Can I retire at age 61 with 426,000?

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 $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$35,179$34,865$34,560$34,261$33,970$33,798
2 years$17,415$17,091$16,777$16,472$16,176$16,003
3 years$11,495$11,169$10,856$10,554$10,263$10,093
4 years$8,535$8,210$7,900$7,603$7,320$7,155
5 years$6,760$6,437$6,131$5,840$5,564$5,405
6 years$5,577$5,256$4,955$4,670$4,403$4,250
7 years$4,732$4,414$4,117$3,840$3,581$3,434
8 years$4,099$3,784$3,492$3,221$2,970$2,829
9 years$3,606$3,295$3,007$2,744$2,502$2,366
10 years$3,213$2,904$2,622$2,365$2,131$2,002
11 years$2,891$2,585$2,308$2,058$1,833$1,709
12 years$2,623$2,320$2,049$1,805$1,589$1,470
13 years$2,396$2,097$1,830$1,594$1,385$1,272
14 years$2,202$1,906$1,645$1,415$1,214$1,107
15 years$2,034$1,741$1,485$1,262$1,069$967
16 years$1,887$1,598$1,346$1,130$945$848
17 years$1,758$1,471$1,225$1,015$838$745
18 years$1,643$1,360$1,118$915$745$657
19 years$1,540$1,260$1,024$827$664$581
20 years$1,448$1,171$939$749$593$514
21 years$1,364$1,091$864$679$531$456
22 years$1,289$1,018$796$618$476$406
23 years$1,220$952$735$563$427$361
24 years$1,156$892$680$513$384$321
25 years$1,098$837$630$469$345$287
26 years$1,045$787$584$429$311$256
27 years$995$740$542$392$281$228
28 years$949$698$504$359$253$204
29 years$907$658$469$330$229$183
30 years$867$622$437$302$207$163
31 years$830$588$408$278$187$146
32 years$795$556$380$255$169$131
33 years$763$527$355$235$153$117
34 years$732$499$332$216$138$105
35 years$704$473$310$199$125$94
36 years$677$449$290$183$114$85
37 years$651$427$272$169$103$76
38 years$627$406$254$156$93$68
39 years$604$386$238$143$85$61
40 years$582$367$223$132$77$55
41 years$562$349$209$122$70$49
42 years$542$333$196$113$63$44
43 years$524$317$184$104$57$40
44 years$506$302$173$96$52$36
45 years$489$288$162$89$47$32
46 years$473$275$153$82$43$29
47 years$458$262$143$76$39$26
48 years$443$250$135$70$35$23
49 years$429$239$127$65$32$21
50 years$416$228$119$60$29$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $426,000, adding $2,230 every year, while hoping to spend $28,883 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: 78/17/5 Blend
60$426,000$426,000$426,000$426,000
61$471,752$449,174$442,571$508,264
62$489,140$440,452$426,666$523,791
63$507,333$430,335$409,260$536,812
64$526,383$418,724$390,272$550,224
65$546,346$405,514$369,619$564,053
66$567,283$390,593$347,211$578,326
67$589,260$373,846$322,956$593,075
68$612,348$355,148$296,759$608,333
69$636,624$334,368$268,517$624,140
70$662,175$311,367$238,127$640,538
71$689,091$285,998$205,479$657,573
72$717,472$258,106$170,457$675,300
73$747,429$227,527$132,941$693,776
74$779,079$194,089$92,807$713,066
75$812,553$157,607$49,924$733,243
76$847,993$117,889$4,156$754,388
77$885,553$74,731$0$776,589
78$925,403$27,917$0$802,331
79$967,728$0$0$829,730
80$1,012,730$0$0$862,959
81$1,060,630$0$0$903,895
82$1,111,671$0$0$947,523
83$1,166,118$0$0$994,070
84$1,224,262$0$0$1,043,788
85$1,286,421$0$0$1,096,949
86$1,352,946$0$0$1,153,853
87$1,424,217$0$0$1,214,829
88$1,500,657$0$0$1,280,238
89$1,582,726$0$0$1,350,477
90$1,670,928$0$0$1,425,978
91$1,765,821$0$0$1,507,220
92$1,868,013$0$0$1,594,726
93$1,978,175$0$0$1,689,072
94$2,097,040$0$0$1,790,889
95$2,225,419$0$0$1,900,871
96$2,364,198$0$0$2,019,782
97$2,514,354$0$0$2,148,460
98$2,676,960$0$0$2,287,826
99$2,853,195$0$0$2,438,896
100$3,044,357$0$0$2,602,782