Can I retire at age 61 with 401,000?

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 $401,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$33,114$32,819$32,531$32,251$31,976$31,629
2 years$16,393$16,088$15,792$15,505$15,227$14,877
3 years$10,820$10,514$10,218$9,934$9,661$9,319
4 years$8,034$7,729$7,436$7,157$6,890$6,560
5 years$6,363$6,059$5,771$5,497$5,238$4,920
6 years$5,249$4,948$4,664$4,396$4,144$3,839
7 years$4,454$4,155$3,876$3,614$3,370$3,078
8 years$3,858$3,562$3,287$3,032$2,796$2,516
9 years$3,395$3,101$2,831$2,583$2,355$2,087
10 years$3,024$2,734$2,468$2,226$2,006$1,751
11 years$2,721$2,434$2,173$1,937$1,726$1,482
12 years$2,469$2,184$1,928$1,699$1,495$1,264
13 years$2,256$1,974$1,723$1,500$1,304$1,084
14 years$2,073$1,794$1,548$1,332$1,143$934
15 years$1,915$1,639$1,398$1,188$1,006$808
16 years$1,777$1,504$1,267$1,064$889$702
17 years$1,655$1,385$1,153$956$789$611
18 years$1,547$1,280$1,053$861$701$534
19 years$1,450$1,186$964$778$625$467
20 years$1,363$1,102$884$705$558$409
21 years$1,284$1,027$813$640$500$359
22 years$1,213$958$750$582$448$316
23 years$1,148$896$692$530$402$278
24 years$1,089$840$640$483$361$245
25 years$1,034$788$593$441$325$216
26 years$983$741$550$403$293$191
27 years$937$697$511$369$264$169
28 years$894$657$475$338$238$149
29 years$854$620$442$310$215$132
30 years$816$585$411$285$194$117
31 years$781$553$384$261$176$103
32 years$749$523$358$240$159$91
33 years$718$496$334$221$144$81
34 years$689$470$312$203$130$72
35 years$662$446$292$187$118$64
36 years$637$423$273$172$107$56
37 years$613$402$256$159$97$50
38 years$590$382$239$146$88$44
39 years$569$363$224$135$80$39
40 years$548$345$210$124$72$35
41 years$529$329$197$115$66$31
42 years$511$313$185$106$59$27
43 years$493$298$173$98$54$24
44 years$476$284$163$90$49$22
45 years$461$271$153$83$44$19
46 years$445$259$144$77$40$17
47 years$431$247$135$71$37$15
48 years$417$236$127$66$33$13
49 years$404$225$119$61$30$12
50 years$392$215$112$56$27$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $401,000, adding $4,695 every year, while hoping to spend $25,187 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: 84/10/6 Blend
60$401,000$401,000$401,000$401,000
61$446,745$425,492$419,276$483,728
62$465,514$419,542$406,523$502,617
63$485,354$412,457$392,499$519,447
64$506,346$404,154$377,134$537,136
65$528,581$394,545$360,356$555,754
66$552,158$383,540$342,090$575,377
67$577,185$371,039$322,256$596,091
68$603,778$356,940$300,772$617,987
69$632,066$341,134$277,551$641,170
70$662,192$323,504$252,503$665,751
71$694,308$303,928$225,535$691,855
72$728,584$282,277$196,547$719,618
73$765,205$258,415$165,437$749,192
74$804,374$232,195$132,097$780,742
75$846,314$203,466$96,416$814,452
76$891,268$172,066$58,276$850,523
77$939,505$137,824$17,555$889,178
78$991,317$100,561$0$930,662
79$1,047,028$60,084$0$976,904
80$1,106,990$16,195$0$1,027,850
81$1,171,594$0$0$1,082,713
82$1,241,266$0$0$1,145,311
83$1,316,474$0$0$1,214,814
84$1,397,735$0$0$1,289,915
85$1,485,614$0$0$1,371,138
86$1,580,734$0$0$1,459,061
87$1,683,779$0$0$1,554,316
88$1,795,502$0$0$1,657,599
89$1,916,730$0$0$1,769,677
90$2,048,372$0$0$1,891,391
91$2,191,431$0$0$2,023,668
92$2,347,007$0$0$2,167,527
93$2,516,311$0$0$2,324,089
94$2,700,676$0$0$2,494,588
95$2,901,568$0$0$2,680,381
96$3,120,603$0$0$2,882,963
97$3,359,556$0$0$3,103,977
98$3,620,383$0$0$3,345,233
99$3,905,236$0$0$3,608,724
100$4,216,485$0$0$3,896,643