Can I retire at age 61 with 419,000?

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 $419,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$34,601$34,292$33,992$33,698$33,412$33,257
2 years$17,129$16,810$16,501$16,201$15,910$15,754
3 years$11,306$10,986$10,677$10,380$10,094$9,941
4 years$8,395$8,076$7,770$7,478$7,199$7,051
5 years$6,649$6,331$6,030$5,744$5,473$5,329
6 years$5,485$5,170$4,873$4,594$4,330$4,192
7 years$4,654$4,342$4,050$3,777$3,522$3,389
8 years$4,031$3,722$3,434$3,168$2,922$2,794
9 years$3,547$3,240$2,958$2,699$2,460$2,338
10 years$3,160$2,856$2,579$2,326$2,096$1,979
11 years$2,843$2,543$2,270$2,024$1,803$1,691
12 years$2,580$2,282$2,015$1,776$1,562$1,455
13 years$2,357$2,062$1,800$1,568$1,362$1,260
14 years$2,166$1,875$1,617$1,392$1,194$1,097
15 years$2,001$1,713$1,460$1,241$1,052$959
16 years$1,856$1,571$1,324$1,111$929$841
17 years$1,729$1,447$1,205$998$824$740
18 years$1,616$1,337$1,100$900$733$653
19 years$1,515$1,239$1,007$813$653$578
20 years$1,424$1,152$924$736$583$512
21 years$1,342$1,073$850$668$522$455
22 years$1,267$1,001$783$608$468$404
23 years$1,200$936$723$553$420$360
24 years$1,137$877$669$505$378$321
25 years$1,080$823$620$461$340$286
26 years$1,028$774$575$421$306$256
27 years$979$728$534$386$276$229
28 years$934$686$496$353$249$204
29 years$892$647$462$324$225$183
30 years$853$611$430$297$203$164
31 years$816$578$401$273$184$147
32 years$782$547$374$251$166$132
33 years$750$518$349$231$150$118
34 years$720$491$326$212$136$106
35 years$692$466$305$196$123$95
36 years$665$442$285$180$112$85
37 years$640$420$267$166$101$77
38 years$617$399$250$153$92$69
39 years$594$379$234$141$83$62
40 years$573$361$220$130$75$56
41 years$553$344$206$120$68$50
42 years$533$327$193$111$62$45
43 years$515$312$181$102$56$40
44 years$498$297$170$94$51$36
45 years$481$283$160$87$46$33
46 years$465$270$150$81$42$29
47 years$450$258$141$74$38$26
48 years$436$246$132$69$35$24
49 years$422$235$125$64$32$21
50 years$409$225$117$59$29$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $419,000, adding $4,761 every year, while hoping to spend $33,575 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: 85/10/5 Blend
60$419,000$419,000$419,000$419,000
61$466,649$444,442$437,947$505,905
62$478,524$430,496$416,895$518,267
63$490,484$414,742$394,012$526,741
64$502,504$397,054$369,202$534,970
65$514,553$377,303$342,364$542,909
66$526,595$355,349$313,391$550,504
67$538,592$331,045$282,174$557,698
68$550,498$304,237$248,597$564,426
69$562,264$274,759$212,539$570,618
70$573,831$242,439$173,876$576,195
71$585,137$207,093$132,475$581,072
72$596,107$168,527$88,200$585,154
73$606,663$126,537$40,907$588,335
74$616,712$80,907$0$590,502
75$626,153$31,408$0$592,037
76$634,874$0$0$594,652
77$642,746$0$0$598,460
78$649,630$0$0$604,794
79$655,368$0$0$610,052
80$659,785$0$0$614,068
81$662,685$0$0$616,661
82$663,853$0$0$617,626
83$663,047$0$0$616,739
84$660,001$0$0$613,749
85$654,418$0$0$608,378
86$645,969$0$0$600,319
87$634,289$0$0$589,228
88$618,975$0$0$574,729
89$599,578$0$0$556,400
90$575,603$0$0$533,778
91$546,500$0$0$506,348
92$511,664$0$0$473,542
93$470,420$0$0$434,728
94$422,027$0$0$389,212
95$365,662$0$0$336,222
96$300,415$0$0$274,908
97$225,284$0$0$204,328
98$139,158$0$0$123,443
99$40,809$0$0$31,102
100$0$0$0$0