Can I retire at age 61 with 415,000?

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 $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%14%
1 years$34,270$33,965$33,667$33,377$33,093$32,544
2 years$16,966$16,650$16,343$16,046$15,758$15,208
3 years$11,198$10,881$10,575$10,281$9,998$9,462
4 years$8,315$7,998$7,696$7,407$7,131$6,613
5 years$6,585$6,271$5,972$5,689$5,420$4,923
6 years$5,433$5,121$4,827$4,550$4,289$3,813
7 years$4,610$4,300$4,011$3,741$3,488$3,033
8 years$3,993$3,686$3,402$3,138$2,894$2,459
9 years$3,513$3,209$2,930$2,673$2,437$2,023
10 years$3,130$2,829$2,554$2,304$2,076$1,683
11 years$2,816$2,518$2,249$2,005$1,786$1,412
12 years$2,555$2,260$1,996$1,759$1,548$1,193
13 years$2,334$2,043$1,783$1,553$1,349$1,014
14 years$2,145$1,857$1,602$1,378$1,183$866
15 years$1,982$1,696$1,446$1,229$1,042$742
16 years$1,839$1,556$1,311$1,101$921$638
17 years$1,712$1,433$1,193$989$816$551
18 years$1,600$1,324$1,089$891$726$476
19 years$1,500$1,227$997$805$647$412
20 years$1,410$1,141$915$729$578$358
21 years$1,329$1,062$842$662$517$311
22 years$1,255$992$776$602$463$270
23 years$1,188$928$716$548$416$235
24 years$1,127$869$663$500$374$205
25 years$1,070$816$614$457$336$179
26 years$1,018$767$569$417$303$156
27 years$970$721$528$382$273$136
28 years$925$680$491$350$247$119
29 years$883$641$457$321$223$104
30 years$845$606$426$295$201$91
31 years$809$572$397$271$182$80
32 years$775$542$370$249$165$70
33 years$743$513$346$229$149$61
34 years$713$486$323$210$135$54
35 years$685$461$302$194$122$47
36 years$659$438$283$178$111$41
37 years$634$416$265$164$100$36
38 years$611$395$248$151$91$32
39 years$588$376$232$140$82$28
40 years$567$357$218$129$75$24
41 years$547$340$204$119$68$21
42 years$528$324$191$110$62$19
43 years$510$309$180$101$56$16
44 years$493$294$169$94$51$14
45 years$477$281$158$86$46$13
46 years$461$268$149$80$42$11
47 years$446$255$140$74$38$10
48 years$432$244$131$68$34$8
49 years$418$233$123$63$31$7
50 years$405$222$116$58$28$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $415,000, adding $3,093 every year, while hoping to spend $32,349 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: 42/42/16 Blend
60$415,000$415,000$415,000$415,000
61$460,520$438,525$432,093$477,584
62$473,074$425,594$412,149$476,986
63$485,825$410,945$390,453$472,920
64$498,757$394,460$366,911$467,827
65$511,855$376,013$341,427$461,627
66$525,099$355,472$313,900$454,238
67$538,467$332,698$284,223$445,568
68$551,932$307,542$252,286$435,522
69$565,464$279,847$217,973$424,000
70$579,030$249,447$181,164$410,891
71$592,590$216,169$141,731$396,080
72$606,100$179,827$99,545$379,444
73$619,509$140,226$54,467$360,851
74$632,761$97,159$6,354$340,159
75$645,792$50,409$0$317,218
76$658,529$0$0$299,550
77$670,892$0$0$281,075
78$682,789$0$0$285,655
79$694,119$0$0$289,942
80$704,768$0$0$293,884
81$714,608$0$0$297,421
82$723,498$0$0$300,485
83$731,278$0$0$303,003
84$737,772$0$0$304,892
85$742,784$0$0$306,059
86$746,094$0$0$306,403
87$747,459$0$0$305,809
88$746,610$0$0$304,151
89$743,246$0$0$301,290
90$737,033$0$0$297,069
91$727,604$0$0$291,316
92$714,547$0$0$283,842
93$697,409$0$0$274,433
94$675,688$0$0$262,856
95$648,826$0$0$248,852
96$616,207$0$0$232,134
97$577,149$0$0$212,385
98$530,897$0$0$189,253
99$476,615$0$0$162,351
100$413,382$0$0$131,249