Can I retire at age 60 with 266,000?

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 $266,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$21,966$21,770$21,579$21,393$21,211$20,540
2 years$10,874$10,672$10,475$10,285$10,101$9,431
3 years$7,178$6,974$6,778$6,590$6,408$5,761
4 years$5,329$5,127$4,933$4,748$4,570$3,950
5 years$4,221$4,019$3,828$3,647$3,474$2,882
6 years$3,482$3,282$3,094$2,916$2,749$2,186
7 years$2,955$2,756$2,571$2,398$2,236$1,702
8 years$2,559$2,363$2,180$2,011$1,855$1,350
9 years$2,252$2,057$1,878$1,713$1,562$1,085
10 years$2,006$1,813$1,637$1,477$1,331$882
11 years$1,805$1,614$1,441$1,285$1,145$722
12 years$1,638$1,449$1,279$1,127$992$595
13 years$1,496$1,309$1,143$995$865$493
14 years$1,375$1,190$1,027$883$758$410
15 years$1,270$1,087$927$788$668$343
16 years$1,178$998$841$705$590$287
17 years$1,098$919$765$634$523$241
18 years$1,026$849$698$571$465$202
19 years$962$787$639$516$415$170
20 years$904$731$587$467$370$143
21 years$852$681$540$424$331$121
22 years$805$636$497$386$297$102
23 years$762$595$459$351$267$86
24 years$722$557$425$320$240$73
25 years$686$523$393$293$216$62
26 years$652$491$365$268$194$52
27 years$621$462$339$245$175$44
28 years$593$436$315$224$158$38
29 years$566$411$293$206$143$32
30 years$541$388$273$189$129$27
31 years$518$367$254$173$117$23
32 years$497$347$237$159$105$19
33 years$476$329$222$147$95$16
34 years$457$312$207$135$86$14
35 years$439$296$194$124$78$12
36 years$422$281$181$114$71$10
37 years$407$266$170$105$64$9
38 years$391$253$159$97$58$7
39 years$377$241$149$90$53$6
40 years$364$229$139$83$48$5
41 years$351$218$131$76$43$4
42 years$339$208$123$70$39$4
43 years$327$198$115$65$36$3
44 years$316$189$108$60$33$3
45 years$306$180$101$55$30$2
46 years$296$172$95$51$27$2
47 years$286$164$90$47$24$2
48 years$277$156$84$44$22$1
49 years$268$149$79$40$20$1
50 years$260$143$74$37$18$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $266,000, adding $5,509 every year, while hoping to spend $20,849 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: 45/35/20 Blend
59$266,000$266,000$266,000$266,000
60$298,815$284,717$280,594$310,318
61$307,110$276,484$267,810$310,711
62$315,554$267,150$253,900$308,644
63$324,138$256,638$238,803$305,971
64$332,853$244,867$222,457$302,645
65$341,691$231,752$204,796$298,615
66$350,640$217,204$185,752$293,830
67$359,685$201,127$165,255$288,233
68$368,811$183,420$143,229$281,764
69$377,999$163,978$119,597$274,358
70$387,230$142,687$94,278$265,947
71$396,478$119,429$67,187$256,459
72$405,716$94,079$38,235$245,815
73$414,914$66,504$7,331$233,933
74$424,037$36,564$0$220,724
75$433,044$4,111$0$211,566
76$441,891$0$0$202,910
77$450,527$0$0$205,049
78$458,897$0$0$208,621
79$466,937$0$0$212,011
80$474,576$0$0$215,184
81$481,734$0$0$218,099
82$488,323$0$0$220,711
83$494,244$0$0$222,972
84$499,387$0$0$224,825
85$503,627$0$0$226,209
86$506,830$0$0$227,056
87$508,842$0$0$227,288
88$509,494$0$0$226,823
89$508,598$0$0$225,565
90$505,945$0$0$223,410
91$501,305$0$0$220,243
92$494,419$0$0$215,935
93$485,003$0$0$210,344
94$472,741$0$0$203,313
95$457,285$0$0$194,668
96$438,246$0$0$184,216
97$415,196$0$0$171,742
98$387,660$0$0$157,012
99$355,115$0$0$139,763
100$316,980$0$0$119,707