Can I retire at age 61 with 332,000?

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 $332,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$27,416$27,172$26,934$26,701$26,474$26,165
2 years$13,572$13,320$13,075$12,837$12,607$12,296
3 years$8,958$8,705$8,460$8,225$7,998$7,695
4 years$6,652$6,399$6,157$5,926$5,704$5,411
5 years$5,268$5,017$4,778$4,551$4,336$4,054
6 years$4,346$4,097$3,861$3,640$3,431$3,160
7 years$3,688$3,440$3,209$2,992$2,791$2,530
8 years$3,194$2,949$2,721$2,510$2,315$2,066
9 years$2,811$2,568$2,344$2,138$1,950$1,712
10 years$2,504$2,263$2,043$1,843$1,661$1,434
11 years$2,253$2,015$1,799$1,604$1,429$1,213
12 years$2,044$1,808$1,597$1,407$1,238$1,033
13 years$1,868$1,634$1,426$1,242$1,080$884
14 years$1,716$1,485$1,282$1,103$946$761
15 years$1,585$1,357$1,157$983$833$658
16 years$1,471$1,245$1,049$881$736$571
17 years$1,370$1,147$955$791$653$496
18 years$1,280$1,060$871$713$581$433
19 years$1,200$982$798$644$517$378
20 years$1,128$912$732$583$462$331
21 years$1,063$850$673$530$414$290
22 years$1,004$793$621$481$371$255
23 years$950$742$573$438$333$224
24 years$901$695$530$400$299$197
25 years$856$652$491$365$269$173
26 years$814$613$455$334$242$153
27 years$776$577$423$306$219$135
28 years$740$544$393$280$197$119
29 years$707$513$366$257$178$105
30 years$676$484$341$236$161$93
31 years$647$458$318$216$146$82
32 years$620$433$296$199$132$73
33 years$595$410$277$183$119$64
34 years$571$389$259$168$108$57
35 years$548$369$242$155$98$50
36 years$527$350$226$143$89$44
37 years$507$333$212$131$80$39
38 years$489$316$198$121$73$35
39 years$471$301$186$112$66$31
40 years$454$286$174$103$60$27
41 years$438$272$163$95$54$24
42 years$423$259$153$88$49$21
43 years$408$247$144$81$45$19
44 years$394$235$135$75$41$17
45 years$381$225$127$69$37$15
46 years$369$214$119$64$33$13
47 years$357$204$112$59$30$12
48 years$345$195$105$54$28$10
49 years$335$186$99$50$25$9
50 years$324$178$93$47$23$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $332,000, adding $4,404 every year, while hoping to spend $26,574 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: 49/34/17 Blend
60$332,000$332,000$332,000$332,000
61$370,407$352,811$347,665$386,600
62$379,914$341,824$331,037$387,267
63$389,500$329,408$312,962$384,904
64$399,145$315,465$293,362$381,762
65$408,826$299,892$272,158$377,779
66$418,517$282,577$249,266$372,885
67$428,189$263,406$224,599$367,009
68$437,807$242,256$198,066$360,073
69$447,333$218,996$169,571$351,992
70$456,724$193,490$139,015$342,677
71$465,932$165,593$106,294$332,033
72$474,901$135,151$71,299$319,956
73$483,571$102,004$33,917$306,335
74$491,872$65,979$0$291,052
75$499,728$26,897$0$275,062
76$507,052$0$0$263,782
77$513,749$0$0$256,702
78$519,710$0$0$259,269
79$524,816$0$0$261,353
80$528,934$0$0$262,883
81$531,916$0$0$263,777
82$533,596$0$0$263,946
83$533,792$0$0$263,290
84$532,299$0$0$261,698
85$528,892$0$0$259,047
86$523,320$0$0$255,202
87$515,305$0$0$250,012
88$504,538$0$0$243,308
89$490,678$0$0$234,906
90$473,347$0$0$224,601
91$452,125$0$0$212,166
92$426,549$0$0$197,348
93$396,107$0$0$179,871
94$360,230$0$0$159,427
95$318,290$0$0$135,675
96$269,595$0$0$108,240
97$213,375$0$0$76,706
98$148,785$0$0$40,616
99$74,885$0$0$0
100$0$0$0$0