Can I retire at age 61 with 469,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $469,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$38,730$38,385$38,048$37,720$37,399$36,794
2 years$19,173$18,816$18,470$18,134$17,809$17,202
3 years$12,655$12,296$11,951$11,619$11,299$10,707
4 years$9,397$9,039$8,697$8,371$8,058$7,488
5 years$7,442$7,087$6,750$6,430$6,126$5,577
6 years$6,140$5,787$5,455$5,142$4,847$4,322
7 years$5,210$4,860$4,533$4,227$3,942$3,440
8 years$4,512$4,166$3,844$3,546$3,270$2,791
9 years$3,970$3,627$3,311$3,021$2,754$2,297
10 years$3,537$3,197$2,887$2,604$2,347$1,912
11 years$3,183$2,846$2,541$2,266$2,018$1,605
12 years$2,888$2,555$2,255$1,988$1,749$1,358
13 years$2,638$2,309$2,015$1,755$1,525$1,154
14 years$2,425$2,098$1,811$1,558$1,337$986
15 years$2,240$1,917$1,635$1,389$1,177$846
16 years$2,078$1,759$1,482$1,244$1,040$728
17 years$1,935$1,620$1,349$1,118$922$628
18 years$1,809$1,497$1,231$1,007$820$544
19 years$1,696$1,387$1,127$910$731$471
20 years$1,594$1,289$1,034$824$653$409
21 years$1,502$1,201$951$748$584$356
22 years$1,419$1,121$877$680$524$310
23 years$1,343$1,048$810$619$470$270
24 years$1,273$982$749$565$423$235
25 years$1,209$922$693$516$380$205
26 years$1,150$866$643$472$343$180
27 years$1,096$815$597$432$309$157
28 years$1,045$768$555$396$279$137
29 years$998$725$517$363$252$120
30 years$955$684$481$333$227$105
31 years$914$647$449$306$206$92
32 years$876$612$419$281$186$81
33 years$840$580$391$258$168$71
34 years$806$549$365$238$152$62
35 years$775$521$341$219$138$54
36 years$745$495$319$202$125$48
37 years$717$470$299$186$113$42
38 years$690$446$280$171$103$37
39 years$665$425$262$158$93$32
40 years$641$404$246$146$84$28
41 years$619$385$231$134$77$25
42 years$597$366$216$124$70$22
43 years$577$349$203$114$63$19
44 years$557$333$190$106$57$17
45 years$539$317$179$98$52$15
46 years$521$303$168$90$47$13
47 years$504$289$158$83$43$11
48 years$488$276$148$77$39$10
49 years$473$263$139$71$35$9
50 years$458$251$131$66$32$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $469,000, adding $6,337 every year, while hoping to spend $30,114 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: 39/40/21 Blend
60$469,000$469,000$469,000$469,000
61$523,375$498,518$491,248$540,298
62$544,718$490,904$475,664$545,456
63$567,229$481,908$458,548$547,708
64$590,994$471,430$439,818$549,530
65$616,111$459,365$419,387$550,899
66$642,681$445,600$397,163$551,793
67$670,819$430,019$373,053$552,191
68$700,648$412,496$346,956$552,073
69$732,304$392,898$318,769$551,418
70$765,935$371,086$288,383$550,208
71$801,703$346,912$255,687$548,426
72$839,785$320,219$220,561$546,058
73$880,375$290,842$182,881$543,090
74$923,686$258,605$142,520$539,512
75$969,950$223,325$99,343$535,318
76$1,019,422$184,806$53,208$530,505
77$1,072,382$142,840$3,970$525,075
78$1,129,138$97,212$0$519,035
79$1,190,024$47,690$0$523,283
80$1,255,411$0$0$528,612
81$1,325,704$0$0$536,825
82$1,401,347$0$0$568,298
83$1,482,829$0$0$602,247
84$1,570,686$0$0$638,902
85$1,665,508$0$0$678,516
86$1,767,942$0$0$721,366
87$1,878,699$0$0$767,756
88$1,998,563$0$0$818,021
89$2,128,391$0$0$872,530
90$2,269,131$0$0$931,687
91$2,421,820$0$0$995,939
92$2,587,604$0$0$1,065,774
93$2,767,737$0$0$1,141,733
94$2,963,605$0$0$1,224,408
95$3,176,728$0$0$1,314,451
96$3,408,782$0$0$1,412,581
97$3,661,607$0$0$1,519,589
98$3,937,232$0$0$1,636,343
99$4,237,889$0$0$1,763,801
100$4,566,033$0$0$1,903,018