Can I retire at age 61 with 422,000?

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 $422,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$34,848$34,538$34,235$33,940$33,651$32,945
2 years$17,252$16,930$16,619$16,317$16,024$15,316
3 years$11,387$11,064$10,754$10,455$10,166$9,478
4 years$8,455$8,133$7,826$7,532$7,251$6,588
5 years$6,696$6,377$6,073$5,785$5,512$4,877
6 years$5,524$5,207$4,908$4,626$4,361$3,754
7 years$4,688$4,373$4,079$3,804$3,547$2,968
8 years$4,060$3,748$3,459$3,191$2,943$2,391
9 years$3,572$3,264$2,979$2,718$2,478$1,954
10 years$3,183$2,877$2,597$2,343$2,111$1,615
11 years$2,864$2,561$2,287$2,039$1,816$1,346
12 years$2,598$2,299$2,029$1,788$1,574$1,129
13 years$2,374$2,077$1,813$1,579$1,372$952
14 years$2,182$1,888$1,629$1,402$1,203$807
15 years$2,015$1,725$1,471$1,250$1,059$687
16 years$1,870$1,583$1,334$1,119$936$586
17 years$1,741$1,457$1,213$1,006$830$501
18 years$1,627$1,347$1,108$906$738$430
19 years$1,526$1,248$1,014$819$658$369
20 years$1,434$1,160$931$742$588$318
21 years$1,352$1,080$856$673$526$274
22 years$1,277$1,008$789$612$471$236
23 years$1,208$943$728$557$423$204
24 years$1,146$884$674$508$380$176
25 years$1,088$829$624$464$342$152
26 years$1,035$779$579$424$308$132
27 years$986$734$537$389$278$114
28 years$941$691$500$356$251$99
29 years$898$652$465$326$226$86
30 years$859$616$433$300$205$74
31 years$822$582$404$275$185$64
32 years$788$551$377$253$167$56
33 years$756$522$352$233$151$48
34 years$725$494$329$214$137$42
35 years$697$469$307$197$124$37
36 years$670$445$287$181$112$32
37 years$645$423$269$167$102$28
38 years$621$402$252$154$92$24
39 years$598$382$236$142$84$21
40 years$577$363$221$131$76$18
41 years$557$346$207$121$69$16
42 years$537$329$195$112$63$14
43 years$519$314$183$103$57$12
44 years$501$299$171$95$52$10
45 years$485$285$161$88$47$9
46 years$469$272$151$81$42$8
47 years$454$260$142$75$39$7
48 years$439$248$133$69$35$6
49 years$425$237$125$64$32$5
50 years$412$226$118$59$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $422,000, adding $2,060 every year, while hoping to spend $32,123 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: 67/10/23 Blend
60$422,000$422,000$422,000$422,000
61$467,169$444,803$438,262$495,594
62$480,641$432,420$418,765$502,547
63$494,412$418,353$397,538$506,280
64$508,476$402,486$374,490$509,611
65$522,829$384,697$349,524$512,500
66$537,465$364,854$322,540$514,906
67$552,374$342,820$293,434$516,783
68$567,548$318,450$262,095$518,082
69$582,972$291,588$228,409$518,750
70$598,631$262,072$192,257$518,731
71$614,508$229,730$153,515$517,964
72$630,582$194,381$112,051$516,382
73$646,827$155,831$67,730$513,916
74$663,214$113,877$20,410$510,489
75$679,711$68,306$0$506,018
76$696,279$18,891$0$507,801
77$712,875$0$0$514,182
78$729,449$0$0$523,892
79$745,946$0$0$535,610
80$762,302$0$0$547,208
81$778,444$0$0$558,635
82$794,291$0$0$569,828
83$809,754$0$0$580,720
84$824,728$0$0$591,236
85$839,100$0$0$601,290
86$852,741$0$0$610,787
87$865,506$0$0$619,619
88$877,236$0$0$627,668
89$887,751$0$0$634,801
90$896,852$0$0$640,869
91$904,315$0$0$645,708
92$909,892$0$0$649,134
93$913,309$0$0$650,942
94$914,258$0$0$650,906
95$912,399$0$0$648,774
96$907,355$0$0$644,265
97$898,706$0$0$637,071
98$885,987$0$0$626,846
99$868,682$0$0$613,208
100$846,221$0$0$595,737