Can I retire at age 61 with 317,000?

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 $317,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$26,178$25,944$25,717$25,495$25,278$25,066
2 years$12,959$12,718$12,484$12,257$12,037$11,824
3 years$8,554$8,311$8,078$7,853$7,637$7,428
4 years$6,351$6,110$5,879$5,658$5,447$5,245
5 years$5,030$4,790$4,562$4,346$4,140$3,946
6 years$4,150$3,911$3,687$3,475$3,276$3,089
7 years$3,521$3,285$3,064$2,857$2,664$2,485
8 years$3,050$2,816$2,598$2,397$2,210$2,038
9 years$2,684$2,452$2,238$2,042$1,861$1,696
10 years$2,391$2,161$1,951$1,760$1,586$1,428
11 years$2,151$1,924$1,718$1,532$1,364$1,214
12 years$1,952$1,727$1,524$1,343$1,182$1,039
13 years$1,783$1,560$1,362$1,186$1,031$894
14 years$1,639$1,418$1,224$1,053$904$774
15 years$1,514$1,296$1,105$939$796$672
16 years$1,404$1,189$1,002$841$703$586
17 years$1,308$1,095$912$755$623$513
18 years$1,223$1,012$832$681$554$450
19 years$1,146$938$762$615$494$395
20 years$1,077$871$699$557$441$348
21 years$1,015$812$643$506$395$307
22 years$959$758$593$460$354$271
23 years$908$709$547$419$318$240
24 years$860$664$506$382$286$212
25 years$817$623$469$349$257$188
26 years$777$585$435$319$232$167
27 years$741$551$404$292$209$148
28 years$707$519$375$267$188$131
29 years$675$490$349$245$170$117
30 years$645$463$325$225$154$104
31 years$618$437$303$207$139$92
32 years$592$414$283$190$126$82
33 years$568$392$264$175$114$73
34 years$545$371$247$161$103$65
35 years$524$352$231$148$93$58
36 years$503$334$216$136$85$52
37 years$484$318$202$126$77$46
38 years$466$302$189$116$69$41
39 years$449$287$177$107$63$37
40 years$433$273$166$98$57$33
41 years$418$260$156$91$52$29
42 years$404$248$146$84$47$26
43 years$390$236$137$77$43$23
44 years$377$225$129$71$39$21
45 years$364$214$121$66$35$18
46 years$352$204$114$61$32$16
47 years$341$195$107$56$29$15
48 years$330$186$100$52$26$13
49 years$319$178$94$48$24$12
50 years$310$170$89$44$22$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $317,000, adding $4,434 every year, while hoping to spend $24,827 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: 34/42/24 Blend
60$317,000$317,000$317,000$317,000
61$353,908$337,107$332,193$363,232
62$363,591$327,209$316,906$360,669
63$373,429$315,995$300,274$355,342
64$383,413$303,372$282,227$349,100
65$393,529$289,246$262,691$341,876
66$403,764$273,514$241,586$333,603
67$414,102$256,070$218,832$324,207
68$424,522$236,799$194,345$313,608
69$435,002$215,581$168,035$301,724
70$445,518$192,290$139,810$288,467
71$456,040$166,792$109,572$273,743
72$466,535$138,943$77,222$257,451
73$476,966$108,596$42,653$239,486
74$487,290$75,591$5,756$219,736
75$497,461$39,762$0$198,079
76$507,423$932$0$182,998
77$517,117$0$0$167,881
78$526,475$0$0$170,128
79$535,421$0$0$172,625
80$543,869$0$0$174,909
81$551,725$0$0$176,943
82$558,882$0$0$178,687
83$565,222$0$0$180,095
84$570,613$0$0$181,117
85$574,907$0$0$181,696
86$577,941$0$0$181,771
87$579,533$0$0$181,272
88$579,481$0$0$180,123
89$577,560$0$0$178,238
90$573,520$0$0$175,522
91$567,085$0$0$171,871
92$557,949$0$0$167,169
93$545,771$0$0$161,287
94$530,174$0$0$154,082
95$510,742$0$0$145,397
96$487,011$0$0$135,058
97$458,472$0$0$122,871
98$424,559$0$0$108,624
99$384,644$0$0$92,080
100$338,037$0$0$72,978