Can I retire at age 61 with 392,000?

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 $392,000?

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$32,371$32,083$31,801$31,527$31,259$30,997
2 years$16,025$15,727$15,438$15,157$14,885$14,621
3 years$10,577$10,278$9,989$9,711$9,444$9,186
4 years$7,854$7,555$7,270$6,996$6,735$6,486
5 years$6,220$5,923$5,641$5,374$5,120$4,879
6 years$5,132$4,837$4,559$4,298$4,051$3,820
7 years$4,354$4,062$3,789$3,533$3,295$3,072
8 years$3,772$3,482$3,213$2,964$2,733$2,520
9 years$3,319$3,032$2,767$2,525$2,302$2,098
10 years$2,956$2,672$2,413$2,176$1,961$1,766
11 years$2,660$2,379$2,124$1,894$1,687$1,501
12 years$2,414$2,135$1,885$1,661$1,462$1,284
13 years$2,205$1,930$1,684$1,467$1,275$1,106
14 years$2,026$1,754$1,513$1,302$1,117$957
15 years$1,872$1,602$1,366$1,161$984$831
16 years$1,737$1,470$1,239$1,040$870$725
17 years$1,618$1,354$1,127$934$771$634
18 years$1,512$1,251$1,029$842$686$556
19 years$1,417$1,159$942$761$611$489
20 years$1,332$1,077$865$689$546$430
21 years$1,256$1,004$795$625$488$379
22 years$1,186$937$733$568$438$335
23 years$1,122$876$677$518$393$296
24 years$1,064$821$626$472$353$262
25 years$1,011$770$580$431$318$232
26 years$961$724$538$394$286$206
27 years$916$681$499$361$258$183
28 years$874$642$464$331$233$163
29 years$834$606$432$303$210$144
30 years$798$572$402$278$190$128
31 years$764$541$375$256$172$114
32 years$732$512$350$235$155$102
33 years$702$485$327$216$141$91
34 years$674$459$305$199$127$81
35 years$647$436$285$183$115$72
36 years$623$413$267$169$104$64
37 years$599$393$250$155$95$57
38 years$577$373$234$143$86$51
39 years$556$355$219$132$78$45
40 years$536$338$205$122$71$40
41 years$517$321$193$112$64$36
42 years$499$306$181$104$58$32
43 years$482$292$170$96$53$29
44 years$466$278$159$88$48$26
45 years$450$265$149$82$43$23
46 years$436$253$140$75$39$20
47 years$421$241$132$70$36$18
48 years$408$230$124$64$33$16
49 years$395$220$117$59$30$14
50 years$383$210$110$55$27$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $392,000, adding $2,336 every year, while hoping to spend $31,474 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: 54/25/21 Blend
60$392,000$392,000$392,000$392,000
61$434,394$413,618$407,542$455,242
62$445,214$400,397$387,706$456,578
63$456,082$385,473$366,151$454,532
64$466,972$368,730$342,786$451,631
65$477,849$350,045$317,516$447,803
66$488,679$329,286$290,242$442,970
67$499,419$306,315$260,860$437,049
68$510,022$280,988$229,261$429,950
69$520,437$253,148$195,334$421,578
70$530,603$222,634$158,959$411,828
71$540,454$189,273$120,013$400,589
72$549,915$152,882$78,369$387,742
73$558,903$113,270$33,891$373,156
74$567,324$70,233$0$356,692
75$575,074$23,557$0$341,242
76$582,035$0$0$331,905
77$588,078$0$0$328,361
78$593,057$0$0$330,644
79$596,812$0$0$332,177
80$599,162$0$0$332,852
81$599,909$0$0$332,550
82$598,830$0$0$331,138
83$595,680$0$0$328,469
84$590,185$0$0$324,380
85$582,043$0$0$318,689
86$570,917$0$0$311,197
87$556,436$0$0$301,681
88$538,188$0$0$289,894
89$515,715$0$0$275,564
90$488,514$0$0$258,390
91$456,023$0$0$238,038
92$417,626$0$0$214,138
93$372,638$0$0$186,284
94$320,301$0$0$154,022
95$259,781$0$0$116,855
96$190,152$0$0$74,232
97$110,392$0$0$25,543
98$19,374$0$0$0
99$0$0$0$0
100$0$0$0$0