Can I retire at age 61 with 413,000?

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 $413,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$34,105$33,801$33,505$33,216$32,933$32,630
2 years$16,884$16,569$16,265$15,969$15,682$15,377
3 years$11,144$10,828$10,524$10,232$9,950$9,651
4 years$8,275$7,960$7,659$7,371$7,096$6,807
5 years$6,554$6,241$5,944$5,662$5,394$5,116
6 years$5,407$5,096$4,803$4,528$4,268$4,001
7 years$4,588$4,280$3,992$3,723$3,471$3,214
8 years$3,974$3,668$3,385$3,123$2,880$2,634
9 years$3,496$3,194$2,916$2,660$2,425$2,190
10 years$3,115$2,815$2,542$2,293$2,066$1,841
11 years$2,803$2,506$2,238$1,995$1,777$1,563
12 years$2,543$2,250$1,986$1,750$1,540$1,336
13 years$2,323$2,033$1,774$1,545$1,343$1,149
14 years$2,135$1,848$1,594$1,372$1,177$993
15 years$1,972$1,688$1,439$1,223$1,037$861
16 years$1,830$1,549$1,305$1,095$916$750
17 years$1,704$1,426$1,188$984$812$655
18 years$1,593$1,318$1,084$887$722$574
19 years$1,493$1,222$992$801$644$503
20 years$1,404$1,135$911$726$575$442
21 years$1,323$1,057$838$659$515$390
22 years$1,249$987$772$599$461$344
23 years$1,182$923$713$545$414$303
24 years$1,121$865$659$498$372$268
25 years$1,065$812$611$454$335$237
26 years$1,013$763$566$415$302$210
27 years$965$718$526$380$272$186
28 years$920$676$489$348$245$165
29 years$879$638$455$319$222$147
30 years$841$603$424$293$200$130
31 years$805$570$395$269$181$116
32 years$771$539$369$247$164$103
33 years$740$511$344$228$148$91
34 years$710$484$322$209$134$81
35 years$682$459$301$193$122$72
36 years$656$436$281$178$110$64
37 years$631$414$263$164$100$57
38 years$608$393$247$151$90$51
39 years$586$374$231$139$82$45
40 years$565$356$216$128$74$40
41 years$545$339$203$118$68$36
42 years$526$322$190$109$61$32
43 years$508$307$179$101$56$28
44 years$491$293$168$93$50$25
45 years$474$279$157$86$46$23
46 years$459$266$148$79$42$20
47 years$444$254$139$73$38$18
48 years$430$243$131$68$34$16
49 years$416$232$123$63$31$14
50 years$403$221$115$58$28$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $413,000, adding $5,443 every year, while hoping to spend $39,432 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: 64/19/17 Blend
60$413,000$413,000$413,000$413,000
61$460,740$438,851$432,450$487,947
62$465,781$418,400$404,982$486,419
63$470,013$395,624$375,272$479,751
64$473,315$370,370$343,203$471,521
65$475,546$342,472$308,654$461,577
66$476,555$311,756$271,497$449,755
67$476,171$278,039$231,599$435,874
68$474,204$241,127$188,822$419,738
69$470,445$200,814$143,019$401,132
70$464,660$156,884$94,040$379,823
71$456,592$109,107$41,727$355,555
72$445,953$57,242$0$328,049
73$432,427$1,034$0$299,558
74$415,662$0$0$275,434
75$395,270$0$0$260,271
76$370,821$0$0$242,444
77$341,837$0$0$221,401
78$307,792$0$0$196,770
79$268,104$0$0$168,139
80$222,129$0$0$135,054
81$169,154$0$0$97,011
82$108,394$0$0$53,456
83$38,979$0$0$3,775
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
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