Can I retire at age 60 with 369,000?

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 $369,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$30,472$30,200$29,935$29,677$29,425$28,483
2 years$15,085$14,804$14,532$14,268$14,012$13,071
3 years$9,957$9,675$9,403$9,141$8,890$7,980
4 years$7,393$7,112$6,843$6,586$6,340$5,469
5 years$5,855$5,576$5,310$5,059$4,820$3,989
6 years$4,831$4,553$4,292$4,045$3,814$3,024
7 years$4,099$3,824$3,566$3,326$3,102$2,353
8 years$3,550$3,278$3,025$2,790$2,573$1,865
9 years$3,124$2,854$2,605$2,377$2,167$1,499
10 years$2,783$2,515$2,271$2,049$1,846$1,217
11 years$2,504$2,239$1,999$1,783$1,588$996
12 years$2,272$2,010$1,774$1,564$1,376$820
13 years$2,076$1,816$1,585$1,381$1,200$679
14 years$1,908$1,651$1,424$1,226$1,052$565
15 years$1,762$1,508$1,286$1,093$926$471
16 years$1,635$1,384$1,166$979$818$394
17 years$1,523$1,274$1,061$879$726$330
18 years$1,423$1,178$969$792$645$277
19 years$1,334$1,091$887$716$575$233
20 years$1,254$1,014$814$649$514$197
21 years$1,182$945$749$589$460$166
22 years$1,116$882$690$535$412$140
23 years$1,056$825$637$487$370$118
24 years$1,002$773$589$445$332$100
25 years$951$725$546$406$299$84
26 years$905$682$506$371$270$71
27 years$862$641$470$340$243$60
28 years$822$604$437$311$219$51
29 years$786$570$407$285$198$43
30 years$751$538$379$262$179$37
31 years$719$509$353$241$162$31
32 years$689$482$329$221$146$26
33 years$661$456$308$203$132$22
34 years$634$432$287$187$120$19
35 years$610$410$269$172$109$16
36 years$586$389$251$159$98$14
37 years$564$370$235$146$89$12
38 years$543$351$220$135$81$10
39 years$523$334$206$124$73$8
40 years$504$318$193$115$66$7
41 years$487$303$181$106$60$6
42 years$470$288$170$98$55$5
43 years$454$275$160$90$50$4
44 years$438$262$150$83$45$4
45 years$424$250$141$77$41$3
46 years$410$238$132$71$37$3
47 years$397$227$124$66$34$2
48 years$384$217$117$61$31$2
49 years$372$207$110$56$28$2
50 years$360$198$103$52$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $369,000, adding $3,024 every year, while hoping to spend $21,391 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: 54/30/16 Blend
59$369,000$369,000$369,000$369,000
60$409,757$390,200$384,481$429,978
61$428,793$386,560$374,601$440,471
62$449,053$382,025$363,673$449,347
63$470,640$376,528$351,640$458,528
64$493,666$369,999$338,441$468,051
65$518,254$362,362$324,013$477,953
66$544,538$353,541$308,290$488,279
67$572,666$343,449$291,202$499,079
68$602,800$332,000$272,679$510,410
69$635,116$319,099$252,645$522,335
70$669,810$304,647$231,021$534,925
71$707,095$288,539$207,724$548,263
72$747,205$270,664$182,670$562,437
73$790,399$250,905$155,767$577,549
74$836,957$229,137$126,923$593,713
75$887,192$205,230$96,040$611,057
76$941,444$179,044$63,016$629,723
77$1,000,088$150,434$27,744$649,871
78$1,063,536$119,245$0$671,678
79$1,132,241$85,312$0$697,033
80$1,206,702$48,464$0$729,634
81$1,287,464$8,518$0$765,007
82$1,375,132$0$0$803,449
83$1,470,366$0$0$856,752
84$1,573,896$0$0$917,787
85$1,686,523$0$0$984,216
86$1,809,128$0$0$1,056,565
87$1,942,683$0$0$1,135,410
88$2,088,255$0$0$1,221,387
89$2,247,018$0$0$1,315,193
90$2,420,267$0$0$1,417,598
91$2,609,425$0$0$1,529,449
92$2,816,059$0$0$1,651,676
93$3,041,894$0$0$1,785,307
94$3,288,831$0$0$1,931,471
95$3,558,960$0$0$2,091,412
96$3,854,584$0$0$2,266,499
97$4,178,240$0$0$2,458,240
98$4,532,718$0$0$2,668,296
99$4,921,095$0$0$2,898,497
100$5,346,756$0$0$3,150,856