Can I retire at age 61 with 425,000?

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 $425,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$35,096$34,783$34,478$34,181$33,890$32,571
2 years$17,374$17,051$16,737$16,433$16,138$14,825
3 years$11,468$11,143$10,830$10,529$10,239$8,973
4 years$8,515$8,191$7,881$7,585$7,302$6,094
5 years$6,744$6,422$6,116$5,826$5,551$4,403
6 years$5,564$5,244$4,943$4,659$4,392$3,305
7 years$4,721$4,404$4,108$3,831$3,572$2,545
8 years$4,089$3,775$3,484$3,213$2,963$1,996
9 years$3,598$3,287$3,000$2,737$2,496$1,586
10 years$3,205$2,897$2,616$2,359$2,126$1,273
11 years$2,884$2,579$2,303$2,053$1,829$1,030
12 years$2,617$2,315$2,044$1,801$1,585$839
13 years$2,391$2,092$1,826$1,590$1,382$686
14 years$2,197$1,902$1,641$1,412$1,211$563
15 years$2,029$1,737$1,481$1,259$1,067$464
16 years$1,883$1,594$1,343$1,127$943$383
17 years$1,754$1,468$1,222$1,013$836$317
18 years$1,639$1,356$1,116$913$743$262
19 years$1,537$1,257$1,021$825$662$218
20 years$1,444$1,168$937$747$592$181
21 years$1,361$1,088$862$678$530$150
22 years$1,286$1,016$795$616$475$125
23 years$1,217$950$734$561$426$104
24 years$1,154$890$679$512$383$87
25 years$1,096$835$628$468$345$72
26 years$1,042$785$583$428$310$60
27 years$993$739$541$391$280$50
28 years$947$696$503$359$253$42
29 years$905$657$468$329$228$35
30 years$865$620$436$302$206$29
31 years$828$586$407$277$186$24
32 years$794$555$379$255$168$20
33 years$761$525$354$234$152$17
34 years$731$498$331$215$138$14
35 years$702$472$309$198$125$12
36 years$675$448$289$183$113$10
37 years$650$426$271$168$103$8
38 years$625$405$254$155$93$7
39 years$603$385$238$143$84$6
40 years$581$366$223$132$77$5
41 years$561$348$209$122$69$4
42 years$541$332$196$112$63$3
43 years$523$316$184$104$57$3
44 years$505$301$173$96$52$2
45 years$488$287$162$88$47$2
46 years$472$274$152$82$43$2
47 years$457$262$143$75$39$1
48 years$442$250$134$70$35$1
49 years$428$239$126$64$32$1
50 years$415$228$119$60$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $425,000, adding $2,102 every year, while hoping to spend $24,385 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: 63/9/28 Blend
60$425,000$425,000$425,000$425,000
61$470,518$447,993$441,406$496,522
62$492,566$443,999$430,247$510,417
63$516,045$438,993$417,898$522,735
64$541,075$432,898$404,292$535,665
65$567,790$425,634$389,360$549,273
66$596,332$417,118$373,031$563,630
67$626,860$407,259$355,230$578,815
68$659,548$395,963$335,879$594,917
69$694,586$383,129$314,894$612,034
70$732,182$368,650$292,191$630,278
71$772,565$352,415$267,681$649,771
72$815,987$334,304$241,268$670,648
73$862,723$314,190$212,857$693,062
74$913,078$291,942$182,344$717,180
75$967,382$267,418$149,623$743,190
76$1,026,002$240,469$114,583$771,299
77$1,089,340$210,937$77,107$801,738
78$1,157,837$178,658$37,074$834,762
79$1,231,979$143,454$0$870,655
80$1,312,298$105,140$0$911,420
81$1,399,381$63,521$0$967,647
82$1,493,874$18,390$0$1,028,678
83$1,596,485$0$0$1,094,982
84$1,707,995$0$0$1,170,099
85$1,829,262$0$0$1,253,795
86$1,961,231$0$0$1,344,906
87$2,104,939$0$0$1,444,151
88$2,261,532$0$0$1,552,324
89$2,432,266$0$0$1,670,298
90$2,618,527$0$0$1,799,035
91$2,821,839$0$0$1,939,591
92$3,043,880$0$0$2,093,131
93$3,286,497$0$0$2,260,936
94$3,551,723$0$0$2,444,418
95$3,841,797$0$0$2,645,131
96$4,159,185$0$0$2,864,785
97$4,506,600$0$0$3,105,264
98$4,887,031$0$0$3,368,643
99$5,303,771$0$0$3,657,205
100$5,760,443$0$0$3,973,467