Can I retire at age 61 with 484,000?

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 $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$39,968$39,612$39,265$38,926$38,595$38,368
2 years$19,786$19,418$19,061$18,714$18,378$18,149
3 years$13,060$12,690$12,333$11,990$11,660$11,436
4 years$9,697$9,328$8,976$8,638$8,316$8,099
5 years$7,680$7,313$6,965$6,635$6,322$6,112
6 years$6,336$5,972$5,629$5,306$5,002$4,800
7 years$5,376$5,015$4,678$4,363$4,068$3,874
8 years$4,657$4,299$3,967$3,660$3,375$3,188
9 years$4,097$3,743$3,417$3,117$2,842$2,663
10 years$3,650$3,299$2,979$2,687$2,422$2,251
11 years$3,285$2,937$2,623$2,339$2,083$1,919
12 years$2,980$2,636$2,328$2,051$1,805$1,649
13 years$2,723$2,382$2,079$1,811$1,574$1,425
14 years$2,502$2,166$1,868$1,608$1,380$1,238
15 years$2,311$1,978$1,687$1,434$1,215$1,080
16 years$2,144$1,815$1,529$1,284$1,074$946
17 years$1,997$1,672$1,392$1,153$952$830
18 years$1,867$1,545$1,270$1,039$846$731
19 years$1,750$1,432$1,163$939$754$645
20 years$1,645$1,330$1,067$851$674$571
21 years$1,550$1,239$982$772$603$506
22 years$1,464$1,157$905$702$541$449
23 years$1,386$1,082$835$639$485$398
24 years$1,314$1,014$773$583$436$354
25 years$1,248$951$716$532$392$315
26 years$1,187$894$664$487$353$281
27 years$1,131$841$616$446$319$251
28 years$1,079$793$573$408$288$224
29 years$1,030$748$533$374$260$200
30 years$985$706$497$344$235$179
31 years$943$668$463$316$212$160
32 years$904$632$432$290$192$143
33 years$867$598$403$267$174$128
34 years$832$567$377$245$157$114
35 years$799$538$352$226$142$102
36 years$769$510$330$208$129$92
37 years$740$485$309$192$117$82
38 years$712$461$289$177$106$74
39 years$686$438$271$163$96$66
40 years$662$417$254$150$87$59
41 years$638$397$238$139$79$53
42 years$616$378$223$128$72$47
43 years$595$360$209$118$65$43
44 years$575$343$197$109$59$38
45 years$556$327$185$101$54$34
46 years$538$312$173$93$49$31
47 years$520$298$163$86$44$28
48 years$504$284$153$79$40$25
49 years$488$272$144$73$37$22
50 years$473$259$135$68$33$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $484,000, adding $4,674 every year, while hoping to spend $21,822 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: 63/11/26 Blend
60$484,000$484,000$484,000$484,000
61$538,189$512,537$505,035$568,115
62$569,866$514,433$498,735$590,830
63$604,043$515,691$491,493$612,814
64$640,951$516,255$483,254$636,348
65$680,845$516,069$473,961$661,588
66$724,006$515,071$463,553$688,704
67$770,742$513,197$451,969$717,886
68$821,390$510,376$439,143$749,344
69$876,324$506,537$425,006$783,310
70$935,952$501,600$409,487$820,039
71$1,000,725$495,484$392,511$859,814
72$1,071,138$488,102$373,999$902,949
73$1,147,736$479,361$353,869$949,788
74$1,231,118$469,162$332,037$1,000,714
75$1,321,944$457,403$308,412$1,056,149
76$1,420,939$443,973$282,901$1,116,558
77$1,528,903$428,756$255,406$1,182,458
78$1,646,715$411,628$225,826$1,254,416
79$1,775,342$392,460$194,053$1,333,061
80$1,915,850$371,114$159,977$1,419,088
81$2,069,411$347,443$123,481$1,513,261
82$2,237,318$321,294$84,444$1,616,428
83$2,420,991$292,504$42,739$1,729,523
84$2,621,995$260,901$0$1,853,577
85$2,842,055$226,302$0$1,990,219
86$3,083,069$188,514$0$2,152,901
87$3,347,127$147,336$0$2,331,181
88$3,636,530$102,552$0$2,526,632
89$3,953,815$53,935$0$2,740,988
90$4,301,772$1,247$0$2,976,160
91$4,683,479$0$0$3,234,253
92$5,102,321$0$0$3,524,338
93$5,562,032$0$0$3,842,930
94$6,066,719$0$0$4,192,729
95$6,620,912$0$0$4,576,880
96$7,229,597$0$0$4,998,843
97$7,898,269$0$0$5,462,433
98$8,632,979$0$0$5,971,851
99$9,440,396$0$0$6,531,726
100$10,327,866$0$0$7,147,156