Can I retire at age 61 with 391,000?

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 $391,000?

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 years$32,288$32,001$31,720$31,446$31,179$30,918
2 years$15,984$15,687$15,398$15,118$14,847$14,584
3 years$10,550$10,251$9,964$9,687$9,420$9,162
4 years$7,834$7,536$7,251$6,979$6,718$6,469
5 years$6,204$5,908$5,627$5,360$5,107$4,867
6 years$5,119$4,825$4,547$4,287$4,041$3,810
7 years$4,343$4,052$3,779$3,524$3,286$3,064
8 years$3,762$3,473$3,205$2,956$2,726$2,514
9 years$3,310$3,024$2,760$2,518$2,296$2,092
10 years$2,949$2,665$2,407$2,171$1,956$1,762
11 years$2,653$2,373$2,119$1,889$1,683$1,497
12 years$2,407$2,130$1,880$1,657$1,458$1,281
13 years$2,199$1,925$1,680$1,463$1,271$1,103
14 years$2,021$1,749$1,509$1,299$1,115$954
15 years$1,867$1,598$1,363$1,158$981$829
16 years$1,732$1,466$1,236$1,037$867$723
17 years$1,613$1,350$1,124$932$769$632
18 years$1,508$1,248$1,026$840$684$555
19 years$1,414$1,156$940$759$609$487
20 years$1,329$1,075$862$687$544$429
21 years$1,252$1,001$793$624$487$378
22 years$1,183$934$731$567$437$334
23 years$1,119$874$675$516$392$296
24 years$1,061$819$624$471$352$262
25 years$1,008$768$578$430$317$232
26 years$959$722$536$393$286$206
27 years$914$680$498$360$257$183
28 years$871$640$463$330$232$162
29 years$832$604$431$302$210$144
30 years$796$571$401$278$190$128
31 years$762$539$374$255$171$114
32 years$730$510$349$234$155$101
33 years$700$483$326$215$140$90
34 years$672$458$304$198$127$80
35 years$646$434$285$182$115$72
36 years$621$412$266$168$104$64
37 years$598$392$249$155$94$57
38 years$575$372$233$143$86$51
39 years$554$354$219$132$78$45
40 years$535$337$205$121$70$40
41 years$516$321$192$112$64$36
42 years$498$305$180$103$58$32
43 years$481$291$169$95$53$29
44 years$465$277$159$88$48$26
45 years$449$264$149$81$43$23
46 years$434$252$140$75$39$20
47 years$420$241$132$69$36$18
48 years$407$230$124$64$32$16
49 years$394$219$116$59$29$14
50 years$382$210$109$55$27$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $391,000, adding $2,398 every year, while hoping to spend $28,083 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: 52/42/6 Blend
60$391,000$391,000$391,000$391,000
61$433,356$412,633$406,572$455,152
62$447,678$402,971$390,312$460,541
63$462,520$391,896$372,566$463,137
64$477,904$379,306$353,255$465,283
65$493,857$365,099$332,295$466,941
66$510,404$349,162$309,601$468,072
67$527,573$331,379$285,080$468,636
68$545,394$311,625$258,639$468,588
69$563,899$289,770$230,178$467,884
70$583,122$265,674$199,595$466,476
71$603,100$239,191$166,781$464,313
72$623,871$210,167$131,623$461,342
73$645,478$178,436$94,004$457,508
74$667,964$143,827$53,800$452,752
75$691,378$106,157$10,885$447,015
76$715,772$65,232$0$440,232
77$741,201$20,849$0$434,572
78$767,726$0$0$428,619
79$795,409$0$0$434,187
80$824,322$0$0$450,074
81$854,539$0$0$466,687
82$886,142$0$0$484,072
83$919,217$0$0$502,279
84$953,862$0$0$521,361
85$990,177$0$0$541,376
86$1,028,276$0$0$562,388
87$1,068,280$0$0$584,466
88$1,110,321$0$0$607,684
89$1,154,541$0$0$632,124
90$1,201,098$0$0$657,875
91$1,250,160$0$0$685,032
92$1,301,914$0$0$713,701
93$1,356,559$0$0$743,996
94$1,414,316$0$0$776,042
95$1,475,426$0$0$809,976
96$1,540,149$0$0$845,947
97$1,608,772$0$0$884,117
98$1,681,608$0$0$924,665
99$1,758,999$0$0$967,786
100$1,841,318$0$0$1,013,692