Can I retire at age 60 with 315,000?

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 $315,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$26,012$25,781$25,555$25,334$25,119$24,774
2 years$12,877$12,638$12,405$12,180$11,961$11,615
3 years$8,500$8,259$8,027$7,804$7,589$7,251
4 years$6,311$6,071$5,842$5,622$5,412$5,086
5 years$4,999$4,760$4,533$4,318$4,114$3,800
6 years$4,124$3,887$3,664$3,453$3,256$2,954
7 years$3,499$3,264$3,044$2,839$2,648$2,359
8 years$3,031$2,798$2,582$2,382$2,196$1,921
9 years$2,667$2,436$2,224$2,029$1,850$1,587
10 years$2,376$2,147$1,939$1,749$1,576$1,326
11 years$2,138$1,912$1,707$1,522$1,355$1,117
12 years$1,939$1,716$1,515$1,335$1,175$948
13 years$1,772$1,551$1,353$1,179$1,024$810
14 years$1,628$1,409$1,216$1,046$898$695
15 years$1,504$1,288$1,098$933$791$598
16 years$1,396$1,181$995$835$699$517
17 years$1,300$1,088$906$751$620$448
18 years$1,215$1,005$827$676$551$389
19 years$1,139$932$757$611$491$339
20 years$1,071$866$695$554$439$295
21 years$1,009$806$639$502$392$258
22 years$953$753$589$457$352$226
23 years$902$704$544$416$316$198
24 years$855$660$503$379$284$173
25 years$812$619$466$347$255$152
26 years$773$582$432$317$230$133
27 years$736$548$401$290$207$117
28 years$702$516$373$266$187$103
29 years$671$487$347$244$169$91
30 years$641$460$323$224$153$80
31 years$614$435$301$205$138$70
32 years$588$411$281$189$125$62
33 years$564$389$263$174$113$54
34 years$542$369$245$160$102$48
35 years$520$350$229$147$93$42
36 years$500$332$215$135$84$37
37 years$481$316$201$125$76$33
38 years$464$300$188$115$69$29
39 years$447$285$176$106$63$25
40 years$431$271$165$98$57$22
41 years$415$258$155$90$51$20
42 years$401$246$145$83$47$17
43 years$387$234$136$77$42$15
44 years$374$223$128$71$38$14
45 years$362$213$120$66$35$12
46 years$350$203$113$61$32$11
47 years$339$194$106$56$29$9
48 years$328$185$100$52$26$8
49 years$317$177$94$48$24$7
50 years$308$169$88$44$22$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $315,000, adding $3,434 every year, while hoping to spend $24,854 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: 40/46/14 Blend
59$315,000$315,000$315,000$315,000
60$350,672$333,977$329,095$363,109
61$359,996$323,898$313,675$362,165
62$369,438$312,491$296,906$358,453
63$378,984$299,666$278,715$353,899
64$388,618$285,327$259,029$348,438
65$398,320$269,371$237,769$342,001
66$408,068$251,690$214,854$334,515
67$417,838$232,170$190,199$325,901
68$427,601$210,690$163,714$316,076
69$437,325$187,122$135,307$304,950
70$446,973$161,332$104,881$292,429
71$456,504$133,177$72,335$278,410
72$465,872$102,507$37,562$262,785
73$475,023$69,162$453$245,439
74$483,899$32,975$0$226,248
75$492,434$0$0$210,928
76$500,553$0$0$197,097
77$508,175$0$0$199,714
78$515,205$0$0$202,048
79$521,541$0$0$204,052
80$527,068$0$0$205,674
81$531,656$0$0$206,857
82$535,164$0$0$207,537
83$537,432$0$0$207,643
84$538,283$0$0$207,097
85$537,522$0$0$205,811
86$534,928$0$0$203,687
87$530,262$0$0$200,619
88$523,254$0$0$196,486
89$513,607$0$0$191,157
90$500,990$0$0$184,486
91$485,039$0$0$176,310
92$465,349$0$0$166,449
93$441,472$0$0$154,706
94$412,912$0$0$140,860
95$379,121$0$0$124,669
96$339,492$0$0$105,863
97$293,354$0$0$84,146
98$239,967$0$0$59,190
99$178,509$0$0$30,632
100$108,076$0$0$0