Can I retire at age 60 with 270,000?

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 $270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$22,296$22,098$21,904$21,715$21,530$21,104
2 years$11,038$10,832$10,633$10,440$10,252$9,825
3 years$7,285$7,079$6,880$6,689$6,505$6,089
4 years$5,410$5,204$5,007$4,819$4,639$4,239
5 years$4,284$4,080$3,886$3,701$3,527$3,142
6 years$3,535$3,331$3,140$2,960$2,790$2,423
7 years$2,999$2,798$2,610$2,434$2,269$1,919
8 years$2,598$2,398$2,213$2,042$1,883$1,549
9 years$2,286$2,088$1,906$1,739$1,585$1,268
10 years$2,036$1,841$1,662$1,499$1,351$1,050
11 years$1,832$1,639$1,463$1,305$1,162$876
12 years$1,662$1,471$1,298$1,144$1,007$737
13 years$1,519$1,329$1,160$1,010$878$623
14 years$1,396$1,208$1,042$897$770$529
15 years$1,289$1,104$941$800$678$451
16 years$1,196$1,013$853$716$599$386
17 years$1,114$932$776$643$531$331
18 years$1,041$862$709$580$472$284
19 years$976$799$649$524$421$245
20 years$918$742$595$475$376$211
21 years$865$691$548$431$336$182
22 years$817$645$505$392$302$157
23 years$773$603$466$357$271$136
24 years$733$565$431$325$243$118
25 years$696$531$399$297$219$102
26 years$662$499$370$272$197$89
27 years$631$469$344$249$178$77
28 years$602$442$320$228$160$67
29 years$575$417$297$209$145$58
30 years$550$394$277$192$131$51
31 years$526$372$258$176$118$44
32 years$504$352$241$162$107$38
33 years$484$334$225$149$97$33
34 years$464$316$210$137$88$29
35 years$446$300$197$126$79$25
36 years$429$285$184$116$72$22
37 years$413$270$172$107$65$19
38 years$397$257$161$99$59$17
39 years$383$244$151$91$54$14
40 years$369$233$142$84$49$13
41 years$356$221$133$77$44$11
42 years$344$211$124$71$40$10
43 years$332$201$117$66$36$8
44 years$321$191$110$61$33$7
45 years$310$183$103$56$30$6
46 years$300$174$97$52$27$5
47 years$290$166$91$48$25$5
48 years$281$159$85$44$22$4
49 years$272$152$80$41$20$4
50 years$264$145$75$38$18$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $270,000, adding $3,150 every year, while hoping to spend $22,699 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: 40/42/18 Blend
59$270,000$270,000$270,000$270,000
60$300,789$286,479$282,294$311,101
61$307,318$276,365$267,600$308,636
62$313,752$264,995$251,652$303,547
63$320,058$252,282$234,385$297,567
64$326,197$238,138$215,730$290,626
65$332,128$222,465$195,616$282,649
66$337,802$205,163$173,966$273,558
67$343,167$186,125$150,703$263,267
68$348,163$165,237$125,744$251,685
69$352,722$142,381$99,004$238,715
70$356,772$117,430$70,393$224,250
71$360,230$90,251$39,817$208,179
72$363,002$60,702$7,180$190,381
73$364,987$28,636$0$170,727
74$366,071$0$0$154,387
75$366,127$0$0$140,540
76$365,015$0$0$139,393
77$362,577$0$0$137,641
78$358,641$0$0$135,207
79$353,015$0$0$132,006
80$345,485$0$0$127,944
81$335,816$0$0$122,915
82$323,746$0$0$116,803
83$308,985$0$0$109,481
84$291,214$0$0$100,806
85$270,078$0$0$90,621
86$245,184$0$0$78,752
87$216,100$0$0$65,008
88$182,344$0$0$49,176
89$143,389$0$0$31,021
90$98,646$0$0$10,285
91$47,470$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