Can I retire at age 61 with 361,000?

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 $361,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$29,811$29,546$29,286$29,034$28,787$28,486
2 years$14,758$14,483$14,217$13,958$13,708$13,405
3 years$9,741$9,465$9,199$8,943$8,697$8,401
4 years$7,233$6,958$6,695$6,443$6,203$5,917
5 years$5,728$5,455$5,195$4,949$4,715$4,440
6 years$4,726$4,454$4,199$3,958$3,731$3,466
7 years$4,010$3,741$3,489$3,254$3,034$2,780
8 years$3,473$3,207$2,959$2,730$2,517$2,274
9 years$3,056$2,792$2,549$2,325$2,120$1,887
10 years$2,723$2,461$2,222$2,004$1,806$1,584
11 years$2,450$2,191$1,956$1,744$1,553$1,342
12 years$2,223$1,966$1,736$1,530$1,346$1,145
13 years$2,031$1,777$1,551$1,351$1,174$983
14 years$1,866$1,615$1,394$1,199$1,029$847
15 years$1,724$1,476$1,258$1,069$906$734
16 years$1,599$1,354$1,141$957$801$638
17 years$1,490$1,247$1,038$860$710$556
18 years$1,392$1,152$948$775$631$486
19 years$1,305$1,068$867$701$563$425
20 years$1,227$992$796$634$503$373
21 years$1,156$924$732$576$450$328
22 years$1,092$863$675$524$403$288
23 years$1,033$807$623$477$362$254
24 years$980$756$576$435$325$224
25 years$931$709$534$397$293$198
26 years$885$667$495$363$264$175
27 years$843$628$460$332$238$154
28 years$805$591$427$305$214$137
29 years$768$558$398$279$194$121
30 years$735$527$370$256$175$107
31 years$703$498$345$235$158$95
32 years$674$471$322$216$143$84
33 years$646$446$301$199$130$75
34 years$621$423$281$183$117$66
35 years$596$401$263$168$106$59
36 years$573$381$246$155$96$52
37 years$552$362$230$143$87$46
38 years$531$344$215$132$79$41
39 years$512$327$202$122$72$36
40 years$494$311$189$112$65$32
41 years$476$296$177$103$59$29
42 years$460$282$166$95$54$25
43 years$444$269$156$88$49$23
44 years$429$256$147$81$44$20
45 years$415$244$138$75$40$18
46 years$401$233$129$69$36$16
47 years$388$222$121$64$33$14
48 years$376$212$114$59$30$13
49 years$364$203$107$55$27$11
50 years$352$194$101$51$25$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $361,000, adding $2,586 every year, while hoping to spend $23,580 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: 43/48/9 Blend
60$361,000$361,000$361,000$361,000
61$400,489$381,356$375,761$416,560
62$416,250$374,954$363,260$421,596
63$432,829$367,447$349,550$424,453
64$450,283$358,758$334,565$427,012
65$468,676$348,802$318,238$429,255
66$488,079$337,490$300,496$431,164
67$508,565$324,730$281,266$432,721
68$530,219$310,422$260,468$433,908
69$553,129$294,460$238,021$434,706
70$577,394$276,735$213,841$435,099
71$603,121$257,128$187,838$435,071
72$630,428$235,515$159,919$434,604
73$659,442$211,766$129,987$433,687
74$690,304$185,742$97,940$432,305
75$723,168$157,295$63,673$430,447
76$758,201$126,273$27,076$428,107
77$795,587$92,510$0$425,276
78$835,528$55,834$0$423,104
79$878,245$16,063$0$423,291
80$923,980$0$0$423,252
81$972,999$0$0$437,269
82$1,025,593$0$0$461,442
83$1,082,082$0$0$487,437
84$1,142,818$0$0$515,420
85$1,208,185$0$0$545,572
86$1,278,606$0$0$578,093
87$1,354,547$0$0$613,203
88$1,436,518$0$0$651,143
89$1,525,080$0$0$692,177
90$1,620,849$0$0$736,598
91$1,724,503$0$0$784,725
92$1,836,787$0$0$836,910
93$1,958,521$0$0$893,540
94$2,090,604$0$0$955,041
95$2,234,028$0$0$1,021,882
96$2,389,881$0$0$1,094,578
97$2,559,364$0$0$1,173,695
98$2,743,793$0$0$1,259,858
99$2,944,620$0$0$1,353,752
100$3,163,443$0$0$1,456,133