Can I retire at age 61 with 399,000?

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 $399,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$32,949$32,656$32,369$32,090$31,817$31,656
2 years$16,311$16,008$15,713$15,428$15,151$14,989
3 years$10,766$10,461$10,167$9,885$9,612$9,454
4 years$7,994$7,690$7,399$7,121$6,856$6,702
5 years$6,331$6,029$5,742$5,470$5,212$5,063
6 years$5,223$4,923$4,641$4,374$4,124$3,980
7 years$4,432$4,135$3,856$3,596$3,354$3,216
8 years$3,839$3,544$3,270$3,017$2,782$2,650
9 years$3,378$3,086$2,817$2,570$2,343$2,216
10 years$3,009$2,720$2,456$2,215$1,996$1,875
11 years$2,708$2,421$2,162$1,928$1,717$1,601
12 years$2,457$2,173$1,919$1,691$1,488$1,377
13 years$2,244$1,964$1,714$1,493$1,297$1,192
14 years$2,063$1,785$1,540$1,325$1,137$1,037
15 years$1,905$1,631$1,391$1,182$1,001$905
16 years$1,768$1,496$1,261$1,058$885$794
17 years$1,646$1,378$1,147$951$785$698
18 years$1,539$1,273$1,047$857$698$616
19 years$1,443$1,180$959$774$622$544
20 years$1,356$1,097$880$701$556$482
21 years$1,278$1,021$809$636$497$427
22 years$1,207$954$746$579$446$380
23 years$1,142$892$689$527$400$338
24 years$1,083$836$637$481$360$301
25 years$1,029$784$590$439$324$268
26 years$979$737$547$401$291$240
27 years$932$694$508$367$263$214
28 years$889$654$472$337$237$191
29 years$849$617$440$309$214$171
30 years$812$582$409$283$193$153
31 years$777$550$382$260$175$137
32 years$745$521$356$239$158$123
33 years$715$493$333$220$143$110
34 years$686$467$311$202$130$99
35 years$659$443$290$186$117$88
36 years$634$421$272$172$106$79
37 years$610$400$254$158$96$71
38 years$587$380$238$146$87$64
39 years$566$361$223$134$79$57
40 years$545$344$209$124$72$51
41 years$526$327$196$114$65$46
42 years$508$312$184$105$59$42
43 years$491$297$173$97$54$37
44 years$474$283$162$90$49$34
45 years$458$270$152$83$44$30
46 years$443$257$143$77$40$27
47 years$429$246$134$71$36$24
48 years$415$234$126$65$33$22
49 years$402$224$119$61$30$20
50 years$390$214$111$56$27$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $399,000, adding $5,834 every year, while hoping to spend $22,790 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: 53/28/19 Blend
60$399,000$399,000$399,000$399,000
61$445,716$424,569$418,384$466,739
62$466,930$421,124$408,152$478,353
63$489,545$416,747$396,813$488,105
64$513,679$411,368$384,306$498,223
65$539,461$404,912$370,567$508,748
66$567,035$397,301$355,530$519,727
67$596,557$388,453$339,125$531,213
68$628,198$378,280$321,277$543,267
69$662,146$366,688$301,912$555,955
70$698,608$353,579$280,950$569,355
71$737,810$338,848$258,306$583,551
72$780,002$322,386$233,894$598,639
73$825,455$304,076$207,622$614,727
74$874,470$283,795$179,396$631,934
75$927,376$261,411$149,116$650,397
76$984,535$236,787$116,679$670,264
77$1,046,346$209,778$81,975$691,705
78$1,113,245$180,229$44,893$714,907
79$1,185,714$147,977$5,314$740,081
80$1,264,279$112,851$0$767,461
81$1,349,524$74,669$0$804,793
82$1,442,087$33,239$0$846,518
83$1,542,671$0$0$891,909
84$1,652,049$0$0$944,942
85$1,771,073$0$0$1,013,830
86$1,900,679$0$0$1,088,879
87$2,041,896$0$0$1,170,690
88$2,195,859$0$0$1,259,924
89$2,363,816$0$0$1,357,309
90$2,547,139$0$0$1,463,647
91$2,747,341$0$0$1,579,820
92$2,966,086$0$0$1,706,799
93$3,205,207$0$0$1,845,654
94$3,466,720$0$0$1,997,562
95$3,752,846$0$0$2,163,820
96$4,066,032$0$0$2,345,856
97$4,408,971$0$0$2,545,240
98$4,784,627$0$0$2,763,705
99$5,196,268$0$0$3,003,158
100$5,647,489$0$0$3,265,697