Can I retire at age 61 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$38,564$38,221$37,886$37,559$37,239$36,369
2 years$19,091$18,736$18,391$18,057$17,733$16,861
3 years$12,601$12,244$11,900$11,569$11,251$10,404
4 years$9,357$9,001$8,660$8,335$8,024$7,210
5 years$7,410$7,057$6,721$6,402$6,100$5,320
6 years$6,113$5,762$5,431$5,120$4,826$4,082
7 years$5,187$4,839$4,514$4,209$3,925$3,216
8 years$4,493$4,148$3,828$3,531$3,256$2,582
9 years$3,953$3,612$3,297$3,008$2,742$2,103
10 years$3,522$3,183$2,874$2,593$2,337$1,731
11 years$3,169$2,834$2,531$2,256$2,010$1,437
12 years$2,875$2,544$2,246$1,979$1,741$1,201
13 years$2,627$2,299$2,006$1,747$1,519$1,009
14 years$2,414$2,089$1,803$1,551$1,331$852
15 years$2,230$1,909$1,628$1,383$1,172$722
16 years$2,069$1,751$1,476$1,239$1,036$613
17 years$1,927$1,613$1,343$1,113$918$522
18 years$1,801$1,490$1,226$1,003$817$446
19 years$1,688$1,381$1,122$906$728$381
20 years$1,587$1,284$1,030$821$650$327
21 years$1,496$1,196$947$745$582$280
22 years$1,413$1,116$873$677$522$241
23 years$1,337$1,044$806$617$468$207
24 years$1,268$978$746$563$421$178
25 years$1,204$918$691$514$379$153
26 years$1,145$863$640$470$341$132
27 years$1,091$812$595$430$308$114
28 years$1,041$765$553$394$277$98
29 years$994$722$514$361$251$84
30 years$951$681$479$332$226$73
31 years$910$644$447$304$205$63
32 years$872$610$417$280$185$54
33 years$836$577$389$257$168$47
34 years$803$547$364$237$152$40
35 years$771$519$340$218$137$35
36 years$742$493$318$201$124$30
37 years$714$468$298$185$113$26
38 years$687$445$279$170$102$22
39 years$662$423$261$157$93$19
40 years$638$402$245$145$84$17
41 years$616$383$230$134$76$14
42 years$595$365$215$123$69$13
43 years$574$347$202$114$63$11
44 years$555$331$190$105$57$9
45 years$536$316$178$97$52$8
46 years$519$301$167$90$47$7
47 years$502$287$157$83$43$6
48 years$486$274$148$77$39$5
49 years$471$262$139$71$35$5
50 years$456$250$130$65$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $467,000, adding $2,106 every year, while hoping to spend $32,892 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: 46/36/18 Blend
60$467,000$467,000$467,000$467,000
61$516,806$492,055$484,817$537,836
62$534,524$481,169$466,061$541,841
63$552,946$468,647$445,575$542,718
64$572,110$454,375$423,266$542,973
65$592,056$438,230$399,036$542,562
66$612,827$420,084$372,784$541,440
67$634,468$399,801$344,405$539,560
68$657,029$377,236$313,788$536,870
69$680,563$352,239$280,818$533,320
70$705,129$324,646$245,373$528,856
71$730,787$294,289$207,328$523,421
72$757,605$260,987$166,551$516,956
73$785,655$224,550$122,905$509,402
74$815,016$184,776$76,247$500,695
75$845,772$141,455$26,425$490,771
76$878,015$94,361$0$479,562
77$911,846$43,257$0$472,135
78$947,371$0$0$469,034
79$984,710$0$0$469,933
80$1,023,989$0$0$488,923
81$1,065,348$0$0$508,939
82$1,108,939$0$0$530,056
83$1,154,926$0$0$552,357
84$1,203,489$0$0$575,932
85$1,254,825$0$0$600,880
86$1,309,147$0$0$627,308
87$1,366,690$0$0$655,333
88$1,427,708$0$0$685,084
89$1,492,481$0$0$716,701
90$1,561,313$0$0$750,338
91$1,634,540$0$0$786,163
92$1,712,526$0$0$824,359
93$1,795,671$0$0$865,129
94$1,884,414$0$0$908,693
95$1,979,234$0$0$955,292
96$2,080,658$0$0$1,005,194
97$2,189,264$0$0$1,058,688
98$2,305,683$0$0$1,116,093
99$2,430,609$0$0$1,177,761
100$2,564,805$0$0$1,244,075