Can I retire at age 61 with 469,000?

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 $469,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$38,730$38,385$38,048$37,720$37,399$36,734
2 years$19,173$18,816$18,470$18,134$17,809$17,141
3 years$12,655$12,296$11,951$11,619$11,299$10,649
4 years$9,397$9,039$8,697$8,371$8,058$7,432
5 years$7,442$7,087$6,750$6,430$6,126$5,524
6 years$6,140$5,787$5,455$5,142$4,847$4,271
7 years$5,210$4,860$4,533$4,227$3,942$3,392
8 years$4,512$4,166$3,844$3,546$3,270$2,746
9 years$3,970$3,627$3,311$3,021$2,754$2,255
10 years$3,537$3,197$2,887$2,604$2,347$1,872
11 years$3,183$2,846$2,541$2,266$2,018$1,568
12 years$2,888$2,555$2,255$1,988$1,749$1,322
13 years$2,638$2,309$2,015$1,755$1,525$1,122
14 years$2,425$2,098$1,811$1,558$1,337$956
15 years$2,240$1,917$1,635$1,389$1,177$818
16 years$2,078$1,759$1,482$1,244$1,040$702
17 years$1,935$1,620$1,349$1,118$922$604
18 years$1,809$1,497$1,231$1,007$820$521
19 years$1,696$1,387$1,127$910$731$450
20 years$1,594$1,289$1,034$824$653$390
21 years$1,502$1,201$951$748$584$338
22 years$1,419$1,121$877$680$524$293
23 years$1,343$1,048$810$619$470$255
24 years$1,273$982$749$565$423$221
25 years$1,209$922$693$516$380$193
26 years$1,150$866$643$472$343$168
27 years$1,096$815$597$432$309$146
28 years$1,045$768$555$396$279$128
29 years$998$725$517$363$252$111
30 years$955$684$481$333$227$97
31 years$914$647$449$306$206$85
32 years$876$612$419$281$186$74
33 years$840$580$391$258$168$65
34 years$806$549$365$238$152$56
35 years$775$521$341$219$138$49
36 years$745$495$319$202$125$43
37 years$717$470$299$186$113$38
38 years$690$446$280$171$103$33
39 years$665$425$262$158$93$29
40 years$641$404$246$146$84$25
41 years$619$385$231$134$77$22
42 years$597$366$216$124$70$19
43 years$577$349$203$114$63$17
44 years$557$333$190$106$57$15
45 years$539$317$179$98$52$13
46 years$521$303$168$90$47$11
47 years$504$289$158$83$43$10
48 years$488$276$148$77$39$9
49 years$473$263$139$71$35$8
50 years$458$251$131$66$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $469,000, adding $5,197 every year, while hoping to spend $22,664 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: 27/45/28 Blend
60$469,000$469,000$469,000$469,000
61$522,199$497,342$490,072$531,646
62$551,349$497,597$482,375$539,951
63$582,712$497,105$473,661$546,574
64$616,491$495,806$463,871$553,224
65$652,908$493,635$452,945$559,921
66$692,205$490,524$440,820$566,685
67$734,651$486,400$427,428$573,543
68$780,539$481,188$412,700$580,526
69$830,193$474,805$396,564$587,672
70$883,967$467,165$378,944$595,022
71$942,254$458,178$359,761$602,628
72$1,005,481$447,746$338,930$610,548
73$1,074,121$435,767$316,365$618,848
74$1,148,695$422,132$291,977$627,606
75$1,229,773$406,728$265,669$636,910
76$1,317,984$389,431$237,343$646,862
77$1,414,020$370,115$206,896$657,576
78$1,518,642$348,643$174,219$669,185
79$1,632,687$324,871$139,199$681,836
80$1,757,079$298,647$101,720$695,698
81$1,892,831$269,810$61,657$710,963
82$2,041,060$238,192$18,884$727,844
83$2,202,997$203,611$0$746,585
84$2,379,993$165,879$0$775,454
85$2,573,541$124,796$0$813,303
86$2,785,281$80,149$0$854,871
87$3,017,018$31,716$0$900,591
88$3,270,744$0$0$950,942
89$3,548,649$0$0$1,016,730
90$3,853,145$0$0$1,106,097
91$4,186,889$0$0$1,204,127
92$4,552,808$0$0$1,311,691
93$4,954,124$0$0$1,429,746
94$5,394,389$0$0$1,559,347
95$5,877,510$0$0$1,701,655
96$6,407,797$0$0$1,857,952
97$6,989,992$0$0$2,029,647
98$7,629,322$0$0$2,218,293
99$8,331,544$0$0$2,425,602
100$9,103,000$0$0$2,653,460