Can I retire at age 61 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$34,188$33,883$33,586$33,296$33,013$32,439
2 years$16,925$16,609$16,304$16,008$15,720$15,144
3 years$11,171$10,854$10,550$10,256$9,974$9,413
4 years$8,295$7,979$7,677$7,389$7,113$6,573
5 years$6,569$6,256$5,958$5,676$5,407$4,888
6 years$5,420$5,108$4,815$4,539$4,279$3,781
7 years$4,599$4,290$4,001$3,732$3,480$3,005
8 years$3,983$3,677$3,393$3,130$2,887$2,434
9 years$3,505$3,202$2,923$2,666$2,431$2,000
10 years$3,122$2,822$2,548$2,298$2,071$1,661
11 years$2,809$2,512$2,243$2,000$1,781$1,392
12 years$2,549$2,255$1,991$1,755$1,544$1,175
13 years$2,329$2,038$1,779$1,549$1,346$997
14 years$2,140$1,852$1,598$1,375$1,180$850
15 years$1,977$1,692$1,443$1,226$1,039$728
16 years$1,834$1,553$1,308$1,098$918$625
17 years$1,708$1,430$1,190$987$814$538
18 years$1,597$1,321$1,087$889$724$465
19 years$1,497$1,224$995$803$645$402
20 years$1,407$1,138$913$728$576$348
21 years$1,326$1,060$840$660$516$302
22 years$1,252$989$774$600$462$262
23 years$1,185$925$715$547$415$228
24 years$1,124$867$661$499$373$198
25 years$1,067$814$612$455$336$173
26 years$1,015$765$568$416$302$151
27 years$967$720$527$381$273$131
28 years$923$678$490$349$246$115
29 years$881$640$456$320$222$100
30 years$843$604$425$294$201$87
31 years$807$571$396$270$181$76
32 years$773$540$370$248$164$67
33 years$741$512$345$228$149$58
34 years$712$485$322$210$134$51
35 years$684$460$301$193$122$45
36 years$658$437$282$178$110$39
37 years$633$415$264$164$100$34
38 years$609$394$247$151$91$30
39 years$587$375$232$139$82$26
40 years$566$357$217$129$75$23
41 years$546$339$203$119$68$20
42 years$527$323$191$109$61$17
43 years$509$308$179$101$56$15
44 years$492$294$168$93$51$13
45 years$476$280$158$86$46$12
46 years$460$267$148$80$42$10
47 years$445$255$139$74$38$9
48 years$431$243$131$68$34$8
49 years$417$232$123$63$31$7
50 years$404$222$116$58$28$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $414,000, adding $3,385 every year, while hoping to spend $27,761 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: 44/28/28 Blend
60$414,000$414,000$414,000$414,000
61$459,720$437,778$431,361$476,083
62$477,074$429,691$416,274$480,002
63$495,267$420,278$399,751$481,340
64$514,357$409,444$381,715$482,260
65$534,403$397,089$362,085$482,738
66$555,474$383,108$340,776$482,751
67$577,640$367,388$317,700$482,276
68$600,981$349,811$292,764$481,289
69$625,581$330,253$265,872$479,767
70$651,535$308,580$236,924$477,687
71$678,944$284,653$205,813$475,027
72$707,919$258,323$172,430$471,766
73$738,580$229,434$136,660$467,883
74$771,060$197,821$98,382$463,359
75$805,503$163,309$57,473$458,176
76$842,066$125,713$13,801$452,319
77$880,923$84,839$0$445,775
78$922,261$40,481$0$448,335
79$966,288$0$0$455,228
80$1,013,229$0$0$464,704
81$1,063,333$0$0$488,160
82$1,116,869$0$0$513,255
83$1,174,136$0$0$540,132
84$1,235,460$0$0$568,947
85$1,301,198$0$0$599,874
86$1,371,742$0$0$633,101
87$1,447,523$0$0$668,837
88$1,529,014$0$0$707,310
89$1,616,733$0$0$748,769
90$1,711,249$0$0$793,491
91$1,813,189$0$0$841,778
92$1,923,240$0$0$893,961
93$2,042,157$0$0$950,406
94$2,170,769$0$0$1,011,514
95$2,309,990$0$0$1,077,727
96$2,460,823$0$0$1,149,528
97$2,624,369$0$0$1,227,453
98$2,801,843$0$0$1,312,087
99$2,994,577$0$0$1,404,076
100$3,204,038$0$0$1,504,130