Can I retire at age 61 with 426,000?

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 $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$35,179$34,865$34,560$34,261$33,970$33,798
2 years$17,415$17,091$16,777$16,472$16,176$16,003
3 years$11,495$11,169$10,856$10,554$10,263$10,093
4 years$8,535$8,210$7,900$7,603$7,320$7,155
5 years$6,760$6,437$6,131$5,840$5,564$5,405
6 years$5,577$5,256$4,955$4,670$4,403$4,250
7 years$4,732$4,414$4,117$3,840$3,581$3,434
8 years$4,099$3,784$3,492$3,221$2,970$2,829
9 years$3,606$3,295$3,007$2,744$2,502$2,366
10 years$3,213$2,904$2,622$2,365$2,131$2,002
11 years$2,891$2,585$2,308$2,058$1,833$1,709
12 years$2,623$2,320$2,049$1,805$1,589$1,470
13 years$2,396$2,097$1,830$1,594$1,385$1,272
14 years$2,202$1,906$1,645$1,415$1,214$1,107
15 years$2,034$1,741$1,485$1,262$1,069$967
16 years$1,887$1,598$1,346$1,130$945$848
17 years$1,758$1,471$1,225$1,015$838$745
18 years$1,643$1,360$1,118$915$745$657
19 years$1,540$1,260$1,024$827$664$581
20 years$1,448$1,171$939$749$593$514
21 years$1,364$1,091$864$679$531$456
22 years$1,289$1,018$796$618$476$406
23 years$1,220$952$735$563$427$361
24 years$1,156$892$680$513$384$321
25 years$1,098$837$630$469$345$287
26 years$1,045$787$584$429$311$256
27 years$995$740$542$392$281$228
28 years$949$698$504$359$253$204
29 years$907$658$469$330$229$183
30 years$867$622$437$302$207$163
31 years$830$588$408$278$187$146
32 years$795$556$380$255$169$131
33 years$763$527$355$235$153$117
34 years$732$499$332$216$138$105
35 years$704$473$310$199$125$94
36 years$677$449$290$183$114$85
37 years$651$427$272$169$103$76
38 years$627$406$254$156$93$68
39 years$604$386$238$143$85$61
40 years$582$367$223$132$77$55
41 years$562$349$209$122$70$49
42 years$542$333$196$113$63$44
43 years$524$317$184$104$57$40
44 years$506$302$173$96$52$36
45 years$489$288$162$89$47$32
46 years$473$275$153$82$43$29
47 years$458$262$143$76$39$26
48 years$443$250$135$70$35$23
49 years$429$239$127$65$32$21
50 years$416$228$119$60$29$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $426,000, adding $4,251 every year, while hoping to spend $22,160 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: 51/28/21 Blend
60$426,000$426,000$426,000$426,000
61$473,837$451,259$444,656$495,036
62$498,590$449,793$435,974$508,668
63$525,126$447,512$426,258$520,857
64$553,602$444,353$415,451$533,644
65$584,192$440,249$403,491$547,092
66$617,087$435,129$390,316$561,276
67$652,497$428,917$375,859$576,276
68$690,651$421,534$360,050$592,183
69$731,803$412,894$342,816$609,098
70$776,229$402,908$324,083$627,135
71$824,235$391,481$303,770$646,419
72$876,155$378,512$281,795$667,092
73$932,359$363,895$258,071$689,311
74$993,250$347,517$232,507$713,251
75$1,059,276$329,259$205,010$739,106
76$1,130,924$308,994$175,480$767,094
77$1,208,733$286,591$143,814$797,455
78$1,293,297$261,906$109,904$830,457
79$1,385,266$234,793$73,639$866,400
80$1,485,358$205,092$34,900$905,614
81$1,594,361$172,638$0$948,467
82$1,713,143$137,255$0$996,811
83$1,842,661$98,757$0$1,058,095
84$1,983,964$56,949$0$1,125,025
85$2,138,212$11,622$0$1,198,190
86$2,306,676$0$0$1,278,241
87$2,490,761$0$0$1,377,434
88$2,692,009$0$0$1,489,834
89$2,912,122$0$0$1,612,813
90$3,152,970$0$0$1,747,423
91$3,416,614$0$0$1,894,821
92$3,705,325$0$0$2,056,283
93$4,021,601$0$0$2,233,211
94$4,368,195$0$0$2,427,153
95$4,748,137$0$0$2,639,811
96$5,164,767$0$0$2,873,060
97$5,621,761$0$0$3,128,966
98$6,123,169$0$0$3,409,804
99$6,673,452$0$0$3,718,081
100$7,277,525$0$0$4,056,557