Can I retire at age 61 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$39,225$38,876$38,535$38,202$37,877$37,670
2 years$19,418$19,057$18,706$18,366$18,037$17,828
3 years$12,817$12,454$12,104$11,768$11,443$11,239
4 years$9,517$9,155$8,809$8,478$8,161$7,963
5 years$7,537$7,178$6,836$6,512$6,204$6,013
6 years$6,218$5,861$5,524$5,208$4,909$4,725
7 years$5,276$4,922$4,591$4,281$3,992$3,815
8 years$4,570$4,219$3,893$3,592$3,312$3,142
9 years$4,021$3,673$3,353$3,059$2,789$2,626
10 years$3,582$3,238$2,924$2,637$2,377$2,220
11 years$3,223$2,883$2,574$2,295$2,044$1,895
12 years$2,925$2,587$2,284$2,013$1,771$1,629
13 years$2,672$2,338$2,041$1,777$1,545$1,409
14 years$2,456$2,125$1,834$1,578$1,354$1,224
15 years$2,268$1,941$1,656$1,407$1,192$1,069
16 years$2,104$1,781$1,501$1,260$1,054$937
17 years$1,960$1,640$1,366$1,132$934$823
18 years$1,832$1,516$1,247$1,020$831$725
19 years$1,717$1,405$1,141$922$740$641
20 years$1,614$1,306$1,048$835$661$567
21 years$1,521$1,216$964$758$592$503
22 years$1,437$1,135$888$689$530$446
23 years$1,360$1,062$820$627$476$397
24 years$1,289$995$758$572$428$353
25 years$1,225$933$702$523$385$315
26 years$1,165$877$651$478$347$280
27 years$1,110$826$605$437$313$250
28 years$1,059$778$562$401$282$224
29 years$1,011$734$523$367$255$200
30 years$967$693$487$337$230$179
31 years$926$655$454$310$208$160
32 years$887$620$424$285$188$143
33 years$851$587$396$262$170$128
34 years$817$556$370$241$154$115
35 years$785$528$346$222$140$103
36 years$754$501$323$204$127$92
37 years$726$476$303$188$115$83
38 years$699$452$284$173$104$74
39 years$674$430$266$160$94$66
40 years$649$409$249$147$86$60
41 years$626$389$233$136$78$53
42 years$605$371$219$126$70$48
43 years$584$353$206$116$64$43
44 years$564$337$193$107$58$39
45 years$546$321$181$99$53$35
46 years$528$306$170$91$48$31
47 years$511$292$160$84$43$28
48 years$494$279$150$78$39$25
49 years$479$267$141$72$36$23
50 years$464$255$133$67$33$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $475,000, adding $4,416 every year, while hoping to spend $21,252 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: 32/41/27 Blend
60$475,000$475,000$475,000$475,000
61$528,005$502,830$495,468$540,434
62$559,250$504,857$489,454$552,324
63$592,969$506,271$482,526$562,934
64$629,393$507,019$474,632$573,943
65$668,774$507,046$465,715$585,400
66$711,390$506,293$455,718$597,363
67$757,547$504,696$444,580$609,895
68$807,581$502,190$432,237$623,068
69$861,859$498,702$418,622$636,963
70$920,789$494,159$403,666$651,671
71$984,817$488,480$387,297$667,296
72$1,054,435$481,582$369,437$683,954
73$1,130,182$473,374$350,008$701,773
74$1,212,653$463,762$328,926$720,901
75$1,302,503$452,646$306,104$741,501
76$1,400,452$439,919$281,452$763,754
77$1,507,291$425,469$254,875$787,867
78$1,623,895$409,177$226,273$814,068
79$1,751,222$390,916$195,543$842,612
80$1,890,329$370,554$162,576$873,784
81$2,042,381$347,949$127,261$907,904
82$2,208,658$322,953$89,478$945,326
83$2,390,571$295,407$49,105$986,444
84$2,589,673$265,146$6,014$1,031,701
85$2,807,674$231,992$0$1,081,584
86$3,046,457$195,761$0$1,148,156
87$3,308,098$156,254$0$1,223,103
88$3,594,878$113,266$0$1,305,409
89$3,909,315$66,575$0$1,395,864
90$4,254,179$15,951$0$1,495,346
91$4,632,522$0$0$1,604,827
92$5,047,705$0$0$1,742,907
93$5,503,430$0$0$1,902,445
94$6,003,777$0$0$2,077,681
95$6,553,237$0$0$2,270,199
96$7,156,760$0$0$2,481,742
97$7,819,798$0$0$2,714,232
98$8,548,357$0$0$2,969,786
99$9,349,054$0$0$3,250,735
100$10,229,177$0$0$3,559,649