Can I retire at age 61 with 355,000?

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 $355,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$29,316$29,054$28,800$28,551$28,308$27,635
2 years$14,513$14,242$13,980$13,726$13,480$12,806
3 years$9,579$9,308$9,046$8,795$8,552$7,898
4 years$7,113$6,842$6,583$6,336$6,100$5,470
5 years$5,633$5,364$5,109$4,867$4,637$4,034
6 years$4,647$4,380$4,129$3,892$3,669$3,094
7 years$3,943$3,679$3,431$3,200$2,984$2,436
8 years$3,416$3,153$2,910$2,684$2,475$1,955
9 years$3,005$2,745$2,506$2,286$2,085$1,591
10 years$2,677$2,420$2,185$1,971$1,776$1,309
11 years$2,409$2,154$1,924$1,715$1,528$1,086
12 years$2,186$1,934$1,707$1,504$1,324$907
13 years$1,997$1,747$1,525$1,328$1,154$762
14 years$1,835$1,588$1,370$1,179$1,012$642
15 years$1,695$1,451$1,237$1,052$891$544
16 years$1,573$1,331$1,122$942$787$462
17 years$1,465$1,226$1,021$846$698$393
18 years$1,369$1,133$932$762$621$335
19 years$1,283$1,050$853$689$553$287
20 years$1,207$976$783$624$494$245
21 years$1,137$909$720$566$442$210
22 years$1,074$848$664$515$396$180
23 years$1,016$793$613$469$356$155
24 years$964$743$567$428$320$133
25 years$915$698$525$391$288$114
26 years$871$656$487$357$259$98
27 years$829$617$452$327$234$85
28 years$791$581$420$299$211$73
29 years$756$549$391$275$190$63
30 years$723$518$364$252$172$54
31 years$692$490$340$231$156$47
32 years$663$463$317$213$141$40
33 years$636$439$296$196$127$35
34 years$610$416$276$180$115$30
35 years$586$394$258$166$104$26
36 years$564$374$242$153$95$22
37 years$543$356$226$141$86$19
38 years$522$338$212$130$78$17
39 years$503$321$199$119$71$14
40 years$485$306$186$110$64$12
41 years$468$291$174$102$58$11
42 years$452$277$164$94$53$9
43 years$437$264$154$87$48$8
44 years$422$252$144$80$43$7
45 years$408$240$135$74$39$6
46 years$394$229$127$68$36$5
47 years$382$219$119$63$32$4
48 years$369$209$112$58$29$4
49 years$358$199$106$54$27$3
50 years$347$190$99$50$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $355,000, adding $4,800 every year, while hoping to spend $20,897 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: 36/36/28 Blend
60$355,000$355,000$355,000$355,000
61$396,161$377,346$371,844$406,955
62$414,335$373,602$362,066$411,654
63$433,663$368,974$351,261$414,492
64$454,240$363,396$339,371$417,154
65$476,170$356,801$326,338$419,639
66$499,568$349,113$312,099$421,947
67$524,560$340,256$296,591$424,080
68$551,284$330,146$279,745$426,041
69$579,889$318,698$261,491$427,838
70$610,543$305,819$241,755$429,479
71$643,425$291,411$220,461$430,978
72$678,735$275,371$197,527$432,352
73$716,692$257,590$172,870$433,621
74$757,535$237,953$146,402$434,812
75$801,529$216,338$118,032$435,957
76$848,961$192,615$87,662$437,094
77$900,150$166,648$55,194$438,269
78$955,446$138,294$20,523$439,537
79$1,015,231$107,400$0$440,959
80$1,079,928$73,805$0$447,533
81$1,149,999$37,341$0$461,285
82$1,225,956$0$0$476,212
83$1,308,357$0$0$493,324
84$1,397,821$0$0$528,006
85$1,495,024$0$0$565,732
86$1,600,712$0$0$606,799
87$1,715,706$0$0$651,530
88$1,840,909$0$0$700,283
89$1,977,314$0$0$753,451
90$2,126,014$0$0$811,467
91$2,288,212$0$0$874,807
92$2,465,233$0$0$943,996
93$2,658,535$0$0$1,019,612
94$2,869,721$0$0$1,102,288
95$3,100,558$0$0$1,192,726
96$3,352,993$0$0$1,291,696
97$3,629,165$0$0$1,400,046
98$3,931,432$0$0$1,518,711
99$4,262,392$0$0$1,648,719
100$4,624,904$0$0$1,791,203