Can I retire at age 61 with 409,000?

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 $409,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$33,775$33,474$33,180$32,894$32,614$32,422
2 years$16,720$16,409$16,107$15,814$15,531$15,337
3 years$11,036$10,723$10,422$10,132$9,853$9,664
4 years$8,195$7,883$7,585$7,300$7,027$6,844
5 years$6,490$6,180$5,886$5,607$5,342$5,165
6 years$5,354$5,047$4,757$4,484$4,227$4,056
7 years$4,543$4,238$3,953$3,687$3,438$3,274
8 years$3,935$3,633$3,352$3,093$2,852$2,694
9 years$3,462$3,163$2,887$2,634$2,402$2,251
10 years$3,085$2,788$2,517$2,271$2,046$1,902
11 years$2,776$2,482$2,216$1,976$1,760$1,622
12 years$2,518$2,228$1,967$1,733$1,525$1,393
13 years$2,301$2,013$1,757$1,530$1,330$1,204
14 years$2,114$1,830$1,579$1,358$1,166$1,046
15 years$1,953$1,672$1,426$1,211$1,026$913
16 years$1,812$1,534$1,292$1,085$907$799
17 years$1,688$1,413$1,176$975$804$702
18 years$1,577$1,305$1,074$878$715$618
19 years$1,479$1,210$983$794$638$545
20 years$1,390$1,124$902$719$569$482
21 years$1,310$1,047$830$652$510$427
22 years$1,237$977$765$593$457$379
23 years$1,171$914$706$540$410$337
24 years$1,110$856$653$493$369$299
25 years$1,054$804$605$450$332$267
26 years$1,003$755$561$411$299$238
27 years$956$711$521$377$269$212
28 years$912$670$484$345$243$189
29 years$871$632$451$316$219$169
30 years$833$597$420$290$198$151
31 years$797$564$391$267$179$135
32 years$764$534$365$245$162$121
33 years$732$506$341$225$147$108
34 years$703$479$318$207$133$97
35 years$676$454$298$191$120$86
36 years$650$431$279$176$109$77
37 years$625$410$261$162$99$69
38 years$602$389$244$149$90$62
39 years$580$370$229$138$81$56
40 years$559$352$214$127$74$50
41 years$539$335$201$117$67$45
42 years$521$319$189$108$61$40
43 years$503$304$177$100$55$36
44 years$486$290$166$92$50$32
45 years$470$277$156$85$45$29
46 years$454$264$146$79$41$26
47 years$440$252$138$73$37$23
48 years$426$240$129$67$34$21
49 years$412$230$122$62$31$19
50 years$399$219$114$57$28$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $409,000, adding $4,458 every year, while hoping to spend $21,111 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: 74/13/13 Blend
60$409,000$409,000$409,000$409,000
61$455,316$433,639$427,300$487,450
62$479,297$432,426$419,153$508,078
63$505,016$430,445$410,025$527,616
64$532,628$427,638$399,861$548,448
65$562,304$423,940$388,604$570,696
66$594,230$419,284$376,194$594,496
67$628,612$413,599$362,567$619,997
68$665,674$406,810$347,657$647,362
69$705,665$398,835$331,395$676,775
70$748,855$389,591$313,709$708,435
71$795,544$378,987$294,525$742,564
72$846,060$366,928$273,762$779,405
73$900,764$353,313$251,338$819,229
74$960,053$338,035$227,169$862,332
75$1,024,362$320,983$201,163$909,044
76$1,094,172$302,036$173,227$959,727
77$1,170,010$281,069$143,263$1,014,780
78$1,252,457$257,947$111,168$1,074,646
79$1,342,152$232,531$76,836$1,139,812
80$1,439,796$204,670$40,155$1,210,815
81$1,546,164$174,207$1,009$1,288,249
82$1,662,106$140,976$0$1,372,768
83$1,788,558$104,802$0$1,470,751
84$1,926,552$65,497$0$1,577,856
85$2,077,220$22,867$0$1,694,843
86$2,241,813$0$0$1,822,700
87$2,421,706$0$0$1,965,853
88$2,618,410$0$0$2,125,978
89$2,833,594$0$0$2,301,164
90$3,069,092$0$0$2,492,906
91$3,326,925$0$0$2,702,853
92$3,609,317$0$0$2,932,817
93$3,918,720$0$0$3,184,797
94$4,257,830$0$0$3,460,994
95$4,629,622$0$0$3,763,830
96$5,037,367$0$0$4,095,974
97$5,484,670$0$0$4,460,367
98$5,975,504$0$0$4,860,246
99$6,514,242$0$0$5,299,177
100$7,105,703$0$0$5,781,090