Can I retire at age 61 with 405,000?

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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$33,445$33,147$32,856$32,572$32,295$32,065
2 years$16,557$16,248$15,949$15,660$15,379$15,146
3 years$10,928$10,618$10,320$10,033$9,757$9,530
4 years$8,114$7,806$7,511$7,228$6,959$6,739
5 years$6,427$6,120$5,829$5,552$5,290$5,078
6 years$5,302$4,997$4,710$4,440$4,186$3,981
7 years$4,499$4,197$3,914$3,650$3,404$3,208
8 years$3,897$3,597$3,320$3,062$2,824$2,636
9 years$3,429$3,132$2,859$2,608$2,378$2,198
10 years$3,054$2,761$2,493$2,248$2,026$1,854
11 years$2,748$2,458$2,195$1,957$1,743$1,578
12 years$2,494$2,206$1,948$1,716$1,510$1,353
13 years$2,278$1,994$1,740$1,515$1,317$1,167
14 years$2,094$1,812$1,563$1,345$1,154$1,012
15 years$1,934$1,655$1,412$1,200$1,016$881
16 years$1,794$1,519$1,280$1,074$898$770
17 years$1,671$1,399$1,165$965$797$675
18 years$1,562$1,292$1,063$870$708$593
19 years$1,464$1,198$973$786$631$522
20 years$1,376$1,113$893$712$564$461
21 years$1,297$1,037$822$646$505$407
22 years$1,225$968$757$587$452$360
23 years$1,159$905$699$535$406$320
24 years$1,099$848$647$488$365$284
25 years$1,044$796$599$446$328$252
26 years$993$748$555$407$296$224
27 years$946$704$516$373$267$199
28 years$903$663$479$342$241$177
29 years$862$626$446$313$217$158
30 years$824$591$416$288$196$141
31 years$789$559$387$264$178$126
32 years$756$529$361$243$161$112
33 years$725$501$338$223$145$100
34 years$696$474$315$205$132$89
35 years$669$450$295$189$119$80
36 years$643$427$276$174$108$71
37 years$619$406$258$160$98$64
38 years$596$386$242$148$89$57
39 years$574$367$227$136$80$51
40 years$554$349$212$126$73$45
41 years$534$332$199$116$66$41
42 years$516$316$187$107$60$36
43 years$498$301$175$99$55$32
44 years$481$287$164$91$49$29
45 years$465$274$154$84$45$26
46 years$450$261$145$78$41$23
47 years$435$249$136$72$37$21
48 years$421$238$128$66$34$19
49 years$408$227$120$61$31$17
50 years$395$217$113$57$28$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $405,000, adding $3,789 every year, while hoping to spend $33,110 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: 72/22/6 Blend
60$405,000$405,000$405,000$405,000
61$450,218$428,753$422,476$482,030
62$460,912$414,533$401,400$489,301
63$471,586$398,507$378,508$492,748
64$482,205$380,551$353,705$495,590
65$492,726$360,534$326,891$497,757
66$503,102$338,318$297,960$499,174
67$513,281$313,758$266,803$499,758
68$523,201$286,698$233,307$499,420
69$532,797$256,976$197,352$498,060
70$541,993$224,418$158,814$495,572
71$550,705$188,843$117,563$491,839
72$558,839$150,058$73,463$486,733
73$566,288$107,859$26,372$480,116
74$572,937$62,031$0$471,835
75$578,654$12,348$0$463,254
76$583,293$0$0$454,564
77$586,692$0$0$453,918
78$588,672$0$0$455,123
79$589,030$0$0$455,031
80$587,544$0$0$453,464
81$583,968$0$0$450,226
82$578,027$0$0$445,099
83$569,416$0$0$437,840
84$557,798$0$0$428,183
85$542,800$0$0$415,829
86$524,007$0$0$400,450
87$500,962$0$0$381,683
88$473,156$0$0$359,123
89$440,029$0$0$332,325
90$400,959$0$0$300,796
91$355,259$0$0$263,989
92$302,170$0$0$221,303
93$240,853$0$0$172,070
94$170,378$0$0$115,553
95$89,722$0$0$50,939
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