Can I retire at age 61 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$38,069$37,730$37,399$37,076$36,761$36,438
2 years$18,846$18,495$18,155$17,825$17,505$17,179
3 years$12,439$12,087$11,747$11,421$11,106$10,788
4 years$9,236$8,885$8,549$8,228$7,921$7,613
5 years$7,315$6,966$6,634$6,320$6,021$5,724
6 years$6,035$5,688$5,362$5,054$4,764$4,479
7 years$5,121$4,777$4,456$4,155$3,875$3,601
8 years$4,435$4,095$3,779$3,486$3,215$2,952
9 years$3,903$3,565$3,255$2,969$2,707$2,456
10 years$3,477$3,143$2,837$2,559$2,307$2,066
11 years$3,128$2,798$2,498$2,227$1,984$1,755
12 years$2,838$2,511$2,217$1,954$1,719$1,501
13 years$2,593$2,269$1,981$1,725$1,499$1,291
14 years$2,383$2,063$1,780$1,531$1,314$1,117
15 years$2,201$1,884$1,607$1,365$1,157$970
16 years$2,042$1,729$1,457$1,223$1,023$845
17 years$1,902$1,592$1,326$1,099$907$738
18 years$1,778$1,471$1,210$990$806$647
19 years$1,667$1,364$1,108$895$719$568
20 years$1,567$1,267$1,017$810$642$500
21 years$1,476$1,180$935$735$574$441
22 years$1,395$1,102$862$669$515$389
23 years$1,320$1,030$796$609$462$344
24 years$1,251$965$736$555$415$304
25 years$1,189$906$682$507$374$269
26 years$1,131$851$632$464$337$238
27 years$1,077$801$587$424$304$212
28 years$1,027$755$546$389$274$188
29 years$981$712$508$357$247$167
30 years$938$673$473$327$223$148
31 years$898$636$441$301$202$132
32 years$861$602$411$276$183$117
33 years$826$570$384$254$165$104
34 years$793$540$359$234$150$93
35 years$761$512$336$215$136$82
36 years$732$486$314$198$123$73
37 years$705$462$294$183$111$65
38 years$678$439$275$168$101$58
39 years$654$417$258$155$92$52
40 years$630$397$242$143$83$46
41 years$608$378$227$132$75$41
42 years$587$360$213$122$68$37
43 years$567$343$199$112$62$33
44 years$548$327$187$104$56$29
45 years$530$312$176$96$51$26
46 years$512$297$165$89$46$23
47 years$496$284$155$82$42$21
48 years$480$271$146$76$38$18
49 years$465$259$137$70$35$16
50 years$450$247$129$65$32$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $461,000, adding $5,703 every year, while hoping to spend $23,277 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: 70/17/13 Blend
60$461,000$461,000$461,000$461,000
61$513,905$489,472$482,326$548,022
62$541,556$488,689$473,718$570,633
63$571,248$487,088$464,040$592,018
64$603,164$484,604$453,234$614,811
65$637,506$481,168$441,236$639,146
66$674,494$476,708$427,980$665,174
67$714,371$471,146$413,396$693,059
68$757,405$464,400$397,413$722,981
69$803,889$456,384$379,955$755,143
70$854,144$447,006$360,943$789,765
71$908,526$436,168$340,293$827,092
72$967,424$423,769$317,921$867,395
73$1,031,265$409,697$293,736$910,973
74$1,100,521$393,839$267,642$958,156
75$1,175,709$376,072$239,543$1,009,307
76$1,257,399$356,267$209,335$1,064,831
77$1,346,216$334,287$176,911$1,125,170
78$1,442,851$309,988$142,158$1,190,816
79$1,548,061$283,217$104,960$1,262,311
80$1,662,681$253,812$65,194$1,340,253
81$1,787,629$221,603$22,732$1,425,303
82$1,923,915$186,409$0$1,518,192
83$2,072,651$148,040$0$1,622,855
84$2,235,063$106,295$0$1,740,620
85$2,412,496$60,961$0$1,869,330
86$2,606,436$11,813$0$2,010,091
87$2,818,516$0$0$2,164,120
88$3,050,533$0$0$2,340,501
89$3,304,470$0$0$2,535,988
90$3,582,505$0$0$2,750,052
91$3,887,040$0$0$2,984,546
92$4,220,721$0$0$3,241,509
93$4,586,459$0$0$3,523,187
94$4,987,462$0$0$3,832,054
95$5,427,262$0$0$4,170,835
96$5,909,751$0$0$4,542,530
97$6,439,215$0$0$4,950,447
98$7,020,373$0$0$5,398,224
99$7,658,428$0$0$5,889,875
100$8,359,106$0$0$6,429,816