Can I retire at age 61 with 399,000?

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 $399,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$32,949$32,656$32,369$32,090$31,817$31,471
2 years$16,311$16,008$15,713$15,428$15,151$14,803
3 years$10,766$10,461$10,167$9,885$9,612$9,273
4 years$7,994$7,690$7,399$7,121$6,856$6,527
5 years$6,331$6,029$5,742$5,470$5,212$4,895
6 years$5,223$4,923$4,641$4,374$4,124$3,820
7 years$4,432$4,135$3,856$3,596$3,354$3,062
8 years$3,839$3,544$3,270$3,017$2,782$2,503
9 years$3,378$3,086$2,817$2,570$2,343$2,076
10 years$3,009$2,720$2,456$2,215$1,996$1,742
11 years$2,708$2,421$2,162$1,928$1,717$1,475
12 years$2,457$2,173$1,919$1,691$1,488$1,257
13 years$2,244$1,964$1,714$1,493$1,297$1,078
14 years$2,063$1,785$1,540$1,325$1,137$929
15 years$1,905$1,631$1,391$1,182$1,001$804
16 years$1,768$1,496$1,261$1,058$885$698
17 years$1,646$1,378$1,147$951$785$608
18 years$1,539$1,273$1,047$857$698$531
19 years$1,443$1,180$959$774$622$465
20 years$1,356$1,097$880$701$556$407
21 years$1,278$1,021$809$636$497$358
22 years$1,207$954$746$579$446$314
23 years$1,142$892$689$527$400$277
24 years$1,083$836$637$481$360$244
25 years$1,029$784$590$439$324$215
26 years$979$737$547$401$291$190
27 years$932$694$508$367$263$168
28 years$889$654$472$337$237$148
29 years$849$617$440$309$214$131
30 years$812$582$409$283$193$116
31 years$777$550$382$260$175$103
32 years$745$521$356$239$158$91
33 years$715$493$333$220$143$81
34 years$686$467$311$202$130$71
35 years$659$443$290$186$117$63
36 years$634$421$272$172$106$56
37 years$610$400$254$158$96$50
38 years$587$380$238$146$87$44
39 years$566$361$223$134$79$39
40 years$545$344$209$124$72$35
41 years$526$327$196$114$65$31
42 years$508$312$184$105$59$27
43 years$491$297$173$97$54$24
44 years$474$283$162$90$49$22
45 years$458$270$152$83$44$19
46 years$443$257$143$77$40$17
47 years$429$246$134$71$36$15
48 years$415$234$126$65$33$13
49 years$402$224$119$61$30$12
50 years$390$214$111$56$27$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $399,000, adding $5,534 every year, while hoping to spend $29,538 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: 49/25/26 Blend
60$399,000$399,000$399,000$399,000
61$445,406$424,259$418,075$463,708
62$459,410$413,620$400,652$466,433
63$473,851$401,469$381,656$466,010
64$488,745$387,702$361,002$464,964
65$504,104$372,206$338,603$463,250
66$519,943$354,865$314,367$460,820
67$536,277$335,554$288,198$457,623
68$553,122$314,140$259,997$453,607
69$570,492$290,484$229,658$448,715
70$588,403$264,439$197,073$442,888
71$606,873$235,850$162,128$436,064
72$625,918$204,550$124,703$428,176
73$645,556$170,367$84,675$419,155
74$665,804$133,117$41,913$408,928
75$686,681$92,604$0$397,417
76$708,206$48,626$0$385,574
77$730,399$964$0$384,756
78$753,278$0$0$383,274
79$776,865$0$0$394,997
80$801,181$0$0$407,356
81$826,247$0$0$420,095
82$852,085$0$0$433,226
83$878,718$0$0$446,760
84$906,168$0$0$460,709
85$934,460$0$0$475,085
86$963,617$0$0$489,900
87$993,664$0$0$505,166
88$1,024,627$0$0$520,896
89$1,056,530$0$0$537,103
90$1,089,400$0$0$553,801
91$1,123,264$0$0$571,001
92$1,158,148$0$0$588,718
93$1,194,080$0$0$606,966
94$1,231,088$0$0$625,759
95$1,269,200$0$0$645,110
96$1,308,445$0$0$665,034
97$1,348,850$0$0$685,545
98$1,390,446$0$0$706,657
99$1,433,261$0$0$728,386
100$1,477,324$0$0$750,744