Can I retire at age 61 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$33,610$33,310$33,018$32,733$32,455$31,957
2 years$16,638$16,329$16,028$15,737$15,455$14,954
3 years$10,982$10,671$10,371$10,083$9,805$9,317
4 years$8,155$7,844$7,548$7,264$6,993$6,522
5 years$6,458$6,150$5,857$5,580$5,316$4,863
6 years$5,328$5,022$4,734$4,462$4,206$3,772
7 years$4,521$4,217$3,934$3,668$3,421$3,006
8 years$3,916$3,615$3,336$3,077$2,838$2,442
9 years$3,446$3,148$2,873$2,621$2,390$2,012
10 years$3,069$2,774$2,505$2,260$2,036$1,677
11 years$2,762$2,470$2,205$1,966$1,751$1,410
12 years$2,506$2,217$1,957$1,725$1,518$1,194
13 years$2,289$2,003$1,749$1,523$1,323$1,016
14 years$2,104$1,821$1,571$1,352$1,160$870
15 years$1,943$1,664$1,419$1,206$1,021$747
16 years$1,803$1,526$1,286$1,079$903$644
17 years$1,679$1,406$1,170$970$800$556
18 years$1,570$1,299$1,068$874$712$482
19 years$1,471$1,204$978$790$634$418
20 years$1,383$1,119$898$715$567$364
21 years$1,304$1,042$826$649$507$317
22 years$1,231$973$761$590$455$276
23 years$1,165$910$703$538$408$241
24 years$1,105$852$650$490$367$211
25 years$1,049$800$602$448$330$184
26 years$998$752$558$409$297$161
27 years$951$707$518$375$268$141
28 years$907$667$482$343$242$124
29 years$866$629$448$315$218$108
30 years$828$594$418$289$197$95
31 years$793$561$389$265$178$83
32 years$760$531$363$244$161$73
33 years$729$503$339$224$146$64
34 years$700$477$317$206$132$56
35 years$672$452$296$190$120$49
36 years$646$429$277$175$108$43
37 years$622$408$259$161$98$38
38 years$599$387$243$149$89$34
39 years$577$368$228$137$81$29
40 years$556$351$213$126$73$26
41 years$537$334$200$117$67$23
42 years$518$318$188$108$60$20
43 years$500$303$176$99$55$18
44 years$484$289$165$92$50$15
45 years$467$275$155$85$45$14
46 years$452$263$146$78$41$12
47 years$438$251$137$72$37$11
48 years$424$239$129$67$34$9
49 years$410$228$121$62$31$8
50 years$397$218$114$57$28$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $407,000, adding $3,309 every year, while hoping to spend $22,886 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: 82/5/13 Blend
60$407,000$407,000$407,000$407,000
61$451,927$430,356$424,048$487,616
62$473,673$427,093$413,903$508,243
63$496,870$422,903$402,651$527,543
64$521,642$417,717$390,231$548,059
65$548,125$411,460$376,579$569,901
66$576,467$404,055$361,628$593,191
67$606,832$395,418$345,307$618,063
68$639,398$385,463$327,544$644,663
69$674,361$374,096$308,262$673,154
70$711,939$361,219$287,381$703,716
71$752,366$346,728$264,817$736,545
72$795,902$330,513$240,484$771,858
73$842,833$312,457$214,290$809,895
74$893,473$292,438$186,139$850,920
75$948,164$270,325$155,932$895,224
76$1,007,287$245,980$123,565$943,128
77$1,071,255$219,259$88,930$994,985
78$1,140,528$190,006$51,913$1,051,184
79$1,215,606$158,061$12,396$1,112,157
80$1,297,042$123,251$0$1,178,376
81$1,385,444$85,394$0$1,254,494
82$1,481,481$44,300$0$1,339,061
83$1,585,887$0$0$1,431,008
84$1,699,472$0$0$1,531,068
85$1,823,124$0$0$1,642,659
86$1,957,824$0$0$1,764,229
87$2,104,648$0$0$1,896,749
88$2,264,783$0$0$2,041,293
89$2,439,534$0$0$2,199,039
90$2,630,337$0$0$2,371,286
91$2,838,774$0$0$2,559,462
92$3,066,587$0$0$2,765,141
93$3,315,691$0$0$2,990,054
94$3,588,198$0$0$3,236,109
95$3,886,431$0$0$3,505,405
96$4,212,949$0$0$3,800,254
97$4,570,571$0$0$4,123,203
98$4,962,398$0$0$4,477,055
99$5,391,850$0$0$4,864,899
100$5,862,689$0$0$5,290,135