Can I retire at age 60 with 383,000?

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 $383,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$31,628$31,346$31,071$30,803$30,541$29,924
2 years$15,657$15,366$15,083$14,809$14,543$13,925
3 years$10,335$10,042$9,760$9,488$9,227$8,626
4 years$7,674$7,382$7,103$6,836$6,581$6,002
5 years$6,078$5,787$5,512$5,251$5,003$4,447
6 years$5,014$4,726$4,454$4,199$3,958$3,427
7 years$4,254$3,969$3,702$3,452$3,219$2,712
8 years$3,685$3,402$3,139$2,896$2,671$2,188
9 years$3,242$2,962$2,704$2,467$2,249$1,790
10 years$2,888$2,611$2,357$2,126$1,916$1,481
11 years$2,599$2,324$2,075$1,851$1,648$1,236
12 years$2,358$2,086$1,842$1,623$1,428$1,038
13 years$2,154$1,885$1,646$1,433$1,245$877
14 years$1,980$1,714$1,479$1,272$1,092$744
15 years$1,829$1,565$1,335$1,134$961$634
16 years$1,697$1,436$1,210$1,016$850$542
17 years$1,580$1,323$1,101$913$753$464
18 years$1,477$1,222$1,005$823$670$399
19 years$1,385$1,133$920$743$597$343
20 years$1,302$1,053$845$673$533$296
21 years$1,227$981$777$611$477$255
22 years$1,159$915$716$555$428$220
23 years$1,096$856$661$506$384$191
24 years$1,040$802$611$461$345$165
25 years$987$753$566$421$311$143
26 years$939$707$525$385$280$124
27 years$895$666$488$353$252$107
28 years$854$627$453$323$228$93
29 years$815$592$422$296$205$81
30 years$780$559$393$272$186$70
31 years$746$528$366$250$168$61
32 years$715$500$342$230$152$53
33 years$686$473$319$211$137$46
34 years$658$449$298$194$124$40
35 years$633$426$279$179$113$35
36 years$608$404$261$165$102$30
37 years$585$384$244$152$93$26
38 years$564$365$229$140$84$23
39 years$543$347$214$129$76$20
40 years$524$330$201$119$69$17
41 years$505$314$188$110$63$15
42 years$488$299$177$101$57$13
43 years$471$285$166$93$52$11
44 years$455$272$156$86$47$10
45 years$440$259$146$80$42$9
46 years$426$247$137$74$39$8
47 years$412$236$129$68$35$7
48 years$399$225$121$63$32$6
49 years$386$215$114$58$29$5
50 years$374$205$107$54$26$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $383,000, adding $5,341 every year, while hoping to spend $25,042 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: 58/15/27 Blend
59$383,000$383,000$383,000$383,000
60$427,575$407,276$401,340$448,950
61$444,543$400,588$388,140$457,489
62$462,403$392,733$373,659$463,690
63$481,219$383,628$357,827$469,931
64$501,060$373,183$340,572$476,222
65$522,005$361,305$321,817$482,576
66$544,136$347,895$301,484$489,009
67$567,543$332,848$279,490$495,540
68$592,328$316,053$255,748$502,190
69$618,598$297,392$230,168$508,985
70$646,471$276,741$202,655$515,955
71$676,079$253,968$173,111$523,135
72$707,561$228,935$141,433$530,566
73$741,075$201,495$107,513$538,292
74$776,788$171,493$71,239$546,368
75$814,889$138,764$32,494$554,854
76$855,581$103,136$0$563,819
77$899,086$64,426$0$575,892
78$945,650$22,441$0$598,767
79$995,542$0$0$623,213
80$1,049,057$0$0$653,183
81$1,106,516$0$0$689,363
82$1,168,276$0$0$728,275
83$1,234,726$0$0$770,166
84$1,306,293$0$0$815,309
85$1,383,447$0$0$864,005
86$1,466,703$0$0$916,582
87$1,556,630$0$0$973,402
88$1,653,849$0$0$1,034,862
89$1,759,046$0$0$1,101,400
90$1,872,973$0$0$1,173,496
91$1,996,457$0$0$1,251,677
92$2,130,408$0$0$1,336,526
93$2,275,827$0$0$1,428,680
94$2,433,815$0$0$1,528,842
95$2,605,582$0$0$1,637,786
96$2,792,460$0$0$1,756,361
97$2,995,914$0$0$1,885,504
98$3,217,557$0$0$2,026,245
99$3,459,164$0$0$2,179,716
100$3,722,687$0$0$2,347,165