Can I retire at age 60 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$30,967$30,691$30,422$30,160$29,903$29,396
2 years$15,330$15,045$14,768$14,500$14,240$13,730
3 years$10,119$9,832$9,556$9,290$9,034$8,538
4 years$7,513$7,227$6,954$6,693$6,443$5,965
5 years$5,951$5,666$5,397$5,141$4,898$4,438
6 years$4,909$4,627$4,361$4,111$3,876$3,435
7 years$4,165$3,886$3,624$3,380$3,152$2,731
8 years$3,608$3,331$3,074$2,835$2,615$2,213
9 years$3,175$2,900$2,647$2,415$2,202$1,820
10 years$2,828$2,556$2,308$2,082$1,876$1,513
11 years$2,545$2,276$2,032$1,812$1,614$1,269
12 years$2,309$2,043$1,803$1,589$1,398$1,071
13 years$2,109$1,846$1,611$1,403$1,219$910
14 years$1,939$1,678$1,448$1,245$1,069$776
15 years$1,791$1,533$1,307$1,111$941$665
16 years$1,661$1,406$1,185$995$832$572
17 years$1,547$1,295$1,078$894$738$493
18 years$1,446$1,197$984$805$656$425
19 years$1,356$1,109$901$728$585$368
20 years$1,275$1,031$827$659$522$319
21 years$1,201$960$761$598$467$277
22 years$1,134$896$701$544$419$241
23 years$1,074$838$647$495$376$210
24 years$1,018$785$599$452$338$183
25 years$967$737$554$413$304$159
26 years$920$693$514$377$274$139
27 years$876$652$478$345$247$121
28 years$836$614$444$316$223$106
29 years$798$579$413$290$201$92
30 years$763$547$385$266$182$81
31 years$731$517$359$245$164$71
32 years$700$489$335$225$149$62
33 years$672$464$313$207$135$54
34 years$645$439$292$190$122$47
35 years$619$417$273$175$110$41
36 years$596$396$255$161$100$36
37 years$573$376$239$149$91$32
38 years$552$357$224$137$82$28
39 years$532$339$210$126$74$24
40 years$513$323$197$116$68$21
41 years$495$307$184$107$61$19
42 years$477$293$173$99$56$16
43 years$461$279$162$92$50$14
44 years$446$266$152$84$46$13
45 years$431$254$143$78$42$11
46 years$417$242$134$72$38$10
47 years$403$231$126$67$34$8
48 years$390$220$119$62$31$7
49 years$378$210$111$57$28$6
50 years$366$201$105$53$26$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $375,000, adding $6,130 every year, while hoping to spend $25,627 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: 27/50/23 Blend
59$375,000$375,000$375,000$375,000
60$419,573$399,698$393,886$427,732
61$435,103$392,016$379,814$426,986
62$451,357$383,099$364,412$423,535
63$468,384$372,859$347,608$419,289
64$486,233$361,204$329,327$414,196
65$504,961$348,034$309,491$408,202
66$524,626$333,248$288,018$401,251
67$545,294$316,733$264,823$393,285
68$567,036$298,375$239,817$384,243
69$589,928$278,050$212,905$374,061
70$614,055$255,628$183,991$362,672
71$639,507$230,972$152,973$350,008
72$666,384$203,937$119,745$335,996
73$694,794$174,369$84,195$320,563
74$724,856$142,106$46,209$303,630
75$756,698$106,976$5,664$285,118
76$790,463$68,799$0$264,945
77$826,304$27,384$0$252,252
78$864,390$0$0$239,806
79$904,906$0$0$235,772
80$948,053$0$0$247,556
81$994,053$0$0$260,155
82$1,043,148$0$0$273,641
83$1,095,603$0$0$288,091
84$1,151,709$0$0$303,591
85$1,211,786$0$0$320,235
86$1,276,182$0$0$338,125
87$1,345,281$0$0$357,375
88$1,419,505$0$0$378,108
89$1,499,315$0$0$400,461
90$1,585,219$0$0$424,583
91$1,677,774$0$0$450,639
92$1,777,591$0$0$478,808
93$1,885,344$0$0$509,291
94$2,001,770$0$0$542,305
95$2,127,682$0$0$578,090
96$2,263,971$0$0$616,909
97$2,411,618$0$0$659,054
98$2,571,702$0$0$704,842
99$2,745,409$0$0$754,626
100$2,934,043$0$0$808,792