Can I retire at age 61 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$36,170$35,847$35,533$35,226$34,927$34,334
2 years$17,906$17,572$17,249$16,936$16,632$16,036
3 years$11,819$11,484$11,161$10,851$10,552$9,972
4 years$8,776$8,442$8,123$7,817$7,526$6,967
5 years$6,950$6,618$6,303$6,005$5,721$5,184
6 years$5,734$5,404$5,094$4,802$4,527$4,012
7 years$4,865$4,539$4,233$3,948$3,681$3,190
8 years$4,214$3,890$3,590$3,312$3,054$2,585
9 years$3,708$3,387$3,092$2,821$2,572$2,125
10 years$3,303$2,986$2,696$2,432$2,191$1,767
11 years$2,972$2,658$2,373$2,116$1,885$1,482
12 years$2,697$2,386$2,106$1,856$1,633$1,251
13 years$2,464$2,156$1,882$1,639$1,424$1,063
14 years$2,264$1,960$1,691$1,455$1,248$907
15 years$2,092$1,790$1,527$1,297$1,099$777
16 years$1,941$1,643$1,384$1,162$972$668
17 years$1,807$1,513$1,259$1,044$861$575
18 years$1,689$1,398$1,150$941$766$497
19 years$1,584$1,295$1,053$850$683$430
20 years$1,489$1,204$966$770$610$373
21 years$1,403$1,121$888$699$546$324
22 years$1,325$1,047$819$635$489$281
23 years$1,254$979$756$578$439$245
24 years$1,189$917$699$528$395$213
25 years$1,129$861$648$482$355$186
26 years$1,074$809$601$441$320$162
27 years$1,023$761$558$403$288$141
28 years$976$717$519$369$260$124
29 years$932$677$483$339$235$108
30 years$892$639$449$311$212$94
31 years$853$604$419$286$192$82
32 years$818$572$391$262$174$72
33 years$784$541$365$241$157$63
34 years$753$513$341$222$142$55
35 years$723$487$319$204$129$48
36 years$696$462$298$188$117$42
37 years$669$439$279$173$106$37
38 years$645$417$261$160$96$32
39 years$621$397$245$147$87$28
40 years$599$377$230$136$79$25
41 years$578$359$215$125$72$22
42 years$558$342$202$116$65$19
43 years$539$326$190$107$59$17
44 years$520$311$178$99$54$15
45 years$503$296$167$91$49$13
46 years$487$283$157$84$44$11
47 years$471$270$147$78$40$10
48 years$456$257$138$72$36$9
49 years$441$246$130$66$33$8
50 years$428$235$122$61$30$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $438,000, adding $4,977 every year, while hoping to spend $33,878 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: 53/32/15 Blend
60$438,000$438,000$438,000$438,000
61$487,810$464,596$457,807$511,453
62$501,520$451,315$437,097$514,871
63$515,494$436,248$414,559$514,566
64$529,722$419,272$390,094$513,472
65$544,193$400,255$363,601$511,524
66$558,894$379,061$334,975$508,651
67$573,809$355,543$304,105$504,778
68$588,919$329,546$270,874$499,824
69$604,203$300,908$235,162$493,704
70$619,635$269,456$196,844$486,324
71$635,186$235,007$155,786$477,587
72$650,822$197,370$111,852$467,387
73$666,505$156,340$64,898$455,610
74$682,190$111,702$14,774$442,136
75$697,828$63,230$0$426,836
76$713,361$10,683$0$415,766
77$728,726$0$0$405,508
78$743,851$0$0$409,827
79$758,653$0$0$417,697
80$773,041$0$0$425,300
81$786,912$0$0$432,577
82$800,151$0$0$439,458
83$812,630$0$0$445,868
84$824,203$0$0$451,722
85$834,711$0$0$456,924
86$843,973$0$0$461,370
87$851,790$0$0$464,941
88$857,939$0$0$467,507
89$862,171$0$0$468,921
90$864,212$0$0$469,022
91$863,756$0$0$467,630
92$860,462$0$0$464,545
93$853,952$0$0$459,546
94$843,810$0$0$452,387
95$829,569$0$0$442,795
96$810,716$0$0$430,470
97$786,681$0$0$415,076
98$756,832$0$0$396,244
99$720,471$0$0$373,565
100$676,824$0$0$346,585