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%16%
1 years$32,206$31,919$31,639$31,366$31,099$30,335
2 years$15,943$15,647$15,359$15,080$14,809$14,044
3 years$10,523$10,225$9,938$9,662$9,396$8,653
4 years$7,814$7,517$7,232$6,961$6,701$5,987
5 years$6,189$5,893$5,613$5,347$5,094$4,411
6 years$5,105$4,812$4,536$4,276$4,031$3,379
7 years$4,332$4,041$3,769$3,515$3,278$2,658
8 years$3,752$3,464$3,197$2,949$2,719$2,130
9 years$3,302$3,016$2,753$2,512$2,290$1,732
10 years$2,941$2,659$2,400$2,165$1,951$1,423
11 years$2,647$2,367$2,113$1,884$1,678$1,179
12 years$2,401$2,124$1,875$1,653$1,454$983
13 years$2,194$1,920$1,676$1,459$1,268$825
14 years$2,016$1,745$1,506$1,295$1,112$695
15 years$1,862$1,594$1,359$1,155$979$587
16 years$1,728$1,463$1,232$1,034$865$498
17 years$1,609$1,347$1,121$929$767$423
18 years$1,504$1,245$1,024$838$682$361
19 years$1,410$1,154$937$757$608$308
20 years$1,325$1,072$860$685$543$263
21 years$1,249$998$791$622$486$225
22 years$1,180$932$729$566$436$193
23 years$1,117$872$673$515$391$165
24 years$1,059$817$623$470$351$142
25 years$1,005$766$577$429$316$122
26 years$956$720$535$392$285$105
27 years$911$678$497$359$257$90
28 years$869$639$462$329$232$77
29 years$830$603$430$302$209$66
30 years$794$569$400$277$189$57
31 years$760$538$373$254$171$49
32 years$728$509$348$234$155$42
33 years$698$482$325$215$140$36
34 years$670$457$304$198$127$31
35 years$644$433$284$182$115$27
36 years$619$411$266$168$104$23
37 years$596$391$249$154$94$20
38 years$574$371$233$142$85$17
39 years$553$353$218$131$77$15
40 years$533$336$204$121$70$13
41 years$514$320$192$112$64$11
42 years$497$305$180$103$58$10
43 years$480$290$169$95$52$8
44 years$463$277$158$88$48$7
45 years$448$264$149$81$43$6
46 years$433$252$140$75$39$5
47 years$419$240$131$69$36$5
48 years$406$229$123$64$32$4
49 years$393$219$116$59$29$3
50 years$381$209$109$55$27$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $390,000, adding $6,732 every year, while hoping to spend $35,001 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: 44/40/16 Blend
60$390,000$390,000$390,000$390,000
61$436,724$416,054$410,009$453,649
62$444,029$399,200$386,504$449,318
63$450,906$380,347$361,038$440,613
64$457,275$359,360$333,508$430,427
65$463,045$336,096$303,809$418,640
66$468,116$310,406$271,827$405,120
67$472,376$282,128$237,446$389,728
68$475,701$251,095$200,543$372,312
69$477,952$217,128$160,990$352,709
70$478,975$180,039$118,656$330,744
71$478,599$139,630$73,399$306,227
72$476,634$95,690$25,076$278,955
73$472,869$47,997$0$248,706
74$467,070$0$0$219,766
75$458,977$0$0$193,839
76$448,303$0$0$187,759
77$434,730$0$0$180,245
78$417,904$0$0$171,124
79$397,435$0$0$160,207
80$372,891$0$0$147,282
81$343,793$0$0$132,117
82$309,612$0$0$114,454
83$269,764$0$0$94,009
84$223,601$0$0$70,466
85$170,409$0$0$43,479
86$109,397$0$0$12,662
87$39,693$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$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