Can I retire at age 61 with 315,000?

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 $315,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$26,012$25,781$25,555$25,334$25,119$24,208
2 years$12,877$12,638$12,405$12,180$11,961$11,054
3 years$8,500$8,259$8,027$7,804$7,589$6,713
4 years$6,311$6,071$5,842$5,622$5,412$4,575
5 years$4,999$4,760$4,533$4,318$4,114$3,318
6 years$4,124$3,887$3,664$3,453$3,256$2,500
7 years$3,499$3,264$3,044$2,839$2,648$1,933
8 years$3,031$2,798$2,582$2,382$2,196$1,522
9 years$2,667$2,436$2,224$2,029$1,850$1,215
10 years$2,376$2,147$1,939$1,749$1,576$980
11 years$2,138$1,912$1,707$1,522$1,355$796
12 years$1,939$1,716$1,515$1,335$1,175$651
13 years$1,772$1,551$1,353$1,179$1,024$535
14 years$1,628$1,409$1,216$1,046$898$441
15 years$1,504$1,288$1,098$933$791$365
16 years$1,396$1,181$995$835$699$303
17 years$1,300$1,088$906$751$620$252
18 years$1,215$1,005$827$676$551$210
19 years$1,139$932$757$611$491$175
20 years$1,071$866$695$554$439$146
21 years$1,009$806$639$502$392$122
22 years$953$753$589$457$352$102
23 years$902$704$544$416$316$86
24 years$855$660$503$379$284$72
25 years$812$619$466$347$255$60
26 years$773$582$432$317$230$50
27 years$736$548$401$290$207$42
28 years$702$516$373$266$187$36
29 years$671$487$347$244$169$30
30 years$641$460$323$224$153$25
31 years$614$435$301$205$138$21
32 years$588$411$281$189$125$18
33 years$564$389$263$174$113$15
34 years$542$369$245$160$102$12
35 years$520$350$229$147$93$10
36 years$500$332$215$135$84$9
37 years$481$316$201$125$76$7
38 years$464$300$188$115$69$6
39 years$447$285$176$106$63$5
40 years$431$271$165$98$57$4
41 years$415$258$155$90$51$4
42 years$401$246$145$83$47$3
43 years$387$234$136$77$42$3
44 years$374$223$128$71$38$2
45 years$362$213$120$66$35$2
46 years$350$203$113$61$32$2
47 years$339$194$106$56$29$1
48 years$328$185$100$52$26$1
49 years$317$177$94$48$24$1
50 years$308$169$88$44$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $315,000, adding $5,609 every year, while hoping to spend $20,823 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: 71/19/10 Blend
60$315,000$315,000$315,000$315,000
61$352,916$336,221$331,338$376,892
62$366,758$330,540$320,283$387,825
63$381,313$323,883$308,159$396,693
64$396,634$316,180$294,909$405,837
65$412,775$307,357$280,472$415,278
66$429,796$297,336$264,786$425,043
67$447,764$286,033$247,785$435,158
68$466,749$273,362$229,399$445,656
69$486,829$259,229$209,556$456,572
70$508,091$243,537$188,181$467,945
71$530,628$226,181$165,197$479,819
72$554,540$207,052$140,519$492,244
73$579,940$186,035$114,063$505,275
74$606,949$163,006$85,739$518,974
75$635,700$137,835$55,454$533,409
76$666,340$110,387$23,110$548,657
77$699,027$80,517$0$564,804
78$733,937$48,072$0$583,163
79$771,262$12,890$0$605,334
80$811,211$0$0$628,978
81$854,016$0$0$659,509
82$899,928$0$0$695,158
83$949,226$0$0$733,447
84$1,002,214$0$0$774,615
85$1,059,225$0$0$818,921
86$1,120,628$0$0$866,654
87$1,186,825$0$0$918,128
88$1,258,258$0$0$973,689
89$1,335,414$0$0$1,033,718
90$1,418,828$0$0$1,098,632
91$1,509,087$0$0$1,168,890
92$1,606,837$0$0$1,244,998
93$1,712,788$0$0$1,327,511
94$1,827,720$0$0$1,417,040
95$1,952,493$0$0$1,514,255
96$2,088,050$0$0$1,619,895
97$2,235,431$0$0$1,734,773
98$2,395,779$0$0$1,859,782
99$2,570,350$0$0$1,995,907
100$2,760,529$0$0$2,144,228