Can I retire at age 61 with 419,000?

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 $419,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$34,601$34,292$33,992$33,698$33,412$32,940
2 years$17,129$16,810$16,501$16,201$15,910$15,436
3 years$11,306$10,986$10,677$10,380$10,094$9,632
4 years$8,395$8,076$7,770$7,478$7,199$6,752
5 years$6,649$6,331$6,030$5,744$5,473$5,043
6 years$5,485$5,170$4,873$4,594$4,330$3,918
7 years$4,654$4,342$4,050$3,777$3,522$3,127
8 years$4,031$3,722$3,434$3,168$2,922$2,545
9 years$3,547$3,240$2,958$2,699$2,460$2,101
10 years$3,160$2,856$2,579$2,326$2,096$1,754
11 years$2,843$2,543$2,270$2,024$1,803$1,477
12 years$2,580$2,282$2,015$1,776$1,562$1,253
13 years$2,357$2,062$1,800$1,568$1,362$1,069
14 years$2,166$1,875$1,617$1,392$1,194$917
15 years$2,001$1,713$1,460$1,241$1,052$789
16 years$1,856$1,571$1,324$1,111$929$681
17 years$1,729$1,447$1,205$998$824$590
18 years$1,616$1,337$1,100$900$733$512
19 years$1,515$1,239$1,007$813$653$446
20 years$1,424$1,152$924$736$583$388
21 years$1,342$1,073$850$668$522$339
22 years$1,267$1,001$783$608$468$296
23 years$1,200$936$723$553$420$259
24 years$1,137$877$669$505$378$227
25 years$1,080$823$620$461$340$199
26 years$1,028$774$575$421$306$174
27 years$979$728$534$386$276$153
28 years$934$686$496$353$249$134
29 years$892$647$462$324$225$118
30 years$853$611$430$297$203$104
31 years$816$578$401$273$184$91
32 years$782$547$374$251$166$80
33 years$750$518$349$231$150$71
34 years$720$491$326$212$136$62
35 years$692$466$305$196$123$55
36 years$665$442$285$180$112$48
37 years$640$420$267$166$101$42
38 years$617$399$250$153$92$37
39 years$594$379$234$141$83$33
40 years$573$361$220$130$75$29
41 years$553$344$206$120$68$26
42 years$533$327$193$111$62$23
43 years$515$312$181$102$56$20
44 years$498$297$170$94$51$18
45 years$481$283$160$87$46$15
46 years$465$270$150$81$42$14
47 years$450$258$141$74$38$12
48 years$436$246$132$69$35$11
49 years$422$235$125$64$32$9
50 years$409$225$117$59$29$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $419,000, adding $5,506 every year, while hoping to spend $34,836 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: 56/22/22 Blend
60$419,000$419,000$419,000$419,000
61$467,417$445,210$438,716$490,522
62$478,029$429,961$416,348$491,682
63$488,555$412,796$392,063$488,783
64$498,950$393,586$365,760$484,875
65$509,164$372,192$337,333$479,871
66$519,138$348,469$306,673$473,677
67$528,807$322,261$273,664$466,190
68$538,100$293,406$238,186$457,301
69$546,934$261,730$200,113$446,892
70$555,218$227,052$159,313$434,834
71$562,851$189,179$115,651$420,989
72$569,719$147,905$68,983$405,208
73$575,695$103,018$19,159$387,328
74$580,639$54,289$0$367,175
75$584,393$1,478$0$352,545
76$586,783$0$0$340,565
77$587,614$0$0$340,030
78$586,671$0$0$338,736
79$583,713$0$0$336,177
80$578,476$0$0$332,188
81$570,665$0$0$326,586
82$559,951$0$0$319,169
83$545,975$0$0$309,712
84$528,333$0$0$297,967
85$506,581$0$0$283,660
86$480,228$0$0$266,485
87$448,730$0$0$246,105
88$411,483$0$0$222,149
89$367,823$0$0$194,204
90$317,011$0$0$161,814
91$258,235$0$0$124,477
92$190,593$0$0$81,635
93$113,091$0$0$32,673
94$24,630$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