Can I retire at age 61 with 482,000?

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 $482,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$39,803$39,449$39,103$38,765$38,435$37,445
2 years$19,705$19,338$18,982$18,637$18,303$17,312
3 years$13,006$12,637$12,283$11,941$11,612$10,651
4 years$9,657$9,290$8,939$8,603$8,282$7,359
5 years$7,649$7,283$6,937$6,608$6,296$5,413
6 years$6,310$5,947$5,606$5,284$4,982$4,140
7 years$5,354$4,995$4,658$4,344$4,051$3,250
8 years$4,637$4,281$3,951$3,644$3,361$2,601
9 years$4,080$3,728$3,403$3,104$2,830$2,110
10 years$3,635$3,286$2,967$2,676$2,412$1,731
11 years$3,271$2,925$2,612$2,329$2,074$1,431
12 years$2,968$2,625$2,318$2,043$1,797$1,191
13 years$2,711$2,373$2,071$1,803$1,567$997
14 years$2,492$2,157$1,861$1,601$1,374$838
15 years$2,302$1,970$1,680$1,428$1,210$707
16 years$2,135$1,808$1,523$1,278$1,069$598
17 years$1,989$1,665$1,386$1,149$948$507
18 years$1,859$1,538$1,265$1,035$843$431
19 years$1,743$1,426$1,158$935$751$367
20 years$1,638$1,325$1,063$847$671$313
21 years$1,544$1,234$978$769$601$267
22 years$1,458$1,152$901$699$538$228
23 years$1,380$1,077$832$637$483$195
24 years$1,308$1,009$770$581$434$167
25 years$1,243$947$713$530$391$143
26 years$1,182$890$661$485$352$123
27 years$1,126$838$614$444$317$105
28 years$1,074$789$571$407$286$90
29 years$1,026$745$531$373$259$77
30 years$981$703$495$342$234$67
31 years$939$665$461$314$211$57
32 years$900$629$430$289$191$49
33 years$863$596$402$266$173$42
34 years$829$565$375$244$157$36
35 years$796$536$351$225$142$31
36 years$766$508$328$207$128$27
37 years$737$483$307$191$116$23
38 years$709$459$288$176$106$20
39 years$683$436$270$162$96$17
40 years$659$415$253$150$87$15
41 years$636$395$237$138$79$13
42 years$614$376$222$127$71$11
43 years$593$359$209$118$65$9
44 years$573$342$196$109$59$8
45 years$554$326$184$100$53$7
46 years$535$311$173$93$49$6
47 years$518$297$162$86$44$5
48 years$502$283$152$79$40$4
49 years$486$271$143$73$36$4
50 years$471$258$135$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $482,000, adding $5,718 every year, while hoping to spend $35,012 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: 76/11/13 Blend
60$482,000$482,000$482,000$482,000
61$537,062$511,516$504,045$576,030
62$554,590$499,328$483,678$590,333
63$572,732$485,369$461,455$601,033
64$591,514$469,516$437,278$611,792
65$610,964$451,637$411,042$622,602
66$631,110$431,595$382,639$633,458
67$651,982$409,241$351,956$644,353
68$673,612$384,423$318,875$655,280
69$696,036$356,974$283,272$666,233
70$719,288$326,723$245,019$677,205
71$743,409$293,486$203,980$688,188
72$768,438$257,069$160,015$699,177
73$794,421$217,267$112,978$710,165
74$821,403$173,864$62,714$721,146
75$849,435$126,632$9,063$732,113
76$878,570$75,329$0$743,062
77$908,865$19,701$0$760,672
78$940,381$0$0$780,031
79$973,185$0$0$804,807
80$1,007,347$0$0$833,095
81$1,042,943$0$0$862,574
82$1,080,054$0$0$893,312
83$1,118,768$0$0$925,381
84$1,159,180$0$0$958,862
85$1,201,393$0$0$993,839
86$1,245,517$0$0$1,030,404
87$1,291,672$0$0$1,068,658
88$1,339,986$0$0$1,108,708
89$1,390,600$0$0$1,150,671
90$1,443,665$0$0$1,194,674
91$1,499,347$0$0$1,240,854
92$1,557,824$0$0$1,289,361
93$1,619,290$0$0$1,340,357
94$1,683,956$0$0$1,394,017
95$1,752,053$0$0$1,450,535
96$1,823,830$0$0$1,510,119
97$1,899,560$0$0$1,572,997
98$1,979,539$0$0$1,639,418
99$2,064,093$0$0$1,709,651
100$2,153,575$0$0$1,783,993