Can I retire at age 61 with 415,000?

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 $415,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$34,270$33,965$33,667$33,377$33,093$32,046
2 years$16,966$16,650$16,343$16,046$15,758$14,714
3 years$11,198$10,881$10,575$10,281$9,998$8,987
4 years$8,315$7,998$7,696$7,407$7,131$6,162
5 years$6,585$6,271$5,972$5,689$5,420$4,497
6 years$5,433$5,121$4,827$4,550$4,289$3,411
7 years$4,610$4,300$4,011$3,741$3,488$2,656
8 years$3,993$3,686$3,402$3,138$2,894$2,106
9 years$3,513$3,209$2,930$2,673$2,437$1,694
10 years$3,130$2,829$2,554$2,304$2,076$1,376
11 years$2,816$2,518$2,249$2,005$1,786$1,127
12 years$2,555$2,260$1,996$1,759$1,548$929
13 years$2,334$2,043$1,783$1,553$1,349$770
14 years$2,145$1,857$1,602$1,378$1,183$640
15 years$1,982$1,696$1,446$1,229$1,042$534
16 years$1,839$1,556$1,311$1,101$921$447
17 years$1,712$1,433$1,193$989$816$375
18 years$1,600$1,324$1,089$891$726$315
19 years$1,500$1,227$997$805$647$266
20 years$1,410$1,141$915$729$578$224
21 years$1,329$1,062$842$662$517$189
22 years$1,255$992$776$602$463$160
23 years$1,188$928$716$548$416$135
24 years$1,127$869$663$500$374$114
25 years$1,070$816$614$457$336$97
26 years$1,018$767$569$417$303$82
27 years$970$721$528$382$273$69
28 years$925$680$491$350$247$59
29 years$883$641$457$321$223$50
30 years$845$606$426$295$201$42
31 years$809$572$397$271$182$36
32 years$775$542$370$249$165$30
33 years$743$513$346$229$149$26
34 years$713$486$323$210$135$22
35 years$685$461$302$194$122$19
36 years$659$438$283$178$111$16
37 years$634$416$265$164$100$13
38 years$611$395$248$151$91$11
39 years$588$376$232$140$82$10
40 years$567$357$218$129$75$8
41 years$547$340$204$119$68$7
42 years$528$324$191$110$62$6
43 years$510$309$180$101$56$5
44 years$493$294$169$94$51$4
45 years$477$281$158$86$46$4
46 years$461$268$149$80$42$3
47 years$446$255$140$74$38$3
48 years$432$244$131$68$34$2
49 years$418$233$123$63$31$2
50 years$405$222$116$58$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $415,000, adding $6,779 every year, while hoping to spend $30,853 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: 48/47/5 Blend
60$415,000$415,000$415,000$415,000
61$464,323$442,328$435,895$485,699
62$478,856$431,174$417,670$489,879
63$493,838$418,440$397,801$490,575
64$509,281$404,016$376,199$490,595
65$525,200$387,784$352,773$489,883
66$541,607$369,623$327,428$488,381
67$558,517$349,400$300,063$486,028
68$575,945$326,980$270,574$482,757
69$593,904$302,215$238,851$478,500
70$612,411$274,952$204,781$473,181
71$631,480$245,027$168,244$466,724
72$651,127$212,270$129,117$459,045
73$671,367$176,497$87,268$450,056
74$692,218$137,517$42,563$439,664
75$713,696$95,126$0$427,770
76$735,817$49,111$0$414,545
77$758,597$0$0$402,045
78$782,055$0$0$388,278
79$806,207$0$0$400,253
80$831,070$0$0$412,580
81$856,663$0$0$425,266
82$883,002$0$0$438,320
83$910,104$0$0$451,750
84$937,988$0$0$465,565
85$966,670$0$0$479,773
86$996,167$0$0$494,382
87$1,026,496$0$0$509,400
88$1,057,674$0$0$524,834
89$1,089,715$0$0$540,691
90$1,122,636$0$0$556,980
91$1,156,450$0$0$573,706
92$1,191,172$0$0$590,875
93$1,226,813$0$0$608,492
94$1,263,385$0$0$626,564
95$1,300,898$0$0$645,092
96$1,339,360$0$0$664,081
97$1,378,776$0$0$683,533
98$1,419,151$0$0$703,448
99$1,460,486$0$0$723,824
100$1,502,780$0$0$744,662