Can I retire at age 61 with 384,000?

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 $384,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$31,710$31,428$31,152$30,883$30,621$30,126
2 years$15,698$15,406$15,122$14,848$14,581$14,084
3 years$10,362$10,068$9,785$9,513$9,251$8,767
4 years$7,694$7,401$7,121$6,854$6,598$6,131
5 years$6,093$5,802$5,526$5,264$5,016$4,567
6 years$5,027$4,738$4,466$4,210$3,969$3,538
7 years$4,265$3,979$3,711$3,461$3,228$2,816
8 years$3,695$3,411$3,148$2,903$2,678$2,285
9 years$3,251$2,970$2,711$2,473$2,255$1,881
10 years$2,896$2,618$2,363$2,132$1,921$1,566
11 years$2,606$2,330$2,081$1,855$1,652$1,314
12 years$2,364$2,092$1,847$1,627$1,432$1,111
13 years$2,160$1,890$1,650$1,437$1,249$945
14 years$1,985$1,718$1,482$1,275$1,095$808
15 years$1,834$1,570$1,338$1,137$964$693
16 years$1,701$1,440$1,213$1,018$852$596
17 years$1,585$1,326$1,104$915$755$514
18 years$1,481$1,225$1,008$825$672$445
19 years$1,388$1,136$923$745$599$386
20 years$1,305$1,055$847$675$535$335
21 years$1,230$983$779$612$478$291
22 years$1,162$918$718$557$429$253
23 years$1,099$858$663$507$385$221
24 years$1,042$804$613$463$346$193
25 years$990$755$568$422$311$168
26 years$942$709$527$386$280$147
27 years$897$667$489$354$253$129
28 years$856$629$455$324$228$112
29 years$817$593$423$297$206$98
30 years$782$560$394$273$186$86
31 years$748$530$367$250$168$75
32 years$717$501$343$230$152$66
33 years$688$475$320$212$138$58
34 years$660$450$299$195$125$51
35 years$634$427$280$179$113$44
36 years$610$405$262$165$102$39
37 years$587$385$245$152$93$34
38 years$565$366$229$140$84$30
39 years$545$348$215$129$76$26
40 years$525$331$201$119$69$23
41 years$506$315$189$110$63$20
42 years$489$300$177$102$57$18
43 years$472$286$166$94$52$16
44 years$456$272$156$87$47$14
45 years$441$260$146$80$43$12
46 years$427$248$138$74$39$11
47 years$413$236$129$68$35$9
48 years$400$226$121$63$32$8
49 years$387$216$114$58$29$7
50 years$375$206$107$54$26$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $384,000, adding $2,243 every year, while hoping to spend $30,735 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: 58/20/22 Blend
60$384,000$384,000$384,000$384,000
61$425,482$405,130$399,178$447,531
62$436,179$392,279$379,848$449,951
63$446,937$377,769$358,841$449,085
64$457,730$361,485$336,068$447,470
65$468,528$343,307$311,436$445,041
66$479,297$323,109$284,848$441,728
67$489,998$300,754$256,203$437,453
68$500,588$276,100$225,396$432,137
69$511,017$248,998$192,316$425,690
70$521,230$219,289$156,847$418,018
71$531,165$186,803$118,871$409,018
72$540,751$151,363$78,260$398,580
73$549,910$112,783$34,885$386,585
74$558,555$70,863$0$372,904
75$566,586$25,394$0$360,075
76$573,896$0$0$354,184
77$580,360$0$0$352,153
78$585,844$0$0$355,066
79$590,195$0$0$357,237
80$593,245$0$0$358,556
81$594,806$0$0$358,904
82$594,668$0$0$358,146
83$592,602$0$0$356,134
84$588,348$0$0$352,703
85$581,623$0$0$347,669
86$572,110$0$0$340,830
87$559,458$0$0$331,961
88$543,279$0$0$320,813
89$523,142$0$0$307,110
90$498,572$0$0$290,547
91$469,040$0$0$270,785
92$433,965$0$0$247,453
93$392,699$0$0$220,135
94$344,530$0$0$188,375
95$288,669$0$0$151,668
96$224,244$0$0$109,456
97$150,290$0$0$61,121
98$65,743$0$0$5,981
99$0$0$0$0
100$0$0$0$0