Can I retire at age 61 with 328,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $328,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$27,086$26,845$26,609$26,380$26,155$25,482
2 years$13,409$13,159$12,917$12,682$12,455$11,781
3 years$8,850$8,600$8,358$8,126$7,902$7,248
4 years$6,572$6,322$6,083$5,854$5,636$5,008
5 years$5,205$4,956$4,720$4,497$4,284$3,683
6 years$4,294$4,047$3,815$3,596$3,390$2,817
7 years$3,643$3,399$3,170$2,956$2,757$2,212
8 years$3,156$2,913$2,688$2,480$2,287$1,770
9 years$2,777$2,537$2,316$2,112$1,926$1,436
10 years$2,474$2,236$2,019$1,821$1,641$1,178
11 years$2,226$1,991$1,777$1,585$1,411$974
12 years$2,020$1,787$1,577$1,390$1,223$811
13 years$1,845$1,615$1,409$1,227$1,067$679
14 years$1,696$1,468$1,266$1,089$935$570
15 years$1,566$1,341$1,143$972$823$481
16 years$1,453$1,230$1,036$870$728$407
17 years$1,353$1,133$943$782$645$345
18 years$1,265$1,047$861$704$574$294
19 years$1,186$970$788$636$511$250
20 years$1,115$901$723$576$457$213
21 years$1,051$840$665$523$409$182
22 years$992$784$613$476$366$155
23 years$939$733$566$433$329$133
24 years$890$687$524$395$296$114
25 years$846$645$485$361$266$97
26 years$804$606$450$330$240$84
27 years$766$570$418$302$216$72
28 years$731$537$388$277$195$61
29 years$698$507$361$254$176$53
30 years$668$479$337$233$159$45
31 years$639$452$314$214$144$39
32 years$612$428$293$197$130$33
33 years$587$405$273$181$118$29
34 years$564$384$255$166$107$25
35 years$542$364$239$153$97$21
36 years$521$346$223$141$87$18
37 years$501$329$209$130$79$16
38 years$483$312$196$120$72$13
39 years$465$297$183$110$65$12
40 years$448$282$172$102$59$10
41 years$433$269$161$94$54$9
42 years$418$256$151$87$49$7
43 years$403$244$142$80$44$6
44 years$390$233$133$74$40$5
45 years$377$222$125$68$36$5
46 years$364$212$117$63$33$4
47 years$353$202$110$58$30$3
48 years$341$193$104$54$27$3
49 years$331$184$97$50$25$3
50 years$320$176$92$46$22$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $328,000, adding $3,962 every year, while hoping to spend $25,965 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: 73/10/17 Blend
60$328,000$328,000$328,000$328,000
61$365,543$348,159$343,075$390,515
62$375,202$337,592$326,941$397,040
63$384,975$325,637$309,397$400,640
64$394,848$312,199$290,367$403,906
65$404,803$297,176$269,774$406,798
66$414,817$280,463$247,536$409,275
67$424,868$261,945$223,568$411,291
68$434,927$241,503$197,781$412,795
69$444,965$219,012$170,081$413,733
70$454,945$194,337$140,373$414,045
71$464,828$167,338$108,554$413,668
72$474,568$137,865$74,518$412,530
73$484,115$105,762$38,156$410,555
74$493,412$70,862$0$407,659
75$502,395$32,988$0$403,870
76$510,992$0$0$406,363
77$519,122$0$0$409,011
78$526,695$0$0$414,832
79$533,612$0$0$420,117
80$539,760$0$0$424,774
81$545,014$0$0$428,704
82$549,235$0$0$431,793
83$552,268$0$0$433,917
84$553,942$0$0$434,937
85$554,065$0$0$434,699
86$552,425$0$0$433,032
87$548,785$0$0$429,746
88$542,884$0$0$424,629
89$534,433$0$0$417,449
90$523,109$0$0$407,946
91$508,556$0$0$395,833
92$490,379$0$0$380,793
93$468,142$0$0$362,472
94$441,360$0$0$340,483
95$409,499$0$0$314,393
96$371,967$0$0$283,726
97$328,108$0$0$247,955
98$277,199$0$0$206,497
99$218,440$0$0$158,707
100$150,945$0$0$103,874