Can I retire at age 60 with 192,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $192,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$15,855$15,714$15,576$15,442$15,310$15,032
2 years$7,849$7,703$7,561$7,424$7,291$7,011
3 years$5,181$5,034$4,893$4,757$4,625$4,354
4 years$3,847$3,700$3,561$3,427$3,299$3,037
5 years$3,047$2,901$2,763$2,632$2,508$2,256
6 years$2,513$2,369$2,233$2,105$1,984$1,743
7 years$2,133$1,990$1,856$1,731$1,614$1,384
8 years$1,847$1,705$1,574$1,452$1,339$1,119
9 years$1,625$1,485$1,355$1,237$1,127$919
10 years$1,448$1,309$1,182$1,066$961$762
11 years$1,303$1,165$1,040$928$826$638
12 years$1,182$1,046$923$814$716$538
13 years$1,080$945$825$718$624$456
14 years$993$859$741$638$547$388
15 years$917$785$669$569$482$332
16 years$851$720$607$509$426$285
17 years$792$663$552$458$378$245
18 years$740$613$504$412$336$211
19 years$694$568$461$373$299$182
20 years$653$528$423$337$267$158
21 years$615$492$389$306$239$136
22 years$581$459$359$278$214$118
23 years$550$429$331$254$192$103
24 years$521$402$307$231$173$89
25 years$495$377$284$211$156$78
26 years$471$355$263$193$140$68
27 years$449$334$245$177$126$59
28 years$428$314$227$162$114$51
29 years$409$297$212$149$103$45
30 years$391$280$197$136$93$39
31 years$374$265$184$125$84$34
32 years$358$251$171$115$76$30
33 years$344$237$160$106$69$26
34 years$330$225$150$97$62$23
35 years$317$213$140$90$56$20
36 years$305$203$131$83$51$17
37 years$293$192$122$76$46$15
38 years$283$183$115$70$42$13
39 years$272$174$107$65$38$11
40 years$262$165$101$60$35$10
41 years$253$157$94$55$31$9
42 years$244$150$89$51$28$8
43 years$236$143$83$47$26$7
44 years$228$136$78$43$23$6
45 years$221$130$73$40$21$5
46 years$213$124$69$37$19$4
47 years$206$118$65$34$18$4
48 years$200$113$61$32$16$3
49 years$193$108$57$29$14$3
50 years$187$103$54$27$13$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $192,000, adding $4,187 every year, while hoping to spend $20,101 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: 59/11/30 Blend
59$192,000$192,000$192,000$192,000
60$215,903$205,727$202,751$226,651
61$216,538$194,420$188,156$223,178
62$216,564$181,886$172,398$216,913
63$215,897$168,042$155,417$209,670
64$214,446$152,804$137,151$201,359
65$212,107$136,079$117,534$191,882
66$208,767$117,772$96,496$181,133
67$204,300$97,781$73,967$168,996
68$198,566$75,999$49,872$155,345
69$191,409$52,313$24,133$140,042
70$182,659$26,603$0$122,936
71$172,127$0$0$104,931
72$159,601$0$0$93,246
73$144,850$0$0$83,323
74$127,617$0$0$71,777
75$107,617$0$0$58,421
76$84,538$0$0$43,052
77$58,032$0$0$25,443
78$27,716$0$0$5,345
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
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