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%11.5%
1 years$34,270$33,965$33,667$33,377$33,093$32,884
2 years$16,966$16,650$16,343$16,046$15,758$15,548
3 years$11,198$10,881$10,575$10,281$9,998$9,792
4 years$8,315$7,998$7,696$7,407$7,131$6,931
5 years$6,585$6,271$5,972$5,689$5,420$5,228
6 years$5,433$5,121$4,827$4,550$4,289$4,104
7 years$4,610$4,300$4,011$3,741$3,488$3,310
8 years$3,993$3,686$3,402$3,138$2,894$2,723
9 years$3,513$3,209$2,930$2,673$2,437$2,273
10 years$3,130$2,829$2,554$2,304$2,076$1,920
11 years$2,816$2,518$2,249$2,005$1,786$1,636
12 years$2,555$2,260$1,996$1,759$1,548$1,405
13 years$2,334$2,043$1,783$1,553$1,349$1,213
14 years$2,145$1,857$1,602$1,378$1,183$1,053
15 years$1,982$1,696$1,446$1,229$1,042$918
16 years$1,839$1,556$1,311$1,101$921$803
17 years$1,712$1,433$1,193$989$816$705
18 years$1,600$1,324$1,089$891$726$620
19 years$1,500$1,227$997$805$647$547
20 years$1,410$1,141$915$729$578$484
21 years$1,329$1,062$842$662$517$428
22 years$1,255$992$776$602$463$379
23 years$1,188$928$716$548$416$337
24 years$1,127$869$663$500$374$299
25 years$1,070$816$614$457$336$266
26 years$1,018$767$569$417$303$237
27 years$970$721$528$382$273$211
28 years$925$680$491$350$247$188
29 years$883$641$457$321$223$168
30 years$845$606$426$295$201$150
31 years$809$572$397$271$182$134
32 years$775$542$370$249$165$120
33 years$743$513$346$229$149$107
34 years$713$486$323$210$135$96
35 years$685$461$302$194$122$86
36 years$659$438$283$178$111$77
37 years$634$416$265$164$100$69
38 years$611$395$248$151$91$61
39 years$588$376$232$140$82$55
40 years$567$357$218$129$75$49
41 years$547$340$204$119$68$44
42 years$528$324$191$110$62$40
43 years$510$309$180$101$56$35
44 years$493$294$169$94$51$32
45 years$477$281$158$86$46$28
46 years$461$268$149$80$42$25
47 years$446$255$140$74$38$23
48 years$432$244$131$68$34$20
49 years$418$233$123$63$31$18
50 years$405$222$116$58$28$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $415,000, adding $5,175 every year, while hoping to spend $31,396 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: 88/7/5 Blend
60$415,000$415,000$415,000$415,000
61$462,668$440,673$434,241$502,969
62$476,455$428,861$415,382$518,172
63$490,596$415,418$394,840$529,937
64$505,094$400,230$372,525$541,831
65$519,951$383,179$348,342$553,843
66$535,169$364,138$322,194$565,961
67$550,748$342,972$293,979$578,170
68$566,687$319,541$263,590$590,452
69$582,984$293,693$230,916$602,791
70$599,637$265,272$195,839$615,164
71$616,639$234,110$158,239$627,549
72$633,984$200,029$117,989$639,919
73$651,664$162,844$74,955$652,246
74$669,667$122,357$28,999$664,497
75$687,980$78,359$0$676,637
76$706,586$30,630$0$689,695
77$725,465$0$0$704,277
78$744,594$0$0$720,418
79$763,946$0$0$739,133
80$783,489$0$0$758,031
81$803,187$0$0$777,077
82$822,997$0$0$796,231
83$842,870$0$0$815,445
84$862,753$0$0$834,665
85$882,582$0$0$853,831
86$902,286$0$0$872,875
87$921,785$0$0$891,717
88$940,988$0$0$910,270
89$959,793$0$0$928,435
90$978,085$0$0$946,100
91$995,735$0$0$963,141
92$1,012,599$0$0$979,416
93$1,028,514$0$0$994,770
94$1,043,301$0$0$1,009,027
95$1,056,758$0$0$1,021,990
96$1,068,659$0$0$1,033,443
97$1,078,753$0$0$1,043,140
98$1,086,761$0$0$1,050,812
99$1,092,372$0$0$1,056,156
100$1,095,240$0$0$1,058,838