Can I retire at age 61 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$40,546$40,185$39,833$39,489$39,153$38,269
2 years$20,072$19,699$19,336$18,985$18,644$17,758
3 years$13,249$12,873$12,512$12,164$11,829$10,968
4 years$9,838$9,463$9,105$8,763$8,436$7,608
5 years$7,791$7,419$7,066$6,731$6,413$5,620
6 years$6,428$6,058$5,711$5,383$5,075$4,317
7 years$5,454$5,088$4,745$4,426$4,127$3,405
8 years$4,724$4,361$4,025$3,713$3,424$2,737
9 years$4,157$3,797$3,466$3,162$2,883$2,232
10 years$3,703$3,347$3,022$2,726$2,457$1,839
11 years$3,332$2,980$2,661$2,372$2,113$1,529
12 years$3,023$2,674$2,361$2,081$1,831$1,279
13 years$2,762$2,417$2,110$1,837$1,597$1,077
14 years$2,538$2,197$1,895$1,631$1,400$910
15 years$2,345$2,007$1,711$1,454$1,232$772
16 years$2,175$1,841$1,552$1,302$1,089$657
17 years$2,026$1,696$1,412$1,170$966$560
18 years$1,894$1,567$1,289$1,054$859$479
19 years$1,775$1,452$1,180$953$765$410
20 years$1,669$1,349$1,083$863$684$352
21 years$1,573$1,257$996$783$612$302
22 years$1,485$1,173$918$712$548$260
23 years$1,406$1,097$848$648$492$224
24 years$1,333$1,028$784$591$442$193
25 years$1,266$965$726$540$398$166
26 years$1,204$907$673$494$359$143
27 years$1,147$853$625$452$323$124
28 years$1,094$804$581$414$292$107
29 years$1,045$759$541$380$263$92
30 years$999$717$504$349$238$80
31 years$957$677$470$320$215$69
32 years$917$641$438$294$195$60
33 years$879$607$409$271$176$51
34 years$844$575$382$249$159$45
35 years$811$546$357$229$144$39
36 years$780$518$334$211$131$33
37 years$750$492$313$194$119$29
38 years$723$467$293$179$108$25
39 years$696$444$275$165$98$22
40 years$671$423$257$152$88$19
41 years$648$403$241$141$80$16
42 years$625$383$226$130$73$14
43 years$604$365$212$120$66$12
44 years$583$348$199$111$60$10
45 years$564$332$187$102$54$9
46 years$545$317$176$94$49$8
47 years$528$302$165$87$45$7
48 years$511$289$155$81$41$6
49 years$495$276$146$74$37$5
50 years$479$263$137$69$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $491,000, adding $4,294 every year, while hoping to spend $39,359 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: 53/26/21 Blend
60$491,000$491,000$491,000$491,000
61$545,511$519,488$511,878$571,065
62$559,276$503,066$487,148$572,677
63$573,125$484,519$460,271$569,971
64$587,026$463,703$431,132$566,190
65$600,942$440,463$399,614$561,242
66$614,829$414,637$365,592$555,032
67$628,639$386,052$328,937$547,457
68$642,318$354,526$289,514$538,405
69$655,803$319,866$247,181$527,757
70$669,024$281,869$201,791$515,386
71$681,903$240,319$153,190$501,152
72$694,352$194,990$101,217$484,909
73$706,273$145,640$45,704$466,496
74$717,553$92,017$0$445,742
75$728,070$33,853$0$425,495
76$737,686$0$0$413,649
77$746,246$0$0$408,116
78$753,578$0$0$411,525
79$759,492$0$0$414,078
80$763,774$0$0$415,649
81$766,188$0$0$416,100
82$766,469$0$0$415,275
83$764,327$0$0$413,004
84$759,436$0$0$409,094
85$751,436$0$0$403,336
86$739,928$0$0$395,495
87$724,469$0$0$385,312
88$704,570$0$0$372,498
89$679,685$0$0$356,735
90$649,216$0$0$337,671
91$612,494$0$0$314,916
92$568,784$0$0$288,038
93$517,271$0$0$256,560
94$457,054$0$0$219,955
95$387,136$0$0$177,638
96$306,415$0$0$128,965
97$213,674$0$0$73,224
98$107,567$0$0$9,626
99$0$0$0$0
100$0$0$0$0