Can I retire at age 61 with 422,000?

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 $422,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$34,848$34,538$34,235$33,940$33,651$32,665
2 years$17,252$16,930$16,619$16,317$16,024$15,039
3 years$11,387$11,064$10,754$10,455$10,166$9,213
4 years$8,455$8,133$7,826$7,532$7,251$6,336
5 years$6,696$6,377$6,073$5,785$5,512$4,639
6 years$5,524$5,207$4,908$4,626$4,361$3,530
7 years$4,688$4,373$4,079$3,804$3,547$2,758
8 years$4,060$3,748$3,459$3,191$2,943$2,195
9 years$3,572$3,264$2,979$2,718$2,478$1,771
10 years$3,183$2,877$2,597$2,343$2,111$1,444
11 years$2,864$2,561$2,287$2,039$1,816$1,188
12 years$2,598$2,299$2,029$1,788$1,574$983
13 years$2,374$2,077$1,813$1,579$1,372$818
14 years$2,182$1,888$1,629$1,402$1,203$683
15 years$2,015$1,725$1,471$1,250$1,059$573
16 years$1,870$1,583$1,334$1,119$936$481
17 years$1,741$1,457$1,213$1,006$830$406
18 years$1,627$1,347$1,108$906$738$342
19 years$1,526$1,248$1,014$819$658$290
20 years$1,434$1,160$931$742$588$245
21 years$1,352$1,080$856$673$526$208
22 years$1,277$1,008$789$612$471$176
23 years$1,208$943$728$557$423$150
24 years$1,146$884$674$508$380$127
25 years$1,088$829$624$464$342$108
26 years$1,035$779$579$424$308$92
27 years$986$734$537$389$278$78
28 years$941$691$500$356$251$67
29 years$898$652$465$326$226$57
30 years$859$616$433$300$205$48
31 years$822$582$404$275$185$41
32 years$788$551$377$253$167$35
33 years$756$522$352$233$151$30
34 years$725$494$329$214$137$26
35 years$697$469$307$197$124$22
36 years$670$445$287$181$112$19
37 years$645$423$269$167$102$16
38 years$621$402$252$154$92$14
39 years$598$382$236$142$84$12
40 years$577$363$221$131$76$10
41 years$557$346$207$121$69$8
42 years$537$329$195$112$63$7
43 years$519$314$183$103$57$6
44 years$501$299$171$95$52$5
45 years$485$285$161$88$47$4
46 years$469$272$151$81$42$4
47 years$454$260$142$75$39$3
48 years$439$248$133$69$35$3
49 years$425$237$125$64$32$2
50 years$412$226$118$59$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $422,000, adding $2,665 every year, while hoping to spend $22,202 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: 28/48/24 Blend
60$422,000$422,000$422,000$422,000
61$467,793$445,427$438,886$477,320
62$491,885$443,630$429,966$483,222
63$517,690$441,001$420,003$487,434
64$545,360$437,476$408,939$491,498
65$575,061$432,986$396,712$495,417
66$606,974$427,459$383,259$499,194
67$641,301$420,820$368,513$502,835
68$678,259$412,986$352,404$506,351
69$718,091$403,871$334,859$509,754
70$761,061$393,386$315,802$513,062
71$807,461$381,433$295,152$516,296
72$857,610$367,911$272,827$519,483
73$911,859$352,712$248,740$522,656
74$970,595$335,721$222,799$525,852
75$1,034,242$316,818$194,910$529,121
76$1,103,267$295,875$164,972$532,515
77$1,178,185$272,757$132,883$536,101
78$1,259,559$247,322$98,534$539,954
79$1,348,012$219,418$61,812$544,162
80$1,444,225$188,886$22,599$548,825
81$1,548,952$155,557$0$554,062
82$1,663,020$119,254$0$564,934
83$1,787,339$79,788$0$583,162
84$1,922,911$36,962$0$603,162
85$2,070,840$0$0$625,168
86$2,232,339$0$0$654,427
87$2,408,744$0$0$707,776
88$2,601,527$0$0$766,144
89$2,812,307$0$0$830,029
90$3,042,867$0$0$899,982
91$3,295,171$0$0$976,607
92$3,571,381$0$0$1,060,570
93$3,873,878$0$0$1,152,604
94$4,205,283$0$0$1,253,517
95$4,568,485$0$0$1,364,198
96$4,966,661$0$0$1,485,627
97$5,403,316$0$0$1,618,885
98$5,882,307$0$0$1,765,159
99$6,407,882$0$0$1,925,759
100$6,984,721$0$0$2,102,127