Can I retire at age 61 with 236,000?

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 $236,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$19,489$19,315$19,146$18,980$18,819$18,187
2 years$9,648$9,468$9,294$9,125$8,961$8,331
3 years$6,368$6,188$6,014$5,847$5,685$5,077
4 years$4,728$4,549$4,377$4,212$4,055$3,472
5 years$3,745$3,566$3,396$3,235$3,083$2,527
6 years$3,089$2,912$2,745$2,587$2,439$1,912
7 years$2,621$2,445$2,281$2,127$1,984$1,484
8 years$2,271$2,096$1,934$1,784$1,646$1,174
9 years$1,998$1,825$1,666$1,520$1,386$941
10 years$1,780$1,609$1,453$1,310$1,181$762
11 years$1,602$1,432$1,279$1,140$1,016$622
12 years$1,453$1,285$1,135$1,000$880$511
13 years$1,328$1,162$1,014$883$767$422
14 years$1,220$1,056$911$784$673$350
15 years$1,127$965$823$699$592$291
16 years$1,046$885$746$626$523$243
17 years$974$815$679$562$464$203
18 years$910$753$619$507$413$170
19 years$853$698$567$458$368$142
20 years$802$649$520$415$329$120
21 years$756$604$479$376$294$101
22 years$714$564$441$342$264$85
23 years$676$527$407$312$237$71
24 years$641$494$377$284$213$60
25 years$608$464$349$260$191$51
26 years$579$436$324$237$172$43
27 years$551$410$301$217$155$36
28 years$526$387$279$199$140$30
29 years$502$365$260$183$127$26
30 years$480$344$242$168$114$22
31 years$460$326$226$154$103$18
32 years$441$308$211$141$94$15
33 years$423$292$197$130$85$13
34 years$406$276$184$120$77$11
35 years$390$262$172$110$69$9
36 years$375$249$161$101$63$8
37 years$361$236$150$93$57$7
38 years$347$225$141$86$52$6
39 years$335$214$132$79$47$5
40 years$323$203$124$73$43$4
41 years$311$193$116$68$39$3
42 years$300$184$109$62$35$3
43 years$290$176$102$58$32$2
44 years$280$167$96$53$29$2
45 years$271$160$90$49$26$2
46 years$262$152$85$45$24$1
47 years$254$145$79$42$22$1
48 years$246$139$75$39$20$1
49 years$238$132$70$36$18$1
50 years$230$127$66$33$16$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $236,000, adding $4,939 every year, while hoping to spend $20,078 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: 78/15/7 Blend
60$236,000$236,000$236,000$236,000
61$265,167$252,659$249,001$285,242
62$270,851$243,676$235,979$290,134
63$276,442$233,580$221,849$292,389
64$281,909$222,296$206,551$294,268
65$287,218$209,743$190,024$295,724
66$292,330$195,835$172,206$296,706
67$297,201$180,485$153,028$297,159
68$301,783$163,597$132,423$297,020
69$306,023$145,071$110,316$296,222
70$309,858$124,800$86,633$294,690
71$313,223$102,674$61,294$292,344
72$316,041$78,575$34,217$289,095
73$318,228$52,377$5,315$284,844
74$319,693$23,948$0$279,485
75$320,330$0$0$274,806
76$320,026$0$0$270,450
77$318,651$0$0$269,123
78$316,065$0$0$266,749
79$312,110$0$0$263,194
80$306,611$0$0$258,307
81$299,375$0$0$251,923
82$290,188$0$0$243,856
83$278,813$0$0$233,902
84$264,987$0$0$221,836
85$248,419$0$0$207,408
86$228,788$0$0$190,342
87$205,738$0$0$170,330
88$178,876$0$0$147,035
89$147,767$0$0$120,083
90$111,930$0$0$89,060
91$70,833$0$0$53,511
92$23,891$0$0$12,929
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0