Can I retire at age 60 with 312,000?

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 $312,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$25,765$25,535$25,311$25,093$24,879$24,298
2 years$12,755$12,517$12,287$12,064$11,847$11,265
3 years$8,419$8,180$7,951$7,729$7,516$6,951
4 years$6,251$6,013$5,786$5,569$5,361$4,817
5 years$4,951$4,714$4,490$4,277$4,075$3,554
6 years$4,084$3,850$3,629$3,421$3,225$2,727
7 years$3,466$3,233$3,015$2,812$2,622$2,149
8 years$3,002$2,771$2,557$2,359$2,176$1,725
9 years$2,641$2,413$2,203$2,009$1,832$1,405
10 years$2,353$2,127$1,920$1,732$1,561$1,156
11 years$2,117$1,893$1,691$1,507$1,343$960
12 years$1,921$1,699$1,500$1,322$1,163$802
13 years$1,755$1,536$1,340$1,167$1,015$674
14 years$1,613$1,396$1,204$1,036$889$569
15 years$1,490$1,275$1,087$924$783$482
16 years$1,382$1,170$986$827$692$410
17 years$1,287$1,078$897$743$614$349
18 years$1,203$996$819$670$546$298
19 years$1,128$923$750$605$486$255
20 years$1,060$858$688$548$434$218
21 years$999$799$633$498$389$187
22 years$944$746$583$452$348$161
23 years$893$697$539$412$313$138
24 years$847$653$498$376$281$119
25 years$804$613$461$343$253$102
26 years$765$576$428$314$228$88
27 years$729$542$397$287$205$76
28 years$695$511$369$263$185$65
29 years$664$482$344$241$167$56
30 years$635$455$320$222$151$49
31 years$608$430$298$203$137$42
32 years$583$407$278$187$124$36
33 years$559$386$260$172$112$31
34 years$536$366$243$158$101$27
35 years$515$347$227$146$92$23
36 years$496$329$212$134$83$20
37 years$477$313$199$124$75$17
38 years$459$297$186$114$68$15
39 years$442$282$174$105$62$13
40 years$427$269$164$97$56$11
41 years$412$256$153$89$51$10
42 years$397$244$144$82$46$8
43 years$384$232$135$76$42$7
44 years$371$221$127$70$38$6
45 years$358$211$119$65$35$5
46 years$347$201$112$60$31$5
47 years$335$192$105$55$29$4
48 years$325$183$99$51$26$3
49 years$314$175$93$47$24$3
50 years$305$167$87$44$21$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $312,000, adding $4,036 every year, while hoping to spend $21,917 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: 44/31/25 Blend
59$312,000$312,000$312,000$312,000
60$347,987$331,451$326,615$360,621
61$360,162$324,373$314,237$362,905
62$372,845$316,213$300,710$362,957
63$386,063$306,896$285,972$362,580
64$399,848$296,340$269,959$361,748
65$414,233$284,461$252,603$360,431
66$429,254$271,169$233,834$358,599
67$444,949$256,367$213,578$356,221
68$461,360$239,955$191,760$353,264
69$478,532$221,827$168,297$349,696
70$496,515$201,868$143,107$345,481
71$515,360$179,961$116,103$340,584
72$535,127$155,979$87,191$334,968
73$555,876$129,788$56,279$328,595
74$577,675$101,248$23,264$321,428
75$600,599$70,210$0$313,425
76$624,728$36,518$0$307,741
77$650,148$4$0$307,970
78$676,954$0$0$307,891
79$705,249$0$0$320,968
80$735,147$0$0$334,804
81$766,771$0$0$349,455
82$800,254$0$0$364,987
83$835,744$0$0$381,470
84$873,400$0$0$398,980
85$913,398$0$0$417,602
86$955,930$0$0$437,428
87$1,001,205$0$0$458,559
88$1,049,452$0$0$481,106
89$1,100,924$0$0$505,190
90$1,155,896$0$0$530,943
91$1,214,669$0$0$558,510
92$1,277,574$0$0$588,052
93$1,344,974$0$0$619,744
94$1,417,268$0$0$653,777
95$1,494,891$0$0$690,361
96$1,578,323$0$0$729,730
97$1,668,090$0$0$772,136
98$1,764,770$0$0$817,858
99$1,868,998$0$0$867,204
100$1,981,469$0$0$920,510