Can I retire at age 61 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$37,656$37,321$36,993$36,674$36,362$34,933
2 years$18,642$18,294$17,958$17,632$17,315$15,893
3 years$12,304$11,956$11,620$11,297$10,986$9,615
4 years$9,136$8,789$8,456$8,139$7,835$6,526
5 years$7,236$6,890$6,562$6,251$5,956$4,713
6 years$5,969$5,627$5,303$4,999$4,713$3,536
7 years$5,065$4,725$4,407$4,110$3,833$2,721
8 years$4,387$4,050$3,738$3,448$3,180$2,133
9 years$3,860$3,527$3,219$2,937$2,678$1,694
10 years$3,439$3,108$2,807$2,532$2,282$1,359
11 years$3,094$2,767$2,471$2,203$1,962$1,099
12 years$2,808$2,484$2,193$1,933$1,700$894
13 years$2,565$2,245$1,959$1,706$1,483$730
14 years$2,357$2,040$1,760$1,515$1,300$599
15 years$2,177$1,864$1,589$1,351$1,144$493
16 years$2,020$1,710$1,441$1,209$1,011$407
17 years$1,882$1,575$1,311$1,087$897$336
18 years$1,759$1,455$1,197$979$797$278
19 years$1,649$1,349$1,096$885$711$231
20 years$1,550$1,253$1,006$801$635$192
21 years$1,460$1,167$925$727$568$159
22 years$1,379$1,090$853$661$509$132
23 years$1,305$1,019$787$602$457$110
24 years$1,238$955$728$549$411$92
25 years$1,176$896$674$502$370$76
26 years$1,118$842$625$459$333$64
27 years$1,065$793$581$420$300$53
28 years$1,016$747$540$385$271$44
29 years$971$705$502$353$245$37
30 years$928$665$468$324$221$31
31 years$889$629$436$297$200$26
32 years$851$595$407$273$181$21
33 years$817$564$380$251$164$18
34 years$784$534$355$231$148$15
35 years$753$507$332$213$134$12
36 years$724$481$311$196$122$10
37 years$697$457$291$181$110$9
38 years$671$434$272$166$100$7
39 years$647$413$255$153$91$6
40 years$623$393$239$142$82$5
41 years$601$374$224$131$75$4
42 years$581$356$210$121$68$4
43 years$561$339$197$111$61$3
44 years$542$323$185$103$56$2
45 years$524$308$174$95$51$2
46 years$507$294$163$88$46$2
47 years$490$281$153$81$42$1
48 years$475$268$144$75$38$1
49 years$460$256$136$69$34$1
50 years$445$244$127$64$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $456,000, adding $4,893 every year, while hoping to spend $31,172 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: 33/45/22 Blend
60$456,000$456,000$456,000$456,000
61$507,559$483,391$476,323$520,747
62$526,163$473,911$459,113$521,535
63$545,621$462,921$440,282$519,207
64$565,985$450,315$419,742$516,060
65$587,314$435,979$397,403$512,040
66$609,673$419,795$373,168$507,094
67$633,129$401,635$346,939$501,162
68$657,758$381,364$318,612$494,186
69$683,641$358,843$288,077$486,104
70$710,866$333,919$255,220$476,851
71$739,529$306,436$219,925$466,360
72$769,734$276,224$182,065$454,562
73$801,595$243,108$141,513$441,386
74$835,237$206,899$98,133$426,757
75$870,795$167,401$51,784$410,600
76$908,415$124,403$2,318$392,836
77$948,261$77,686$0$373,384
78$990,506$27,016$0$364,010
79$1,035,345$0$0$354,134
80$1,082,988$0$0$356,955
81$1,133,664$0$0$374,222
82$1,187,626$0$0$392,648
83$1,245,149$0$0$412,330
84$1,306,536$0$0$433,379
85$1,372,117$0$0$455,913
86$1,442,255$0$0$480,063
87$1,517,348$0$0$505,972
88$1,597,833$0$0$533,797
89$1,684,186$0$0$563,711
90$1,776,934$0$0$595,904
91$1,876,653$0$0$630,583
92$1,983,974$0$0$667,978
93$2,099,594$0$0$708,338
94$2,224,274$0$0$751,941
95$2,358,853$0$0$799,088
96$2,504,251$0$0$850,114
97$2,661,481$0$0$905,384
98$2,831,656$0$0$965,301
99$3,015,997$0$0$1,030,308
100$3,215,850$0$0$1,100,892