Can I retire at age 60 with 303,000?

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 $303,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$25,021$24,799$24,581$24,369$24,162$23,578
2 years$12,387$12,156$11,933$11,716$11,506$10,921
3 years$8,176$7,944$7,721$7,506$7,300$6,732
4 years$6,071$5,840$5,619$5,408$5,206$4,660
5 years$4,808$4,578$4,361$4,154$3,958$3,435
6 years$3,967$3,739$3,524$3,322$3,132$2,633
7 years$3,366$3,140$2,928$2,731$2,547$2,072
8 years$2,915$2,691$2,484$2,291$2,113$1,662
9 years$2,565$2,343$2,139$1,951$1,779$1,352
10 years$2,285$2,065$1,865$1,682$1,516$1,111
11 years$2,056$1,839$1,642$1,464$1,304$921
12 years$1,866$1,650$1,457$1,284$1,130$769
13 years$1,704$1,491$1,302$1,134$985$645
14 years$1,566$1,356$1,170$1,006$864$544
15 years$1,447$1,238$1,056$897$760$460
16 years$1,342$1,136$957$804$672$390
17 years$1,250$1,046$871$722$596$332
18 years$1,169$967$795$651$530$283
19 years$1,095$896$728$588$472$242
20 years$1,030$833$668$533$422$207
21 years$970$776$615$483$378$177
22 years$917$724$566$439$338$152
23 years$867$677$523$400$304$130
24 years$822$635$484$365$273$112
25 years$781$595$448$333$246$96
26 years$743$560$416$305$221$83
27 years$708$527$386$279$200$71
28 years$675$496$359$256$180$61
29 years$645$468$334$234$163$53
30 years$617$442$311$215$147$45
31 years$590$418$290$198$133$39
32 years$566$396$270$182$120$34
33 years$543$375$253$167$109$29
34 years$521$355$236$154$98$25
35 years$500$337$221$141$89$22
36 years$481$320$206$130$81$19
37 years$463$304$193$120$73$16
38 years$446$288$181$111$66$14
39 years$430$274$169$102$60$12
40 years$414$261$159$94$55$10
41 years$400$248$149$87$50$9
42 years$386$237$140$80$45$8
43 years$373$225$131$74$41$7
44 years$360$215$123$68$37$6
45 years$348$205$116$63$34$5
46 years$337$195$109$58$31$4
47 years$326$187$102$54$28$4
48 years$315$178$96$50$25$3
49 years$305$170$90$46$23$3
50 years$296$162$85$42$21$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $303,000, adding $5,694 every year, while hoping to spend $23,106 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: 65/15/20 Blend
59$303,000$303,000$303,000$303,000
60$339,779$323,720$319,024$359,792
61$349,852$314,998$305,127$365,209
62$360,178$305,074$289,989$367,977
63$370,759$293,865$273,546$370,458
64$381,594$281,282$255,728$372,623
65$392,685$267,233$236,463$374,443
66$404,030$251,619$215,676$375,886
67$415,629$234,336$193,289$376,920
68$427,477$215,273$169,218$377,507
69$439,572$194,314$143,379$377,609
70$451,908$171,335$115,682$377,184
71$464,479$146,206$86,034$376,189
72$477,276$118,790$54,336$374,574
73$490,289$88,942$20,487$372,290
74$503,506$56,507$0$369,280
75$516,911$21,324$0$368,824
76$530,489$0$0$372,403
77$544,218$0$0$378,368
78$558,076$0$0$387,933
79$572,036$0$0$397,560
80$586,065$0$0$407,226
81$600,130$0$0$416,904
82$614,190$0$0$426,566
83$628,198$0$0$436,179
84$642,103$0$0$445,704
85$655,845$0$0$455,100
86$669,360$0$0$464,318
87$682,571$0$0$473,304
88$695,395$0$0$481,998
89$707,738$0$0$490,332
90$719,495$0$0$498,230
91$730,547$0$0$505,606
92$740,764$0$0$512,367
93$749,996$0$0$518,406
94$758,081$0$0$523,604
95$764,836$0$0$527,832
96$770,057$0$0$530,941
97$773,517$0$0$532,769
98$774,965$0$0$533,135
99$774,122$0$0$531,838
100$770,675$0$0$528,656