Can I retire at age 61 with 465,000?

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 $465,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$38,399$38,057$37,724$37,398$37,080$36,272
2 years$19,010$18,656$18,312$17,980$17,657$16,847
3 years$12,547$12,192$11,849$11,520$11,202$10,416
4 years$9,317$8,962$8,623$8,299$7,990$7,232
5 years$7,379$7,026$6,692$6,375$6,074$5,348
6 years$6,087$5,738$5,408$5,098$4,806$4,112
7 years$5,165$4,818$4,494$4,191$3,908$3,247
8 years$4,474$4,130$3,811$3,516$3,242$2,613
9 years$3,937$3,596$3,283$2,995$2,731$2,133
10 years$3,507$3,170$2,862$2,582$2,327$1,760
11 years$3,156$2,822$2,520$2,247$2,001$1,465
12 years$2,863$2,533$2,236$1,971$1,734$1,228
13 years$2,616$2,289$1,998$1,740$1,512$1,034
14 years$2,404$2,081$1,795$1,544$1,325$876
15 years$2,220$1,901$1,621$1,377$1,167$744
16 years$2,060$1,744$1,469$1,233$1,031$634
17 years$1,919$1,606$1,337$1,108$915$541
18 years$1,793$1,484$1,221$999$813$464
19 years$1,681$1,375$1,117$902$725$398
20 years$1,580$1,278$1,025$817$647$342
21 years$1,489$1,190$943$742$579$294
22 years$1,407$1,111$869$674$519$253
23 years$1,331$1,039$803$614$466$218
24 years$1,262$974$742$560$419$188
25 years$1,199$914$688$512$377$163
26 years$1,140$859$638$468$340$140
27 years$1,086$808$592$428$306$121
28 years$1,036$762$550$392$276$105
29 years$990$719$512$360$249$91
30 years$947$679$477$330$225$79
31 years$906$641$445$303$204$68
32 years$868$607$415$279$184$59
33 years$833$575$388$256$167$51
34 years$799$545$362$236$151$44
35 years$768$517$339$217$137$38
36 years$739$490$317$200$124$33
37 years$711$466$296$184$112$29
38 years$684$443$278$170$102$25
39 years$659$421$260$157$92$22
40 years$636$400$244$144$84$19
41 years$613$381$229$133$76$16
42 years$592$363$214$123$69$14
43 years$572$346$201$113$63$12
44 years$552$330$189$105$57$11
45 years$534$314$177$97$52$9
46 years$517$300$167$89$47$8
47 years$500$286$156$83$43$7
48 years$484$273$147$76$39$6
49 years$469$261$138$71$35$5
50 years$454$249$130$65$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $465,000, adding $5,878 every year, while hoping to spend $37,989 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: 59/28/13 Blend
60$465,000$465,000$465,000$465,000
61$518,493$493,848$486,641$547,075
62$530,959$477,627$462,523$550,813
63$543,424$459,337$436,324$550,125
64$555,847$438,838$407,935$548,470
65$568,182$415,980$377,239$545,758
66$580,378$390,604$344,118$541,893
67$592,376$362,544$308,446$536,772
68$604,112$331,622$270,092$530,284
69$615,511$297,651$228,920$522,305
70$626,490$260,433$184,786$512,707
71$636,958$219,760$137,542$501,346
72$646,810$175,411$87,032$488,071
73$655,932$127,152$33,094$472,716
74$664,192$74,738$0$455,102
75$671,448$17,909$0$438,429
76$677,538$0$0$424,212
77$682,284$0$0$421,092
78$685,487$0$0$422,465
79$686,925$0$0$422,669
80$686,353$0$0$421,542
81$683,497$0$0$418,907
82$678,055$0$0$414,566
83$669,690$0$0$408,299
84$658,030$0$0$399,863
85$642,662$0$0$388,990
86$623,127$0$0$375,380
87$598,920$0$0$358,703
88$569,479$0$0$338,594
89$534,183$0$0$314,648
90$492,346$0$0$286,417
91$443,207$0$0$253,407
92$385,926$0$0$215,069
93$319,574$0$0$170,799
94$243,124$0$0$119,928
95$155,441$0$0$61,716
96$55,272$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0