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%11.6%
1 years$25,021$24,799$24,581$24,369$24,162$23,999
2 years$12,387$12,156$11,933$11,716$11,506$11,342
3 years$8,176$7,944$7,721$7,506$7,300$7,140
4 years$6,071$5,840$5,619$5,408$5,206$5,051
5 years$4,808$4,578$4,361$4,154$3,958$3,808
6 years$3,967$3,739$3,524$3,322$3,132$2,987
7 years$3,366$3,140$2,928$2,731$2,547$2,408
8 years$2,915$2,691$2,484$2,291$2,113$1,980
9 years$2,565$2,343$2,139$1,951$1,779$1,652
10 years$2,285$2,065$1,865$1,682$1,516$1,394
11 years$2,056$1,839$1,642$1,464$1,304$1,188
12 years$1,866$1,650$1,457$1,284$1,130$1,019
13 years$1,704$1,491$1,302$1,134$985$880
14 years$1,566$1,356$1,170$1,006$864$763
15 years$1,447$1,238$1,056$897$760$665
16 years$1,342$1,136$957$804$672$581
17 years$1,250$1,046$871$722$596$510
18 years$1,169$967$795$651$530$448
19 years$1,095$896$728$588$472$395
20 years$1,030$833$668$533$422$349
21 years$970$776$615$483$378$309
22 years$917$724$566$439$338$273
23 years$867$677$523$400$304$242
24 years$822$635$484$365$273$215
25 years$781$595$448$333$246$191
26 years$743$560$416$305$221$170
27 years$708$527$386$279$200$152
28 years$675$496$359$256$180$135
29 years$645$468$334$234$163$120
30 years$617$442$311$215$147$107
31 years$590$418$290$198$133$96
32 years$566$396$270$182$120$86
33 years$543$375$253$167$109$76
34 years$521$355$236$154$98$68
35 years$500$337$221$141$89$61
36 years$481$320$206$130$81$55
37 years$463$304$193$120$73$49
38 years$446$288$181$111$66$44
39 years$430$274$169$102$60$39
40 years$414$261$159$94$55$35
41 years$400$248$149$87$50$31
42 years$386$237$140$80$45$28
43 years$373$225$131$74$41$25
44 years$360$215$123$68$37$22
45 years$348$205$116$63$34$20
46 years$337$195$109$58$31$18
47 years$326$187$102$54$28$16
48 years$315$178$96$50$25$14
49 years$305$170$90$46$23$13
50 years$296$162$85$42$21$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $303,000, adding $2,704 every year, while hoping to spend $21,200 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: 60/18/22 Blend
59$303,000$303,000$303,000$303,000
60$336,695$320,636$315,940$354,785
61$348,481$313,791$303,967$360,525
62$360,759$305,899$290,883$364,233
63$373,557$296,888$276,627$367,808
64$386,903$286,680$261,138$371,242
65$400,832$275,191$244,350$374,526
66$415,376$262,335$226,196$377,650
67$430,575$248,020$206,603$380,605
68$446,467$232,147$185,499$383,384
69$463,098$214,613$162,804$385,978
70$480,515$195,310$138,439$388,380
71$498,769$174,122$112,318$390,582
72$517,916$150,926$84,353$392,579
73$538,017$125,594$54,452$394,365
74$559,136$97,991$22,518$395,936
75$581,347$67,971$0$397,290
76$604,726$35,384$0$401,139
77$629,359$68$0$410,588
78$655,337$0$0$420,375
79$682,761$0$0$438,086
80$711,741$0$0$456,827
81$742,395$0$0$476,662
82$774,856$0$0$497,677
83$809,264$0$0$519,966
84$845,776$0$0$543,631
85$884,562$0$0$568,785
86$925,809$0$0$595,551
87$969,721$0$0$624,063
88$1,016,519$0$0$654,467
89$1,066,450$0$0$686,925
90$1,119,780$0$0$721,613
91$1,176,804$0$0$758,725
92$1,237,842$0$0$798,474
93$1,303,248$0$0$841,090
94$1,373,408$0$0$886,831
95$1,448,748$0$0$935,975
96$1,529,732$0$0$988,831
97$1,616,873$0$0$1,045,736
98$1,710,733$0$0$1,107,061
99$1,811,927$0$0$1,173,212
100$1,921,134$0$0$1,244,638