Can I retire at age 61 with 390,000?

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 $390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$32,206$31,919$31,639$31,366$31,099$30,634
2 years$15,943$15,647$15,359$15,080$14,809$14,342
3 years$10,523$10,225$9,938$9,662$9,396$8,940
4 years$7,814$7,517$7,232$6,961$6,701$6,262
5 years$6,189$5,893$5,613$5,347$5,094$4,671
6 years$5,105$4,812$4,536$4,276$4,031$3,625
7 years$4,332$4,041$3,769$3,515$3,278$2,890
8 years$3,752$3,464$3,197$2,949$2,719$2,349
9 years$3,302$3,016$2,753$2,512$2,290$1,937
10 years$2,941$2,659$2,400$2,165$1,951$1,615
11 years$2,647$2,367$2,113$1,884$1,678$1,359
12 years$2,401$2,124$1,875$1,653$1,454$1,151
13 years$2,194$1,920$1,676$1,459$1,268$981
14 years$2,016$1,745$1,506$1,295$1,112$840
15 years$1,862$1,594$1,359$1,155$979$722
16 years$1,728$1,463$1,232$1,034$865$623
17 years$1,609$1,347$1,121$929$767$538
18 years$1,504$1,245$1,024$838$682$467
19 years$1,410$1,154$937$757$608$405
20 years$1,325$1,072$860$685$543$353
21 years$1,249$998$791$622$486$307
22 years$1,180$932$729$566$436$268
23 years$1,117$872$673$515$391$234
24 years$1,059$817$623$470$351$205
25 years$1,005$766$577$429$316$179
26 years$956$720$535$392$285$157
27 years$911$678$497$359$257$138
28 years$869$639$462$329$232$121
29 years$830$603$430$302$209$106
30 years$794$569$400$277$189$93
31 years$760$538$373$254$171$82
32 years$728$509$348$234$155$72
33 years$698$482$325$215$140$63
34 years$670$457$304$198$127$55
35 years$644$433$284$182$115$49
36 years$619$411$266$168$104$43
37 years$596$391$249$154$94$38
38 years$574$371$233$142$85$33
39 years$553$353$218$131$77$29
40 years$533$336$204$121$70$26
41 years$514$320$192$112$64$22
42 years$497$305$180$103$58$20
43 years$480$290$169$95$52$17
44 years$463$277$158$88$48$15
45 years$448$264$149$81$43$13
46 years$433$252$140$75$39$12
47 years$419$240$131$69$36$10
48 years$406$229$123$64$32$9
49 years$393$219$116$59$29$8
50 years$381$209$109$55$27$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $390,000, adding $2,730 every year, while hoping to spend $31,306 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: 49/30/21 Blend
60$390,000$390,000$390,000$390,000
61$432,596$411,926$405,881$451,115
62$443,411$398,801$386,169$451,137
63$454,281$383,984$364,747$447,769
64$465,177$367,358$341,525$443,458
65$476,067$348,801$316,409$438,128
66$486,917$328,184$289,300$431,697
67$497,686$305,368$260,094$424,079
68$508,328$280,209$228,686$415,179
69$518,792$252,554$194,961$404,897
70$529,020$222,239$158,803$393,126
71$538,945$189,095$120,089$379,749
72$548,497$152,940$78,690$364,643
73$557,591$113,582$34,475$347,675
74$566,138$70,819$0$328,700
75$574,034$24,439$0$310,414
76$581,165$0$0$298,231
77$587,404$0$0$292,787
78$592,608$0$0$294,828
79$596,620$0$0$296,202
80$599,263$0$0$296,811
81$600,342$0$0$296,551
82$599,640$0$0$295,301
83$596,915$0$0$292,933
84$591,900$0$0$289,299
85$584,298$0$0$284,238
86$573,778$0$0$277,573
87$559,977$0$0$269,105
88$542,490$0$0$258,614
89$520,869$0$0$245,858
90$494,619$0$0$230,569
91$463,191$0$0$212,448
92$425,978$0$0$191,167
93$382,309$0$0$166,363
94$331,442$0$0$137,633
95$272,555$0$0$104,533
96$204,742$0$0$66,572
97$127,000$0$0$23,208
98$38,222$0$0$0
99$0$0$0$0
100$0$0$0$0