Can I retire at age 61 with 441,000?

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 $441,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$36,417$36,093$35,776$35,468$35,166$34,095
2 years$18,028$17,693$17,367$17,052$16,746$15,676
3 years$11,900$11,562$11,238$10,925$10,624$9,589
4 years$8,836$8,500$8,178$7,871$7,577$6,585
5 years$6,998$6,664$6,347$6,046$5,760$4,813
6 years$5,773$5,441$5,129$4,835$4,558$3,657
7 years$4,899$4,570$4,262$3,975$3,707$2,852
8 years$4,243$3,917$3,615$3,334$3,075$2,266
9 years$3,733$3,411$3,113$2,840$2,590$1,825
10 years$3,326$3,006$2,714$2,448$2,207$1,486
11 years$2,993$2,676$2,390$2,131$1,898$1,219
12 years$2,715$2,402$2,121$1,869$1,644$1,007
13 years$2,481$2,171$1,895$1,650$1,434$836
14 years$2,280$1,973$1,702$1,465$1,257$697
15 years$2,106$1,803$1,537$1,306$1,107$583
16 years$1,954$1,654$1,394$1,170$978$489
17 years$1,820$1,523$1,268$1,051$867$411
18 years$1,701$1,407$1,158$947$771$346
19 years$1,594$1,304$1,060$856$687$292
20 years$1,499$1,212$973$775$614$247
21 years$1,412$1,129$895$703$549$209
22 years$1,334$1,054$824$640$493$177
23 years$1,263$986$761$582$442$150
24 years$1,197$924$704$531$397$127
25 years$1,137$867$652$485$358$108
26 years$1,082$815$605$444$322$91
27 years$1,030$767$562$406$290$78
28 years$983$722$522$372$262$66
29 years$939$681$486$341$237$56
30 years$898$644$453$313$214$48
31 years$859$608$422$288$193$41
32 years$823$576$394$264$175$34
33 years$790$545$368$243$158$29
34 years$758$517$343$224$143$25
35 years$728$490$321$206$130$21
36 years$700$465$300$190$118$18
37 years$674$442$281$175$107$15
38 years$649$420$263$161$97$13
39 years$625$399$247$148$88$11
40 years$603$380$231$137$79$9
41 years$582$362$217$126$72$8
42 years$561$344$203$117$65$7
43 years$542$328$191$108$59$6
44 years$524$313$179$99$54$5
45 years$507$298$168$92$49$4
46 years$490$284$158$85$44$4
47 years$474$271$148$78$40$3
48 years$459$259$139$72$37$3
49 years$444$247$131$67$33$2
50 years$431$236$123$62$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $441,000, adding $4,122 every year, while hoping to spend $25,855 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: 48/36/16 Blend
60$441,000$441,000$441,000$441,000
61$490,234$466,861$460,025$511,383
62$512,728$462,228$447,927$521,817
63$536,650$456,501$434,556$530,160
64$562,119$449,599$419,844$538,657
65$589,263$441,438$403,717$547,332
66$618,225$431,925$386,098$556,215
67$649,160$420,965$366,909$565,337
68$682,238$408,457$346,064$574,736
69$717,647$394,292$323,478$584,457
70$755,591$378,356$299,058$594,549
71$796,294$360,528$272,709$605,070
72$840,003$340,682$244,333$616,086
73$886,990$318,681$213,824$627,671
74$937,550$294,383$181,074$639,912
75$992,010$267,638$145,970$652,904
76$1,050,728$238,285$108,393$666,759
77$1,114,097$206,156$68,219$681,599
78$1,182,550$171,073$25,320$697,564
79$1,256,562$132,848$0$714,814
80$1,336,656$91,281$0$737,019
81$1,423,404$46,164$0$765,725
82$1,517,439$0$0$796,857
83$1,619,454$0$0$831,772
84$1,730,212$0$0$889,576
85$1,850,553$0$0$952,424
86$1,981,401$0$0$1,020,804
87$2,123,771$0$0$1,095,253
88$2,278,781$0$0$1,176,361
89$2,447,661$0$0$1,264,778
90$2,631,765$0$0$1,361,218
91$2,832,583$0$0$1,466,470
92$3,051,754$0$0$1,581,399
93$3,291,083$0$0$1,706,960
94$3,552,557$0$0$1,844,202
95$3,838,364$0$0$1,994,281
96$4,150,912$0$0$2,158,470
97$4,492,852$0$0$2,338,171
98$4,867,104$0$0$2,534,927
99$5,276,883$0$0$2,750,438
100$5,725,730$0$0$2,986,574