Can I retire at age 60 with 354,000?

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 $354,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$29,233$28,973$28,719$28,471$28,228$27,945
2 years$14,472$14,202$13,941$13,688$13,442$13,157
3 years$9,552$9,281$9,021$8,770$8,528$8,250
4 years$7,093$6,823$6,565$6,318$6,082$5,813
5 years$5,617$5,349$5,095$4,853$4,624$4,364
6 years$4,634$4,368$4,117$3,881$3,659$3,409
7 years$3,932$3,668$3,421$3,191$2,975$2,736
8 years$3,406$3,144$2,902$2,677$2,468$2,239
9 years$2,997$2,738$2,499$2,280$2,079$1,860
10 years$2,670$2,413$2,179$1,965$1,771$1,562
11 years$2,402$2,148$1,918$1,710$1,523$1,324
12 years$2,180$1,928$1,702$1,500$1,320$1,130
13 years$1,991$1,743$1,521$1,325$1,151$971
14 years$1,830$1,584$1,367$1,176$1,009$838
15 years$1,690$1,447$1,234$1,049$888$726
16 years$1,568$1,328$1,119$939$785$631
17 years$1,461$1,223$1,018$844$696$550
18 years$1,365$1,130$929$760$619$481
19 years$1,280$1,047$851$687$552$422
20 years$1,203$973$781$622$493$370
21 years$1,134$906$718$565$441$326
22 years$1,071$846$662$513$395$287
23 years$1,013$791$611$468$355$253
24 years$961$741$565$426$319$223
25 years$913$696$523$389$287$197
26 years$868$654$485$356$259$174
27 years$827$615$451$326$233$154
28 years$789$580$419$299$210$136
29 years$754$547$390$274$190$121
30 years$721$517$363$251$172$107
31 years$690$488$339$231$155$95
32 years$661$462$316$212$140$84
33 years$634$438$295$195$127$75
34 years$609$415$276$179$115$66
35 years$585$393$258$165$104$59
36 years$562$373$241$152$94$52
37 years$541$355$226$140$86$46
38 years$521$337$211$129$78$41
39 years$502$320$198$119$70$37
40 years$484$305$186$110$64$33
41 years$467$290$174$101$58$29
42 years$451$276$163$94$53$26
43 years$435$263$153$86$48$23
44 years$421$251$144$80$43$20
45 years$407$239$135$74$39$18
46 years$393$228$127$68$36$16
47 years$381$218$119$63$32$14
48 years$368$208$112$58$29$13
49 years$357$199$105$54$27$11
50 years$346$190$99$50$24$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $354,000, adding $5,701 every year, while hoping to spend $27,047 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: 62/26/12 Blend
59$354,000$354,000$354,000$354,000
60$395,989$377,227$371,740$419,073
61$407,602$366,933$355,415$424,948
62$419,493$355,228$337,637$427,748
63$431,662$342,015$318,329$430,138
64$444,107$327,190$297,409$432,081
65$456,827$310,644$274,793$433,534
66$469,819$292,260$250,394$434,452
67$483,077$271,917$224,118$434,788
68$496,595$249,486$195,871$434,491
69$510,366$224,829$165,551$433,505
70$524,380$197,802$133,053$431,771
71$538,625$168,252$98,269$429,226
72$553,087$136,019$61,083$425,802
73$567,748$100,931$21,376$421,427
74$582,590$62,808$0$416,023
75$597,590$21,461$0$412,195
76$612,719$0$0$410,259
77$627,949$0$0$414,067
78$643,243$0$0$424,045
79$658,561$0$0$434,025
80$673,858$0$0$443,974
81$689,080$0$0$453,857
82$704,170$0$0$463,633
83$719,060$0$0$473,256
84$733,676$0$0$482,674
85$747,932$0$0$491,828
86$761,734$0$0$500,654
87$774,976$0$0$509,078
88$787,538$0$0$517,018
89$799,287$0$0$524,382
90$810,075$0$0$531,068
91$819,734$0$0$536,962
92$828,080$0$0$541,936
93$834,906$0$0$545,849
94$839,983$0$0$548,543
95$843,056$0$0$549,843
96$843,839$0$0$549,554
97$842,019$0$0$547,460
98$837,244$0$0$543,321
99$829,126$0$0$536,870
100$817,235$0$0$527,812