Can I retire at age 61 with 422,000?

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 $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%13.4%
1 years$34,848$34,538$34,235$33,940$33,651$33,175
2 years$17,252$16,930$16,619$16,317$16,024$15,546
3 years$11,387$11,064$10,754$10,455$10,166$9,701
4 years$8,455$8,133$7,826$7,532$7,251$6,801
5 years$6,696$6,377$6,073$5,785$5,512$5,079
6 years$5,524$5,207$4,908$4,626$4,361$3,946
7 years$4,688$4,373$4,079$3,804$3,547$3,149
8 years$4,060$3,748$3,459$3,191$2,943$2,563
9 years$3,572$3,264$2,979$2,718$2,478$2,116
10 years$3,183$2,877$2,597$2,343$2,111$1,766
11 years$2,864$2,561$2,287$2,039$1,816$1,488
12 years$2,598$2,299$2,029$1,788$1,574$1,262
13 years$2,374$2,077$1,813$1,579$1,372$1,077
14 years$2,182$1,888$1,629$1,402$1,203$923
15 years$2,015$1,725$1,471$1,250$1,059$795
16 years$1,870$1,583$1,334$1,119$936$686
17 years$1,741$1,457$1,213$1,006$830$594
18 years$1,627$1,347$1,108$906$738$516
19 years$1,526$1,248$1,014$819$658$449
20 years$1,434$1,160$931$742$588$391
21 years$1,352$1,080$856$673$526$341
22 years$1,277$1,008$789$612$471$298
23 years$1,208$943$728$557$423$261
24 years$1,146$884$674$508$380$229
25 years$1,088$829$624$464$342$200
26 years$1,035$779$579$424$308$176
27 years$986$734$537$389$278$154
28 years$941$691$500$356$251$135
29 years$898$652$465$326$226$119
30 years$859$616$433$300$205$105
31 years$822$582$404$275$185$92
32 years$788$551$377$253$167$81
33 years$756$522$352$233$151$71
34 years$725$494$329$214$137$63
35 years$697$469$307$197$124$55
36 years$670$445$287$181$112$49
37 years$645$423$269$167$102$43
38 years$621$402$252$154$92$38
39 years$598$382$236$142$84$33
40 years$577$363$221$131$76$29
41 years$557$346$207$121$69$26
42 years$537$329$195$112$63$23
43 years$519$314$183$103$57$20
44 years$501$299$171$95$52$18
45 years$485$285$161$88$47$16
46 years$469$272$151$81$42$14
47 years$454$260$142$75$39$12
48 years$439$248$133$69$35$11
49 years$425$237$125$64$32$9
50 years$412$226$118$59$29$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $422,000, adding $3,777 every year, while hoping to spend $38,252 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: 73/20/7 Blend
60$422,000$422,000$422,000$422,000
61$468,940$446,574$440,033$502,431
62$476,072$427,756$414,074$506,205
63$482,649$406,734$385,964$505,163
64$488,575$383,360$355,589$502,944
65$493,742$357,476$322,833$499,418
66$498,028$328,917$287,573$494,445
67$501,300$297,507$249,680$487,872
68$503,409$263,061$209,020$479,530
69$504,188$225,383$165,454$469,234
70$503,454$184,266$118,836$456,782
71$501,002$139,491$69,012$441,954
72$496,606$90,827$15,825$424,506
73$490,012$38,030$0$404,174
74$480,943$0$0$383,723
75$469,089$0$0$365,453
76$454,107$0$0$353,025
77$435,617$0$0$337,764
78$413,200$0$0$319,331
79$386,391$0$0$297,353
80$354,675$0$0$271,414
81$317,484$0$0$241,057
82$274,188$0$0$205,775
83$224,092$0$0$165,008
84$166,427$0$0$118,139
85$100,344$0$0$64,481
86$24,904$0$0$3,281
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0