Can I retire at age 61 with 400,000?

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 $400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$33,032$32,737$32,450$32,170$31,897$31,524
2 years$16,352$16,048$15,753$15,466$15,189$14,814
3 years$10,793$10,487$10,193$9,909$9,636$9,271
4 years$8,014$7,709$7,418$7,139$6,873$6,519
5 years$6,347$6,044$5,757$5,484$5,225$4,884
6 years$5,236$4,936$4,652$4,385$4,134$3,807
7 years$4,443$4,145$3,866$3,605$3,362$3,049
8 years$3,849$3,553$3,279$3,024$2,789$2,489
9 years$3,386$3,093$2,824$2,576$2,349$2,062
10 years$3,017$2,727$2,462$2,221$2,001$1,728
11 years$2,714$2,427$2,167$1,933$1,721$1,461
12 years$2,463$2,179$1,924$1,695$1,492$1,244
13 years$2,250$1,969$1,719$1,497$1,301$1,066
14 years$2,068$1,790$1,544$1,329$1,140$917
15 years$1,910$1,635$1,394$1,185$1,004$793
16 years$1,772$1,500$1,264$1,061$887$687
17 years$1,651$1,381$1,150$953$787$598
18 years$1,543$1,277$1,050$859$699$521
19 years$1,446$1,183$961$776$623$455
20 years$1,359$1,099$882$703$557$399
21 years$1,281$1,024$811$638$498$349
22 years$1,210$956$748$580$447$307
23 years$1,145$894$690$528$401$270
24 years$1,086$838$639$482$360$237
25 years$1,031$786$591$440$324$209
26 years$981$739$549$402$292$184
27 years$935$695$509$368$263$162
28 years$892$655$474$337$238$143
29 years$852$618$441$309$215$127
30 years$814$584$410$284$194$112
31 years$779$552$383$261$175$99
32 years$747$522$357$240$159$87
33 years$716$494$333$220$144$77
34 years$688$469$311$203$130$68
35 years$661$444$291$187$118$60
36 years$635$422$272$172$107$54
37 years$611$401$255$158$97$47
38 years$589$381$239$146$88$42
39 years$567$362$224$135$79$37
40 years$547$345$210$124$72$33
41 years$528$328$197$115$65$29
42 years$509$312$184$106$59$26
43 years$492$298$173$98$54$23
44 years$475$284$162$90$49$20
45 years$459$270$153$83$44$18
46 years$444$258$143$77$40$16
47 years$430$246$135$71$37$14
48 years$416$235$126$66$33$12
49 years$403$224$119$61$30$11
50 years$391$214$112$56$27$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $400,000, adding $4,483 every year, while hoping to spend $31,042 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: 61/13/26 Blend
60$400,000$400,000$400,000$400,000
61$445,424$424,224$418,024$469,244
62$457,829$411,983$399,000$473,712
63$470,459$398,101$378,297$474,827
64$483,304$382,466$355,828$475,374
65$496,352$364,958$331,499$475,306
66$509,589$345,450$305,214$474,569
67$522,998$323,808$276,870$473,106
68$536,560$299,891$246,361$470,858
69$550,253$273,549$213,578$467,757
70$564,049$244,624$178,403$463,735
71$577,919$212,948$140,717$458,716
72$591,829$178,344$100,393$452,618
73$605,738$140,626$57,299$445,355
74$619,604$99,596$11,299$436,832
75$633,373$55,047$0$426,949
76$646,991$6,757$0$426,082
77$660,391$0$0$427,656
78$673,501$0$0$434,959
79$686,240$0$0$442,962
80$698,515$0$0$450,636
81$710,225$0$0$457,912
82$721,253$0$0$464,710
83$731,471$0$0$470,945
84$740,737$0$0$476,519
85$748,889$0$0$481,324
86$755,749$0$0$485,240
87$761,119$0$0$488,132
88$764,777$0$0$489,851
89$766,479$0$0$490,231
90$765,950$0$0$489,088
91$762,888$0$0$486,217
92$756,957$0$0$481,391
93$747,782$0$0$474,359
94$734,951$0$0$464,842
95$718,003$0$0$452,529
96$696,432$0$0$437,080
97$669,675$0$0$418,114
98$637,107$0$0$395,212
99$598,040$0$0$367,909
100$551,711$0$0$335,691