571,285
70$713,150$333,812$254,642$573,901
71$741,403$305,680$218,684$576,163
72$771,136$274,769$180,121$578,063
73$802,457$240,897$138,819$579,591
74$835,481$203,874$94,643$580,742
75$870,336$163,500$47,449$581,511
76$907,159$119,560$0$581,896
77$946,102$71,831$0$582,584
78$987,329$20,076$0$594,827
79$1,031,020$0$0$607,523
80$1,077,371$0$0$629,828
81$1,126,598$0$0$658,935
82$1,178,935$0$0$689,904
83$1,234,639$0$0$722,890
84$1,293,992$0$0$758,062
85$1,357,301$0$0$795,608
86$1,424,905$0$0$835,730
87$1,497,172$0$0$878,653
88$1,574,509$0$0$924,620
89$1,657,361$0$0$973,901
90$1,746,214$0$0$1,026,790
91$1,841,603$0$0$1,083,611
92$1,944,117$0$0$1,144,718
93$2,054,399$0$0$1,210,501
94$2,173,158$0$0$1,281,389
95$2,301,170$0$0$1,357,850
96$2,439,289$0$0$1,440,402
97$2,588,453$0$0$1,529,612
98$2,749,694$0$0$1,626,104
99$2,924,143$0$0$1,730,562
100$3,113,047$0$0$1,843,741