Can I retire at age 61 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$30,967$30,691$30,422$30,160$29,903$29,640
2 years$15,330$15,045$14,768$14,500$14,240$13,975
3 years$10,119$9,832$9,556$9,290$9,034$8,775
4 years$7,513$7,227$6,954$6,693$6,443$6,193
5 years$5,951$5,666$5,397$5,141$4,898$4,656
6 years$4,909$4,627$4,361$4,111$3,876$3,643
7 years$4,165$3,886$3,624$3,380$3,152$2,929
8 years$3,608$3,331$3,074$2,835$2,615$2,401
9 years$3,175$2,900$2,647$2,415$2,202$1,998
10 years$2,828$2,556$2,308$2,082$1,876$1,681
11 years$2,545$2,276$2,032$1,812$1,614$1,427
12 years$2,309$2,043$1,803$1,589$1,398$1,221
13 years$2,109$1,846$1,611$1,403$1,219$1,050
14 years$1,939$1,678$1,448$1,245$1,069$908
15 years$1,791$1,533$1,307$1,111$941$789
16 years$1,661$1,406$1,185$995$832$687
17 years$1,547$1,295$1,078$894$738$601
18 years$1,446$1,197$984$805$656$526
19 years$1,356$1,109$901$728$585$462
20 years$1,275$1,031$827$659$522$407
21 years$1,201$960$761$598$467$358
22 years$1,134$896$701$544$419$316
23 years$1,074$838$647$495$376$279
24 years$1,018$785$599$452$338$247
25 years$967$737$554$413$304$219
26 years$920$693$514$377$274$194
27 years$876$652$478$345$247$172
28 years$836$614$444$316$223$153
29 years$798$579$413$290$201$136
30 years$763$547$385$266$182$120
31 years$731$517$359$245$164$107
32 years$700$489$335$225$149$95
33 years$672$464$313$207$135$85
34 years$645$439$292$190$122$75
35 years$619$417$273$175$110$67
36 years$596$396$255$161$100$60
37 years$573$376$239$149$91$53
38 years$552$357$224$137$82$47
39 years$532$339$210$126$74$42
40 years$513$323$197$116$68$38
41 years$495$307$184$107$61$33
42 years$477$293$173$99$56$30
43 years$461$279$162$92$50$27
44 years$446$266$152$84$46$24
45 years$431$254$143$78$42$21
46 years$417$242$134$72$38$19
47 years$403$231$126$67$34$17
48 years$390$220$119$62$31$15
49 years$378$210$111$57$28$13
50 years$366$201$105$53$26$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $375,000, adding $2,858 every year, while hoping to spend $23,813 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: 33/41/26 Blend
60$375,000$375,000$375,000$375,000
61$416,198$396,323$390,511$426,559
62$433,313$390,406$378,256$428,712
63$451,376$383,401$364,792$428,700
64$470,459$375,229$350,055$428,216
65$490,638$365,808$333,974$427,235
66$512,000$355,050$316,479$425,730
67$534,637$342,860$297,494$423,674
68$558,651$329,141$276,941$421,043
69$584,153$313,789$254,739$417,808
70$611,265$296,693$230,801$413,944
71$640,119$277,736$205,038$409,425
72$670,862$256,796$177,357$404,226
73$703,652$233,741$147,660$398,323
74$738,663$208,433$115,846$391,692
75$776,088$180,728$81,808$384,313
76$816,136$150,470$45,436$376,164
77$859,037$117,498$6,613$367,229
78$905,043$81,640$0$357,494
79$954,430$42,713$0$356,605
80$1,007,503$527$0$357,483
81$1,064,595$0$0$358,324
82$1,126,071$0$0$379,527
83$1,192,333$0$0$402,680
84$1,263,824$0$0$427,704
85$1,341,027$0$0$454,775
86$1,424,477$0$0$484,086
87$1,514,758$0$0$515,849
88$1,612,515$0$0$550,296
89$1,718,456$0$0$587,685
90$1,833,359$0$0$628,297
91$1,958,080$0$0$672,443
92$2,093,560$0$0$720,463
93$2,240,836$0$0$772,734
94$2,401,047$0$0$829,668
95$2,575,446$0$0$891,720
96$2,765,413$0$0$959,390
97$2,972,465$0$0$1,033,228
98$3,198,273$0$0$1,113,842
99$3,444,677$0$0$1,201,898
100$3,713,699$0$0$1,298,131