Can I retire at age 61 with 468,000?

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 $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$38,647$38,303$37,967$37,639$37,319$36,701
2 years$19,132$18,776$18,431$18,096$17,771$17,150
3 years$12,628$12,270$11,926$11,594$11,275$10,670
4 years$9,377$9,020$8,679$8,353$8,041$7,458
5 years$7,426$7,072$6,735$6,416$6,113$5,552
6 years$6,127$5,775$5,443$5,131$4,837$4,300
7 years$5,198$4,849$4,523$4,218$3,934$3,420
8 years$4,503$4,157$3,836$3,539$3,263$2,773
9 years$3,962$3,619$3,304$3,014$2,748$2,282
10 years$3,529$3,190$2,880$2,598$2,342$1,898
11 years$3,176$2,840$2,536$2,261$2,014$1,593
12 years$2,882$2,549$2,251$1,983$1,745$1,346
13 years$2,633$2,304$2,011$1,751$1,522$1,144
14 years$2,419$2,094$1,807$1,554$1,334$977
15 years$2,235$1,913$1,631$1,386$1,175$837
16 years$2,073$1,755$1,479$1,241$1,038$720
17 years$1,931$1,616$1,346$1,115$920$621
18 years$1,805$1,494$1,228$1,005$818$537
19 years$1,692$1,384$1,125$908$729$465
20 years$1,591$1,286$1,032$822$652$403
21 years$1,499$1,198$949$746$583$350
22 years$1,416$1,118$875$679$523$305
23 years$1,340$1,046$808$618$469$265
24 years$1,270$980$747$564$422$231
25 years$1,207$920$692$515$379$202
26 years$1,148$864$642$471$342$176
27 years$1,093$813$596$431$308$154
28 years$1,043$767$554$395$278$134
29 years$996$723$516$362$251$118
30 years$953$683$480$332$227$103
31 years$912$646$448$305$205$90
32 years$874$611$418$280$186$79
33 years$838$579$390$258$168$69
34 years$805$548$364$237$152$60
35 years$773$520$341$218$138$53
36 years$743$494$319$201$125$46
37 years$715$469$298$185$113$41
38 years$689$446$279$171$103$36
39 years$664$424$262$158$93$31
40 years$640$403$245$145$84$27
41 years$617$384$230$134$76$24
42 years$596$365$216$124$69$21
43 years$575$348$202$114$63$18
44 years$556$332$190$105$57$16
45 years$538$316$178$97$52$14
46 years$520$302$168$90$47$12
47 years$503$288$157$83$43$11
48 years$487$275$148$77$39$10
49 years$472$263$139$71$35$8
50 years$457$251$131$66$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $468,000, adding $3,651 every year, while hoping to spend $33,651 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: 76/8/16 Blend
60$468,000$468,000$468,000$468,000
61$519,502$494,698$487,444$556,885
62$536,687$483,134$467,969$570,522
63$554,497$469,875$446,714$580,908
64$572,960$454,803$423,583$591,383
65$592,106$437,793$398,477$601,943
66$611,967$418,712$371,293$612,588
67$632,578$397,418$341,921$623,317
68$653,973$373,764$310,248$634,128
69$676,193$347,593$276,156$645,022
70$699,278$318,738$239,520$655,997
71$723,271$287,024$200,211$667,057
72$748,222$252,264$158,095$678,201
73$774,179$214,264$113,030$689,433
74$801,197$172,815$64,868$700,757
75$829,335$127,699$13,457$712,178
76$858,655$78,684$0$723,702
77$889,225$25,526$0$742,407
78$921,117$0$0$764,146
79$954,409$0$0$789,480
80$989,187$0$0$818,297
81$1,025,540$0$0$848,423
82$1,063,569$0$0$879,943
83$1,103,379$0$0$912,944
84$1,145,087$0$0$947,524
85$1,188,817$0$0$983,786
86$1,234,707$0$0$1,021,846
87$1,282,903$0$0$1,061,825
88$1,333,566$0$0$1,103,858
89$1,386,871$0$0$1,148,092
90$1,443,007$0$0$1,194,683
91$1,502,181$0$0$1,243,806
92$1,564,619$0$0$1,295,649
93$1,630,565$0$0$1,350,415
94$1,700,288$0$0$1,408,331
95$1,774,081$0$0$1,469,639
96$1,852,261$0$0$1,534,607
97$1,935,179$0$0$1,603,526
98$2,023,214$0$0$1,676,715
99$2,116,785$0$0$1,754,523
100$2,216,347$0$0$1,837,330