Can I retire at age 61 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$38,482$38,139$37,805$37,478$37,159$36,695
2 years$19,050$18,696$18,352$18,018$17,695$17,228
3 years$12,574$12,218$11,875$11,545$11,226$10,771
4 years$9,337$8,981$8,642$8,317$8,007$7,566
5 years$7,395$7,042$6,706$6,388$6,087$5,663
6 years$6,100$5,750$5,420$5,109$4,816$4,409
7 years$5,176$4,829$4,504$4,200$3,917$3,527
8 years$4,484$4,139$3,820$3,524$3,249$2,876
9 years$3,945$3,604$3,290$3,001$2,736$2,380
10 years$3,514$3,177$2,868$2,587$2,332$1,992
11 years$3,162$2,828$2,525$2,252$2,005$1,682
12 years$2,869$2,538$2,241$1,975$1,738$1,431
13 years$2,621$2,294$2,002$1,744$1,515$1,224
14 years$2,409$2,085$1,799$1,548$1,328$1,052
15 years$2,225$1,905$1,624$1,380$1,170$908
16 years$2,065$1,748$1,473$1,236$1,034$786
17 years$1,923$1,609$1,340$1,110$917$683
18 years$1,797$1,487$1,223$1,001$815$594
19 years$1,685$1,378$1,120$904$726$519
20 years$1,584$1,281$1,028$819$649$453
21 years$1,493$1,193$945$743$581$397
22 years$1,410$1,114$871$676$520$348
23 years$1,334$1,042$804$615$467$305
24 years$1,265$976$744$561$420$268
25 years$1,201$916$689$513$378$236
26 years$1,143$861$639$469$340$207
27 years$1,089$810$593$429$307$183
28 years$1,039$763$552$393$277$161
29 years$992$720$513$360$250$142
30 years$949$680$478$331$226$125
31 years$908$643$446$304$204$110
32 years$870$608$416$279$185$97
33 years$835$576$388$257$167$86
34 years$801$546$363$236$151$76
35 years$770$518$339$217$137$67
36 years$740$491$317$200$124$59
37 years$712$467$297$185$113$52
38 years$686$444$278$170$102$46
39 years$661$422$261$157$93$41
40 years$637$401$244$145$84$36
41 years$615$382$229$133$76$32
42 years$593$364$215$123$69$28
43 years$573$347$202$114$63$25
44 years$554$330$189$105$57$22
45 years$535$315$178$97$52$20
46 years$518$301$167$90$47$17
47 years$501$287$157$83$43$15
48 years$485$274$147$76$39$14
49 years$470$262$138$71$35$12
50 years$455$250$130$65$32$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $466,000, adding $4,042 every year, while hoping to spend $33,478 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: 36/38/26 Blend
60$466,000$466,000$466,000$466,000
61$517,701$493,003$485,780$532,170
62$534,887$481,540$466,434$531,769
63$552,703$468,393$445,317$527,994
64$571,178$453,445$422,335$523,263
65$590,345$436,570$397,390$517,514
66$610,235$417,637$370,377$510,678
67$630,884$396,506$341,190$502,685
68$652,329$373,029$309,714$493,460
69$674,609$347,050$275,832$482,926
70$697,768$318,405$239,422$471,000
71$721,851$286,917$200,353$457,597
72$746,907$252,404$158,492$442,626
73$772,990$214,669$113,699$425,993
74$800,154$173,507$65,827$407,599
75$828,461$128,700$14,724$387,340
76$857,976$80,019$0$365,108
77$888,769$27,220$0$351,834
78$920,917$0$0$341,432
79$954,501$0$0$342,262
80$989,609$0$0$355,043
81$1,026,338$0$0$368,431
82$1,064,790$0$0$382,466
83$1,105,078$0$0$397,190
84$1,147,323$0$0$412,651
85$1,191,658$0$0$428,900
86$1,238,224$0$0$445,993
87$1,287,179$0$0$463,989
88$1,338,690$0$0$482,955
89$1,392,943$0$0$502,962
90$1,450,137$0$0$524,088
91$1,510,491$0$0$546,419
92$1,574,243$0$0$570,047
93$1,641,652$0$0$595,073
94$1,713,003$0$0$621,609
95$1,788,605$0$0$649,775
96$1,868,795$0$0$679,705
97$1,953,944$0$0$711,542
98$2,044,456$0$0$745,446
99$2,140,773$0$0$781,589
100$2,243,380$0$0$820,163