Can I retire at age 61 with 310,000?

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 $310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$25,600$25,371$25,149$24,932$24,720$23,881
2 years$12,673$12,437$12,208$11,986$11,771$10,934
3 years$8,365$8,128$7,900$7,680$7,468$6,660
4 years$6,211$5,975$5,749$5,533$5,326$4,552
5 years$4,919$4,684$4,461$4,250$4,049$3,312
6 years$4,058$3,825$3,605$3,399$3,204$2,504
7 years$3,443$3,212$2,996$2,794$2,606$1,943
8 years$2,983$2,754$2,541$2,344$2,162$1,535
9 years$2,624$2,397$2,189$1,997$1,820$1,230
10 years$2,338$2,113$1,908$1,721$1,551$995
11 years$2,104$1,881$1,680$1,498$1,334$812
12 years$1,909$1,689$1,491$1,314$1,156$667
13 years$1,744$1,526$1,332$1,160$1,008$550
14 years$1,603$1,387$1,197$1,030$884$456
15 years$1,480$1,267$1,080$918$778$379
16 years$1,373$1,163$980$822$688$316
17 years$1,279$1,071$891$739$610$264
18 years$1,196$989$814$666$542$221
19 years$1,121$917$745$602$483$185
20 years$1,054$852$684$545$432$155
21 years$993$794$629$494$386$130
22 years$938$741$580$450$346$110
23 years$887$693$535$409$311$92
24 years$841$649$495$373$279$78
25 years$799$609$458$341$251$65
26 years$760$573$425$312$226$55
27 years$724$539$395$285$204$46
28 years$691$508$367$262$184$39
29 years$660$479$342$240$166$33
30 years$631$452$318$220$150$28
31 years$604$428$297$202$136$24
32 years$579$405$277$186$123$20
33 years$555$383$258$171$111$17
34 years$533$363$241$157$101$14
35 years$512$344$226$145$91$12
36 years$492$327$211$133$83$10
37 years$474$311$198$123$75$9
38 years$456$295$185$113$68$7
39 years$440$281$173$104$62$6
40 years$424$267$163$96$56$5
41 years$409$254$152$89$51$4
42 years$395$242$143$82$46$4
43 years$381$231$134$76$42$3
44 years$368$220$126$70$38$3
45 years$356$210$118$65$34$2
46 years$344$200$111$60$31$2
47 years$333$191$104$55$28$2
48 years$323$182$98$51$26$1
49 years$312$174$92$47$23$1
50 years$303$166$87$43$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $310,000, adding $2,651 every year, while hoping to spend $26,478 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: 82/8/10 Blend
60$310,000$310,000$310,000$310,000
61$344,355$327,925$323,120$371,838
62$351,306$315,820$305,772$378,121
63$358,080$302,236$286,955$381,237
64$364,629$287,070$266,593$383,861
65$370,901$270,217$244,604$385,929
66$376,840$251,564$220,905$387,369
67$382,380$230,993$195,408$388,105
68$387,448$208,377$168,019$388,050
69$391,964$183,585$138,645$387,112
70$395,839$156,474$107,184$385,187
71$398,971$126,899$73,531$382,161
72$401,250$94,700$37,578$377,909
73$402,551$59,714$0$372,293
74$402,737$21,765$0$365,247
75$401,653$0$0$360,803
76$399,132$0$0$356,481
77$394,983$0$0$352,600
78$388,998$0$0$347,055
79$380,945$0$0$339,637
80$370,566$0$0$330,114
81$357,579$0$0$318,229
82$341,667$0$0$303,696
83$322,481$0$0$286,200
84$299,637$0$0$265,393
85$272,707$0$0$240,889
86$241,219$0$0$212,260
87$204,651$0$0$179,036
88$162,426$0$0$140,694
89$113,907$0$0$96,659
90$58,388$0$0$46,293
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0