Can I retire at age 61 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$39,390$39,039$38,697$38,363$38,037$36,938
2 years$19,500$19,137$18,785$18,444$18,113$17,014
3 years$12,871$12,506$12,155$11,817$11,491$10,428
4 years$9,557$9,193$8,846$8,514$8,196$7,175
5 years$7,569$7,208$6,865$6,539$6,230$5,256
6 years$6,244$5,886$5,548$5,229$4,930$4,002
7 years$5,298$4,943$4,610$4,299$4,009$3,128
8 years$4,589$4,237$3,910$3,607$3,326$2,491
9 years$4,038$3,689$3,368$3,072$2,801$2,011
10 years$3,597$3,252$2,936$2,648$2,387$1,641
11 years$3,237$2,895$2,585$2,305$2,053$1,350
12 years$2,937$2,598$2,294$2,022$1,779$1,118
13 years$2,683$2,348$2,049$1,785$1,551$931
14 years$2,466$2,134$1,841$1,584$1,360$778
15 years$2,278$1,950$1,663$1,413$1,197$653
16 years$2,113$1,789$1,507$1,265$1,058$549
17 years$1,968$1,647$1,372$1,137$938$463
18 years$1,840$1,522$1,252$1,024$834$391
19 years$1,725$1,411$1,146$926$743$331
20 years$1,621$1,311$1,052$838$664$281
21 years$1,528$1,221$968$761$594$238
22 years$1,443$1,140$892$692$533$202
23 years$1,366$1,066$823$630$478$172
24 years$1,295$999$762$575$430$146
25 years$1,230$937$705$525$387$124
26 years$1,170$881$654$480$348$106
27 years$1,114$829$607$439$314$90
28 years$1,063$781$565$402$283$77
29 years$1,015$737$525$369$256$66
30 years$971$696$489$339$231$56
31 years$929$658$456$311$209$48
32 years$891$623$426$286$189$41
33 years$854$590$398$263$171$35
34 years$820$559$371$242$155$30
35 years$788$530$347$223$140$25
36 years$758$503$325$205$127$22
37 years$729$478$304$189$115$18
38 years$702$454$285$174$104$16
39 years$676$432$267$161$95$13
40 years$652$411$250$148$86$11
41 years$629$391$234$137$78$10
42 years$607$372$220$126$71$8
43 years$587$355$206$116$64$7
44 years$567$338$194$107$58$6
45 years$548$323$182$99$53$5
46 years$530$308$171$92$48$4
47 years$513$294$161$85$44$4
48 years$496$280$151$78$40$3
49 years$481$268$142$72$36$3
50 years$466$256$133$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $477,000, adding $3,721 every year, while hoping to spend $36,963 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: 33/49/18 Blend
60$477,000$477,000$477,000$477,000
61$529,492$504,211$496,818$543,903
62$544,172$489,589$474,133$540,256
63$559,110$473,012$449,449$532,654
64$574,295$454,344$422,661$523,679
65$589,710$433,444$393,656$513,230
66$605,337$410,160$362,321$501,202
67$621,156$384,333$328,534$487,483
68$637,142$355,793$292,168$471,954
69$653,267$324,363$253,091$454,488
70$669,496$289,853$211,166$434,950
71$685,794$252,065$166,249$413,199
72$702,116$210,787$118,190$389,081
73$718,414$165,798$66,831$362,436
74$734,631$116,861$12,009$333,093
75$750,706$63,729$0$300,868
76$766,566$6,140$0$274,498
77$782,131$0$0$247,890
78$797,311$0$0$248,844
79$812,005$0$0$252,893
80$826,099$0$0$256,683
81$839,465$0$0$260,166
82$851,961$0$0$263,289
83$863,428$0$0$265,994
84$873,689$0$0$268,213
85$882,546$0$0$269,874
86$889,778$0$0$270,895
87$895,139$0$0$271,185
88$898,357$0$0$270,644
89$899,129$0$0$269,159
90$897,118$0$0$266,607
91$891,949$0$0$262,848
92$883,208$0$0$257,732
93$870,434$0$0$251,087
94$853,117$0$0$242,728
95$830,691$0$0$232,446
96$802,531$0$0$220,011
97$767,942$0$0$205,170
98$726,156$0$0$187,640
99$676,326$0$0$167,111
100$617,509$0$0$143,238