Can I retire at age 61 with 472,000?

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 $472,000?

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$38,977$38,630$38,291$37,961$37,638$37,030
2 years$19,296$18,936$18,588$18,250$17,923$17,312
3 years$12,736$12,375$12,028$11,693$11,371$10,776
4 years$9,457$9,097$8,753$8,424$8,110$7,536
5 years$7,490$7,132$6,793$6,471$6,165$5,613
6 years$6,179$5,824$5,490$5,175$4,878$4,349
7 years$5,243$4,891$4,562$4,254$3,967$3,462
8 years$4,541$4,192$3,869$3,569$3,291$2,809
9 years$3,996$3,650$3,332$3,040$2,772$2,312
10 years$3,560$3,218$2,905$2,620$2,362$1,924
11 years$3,203$2,864$2,558$2,281$2,031$1,616
12 years$2,906$2,571$2,270$2,000$1,760$1,366
13 years$2,655$2,323$2,028$1,766$1,535$1,162
14 years$2,440$2,112$1,822$1,568$1,345$993
15 years$2,254$1,929$1,645$1,398$1,185$852
16 years$2,091$1,770$1,492$1,252$1,047$733
17 years$1,948$1,630$1,357$1,125$928$632
18 years$1,820$1,506$1,239$1,014$825$547
19 years$1,706$1,396$1,134$916$736$474
20 years$1,604$1,297$1,041$830$657$412
21 years$1,512$1,208$957$753$588$358
22 years$1,428$1,128$882$685$527$312
23 years$1,351$1,055$815$623$473$272
24 years$1,281$988$754$569$425$237
25 years$1,217$928$698$519$383$207
26 years$1,158$872$647$475$345$181
27 years$1,103$820$601$435$311$158
28 years$1,052$773$559$398$280$138
29 years$1,005$729$520$365$253$121
30 years$961$689$484$335$229$106
31 years$920$651$452$308$207$93
32 years$881$616$421$283$187$81
33 years$845$583$393$260$169$71
34 years$811$553$368$239$153$62
35 years$780$524$344$220$139$55
36 years$750$498$321$203$126$48
37 years$721$473$301$187$114$42
38 years$695$449$282$172$103$37
39 years$669$427$264$159$94$32
40 years$645$407$247$147$85$28
41 years$623$387$232$135$77$25
42 years$601$369$218$125$70$22
43 years$580$351$204$115$64$19
44 years$561$335$192$106$58$17
45 years$542$319$180$98$52$15
46 years$524$304$169$91$48$13
47 years$507$291$159$84$43$11
48 years$491$277$149$77$39$10
49 years$476$265$140$72$36$9
50 years$461$253$132$66$32$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $472,000, adding $3,222 every year, while hoping to spend $35,496 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: 59/22/19 Blend
60$472,000$472,000$472,000$472,000
61$523,467$498,451$491,135$551,566
62$539,094$485,108$469,821$557,638
63$555,124$469,921$446,603$560,089
64$571,562$452,763$421,380$561,959
65$588,412$433,498$394,046$563,198
66$605,674$411,984$364,491$563,754
67$623,350$388,069$332,599$563,569
68$641,440$361,592$298,249$562,583
69$659,942$332,385$261,315$560,731
70$678,853$300,269$221,666$557,943
71$698,169$265,055$179,165$554,147
72$717,882$226,542$133,666$549,263
73$737,983$184,520$85,022$543,208
74$758,461$138,766$33,074$535,892
75$779,302$89,043$0$527,220
76$800,488$35,104$0$521,623
77$821,999$0$0$521,908
78$843,810$0$0$526,928
79$865,891$0$0$540,601
80$888,209$0$0$554,406
81$910,724$0$0$568,318
82$933,391$0$0$582,305
83$956,158$0$0$596,334
84$978,965$0$0$610,365
85$1,001,745$0$0$624,353
86$1,024,421$0$0$638,247
87$1,046,905$0$0$651,989
88$1,069,100$0$0$665,516
89$1,090,894$0$0$678,754
90$1,112,162$0$0$691,621
91$1,132,765$0$0$704,024
92$1,152,544$0$0$715,862
93$1,171,325$0$0$727,017
94$1,188,910$0$0$737,362
95$1,205,079$0$0$746,752
96$1,219,586$0$0$755,026
97$1,232,158$0$0$762,006
98$1,242,490$0$0$767,491
99$1,250,243$0$0$771,261
100$1,255,038$0$0$773,068