Can I retire at age 61 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$37,161$36,830$36,507$36,191$35,884$34,847
2 years$18,396$18,054$17,722$17,400$17,087$16,051
3 years$12,142$11,798$11,467$11,148$10,841$9,837
4 years$9,016$8,673$8,345$8,032$7,732$6,769
5 years$7,141$6,800$6,476$6,169$5,878$4,958
6 years$5,891$5,552$5,234$4,933$4,651$3,775
7 years$4,999$4,663$4,349$4,056$3,782$2,951
8 years$4,330$3,997$3,688$3,403$3,138$2,350
9 years$3,810$3,480$3,177$2,898$2,642$1,898
10 years$3,394$3,068$2,770$2,498$2,252$1,549
11 years$3,054$2,731$2,438$2,174$1,936$1,274
12 years$2,771$2,451$2,164$1,907$1,678$1,055
13 years$2,531$2,215$1,933$1,684$1,463$878
14 years$2,326$2,013$1,737$1,495$1,283$734
15 years$2,149$1,839$1,568$1,333$1,129$616
16 years$1,994$1,688$1,422$1,193$998$518
17 years$1,857$1,554$1,294$1,072$885$437
18 years$1,735$1,436$1,181$966$787$369
19 years$1,627$1,331$1,081$873$701$312
20 years$1,529$1,237$992$791$627$265
21 years$1,441$1,152$913$718$561$225
22 years$1,361$1,075$841$653$503$191
23 years$1,288$1,006$777$594$451$162
24 years$1,222$942$718$542$405$138
25 years$1,160$884$665$495$365$117
26 years$1,104$831$617$453$329$100
27 years$1,051$782$573$414$296$85
28 years$1,003$737$533$380$267$73
29 years$958$695$496$348$241$62
30 years$916$657$462$319$218$53
31 years$877$621$430$293$197$45
32 years$840$587$402$270$178$38
33 years$806$556$375$248$161$33
34 years$774$527$350$228$146$28
35 years$743$500$328$210$132$24
36 years$715$475$306$193$120$20
37 years$688$451$287$178$109$17
38 years$662$428$269$164$99$15
39 years$638$407$252$151$89$13
40 years$615$388$236$140$81$11
41 years$594$369$221$129$74$9
42 years$573$351$207$119$67$8
43 years$553$335$195$110$61$7
44 years$535$319$183$101$55$6
45 years$517$304$172$94$50$5
46 years$500$290$161$86$45$4
47 years$484$277$151$80$41$4
48 years$468$264$142$74$37$3
49 years$454$253$134$68$34$3
50 years$439$241$126$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $450,000, adding $6,987 every year, while hoping to spend $27,220 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: 58/27/15 Blend
60$450,000$450,000$450,000$450,000
61$503,107$479,257$472,282$529,964
62$525,462$473,779$459,142$543,463
63$549,185$467,120$444,649$554,564
64$574,387$459,193$428,729$566,032
65$601,188$449,908$411,306$577,906
66$629,722$439,166$392,297$590,233
67$660,134$426,866$371,619$603,061
68$692,583$412,897$349,183$616,449
69$727,242$397,145$324,897$630,460
70$764,303$379,487$298,663$645,168
71$803,975$359,795$270,382$660,653
72$846,488$337,932$239,947$677,009
73$892,092$313,754$207,248$694,337
74$941,066$287,108$172,171$712,753
75$993,711$257,832$134,595$732,387
76$1,050,360$225,757$94,394$753,384
77$1,111,379$190,702$51,439$775,906
78$1,177,170$152,476$5,592$800,135
79$1,248,173$110,879$0$826,274
80$1,324,872$65,697$0$861,484
81$1,407,800$16,708$0$900,490
82$1,497,543$0$0$942,701
83$1,594,742$0$0$999,251
84$1,700,107$0$0$1,065,964
85$1,814,413$0$0$1,138,373
86$1,938,518$0$0$1,217,024
87$2,073,360$0$0$1,302,517
88$2,219,975$0$0$1,395,513
89$2,379,502$0$0$1,496,738
90$2,553,193$0$0$1,606,994
91$2,742,426$0$0$1,727,160
92$2,948,718$0$0$1,858,204
93$3,173,739$0$0$2,001,194
94$3,419,326$0$0$2,157,303
95$3,687,502$0$0$2,327,822
96$3,980,493$0$0$2,514,174
97$4,300,750$0$0$2,717,924
98$4,650,972$0$0$2,940,797
99$5,034,131$0$0$3,184,692
100$5,453,497$0$0$3,451,697