Can I retire at age 61 with 433,000?

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 $433,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$35,757$35,438$35,127$34,824$34,528$33,476
2 years$17,701$17,372$17,052$16,742$16,442$15,391
3 years$11,684$11,353$11,034$10,727$10,431$9,415
4 years$8,675$8,345$8,030$7,728$7,440$6,465
5 years$6,871$6,543$6,231$5,936$5,656$4,726
6 years$5,668$5,343$5,036$4,747$4,475$3,590
7 years$4,810$4,487$4,185$3,903$3,639$2,800
8 years$4,166$3,846$3,549$3,274$3,019$2,225
9 years$3,666$3,349$3,057$2,789$2,543$1,792
10 years$3,266$2,952$2,665$2,404$2,166$1,459
11 years$2,938$2,628$2,346$2,092$1,863$1,197
12 years$2,666$2,358$2,082$1,835$1,615$989
13 years$2,436$2,131$1,860$1,620$1,408$821
14 years$2,238$1,937$1,672$1,438$1,234$684
15 years$2,068$1,770$1,509$1,283$1,087$572
16 years$1,918$1,624$1,368$1,148$960$480
17 years$1,787$1,495$1,245$1,032$852$404
18 years$1,670$1,382$1,137$930$757$340
19 years$1,565$1,281$1,041$840$675$287
20 years$1,472$1,190$955$761$603$242
21 years$1,387$1,109$878$691$539$205
22 years$1,310$1,035$810$628$484$174
23 years$1,240$968$747$572$434$147
24 years$1,175$907$691$522$390$125
25 years$1,116$851$640$476$351$106
26 years$1,062$800$594$436$316$90
27 years$1,012$753$551$399$285$76
28 years$965$709$513$365$257$65
29 years$922$669$477$335$232$55
30 years$881$632$444$307$210$47
31 years$844$597$414$282$190$40
32 years$808$565$386$259$172$34
33 years$775$535$361$239$155$29
34 years$744$507$337$220$141$24
35 years$715$481$315$202$127$21
36 years$688$457$295$186$115$18
37 years$662$434$276$171$105$15
38 years$637$412$258$158$95$13
39 years$614$392$242$146$86$11
40 years$592$373$227$134$78$9
41 years$571$355$213$124$71$8
42 years$551$338$200$114$64$7
43 years$532$322$187$106$58$6
44 years$514$307$176$98$53$5
45 years$497$293$165$90$48$4
46 years$481$279$155$83$44$4
47 years$465$267$146$77$40$3
48 years$451$254$137$71$36$3
49 years$436$243$129$66$33$2
50 years$423$232$121$61$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $433,000, adding $4,728 every year, while hoping to spend $38,227 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: 35/45/20 Blend
60$433,000$433,000$433,000$433,000
61$482,043$459,094$452,382$495,832
62$490,538$440,916$426,864$488,189
63$498,619$420,567$399,210$476,066
64$506,202$397,899$369,307$462,195
65$513,195$372,756$337,040$446,442
66$519,496$344,976$302,285$428,665
67$524,988$314,384$264,916$408,712
68$529,545$280,797$224,799$386,419
69$533,024$244,021$181,794$361,611
70$535,265$203,851$135,757$334,100
71$536,093$160,071$86,536$303,685
72$535,312$112,452$33,973$270,149
73$532,704$60,752$0$233,261
74$528,028$4,717$0$197,493
75$521,016$0$0$165,899
76$511,372$0$0$158,665
77$498,766$0$0$152,588
78$482,833$0$0$145,190
79$463,172$0$0$136,314
80$439,334$0$0$125,786
81$410,826$0$0$113,415
82$377,100$0$0$98,988
83$337,553$0$0$82,271
84$291,513$0$0$63,004
85$238,243$0$0$40,901
86$176,925$0$0$15,644
87$106,655$0$0$0
88$26,436$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0