Can I retire at age 60 with 357,000?

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 $357,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$29,481$29,218$28,962$28,712$28,468$27,601
2 years$14,594$14,323$14,059$13,804$13,556$12,690
3 years$9,633$9,360$9,097$8,844$8,601$7,763
4 years$7,153$6,881$6,620$6,372$6,134$5,331
5 years$5,665$5,394$5,138$4,894$4,663$3,896
6 years$4,673$4,405$4,152$3,914$3,690$2,960
7 years$3,966$3,699$3,450$3,218$3,001$2,309
8 years$3,435$3,171$2,926$2,699$2,489$1,834
9 years$3,022$2,761$2,520$2,299$2,096$1,477
10 years$2,692$2,434$2,197$1,982$1,786$1,203
11 years$2,423$2,166$1,934$1,725$1,536$987
12 years$2,198$1,945$1,717$1,513$1,331$815
13 years$2,008$1,757$1,534$1,336$1,161$677
14 years$1,846$1,597$1,378$1,186$1,018$564
15 years$1,705$1,459$1,244$1,057$896$472
16 years$1,582$1,339$1,128$947$792$396
17 years$1,473$1,233$1,027$851$702$333
18 years$1,377$1,139$937$767$624$280
19 years$1,291$1,056$858$693$556$237
20 years$1,213$981$787$627$497$200
21 years$1,143$914$724$569$445$169
22 years$1,080$853$667$518$399$143
23 years$1,022$798$616$472$358$121
24 years$969$748$570$430$322$103
25 years$920$702$528$393$289$87
26 years$876$659$490$359$261$74
27 years$834$621$455$329$235$63
28 years$796$585$423$301$212$53
29 years$760$552$393$276$192$45
30 years$727$521$366$253$173$39
31 years$696$492$342$233$156$33
32 years$667$466$319$214$142$28
33 years$639$441$298$197$128$24
34 years$614$418$278$181$116$20
35 years$590$397$260$167$105$17
36 years$567$377$243$153$95$15
37 years$546$358$228$141$86$12
38 years$525$340$213$130$78$11
39 years$506$323$200$120$71$9
40 years$488$307$187$111$64$8
41 years$471$293$175$102$58$7
42 years$455$279$165$94$53$6
43 years$439$266$154$87$48$5
44 years$424$253$145$80$44$4
45 years$410$241$136$74$40$3
46 years$397$230$128$69$36$3
47 years$384$220$120$63$33$2
48 years$372$210$113$59$30$2
49 years$360$200$106$54$27$2
50 years$349$191$100$50$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $357,000, adding $4,471 every year, while hoping to spend $27,539 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: 57/15/28 Blend
59$357,000$357,000$357,000$357,000
60$398,026$379,105$373,571$417,427
61$409,323$368,380$356,785$420,517
62$420,850$356,206$338,513$420,623
63$432,600$342,484$318,677$420,176
64$444,567$327,107$297,194$419,130
65$456,742$309,964$273,978$417,438
66$469,113$290,936$248,940$415,047
67$481,668$269,898$221,986$411,904
68$494,393$246,717$193,017$407,949
69$507,268$221,253$161,930$403,120
70$520,274$193,359$128,619$397,350
71$533,386$162,878$92,972$390,566
72$546,577$129,645$54,872$382,691
73$559,815$93,485$14,198$373,644
74$573,065$54,214$0$363,335
75$586,284$11,637$0$360,397
76$599,427$0$0$361,095
77$612,441$0$0$366,802
78$625,267$0$0$374,295
79$637,837$0$0$381,609
80$650,076$0$0$388,697
81$661,899$0$0$395,505
82$673,212$0$0$401,973
83$683,909$0$0$408,033
84$693,871$0$0$413,612
85$702,965$0$0$418,624
86$711,044$0$0$422,976
87$717,943$0$0$426,564
88$723,478$0$0$429,272
89$727,445$0$0$430,972
90$729,618$0$0$431,518
91$729,743$0$0$430,753
92$727,541$0$0$428,500
93$722,700$0$0$424,561
94$714,876$0$0$418,720
95$703,684$0$0$410,736
96$688,702$0$0$400,339
97$669,459$0$0$387,236
98$645,434$0$0$371,096
99$616,050$0$0$351,558
100$580,670$0$0$328,219