Can I retire at age 61 with 363,000?

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 $363,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$29,976$29,709$29,449$29,194$28,946$28,110
2 years$14,840$14,563$14,295$14,036$13,784$12,948
3 years$9,795$9,517$9,250$8,993$8,745$7,936
4 years$7,273$6,996$6,732$6,479$6,237$5,460
5 years$5,760$5,485$5,224$4,976$4,741$4,000
6 years$4,752$4,479$4,222$3,980$3,752$3,045
7 years$4,032$3,761$3,508$3,272$3,051$2,380
8 years$3,493$3,224$2,975$2,745$2,531$1,896
9 years$3,073$2,807$2,563$2,338$2,132$1,531
10 years$2,738$2,475$2,234$2,015$1,816$1,249
11 years$2,463$2,203$1,967$1,754$1,562$1,028
12 years$2,235$1,977$1,746$1,538$1,354$851
13 years$2,042$1,787$1,560$1,358$1,180$708
14 years$1,877$1,624$1,401$1,206$1,035$592
15 years$1,733$1,484$1,265$1,075$911$497
16 years$1,608$1,361$1,147$963$805$418
17 years$1,498$1,254$1,044$865$714$352
18 years$1,400$1,158$953$780$635$298
19 years$1,312$1,074$872$704$566$252
20 years$1,234$998$801$638$505$214
21 years$1,163$929$736$579$452$181
22 years$1,098$867$679$526$405$154
23 years$1,039$811$627$479$364$131
24 years$985$760$580$437$327$111
25 years$936$713$537$399$294$95
26 years$890$670$498$365$265$81
27 years$848$631$462$334$239$69
28 years$809$595$430$306$216$59
29 years$773$561$400$281$195$50
30 years$739$530$372$258$176$43
31 years$707$501$347$237$159$36
32 years$678$474$324$218$144$31
33 years$650$449$303$200$130$26
34 years$624$425$283$184$118$23
35 years$600$403$264$169$107$19
36 years$577$383$247$156$97$16
37 years$555$364$231$144$88$14
38 years$534$346$217$133$80$12
39 years$515$329$203$122$72$10
40 years$496$313$190$113$65$9
41 years$479$298$178$104$59$7
42 years$462$283$167$96$54$6
43 years$446$270$157$89$49$5
44 years$431$257$147$82$44$5
45 years$417$245$138$76$40$4
46 years$403$234$130$70$37$3
47 years$390$223$122$64$33$3
48 years$378$213$115$60$30$2
49 years$366$204$108$55$27$2
50 years$354$195$101$51$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $363,000, adding $2,472 every year, while hoping to spend $27,805 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: 47/23/30 Blend
60$363,000$363,000$363,000$363,000
61$402,576$383,337$377,710$417,930
62$414,054$372,536$360,779$418,246
63$425,772$360,274$342,349$415,706
64$437,723$346,450$322,340$412,424
65$449,902$330,957$300,670$408,344
66$462,300$313,682$277,251$403,407
67$474,908$294,506$251,992$397,552
68$487,713$273,302$224,798$390,712
69$500,702$249,936$195,572$382,819
70$513,859$224,267$164,208$373,796
71$527,163$196,147$130,599$363,564
72$540,591$165,416$94,633$352,039
73$554,119$131,909$56,190$339,130
74$567,716$95,450$15,150$324,742
75$581,348$55,852$0$308,772
76$594,976$12,918$0$300,282
77$608,555$0$0$295,755
78$622,035$0$0$298,752
79$635,359$0$0$304,916
80$648,464$0$0$310,942
81$661,276$0$0$316,793
82$673,716$0$0$322,426
83$685,692$0$0$327,793
84$697,101$0$0$332,841
85$707,831$0$0$337,510
86$717,754$0$0$341,732
87$726,727$0$0$345,434
88$734,591$0$0$348,532
89$741,171$0$0$350,934
90$746,268$0$0$352,536
91$749,665$0$0$353,225
92$751,118$0$0$352,873
93$750,356$0$0$351,339
94$747,078$0$0$348,467
95$740,952$0$0$344,082
96$731,609$0$0$337,992
97$718,637$0$0$329,984
98$701,582$0$0$319,821
99$679,942$0$0$307,241
100$653,159$0$0$291,953