Can I retire at age 61 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$29,728$29,464$29,205$28,953$28,707$28,478
2 years$14,717$14,443$14,177$13,920$13,670$13,439
3 years$9,714$9,439$9,174$8,919$8,673$8,448
4 years$7,213$6,938$6,676$6,425$6,186$5,967
5 years$5,713$5,440$5,181$4,935$4,702$4,492
6 years$4,713$4,442$4,187$3,947$3,721$3,518
7 years$3,999$3,730$3,479$3,245$3,026$2,831
8 years$3,464$3,198$2,951$2,722$2,510$2,324
9 years$3,048$2,784$2,542$2,319$2,114$1,936
10 years$2,715$2,454$2,216$1,999$1,801$1,631
11 years$2,443$2,185$1,951$1,739$1,549$1,386
12 years$2,217$1,961$1,731$1,526$1,342$1,187
13 years$2,025$1,772$1,547$1,347$1,171$1,023
14 years$1,861$1,611$1,390$1,196$1,026$886
15 years$1,719$1,471$1,255$1,066$904$770
16 years$1,595$1,350$1,138$955$799$672
17 years$1,486$1,243$1,035$858$708$588
18 years$1,388$1,149$945$773$630$516
19 years$1,302$1,065$865$699$561$454
20 years$1,224$989$794$633$501$400
21 years$1,153$922$730$574$449$353
22 years$1,089$860$673$522$402$312
23 years$1,031$805$621$475$361$276
24 years$977$754$575$434$324$245
25 years$928$707$532$396$292$217
26 years$883$665$494$362$263$193
27 years$841$626$458$331$237$171
28 years$802$590$426$304$214$152
29 years$766$556$397$278$193$135
30 years$733$525$369$256$175$120
31 years$701$497$344$235$158$107
32 years$672$470$321$216$143$95
33 years$645$445$300$198$129$85
34 years$619$422$280$183$117$76
35 years$595$400$262$168$106$68
36 years$572$380$245$155$96$60
37 years$550$361$229$143$87$54
38 years$530$343$215$131$79$48
39 years$510$326$201$121$72$43
40 years$492$310$189$112$65$38
41 years$475$295$177$103$59$34
42 years$458$281$166$95$53$30
43 years$443$268$156$88$48$27
44 years$428$255$146$81$44$24
45 years$414$243$137$75$40$22
46 years$400$232$129$69$36$19
47 years$387$222$121$64$33$17
48 years$375$212$114$59$30$15
49 years$363$202$107$55$27$14
50 years$351$193$101$50$25$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $360,000, adding $5,584 every year, while hoping to spend $30,426 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: 55/27/18 Blend
60$360,000$360,000$360,000$360,000
61$402,480$383,400$377,820$422,385
62$411,160$369,813$358,104$423,004
63$419,705$354,542$336,708$419,954
64$428,071$337,469$313,543$415,959
65$436,204$318,476$288,517$410,936
66$444,048$297,432$261,533$404,794
67$451,538$274,203$232,491$397,439
68$458,601$248,645$201,286$388,765
69$465,155$220,606$167,806$378,661
70$471,112$189,927$131,938$367,005
71$476,369$156,437$93,562$353,665
72$480,814$119,958$52,552$338,500
73$484,322$80,301$8,777$321,356
74$486,754$37,266$0$302,066
75$487,954$0$0$287,737
76$487,750$0$0$275,940
77$485,952$0$0$274,230
78$482,346$0$0$271,405
79$476,697$0$0$267,321
80$468,744$0$0$261,821
81$458,199$0$0$254,727
82$444,739$0$0$245,845
83$428,010$0$0$234,959
84$407,619$0$0$221,829
85$383,130$0$0$206,192
86$354,063$0$0$187,755
87$319,884$0$0$166,193
88$280,005$0$0$141,150
89$233,774$0$0$112,230
90$180,471$0$0$78,995
91$119,301$0$0$40,963
92$49,386$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0