Can I retire at age 60 with 364,000?

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 $364,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$30,059$29,791$29,530$29,275$29,026$28,879
2 years$14,881$14,603$14,335$14,074$13,822$13,674
3 years$9,822$9,544$9,276$9,018$8,769$8,624
4 years$7,293$7,015$6,750$6,497$6,254$6,114
5 years$5,776$5,500$5,238$4,990$4,754$4,619
6 years$4,765$4,491$4,233$3,991$3,762$3,631
7 years$4,043$3,772$3,518$3,281$3,059$2,934
8 years$3,502$3,233$2,984$2,752$2,538$2,417
9 years$3,081$2,815$2,570$2,344$2,137$2,022
10 years$2,745$2,481$2,240$2,021$1,821$1,710
11 years$2,470$2,209$1,972$1,759$1,566$1,460
12 years$2,241$1,983$1,750$1,543$1,357$1,256
13 years$2,048$1,792$1,564$1,362$1,184$1,087
14 years$1,882$1,629$1,405$1,209$1,038$946
15 years$1,738$1,488$1,269$1,078$914$826
16 years$1,613$1,365$1,150$965$807$724
17 years$1,502$1,257$1,047$867$716$637
18 years$1,404$1,162$955$782$637$562
19 years$1,316$1,077$875$706$567$496
20 years$1,237$1,000$803$640$507$440
21 years$1,166$932$738$581$454$390
22 years$1,101$870$681$528$407$346
23 years$1,042$814$628$481$365$308
24 years$988$762$581$438$328$275
25 years$938$715$538$400$295$245
26 years$893$672$499$366$266$219
27 years$850$633$464$335$240$195
28 years$811$596$431$307$216$174
29 years$775$562$401$282$195$156
30 years$741$531$374$258$176$140
31 years$709$502$348$237$160$125
32 years$680$475$325$218$144$112
33 years$652$450$303$201$131$100
34 years$626$426$283$185$118$90
35 years$601$404$265$170$107$81
36 years$578$384$248$156$97$72
37 years$556$365$232$144$88$65
38 years$536$347$217$133$80$58
39 years$516$330$204$123$72$52
40 years$498$314$191$113$66$47
41 years$480$298$179$104$59$42
42 years$463$284$168$96$54$38
43 years$448$271$157$89$49$34
44 years$432$258$148$82$44$31
45 years$418$246$139$76$40$27
46 years$404$235$130$70$37$25
47 years$391$224$122$65$33$22
48 years$379$214$115$60$30$20
49 years$367$204$108$55$27$18
50 years$355$195$102$51$25$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $364,000, adding $4,095 every year, while hoping to spend $20,788 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: 81/14/5 Blend
59$364,000$364,000$364,000$364,000
60$405,352$386,060$380,418$437,795
61$424,580$382,859$371,044$456,405
62$445,072$378,804$360,659$473,628
63$466,935$373,831$349,207$491,887
64$490,288$367,874$336,631$511,275
65$515,258$360,860$322,868$531,892
66$541,985$352,714$307,856$553,849
67$570,626$343,355$291,527$577,270
68$601,349$332,698$273,812$602,290
69$634,339$320,654$254,638$629,058
70$669,802$307,126$233,928$657,737
71$707,961$292,014$211,604$688,509
72$749,062$275,212$187,582$721,575
73$793,376$256,607$161,775$757,153
74$841,198$236,079$134,093$795,487
75$892,856$213,502$104,440$836,845
76$948,707$188,743$72,719$881,522
77$1,009,146$161,662$38,826$929,843
78$1,074,605$132,110$2,652$982,169
79$1,145,560$99,929$0$1,038,893
80$1,222,536$64,954$0$1,102,373
81$1,306,106$27,009$0$1,171,447
82$1,396,906$0$0$1,246,512
83$1,495,631$0$0$1,330,331
84$1,603,047$0$0$1,426,065
85$1,719,998$0$0$1,530,305
86$1,847,411$0$0$1,643,879
87$1,986,307$0$0$1,767,698
88$2,137,811$0$0$1,902,765
89$2,303,158$0$0$2,050,185
90$2,483,710$0$0$2,211,171
91$2,680,966$0$0$2,387,062
92$2,896,575$0$0$2,579,329
93$3,132,354$0$0$2,789,595
94$3,390,303$0$0$3,019,643
95$3,672,624$0$0$3,271,440
96$3,981,742$0$0$3,547,150
97$4,320,327$0$0$3,849,156
98$4,691,320$0$0$4,180,083
99$5,097,958$0$0$4,542,822
100$5,543,810$0$0$4,940,555