Can I retire at age 61 with 475,000?

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 $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%16.1%
1 years$39,225$38,876$38,535$38,202$37,877$36,932
2 years$19,418$19,057$18,706$18,366$18,037$17,090
3 years$12,817$12,454$12,104$11,768$11,443$10,525
4 years$9,517$9,155$8,809$8,478$8,161$7,279
5 years$7,537$7,178$6,836$6,512$6,204$5,360
6 years$6,218$5,861$5,524$5,208$4,909$4,103
7 years$5,276$4,922$4,591$4,281$3,992$3,226
8 years$4,570$4,219$3,893$3,592$3,312$2,584
9 years$4,021$3,673$3,353$3,059$2,789$2,099
10 years$3,582$3,238$2,924$2,637$2,377$1,724
11 years$3,223$2,883$2,574$2,295$2,044$1,427
12 years$2,925$2,587$2,284$2,013$1,771$1,190
13 years$2,672$2,338$2,041$1,777$1,545$997
14 years$2,456$2,125$1,834$1,578$1,354$839
15 years$2,268$1,941$1,656$1,407$1,192$709
16 years$2,104$1,781$1,501$1,260$1,054$601
17 years$1,960$1,640$1,366$1,132$934$510
18 years$1,832$1,516$1,247$1,020$831$434
19 years$1,717$1,405$1,141$922$740$370
20 years$1,614$1,306$1,048$835$661$316
21 years$1,521$1,216$964$758$592$270
22 years$1,437$1,135$888$689$530$231
23 years$1,360$1,062$820$627$476$198
24 years$1,289$995$758$572$428$170
25 years$1,225$933$702$523$385$146
26 years$1,165$877$651$478$347$125
27 years$1,110$826$605$437$313$108
28 years$1,059$778$562$401$282$92
29 years$1,011$734$523$367$255$79
30 years$967$693$487$337$230$68
31 years$926$655$454$310$208$59
32 years$887$620$424$285$188$50
33 years$851$587$396$262$170$43
34 years$817$556$370$241$154$37
35 years$785$528$346$222$140$32
36 years$754$501$323$204$127$28
37 years$726$476$303$188$115$24
38 years$699$452$284$173$104$21
39 years$674$430$266$160$94$18
40 years$649$409$249$147$86$15
41 years$626$389$233$136$78$13
42 years$605$371$219$126$70$11
43 years$584$353$206$116$64$10
44 years$564$337$193$107$58$8
45 years$546$321$181$99$53$7
46 years$528$306$170$91$48$6
47 years$511$292$160$84$43$5
48 years$494$279$150$78$39$5
49 years$479$267$141$72$36$4
50 years$464$255$133$67$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $475,000, adding $5,061 every year, while hoping to spend $31,275 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: 72/21/7 Blend
60$475,000$475,000$475,000$475,000
61$528,670$503,495$496,133$565,827
62$549,318$494,890$479,477$582,423
63$571,024$484,815$461,215$596,195
64$593,863$473,166$441,260$610,399
65$617,916$459,830$419,521$625,069
66$643,272$444,690$395,903$640,243
67$670,028$427,621$370,308$655,962
68$698,288$408,493$342,631$672,274
69$728,169$387,164$312,765$689,232
70$759,795$363,488$280,595$706,895
71$793,304$337,308$246,005$725,328
72$828,844$308,460$208,870$744,605
73$866,581$276,769$169,061$764,809
74$906,692$242,051$126,445$786,031
75$949,374$204,111$80,880$808,373
76$994,841$162,743$32,220$831,950
77$1,043,327$117,730$0$856,889
78$1,095,090$68,842$0$884,804
79$1,150,410$15,837$0$917,044
80$1,209,598$0$0$951,391
81$1,272,991$0$0$997,651
82$1,340,960$0$0$1,051,190
83$1,413,913$0$0$1,108,672
84$1,492,297$0$0$1,170,449
85$1,576,602$0$0$1,236,912
86$1,667,367$0$0$1,308,487
87$1,765,184$0$0$1,385,643
88$1,870,702$0$0$1,468,895
89$1,984,635$0$0$1,558,809
90$2,107,768$0$0$1,656,007
91$2,240,962$0$0$1,761,172
92$2,385,165$0$0$1,875,057
93$2,541,419$0$0$1,998,486
94$2,710,870$0$0$2,132,369
95$2,894,777$0$0$2,277,704
96$3,094,525$0$0$2,435,589
97$3,311,638$0$0$2,607,235
98$3,547,794$0$0$2,793,969
99$3,804,836$0$0$2,997,255
100$4,084,795$0$0$3,218,703