Can I retire at age 61 with 321,000?

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 $321,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$26,508$26,272$26,041$25,817$25,597$24,708
2 years$13,123$12,878$12,641$12,412$12,189$11,303
3 years$8,662$8,416$8,180$7,952$7,733$6,878
4 years$6,431$6,187$5,953$5,729$5,515$4,697
5 years$5,094$4,850$4,620$4,401$4,193$3,413
6 years$4,202$3,961$3,733$3,519$3,318$2,578
7 years$3,566$3,326$3,102$2,893$2,698$1,998
8 years$3,088$2,851$2,631$2,427$2,238$1,577
9 years$2,717$2,482$2,266$2,067$1,885$1,262
10 years$2,421$2,188$1,976$1,782$1,606$1,020
11 years$2,178$1,948$1,739$1,551$1,381$831
12 years$1,976$1,748$1,544$1,360$1,197$681
13 years$1,806$1,580$1,379$1,201$1,044$561
14 years$1,659$1,436$1,239$1,066$915$465
15 years$1,533$1,312$1,119$951$806$386
16 years$1,422$1,204$1,014$851$712$321
17 years$1,325$1,109$923$765$631$268
18 years$1,238$1,024$843$689$561$224
19 years$1,161$949$771$623$500$187
20 years$1,091$882$708$564$447$157
21 years$1,028$822$651$512$400$131
22 years$971$767$600$466$358$110
23 years$919$717$554$424$322$93
24 years$871$672$512$387$289$78
25 years$828$631$475$353$260$66
26 years$787$593$440$323$234$55
27 years$750$558$409$296$211$46
28 years$715$526$380$271$191$39
29 years$683$496$354$248$172$33
30 years$653$468$329$228$156$28
31 years$625$443$307$209$141$23
32 years$599$419$287$192$127$20
33 years$575$397$268$177$115$17
34 years$552$376$250$163$104$14
35 years$530$357$234$150$94$12
36 years$510$339$219$138$86$10
37 years$491$322$205$127$78$8
38 years$472$306$192$117$70$7
39 years$455$291$180$108$64$6
40 years$439$276$168$100$58$5
41 years$423$263$158$92$52$4
42 years$409$251$148$85$48$4
43 years$395$239$139$78$43$3
44 years$381$228$130$72$39$3
45 years$369$217$122$67$36$2
46 years$357$207$115$62$32$2
47 years$345$198$108$57$29$2
48 years$334$189$102$53$27$1
49 years$324$180$95$49$24$1
50 years$313$172$90$45$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $321,000, adding $4,685 every year, while hoping to spend $22,582 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: 73/6/21 Blend
60$321,000$321,000$321,000$321,000
61$358,575$341,562$336,586$382,600
62$371,122$334,271$323,835$391,904
63$384,193$325,866$309,899$398,929
64$397,816$316,269$294,716$406,055
65$412,023$305,396$278,219$413,288
66$426,849$293,160$260,339$420,634
67$442,330$279,468$241,003$428,102
68$458,506$264,221$220,135$435,701
69$475,421$247,315$197,657$443,443
70$493,121$228,640$173,485$451,339
71$511,656$208,080$147,534$459,405
72$531,081$185,512$119,713$467,658
73$551,456$160,806$89,927$476,116
74$572,844$133,826$58,080$484,802
75$595,316$104,425$24,067$493,740
76$618,947$72,450$0$502,958
77$643,820$37,741$0$515,230
78$670,025$126$0$533,783
79$697,660$0$0$553,287
80$726,831$0$0$576,495
81$757,655$0$0$601,033
82$790,258$0$0$626,995
83$824,780$0$0$654,491
84$861,372$0$0$683,644
85$900,198$0$0$714,585
86$941,440$0$0$747,461
87$985,296$0$0$782,429
88$1,031,981$0$0$819,665
89$1,081,733$0$0$859,357
90$1,134,812$0$0$901,714
91$1,191,500$0$0$946,965
92$1,252,111$0$0$995,360
93$1,316,985$0$0$1,047,173
94$1,386,496$0$0$1,102,705
95$1,461,055$0$0$1,162,286
96$1,541,114$0$0$1,226,278
97$1,627,166$0$0$1,295,079
98$1,719,754$0$0$1,369,124
99$1,819,475$0$0$1,448,894
100$1,926,983$0$0$1,534,913