Can I retire at age 61 with 476,000?

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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$39,308$38,958$38,616$38,282$37,957$36,890
2 years$19,459$19,097$18,746$18,405$18,075$17,008
3 years$12,844$12,480$12,130$11,792$11,467$10,434
4 years$9,537$9,174$8,827$8,496$8,179$7,187
5 years$7,553$7,193$6,850$6,525$6,217$5,270
6 years$6,231$5,873$5,536$5,218$4,919$4,017
7 years$5,287$4,932$4,601$4,290$4,001$3,143
8 years$4,580$4,228$3,902$3,599$3,319$2,506
9 years$4,030$3,681$3,360$3,066$2,795$2,026
10 years$3,590$3,245$2,930$2,643$2,382$1,655
11 years$3,230$2,889$2,579$2,300$2,048$1,364
12 years$2,931$2,593$2,289$2,017$1,775$1,131
13 years$2,678$2,343$2,045$1,781$1,548$943
14 years$2,461$2,130$1,838$1,581$1,357$789
15 years$2,273$1,946$1,659$1,410$1,195$663
16 years$2,109$1,785$1,504$1,262$1,056$558
17 years$1,964$1,644$1,369$1,134$936$472
18 years$1,836$1,519$1,249$1,022$832$399
19 years$1,721$1,408$1,144$924$742$338
20 years$1,618$1,308$1,050$837$663$287
21 years$1,525$1,219$966$759$593$244
22 years$1,440$1,138$890$690$532$208
23 years$1,363$1,064$822$629$477$177
24 years$1,292$997$760$573$429$151
25 years$1,227$935$704$524$386$128
26 years$1,167$879$653$479$348$109
27 years$1,112$827$606$438$313$93
28 years$1,061$780$564$402$283$80
29 years$1,013$736$524$368$255$68
30 years$969$695$488$338$231$58
31 years$928$657$455$310$209$50
32 years$889$621$425$285$189$42
33 years$852$588$397$262$171$36
34 years$818$558$371$241$155$31
35 years$786$529$347$222$140$26
36 years$756$502$324$205$127$23
37 years$727$477$303$189$115$19
38 years$700$453$284$174$104$17
39 years$675$431$266$160$95$14
40 years$651$410$250$148$86$12
41 years$628$390$234$136$78$10
42 years$606$372$219$126$71$9
43 years$585$354$206$116$64$8
44 years$566$338$193$107$58$6
45 years$547$322$182$99$53$6
46 years$529$307$170$91$48$5
47 years$512$293$160$85$44$4
48 years$495$280$151$78$40$3
49 years$480$267$141$72$36$3
50 years$465$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 $476,000, adding $5,408 every year, while hoping to spend $34,586 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: 36/36/28 Blend
60$476,000$476,000$476,000$476,000
61$530,130$504,902$497,524$544,603
62$547,404$492,843$477,392$543,777
63$565,281$479,034$455,426$539,372
64$583,786$463,353$431,529$533,952
65$602,945$445,670$405,598$527,449
66$622,785$425,848$377,526$519,792
67$643,337$403,742$347,201$510,906
68$664,632$379,200$314,507$500,711
69$686,703$352,059$279,321$489,125
70$709,585$322,148$241,516$476,058
71$733,315$289,286$200,959$461,421
72$757,933$253,281$157,511$445,115
73$783,481$213,931$111,027$427,040
74$810,005$171,022$61,355$407,088
75$837,552$124,329$8,338$385,148
76$866,175$73,613$0$361,104
77$895,927$18,623$0$349,243
78$926,869$0$0$338,621
79$959,063$0$0$342,867
80$992,576$0$0$354,977
81$1,027,482$0$0$367,603
82$1,063,859$0$0$380,774
83$1,101,790$0$0$394,522
84$1,141,368$0$0$408,882
85$1,182,689$0$0$423,891
86$1,225,859$0$0$439,590
87$1,270,993$0$0$456,024
88$1,318,213$0$0$473,238
89$1,367,653$0$0$491,286
90$1,419,458$0$0$510,222
91$1,473,785$0$0$530,109
92$1,530,804$0$0$551,010
93$1,590,699$0$0$572,999
94$1,653,672$0$0$596,152
95$1,719,941$0$0$620,556
96$1,789,744$0$0$646,302
97$1,863,339$0$0$673,491
98$1,941,009$0$0$702,234
99$2,023,060$0$0$732,650
100$2,109,830$0$0$764,870