Can I retire at age 61 with 406,000?

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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$33,527$33,228$32,937$32,653$32,375$32,010
2 years$16,598$16,288$15,989$15,698$15,417$15,049
3 years$10,955$10,645$10,346$10,058$9,781$9,423
4 years$8,134$7,825$7,529$7,246$6,976$6,629
5 years$6,443$6,135$5,843$5,566$5,303$4,969
6 years$5,315$5,010$4,722$4,451$4,196$3,875
7 years$4,510$4,207$3,924$3,659$3,413$3,105
8 years$3,906$3,606$3,328$3,070$2,831$2,537
9 years$3,437$3,140$2,866$2,615$2,384$2,103
10 years$3,062$2,768$2,499$2,254$2,031$1,763
11 years$2,755$2,464$2,200$1,962$1,747$1,492
12 years$2,500$2,211$1,952$1,721$1,514$1,271
13 years$2,284$1,998$1,744$1,519$1,320$1,089
14 years$2,099$1,817$1,567$1,348$1,157$938
15 years$1,939$1,659$1,415$1,203$1,019$811
16 years$1,799$1,523$1,283$1,077$901$704
17 years$1,675$1,402$1,167$967$799$613
18 years$1,566$1,296$1,066$872$710$535
19 years$1,468$1,201$976$788$633$468
20 years$1,380$1,116$895$714$565$410
21 years$1,300$1,039$824$648$506$359
22 years$1,228$970$759$589$453$316
23 years$1,162$907$701$536$407$278
24 years$1,102$850$648$489$366$245
25 years$1,047$798$600$447$329$215
26 years$996$750$557$408$297$190
27 years$949$706$517$374$267$168
28 years$905$665$481$342$241$148
29 years$864$627$447$314$218$131
30 years$826$592$417$288$197$116
31 years$791$560$388$265$178$102
32 years$758$530$362$243$161$91
33 years$727$502$338$224$146$80
34 years$698$476$316$206$132$71
35 years$671$451$296$189$119$63
36 years$645$428$277$175$108$56
37 years$620$407$259$161$98$49
38 years$597$387$242$148$89$44
39 years$576$368$227$137$81$39
40 years$555$350$213$126$73$34
41 years$535$333$200$116$66$30
42 years$517$317$187$107$60$27
43 years$499$302$176$99$55$24
44 years$482$288$165$91$50$21
45 years$466$275$155$84$45$19
46 years$451$262$145$78$41$17
47 years$436$250$137$72$37$15
48 years$423$239$128$67$34$13
49 years$409$228$121$62$31$12
50 years$396$218$113$57$28$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $406,000, adding $3,206 every year, while hoping to spend $29,484 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: 71/8/21 Blend
60$406,000$406,000$406,000$406,000
61$450,719$429,201$422,908$480,180
62$465,322$418,861$405,705$489,895
63$480,425$407,026$386,937$496,729
64$496,051$393,592$366,521$503,481
65$512,218$378,449$344,370$510,140
66$528,950$361,479$320,392$516,694
67$546,270$342,558$294,492$523,130
68$564,203$321,557$266,571$529,434
69$582,775$298,336$236,524$535,595
70$602,013$272,749$204,243$541,596
71$621,947$244,643$169,613$547,424
72$642,608$213,853$132,518$553,063
73$664,028$180,206$92,832$558,499
74$686,244$143,521$50,427$563,715
75$709,292$103,605$5,167$568,695
76$733,212$60,254$0$573,423
77$758,047$13,253$0$587,546
78$783,841$0$0$603,248
79$810,643$0$0$622,699
80$838,504$0$0$644,134
81$867,481$0$0$666,430
82$897,631$0$0$689,633
83$929,020$0$0$713,792
84$961,715$0$0$738,961
85$995,790$0$0$765,196
86$1,031,323$0$0$792,560
87$1,068,401$0$0$821,118
88$1,107,115$0$0$850,941
89$1,147,565$0$0$882,109
90$1,189,858$0$0$914,702
91$1,234,109$0$0$948,813
92$1,280,446$0$0$984,539
93$1,329,002$0$0$1,021,986
94$1,379,928$0$0$1,061,268
95$1,433,381$0$0$1,102,512
96$1,489,537$0$0$1,145,851
97$1,548,584$0$0$1,191,433
98$1,610,728$0$0$1,239,420
99$1,676,193$0$0$1,289,984
100$1,745,222$0$0$1,343,316