Can I retire at age 61 with 492,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$40,629$40,267$39,914$39,569$39,233$38,023
2 years$20,113$19,739$19,376$19,024$18,682$17,474
3 years$13,276$12,899$12,537$12,189$11,853$10,684
4 years$9,858$9,482$9,124$8,781$8,454$7,333
5 years$7,807$7,434$7,081$6,745$6,426$5,357
6 years$6,441$6,071$5,722$5,394$5,085$4,068
7 years$5,465$5,098$4,755$4,435$4,135$3,171
8 years$4,734$4,370$4,033$3,720$3,431$2,518
9 years$4,165$3,805$3,473$3,169$2,889$2,027
10 years$3,710$3,354$3,028$2,731$2,462$1,649
11 years$3,339$2,986$2,666$2,377$2,117$1,352
12 years$3,029$2,680$2,366$2,085$1,835$1,116
13 years$2,768$2,422$2,114$1,841$1,600$926
14 years$2,543$2,201$1,899$1,634$1,402$771
15 years$2,349$2,011$1,715$1,457$1,235$645
16 years$2,180$1,845$1,555$1,305$1,091$540
17 years$2,030$1,699$1,415$1,172$968$454
18 years$1,897$1,570$1,291$1,057$860$382
19 years$1,779$1,455$1,182$955$767$322
20 years$1,672$1,352$1,085$865$685$272
21 years$1,576$1,260$998$785$613$230
22 years$1,488$1,176$920$714$549$195
23 years$1,409$1,100$849$650$493$165
24 years$1,336$1,030$785$593$443$140
25 years$1,268$967$727$541$399$118
26 years$1,207$909$675$495$359$100
27 years$1,150$855$627$453$324$85
28 years$1,097$806$582$415$292$72
29 years$1,047$760$542$381$264$61
30 years$1,001$718$505$349$239$52
31 years$959$679$471$321$216$44
32 years$919$642$439$295$195$38
33 years$881$608$410$271$177$32
34 years$846$576$383$249$160$27
35 years$813$547$358$230$145$23
36 years$781$519$335$211$131$20
37 years$752$493$314$195$119$17
38 years$724$468$294$180$108$14
39 years$698$445$275$166$98$12
40 years$673$424$258$153$89$10
41 years$649$403$242$141$80$9
42 years$626$384$227$130$73$7
43 years$605$366$213$120$66$6
44 years$585$349$200$111$60$5
45 years$565$333$188$102$55$5
46 years$547$317$176$95$50$4
47 years$529$303$166$87$45$3
48 years$512$289$156$81$41$3
49 years$496$276$146$75$37$2
50 years$480$264$137$69$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $492,000, adding $4,670 every year, while hoping to spend $20,360 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: 59/29/12 Blend
60$492,000$492,000$492,000$492,000
61$547,001$520,925$513,299$577,401
62$581,132$524,788$508,832$602,290
63$618,063$528,157$503,532$626,723
64$658,056$530,987$497,352$652,875
65$701,402$533,231$490,238$680,915
66$748,421$534,835$482,136$711,028
67$799,464$535,745$472,991$743,418
68$854,915$535,903$462,743$778,311
69$915,201$535,247$451,330$815,957
70$980,789$533,711$438,686$856,632
71$1,052,191$531,225$424,744$900,640
72$1,129,975$527,715$409,433$948,318
73$1,214,762$523,103$392,679$1,000,036
74$1,307,238$517,305$374,403$1,056,207
75$1,408,156$510,232$354,526$1,117,283
76$1,518,346$501,792$332,961$1,183,764
77$1,638,722$491,885$309,620$1,256,205
78$1,770,291$480,406$284,411$1,335,215
79$1,914,158$467,244$257,236$1,421,468
80$2,071,544$452,280$227,995$1,515,709
81$2,243,790$435,391$196,582$1,618,760
82$2,432,376$416,444$162,887$1,731,528
83$2,638,928$395,300$126,794$1,855,015
84$2,865,240$371,811$88,182$1,990,327
85$3,113,286$345,821$46,928$2,138,685
86$3,385,240$317,165$2,898$2,301,435
87$3,683,496$285,668$0$2,480,065
88$4,010,693$251,146$0$2,681,861
89$4,369,736$213,404$0$2,903,752
90$4,763,825$172,237$0$3,147,385
91$5,196,485$127,426$0$3,414,986
92$5,671,598$78,742$0$3,709,009
93$6,193,443$25,942$0$4,032,160
94$6,766,731$0$0$4,387,427
95$7,396,654$0$0$4,788,068
96$8,088,930$0$0$5,237,508
97$8,849,859$0$0$5,731,564
98$9,686,383$0$0$6,274,748
99$10,606,148$0$0$6,872,031
100$11,617,579$0$0$7,528,892