Can I retire at age 61 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$39,473$39,121$38,778$38,443$38,116$37,750
2 years$19,541$19,177$18,824$18,482$18,151$17,781
3 years$12,898$12,532$12,181$11,842$11,516$11,155
4 years$9,577$9,213$8,864$8,531$8,213$7,864
5 years$7,585$7,223$6,879$6,553$6,243$5,907
6 years$6,257$5,898$5,559$5,240$4,940$4,617
7 years$5,310$4,953$4,620$4,308$4,018$3,707
8 years$4,599$4,246$3,918$3,614$3,333$3,036
9 years$4,047$3,697$3,375$3,079$2,807$2,523
10 years$3,605$3,258$2,942$2,654$2,392$2,120
11 years$3,244$2,901$2,590$2,310$2,057$1,798
12 years$2,943$2,604$2,299$2,026$1,782$1,536
13 years$2,689$2,353$2,054$1,788$1,554$1,320
14 years$2,471$2,139$1,845$1,588$1,363$1,140
15 years$2,283$1,954$1,666$1,416$1,200$988
16 years$2,118$1,793$1,510$1,268$1,060$860
17 years$1,972$1,651$1,374$1,139$940$751
18 years$1,843$1,525$1,255$1,027$836$657
19 years$1,728$1,414$1,149$928$745$576
20 years$1,625$1,314$1,054$840$665$506
21 years$1,531$1,224$970$762$596$445
22 years$1,446$1,142$894$693$534$392
23 years$1,368$1,068$825$631$479$346
24 years$1,298$1,001$763$576$431$306
25 years$1,232$939$707$526$388$270
26 years$1,172$883$656$481$349$239
27 years$1,117$831$609$440$315$212
28 years$1,065$783$566$403$284$188
29 years$1,018$739$527$370$256$166
30 years$973$698$491$339$232$148
31 years$931$659$457$312$209$131
32 years$893$624$427$286$190$116
33 years$856$591$398$263$172$103
34 years$822$560$372$242$155$92
35 years$790$531$348$223$141$81
36 years$759$504$326$205$127$72
37 years$731$479$305$189$115$64
38 years$703$455$285$174$105$57
39 years$678$433$267$161$95$51
40 years$654$412$251$148$86$45
41 years$630$392$235$137$78$40
42 years$609$373$220$126$71$36
43 years$588$356$207$117$64$32
44 years$568$339$194$108$58$28
45 years$549$323$182$99$53$25
46 years$531$308$171$92$48$22
47 years$514$294$161$85$44$20
48 years$497$281$151$78$40$18
49 years$482$268$142$72$36$16
50 years$467$256$134$67$33$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $478,000, adding $6,268 every year, while hoping to spend $26,181 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: 34/47/19 Blend
60$478,000$478,000$478,000$478,000
61$533,221$507,887$500,478$548,053
62$559,754$504,918$489,388$556,552
63$588,115$500,925$477,049$562,842
64$618,463$495,831$463,391$569,078
65$650,974$489,554$448,342$575,269
66$685,838$482,007$431,826$581,430
67$723,264$473,096$413,763$587,576
68$763,483$462,724$394,070$593,730
69$806,748$450,787$372,661$599,919
70$853,336$437,175$349,444$606,174
71$903,550$421,771$324,325$612,534
72$957,727$404,452$297,205$619,043
73$1,016,233$385,088$267,979$625,755
74$1,079,473$363,541$236,540$632,732
75$1,147,890$339,665$202,775$640,046
76$1,221,972$313,307$166,565$647,781
77$1,302,256$284,301$127,788$656,034
78$1,389,332$252,478$86,315$664,915
79$1,483,848$217,654$42,011$674,552
80$1,586,518$179,636$0$685,089
81$1,698,128$138,223$0$697,759
82$1,819,539$93,198$0$720,842
83$1,951,703$44,336$0$746,055
84$2,095,664$0$0$773,671
85$2,252,574$0$0$808,446
86$2,423,697$0$0$871,443
87$2,610,428$0$0$940,252
88$2,814,301$0$0$1,015,448
89$3,037,003$0$0$1,097,661
90$3,280,393$0$0$1,187,586
91$3,546,518$0$0$1,285,991
92$3,837,631$0$0$1,393,716
93$4,156,212$0$0$1,511,691
94$4,504,994$0$0$1,640,937
95$4,886,984$0$0$1,782,581
96$5,305,496$0$0$1,937,862
97$5,764,176$0$0$2,108,145
98$6,267,044$0$0$2,294,935
99$6,818,525$0$0$2,499,888
100$7,423,492$0$0$2,724,829