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%12.6%
1 years$39,225$38,876$38,535$38,202$37,877$37,466
2 years$19,418$19,057$18,706$18,366$18,037$17,623
3 years$12,817$12,454$12,104$11,768$11,443$11,039
4 years$9,517$9,155$8,809$8,478$8,161$7,771
5 years$7,537$7,178$6,836$6,512$6,204$5,828
6 years$6,218$5,861$5,524$5,208$4,909$4,547
7 years$5,276$4,922$4,591$4,281$3,992$3,646
8 years$4,570$4,219$3,893$3,592$3,312$2,980
9 years$4,021$3,673$3,353$3,059$2,789$2,472
10 years$3,582$3,238$2,924$2,637$2,377$2,074
11 years$3,223$2,883$2,574$2,295$2,044$1,755
12 years$2,925$2,587$2,284$2,013$1,771$1,497
13 years$2,672$2,338$2,041$1,777$1,545$1,284
14 years$2,456$2,125$1,834$1,578$1,354$1,106
15 years$2,268$1,941$1,656$1,407$1,192$957
16 years$2,104$1,781$1,501$1,260$1,054$831
17 years$1,960$1,640$1,366$1,132$934$724
18 years$1,832$1,516$1,247$1,020$831$632
19 years$1,717$1,405$1,141$922$740$553
20 years$1,614$1,306$1,048$835$661$485
21 years$1,521$1,216$964$758$592$426
22 years$1,437$1,135$888$689$530$374
23 years$1,360$1,062$820$627$476$330
24 years$1,289$995$758$572$428$290
25 years$1,225$933$702$523$385$256
26 years$1,165$877$651$478$347$226
27 years$1,110$826$605$437$313$200
28 years$1,059$778$562$401$282$177
29 years$1,011$734$523$367$255$156
30 years$967$693$487$337$230$138
31 years$926$655$454$310$208$122
32 years$887$620$424$285$188$108
33 years$851$587$396$262$170$96
34 years$817$556$370$241$154$85
35 years$785$528$346$222$140$75
36 years$754$501$323$204$127$67
37 years$726$476$303$188$115$59
38 years$699$452$284$173$104$53
39 years$674$430$266$160$94$47
40 years$649$409$249$147$86$41
41 years$626$389$233$136$78$37
42 years$605$371$219$126$70$33
43 years$584$353$206$116$64$29
44 years$564$337$193$107$58$26
45 years$546$321$181$99$53$23
46 years$528$306$170$91$48$20
47 years$511$292$160$84$43$18
48 years$494$279$150$78$39$16
49 years$479$267$141$72$36$14
50 years$464$255$133$67$33$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $475,000, adding $5,313 every year, while hoping to spend $23,660 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: 71/14/15 Blend
60$475,000$475,000$475,000$475,000
61$528,930$503,755$496,393$564,318
62$557,707$503,265$487,848$588,022
63$588,626$501,958$478,224$610,596
64$621,881$499,769$467,459$634,694
65$657,684$496,629$455,490$660,462
66$696,269$492,465$442,250$688,061
67$737,892$487,199$427,669$717,669
68$782,834$480,749$411,673$749,484
69$831,405$473,028$394,186$783,723
70$883,945$463,943$375,128$820,625
71$940,828$453,397$354,416$860,458
72$1,002,465$441,285$331,961$903,512
73$1,069,307$427,499$307,672$950,112
74$1,141,852$411,922$281,455$1,000,615
75$1,220,646$394,432$253,209$1,055,414
76$1,306,290$374,897$222,830$1,114,945
77$1,399,446$353,181$190,208$1,179,689
78$1,500,841$329,138$155,232$1,250,176
79$1,611,276$302,615$117,781$1,326,991
80$1,731,631$273,448$77,732$1,410,781
81$1,862,877$241,467$34,956$1,502,259
82$2,006,080$206,489$0$1,602,213
83$2,162,416$168,322$0$1,713,223
84$2,333,177$126,765$0$1,840,619
85$2,519,787$81,602$0$1,979,883
86$2,723,813$32,608$0$2,132,207
87$2,946,980$0$0$2,298,906
88$3,191,188$0$0$2,484,582
89$3,458,530$0$0$2,693,368
90$3,751,308$0$0$2,922,045
91$4,072,060$0$0$3,172,597
92$4,423,579$0$0$3,447,209
93$4,808,943$0$0$3,748,287
94$5,231,540$0$0$4,078,484
95$5,695,102$0$0$4,440,719
96$6,203,741$0$0$4,838,208
97$6,761,985$0$0$5,274,494
98$7,374,821$0$0$5,753,479
99$8,047,745$0$0$6,279,461
100$8,786,810$0$0$6,857,176