Can I retire at age 61 with 432,000?

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 $432,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$35,674$35,356$35,046$34,744$34,448$34,074
2 years$17,660$17,332$17,013$16,704$16,404$16,027
3 years$11,657$11,326$11,008$10,702$10,407$10,040
4 years$8,655$8,326$8,011$7,710$7,423$7,067
5 years$6,855$6,528$6,217$5,922$5,643$5,300
6 years$5,655$5,330$5,024$4,736$4,465$4,136
7 years$4,799$4,476$4,175$3,894$3,631$3,316
8 years$4,156$3,837$3,541$3,266$3,012$2,710
9 years$3,657$3,341$3,050$2,782$2,537$2,248
10 years$3,258$2,945$2,659$2,398$2,161$1,886
11 years$2,932$2,622$2,341$2,087$1,859$1,597
12 years$2,660$2,353$2,077$1,831$1,611$1,361
13 years$2,430$2,126$1,856$1,616$1,405$1,168
14 years$2,233$1,933$1,668$1,435$1,231$1,006
15 years$2,063$1,766$1,506$1,280$1,084$871
16 years$1,914$1,620$1,365$1,146$958$756
17 years$1,783$1,492$1,242$1,029$850$659
18 years$1,666$1,379$1,134$928$755$575
19 years$1,562$1,278$1,038$838$673$503
20 years$1,468$1,187$953$759$601$441
21 years$1,384$1,106$876$689$538$387
22 years$1,307$1,032$808$627$482$340
23 years$1,237$966$746$571$433$300
24 years$1,173$905$690$520$389$264
25 years$1,114$849$639$475$350$233
26 years$1,059$798$592$435$316$206
27 years$1,009$751$550$398$284$182
28 years$963$708$511$364$257$161
29 years$920$668$476$334$232$142
30 years$879$630$443$307$209$126
31 years$842$596$413$282$189$111
32 years$807$564$386$259$171$98
33 years$774$534$360$238$155$87
34 years$743$506$336$219$140$77
35 years$714$480$315$202$127$69
36 years$686$456$294$186$115$61
37 years$660$433$275$171$104$54
38 years$636$411$258$158$95$48
39 years$613$391$242$145$86$42
40 years$591$372$226$134$78$38
41 years$570$354$212$124$71$33
42 years$550$337$199$114$64$30
43 years$531$321$187$105$58$26
44 years$513$306$175$97$53$23
45 years$496$292$165$90$48$21
46 years$480$279$155$83$44$18
47 years$464$266$145$77$40$16
48 years$450$254$137$71$36$14
49 years$435$242$128$66$33$13
50 years$422$232$121$61$30$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $432,000, adding $4,097 every year, while hoping to spend $30,485 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: 58/33/9 Blend
60$432,000$432,000$432,000$432,000
61$480,290$457,394$450,698$506,909
62$496,844$447,371$433,361$515,279
63$514,064$435,834$414,421$520,611
64$531,987$422,679$393,792$525,676
65$550,652$407,791$371,386$530,453
66$570,098$391,053$347,107$534,918
67$590,372$372,338$320,859$539,046
68$611,520$351,513$292,538$542,814
69$633,595$328,437$262,038$546,194
70$656,651$302,960$229,246$549,161
71$680,750$274,926$194,046$551,688
72$705,957$244,167$156,317$553,748
73$732,341$210,508$115,930$555,313
74$759,980$173,763$72,754$556,354
75$788,955$133,735$26,648$556,845
76$819,356$90,216$0$556,757
77$851,282$42,987$0$558,228
78$884,836$0$0$561,938
79$920,135$0$0$568,284
80$957,304$0$0$591,416
81$996,478$0$0$615,810
82$1,037,806$0$0$641,561
83$1,081,449$0$0$668,770
84$1,127,585$0$0$697,551
85$1,176,405$0$0$728,025
86$1,228,119$0$0$760,327
87$1,282,958$0$0$794,601
88$1,341,171$0$0$831,009
89$1,403,034$0$0$869,723
90$1,468,846$0$0$910,936
91$1,538,937$0$0$954,856
92$1,613,665$0$0$1,001,713
93$1,693,424$0$0$1,051,758
94$1,778,647$0$0$1,105,264
95$1,869,806$0$0$1,162,535
96$1,967,420$0$0$1,223,900
97$2,072,058$0$0$1,289,722
98$2,184,344$0$0$1,360,399
99$2,304,962$0$0$1,436,367
100$2,434,665$0$0$1,518,106