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%16%
1 years$39,968$39,612$39,265$38,926$38,595$37,647
2 years$19,786$19,418$19,061$18,714$18,378$17,429
3 years$13,060$12,690$12,333$11,990$11,660$10,739
4 years$9,697$9,328$8,976$8,638$8,316$7,430
5 years$7,680$7,313$6,965$6,635$6,322$5,474
6 years$6,336$5,972$5,629$5,306$5,002$4,193
7 years$5,376$5,015$4,678$4,363$4,068$3,298
8 years$4,657$4,299$3,967$3,660$3,375$2,644
9 years$4,097$3,743$3,417$3,117$2,842$2,149
10 years$3,650$3,299$2,979$2,687$2,422$1,766
11 years$3,285$2,937$2,623$2,339$2,083$1,463
12 years$2,980$2,636$2,328$2,051$1,805$1,220
13 years$2,723$2,382$2,079$1,811$1,574$1,023
14 years$2,502$2,166$1,868$1,608$1,380$862
15 years$2,311$1,978$1,687$1,434$1,215$729
16 years$2,144$1,815$1,529$1,284$1,074$618
17 years$1,997$1,672$1,392$1,153$952$525
18 years$1,867$1,545$1,270$1,039$846$447
19 years$1,750$1,432$1,163$939$754$382
20 years$1,645$1,330$1,067$851$674$326
21 years$1,550$1,239$982$772$603$279
22 years$1,464$1,157$905$702$541$239
23 years$1,386$1,082$835$639$485$205
24 years$1,314$1,014$773$583$436$176
25 years$1,248$951$716$532$392$151
26 years$1,187$894$664$487$353$130
27 years$1,131$841$616$446$319$112
28 years$1,079$793$573$408$288$96
29 years$1,030$748$533$374$260$83
30 years$985$706$497$344$235$71
31 years$943$668$463$316$212$61
32 years$904$632$432$290$192$53
33 years$867$598$403$267$174$45
34 years$832$567$377$245$157$39
35 years$799$538$352$226$142$34
36 years$769$510$330$208$129$29
37 years$740$485$309$192$117$25
38 years$712$461$289$177$106$21
39 years$686$438$271$163$96$19
40 years$662$417$254$150$87$16
41 years$638$397$238$139$79$14
42 years$616$378$223$128$72$12
43 years$595$360$209$118$65$10
44 years$575$343$197$109$59$9
45 years$556$327$185$101$54$8
46 years$538$312$173$93$49$7
47 years$520$298$163$86$44$6
48 years$504$284$153$79$40$5
49 years$488$272$144$73$37$4
50 years$473$259$135$68$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $484,000, adding $5,998 every year, while hoping to spend $23,832 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: 47/46/7 Blend
60$484,000$484,000$484,000$484,000
61$539,555$513,903$506,401$563,621
62$569,232$513,727$498,008$580,597
63$601,138$512,744$488,536$596,021
64$635,475$510,889$477,922$612,202
65$672,464$508,093$466,103$629,218
66$712,349$504,283$453,011$647,154
67$755,398$499,382$438,576$666,108
68$801,905$493,309$422,726$686,186
69$852,194$485,976$405,382$707,510
70$906,620$477,291$386,464$730,212
71$965,574$467,157$365,889$754,443
72$1,029,485$455,470$343,569$780,368
73$1,098,826$442,122$319,412$808,173
74$1,174,117$426,996$293,323$838,064
75$1,255,928$409,969$265,200$870,271
76$1,344,888$390,914$234,940$905,050
77$1,441,689$369,691$202,433$942,685
78$1,547,093$346,157$167,566$983,491
79$1,661,935$320,157$130,218$1,027,821
80$1,787,138$291,531$90,266$1,076,063
81$1,923,716$260,105$47,579$1,128,651
82$2,072,784$225,700$2,023$1,186,067
83$2,235,573$188,124$0$1,248,845
84$2,413,434$147,175$0$1,321,056
85$2,607,856$102,639$0$1,400,265
86$2,820,480$54,290$0$1,487,062
87$3,053,110$1,891$0$1,582,267
88$3,307,733$0$0$1,686,787
89$3,586,540$0$0$1,829,372
90$3,891,939$0$0$1,986,661
91$4,226,585$0$0$2,159,070
92$4,593,402$0$0$2,348,113
93$4,995,609$0$0$2,555,455
94$5,436,752$0$0$2,782,934
95$5,920,736$0$0$3,032,570
96$6,451,865$0$0$3,306,591
97$7,034,875$0$0$3,607,450
98$7,674,988$0$0$3,937,850
99$8,377,953$0$0$4,300,768
100$9,150,103$0$0$4,699,483