Can I retire at age 60 with 385,000?

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 $385,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$31,793$31,510$31,233$30,964$30,700$29,541
2 years$15,739$15,446$15,162$14,886$14,619$13,464
3 years$10,388$10,094$9,811$9,538$9,275$8,161
4 years$7,714$7,420$7,140$6,872$6,615$5,551
5 years$6,109$5,818$5,541$5,278$5,029$4,017
6 years$5,040$4,750$4,478$4,221$3,979$3,020
7 years$4,277$3,989$3,721$3,470$3,236$2,330
8 years$3,704$3,420$3,156$2,911$2,685$1,830
9 years$3,259$2,977$2,718$2,480$2,261$1,457
10 years$2,904$2,624$2,370$2,137$1,926$1,172
11 years$2,613$2,336$2,086$1,860$1,657$950
12 years$2,370$2,097$1,851$1,632$1,436$775
13 years$2,166$1,895$1,654$1,440$1,252$635
14 years$1,990$1,723$1,486$1,279$1,097$522
15 years$1,838$1,574$1,342$1,140$966$431
16 years$1,706$1,444$1,217$1,021$854$357
17 years$1,589$1,330$1,107$917$757$296
18 years$1,485$1,229$1,011$827$673$246
19 years$1,392$1,139$925$747$600$204
20 years$1,308$1,058$849$677$536$170
21 years$1,233$986$781$614$480$142
22 years$1,165$920$720$558$430$118
23 years$1,102$861$665$508$386$99
24 years$1,045$806$615$464$347$82
25 years$993$757$569$424$312$69
26 years$944$711$528$387$281$58
27 years$900$669$490$354$254$48
28 years$858$631$456$325$229$40
29 years$820$595$424$298$207$34
30 years$784$562$395$273$187$28
31 years$750$531$368$251$169$24
32 years$719$503$344$231$153$20
33 years$689$476$321$212$138$17
34 years$662$451$300$195$125$14
35 years$636$428$280$180$113$12
36 years$611$406$262$165$103$10
37 years$588$386$245$152$93$8
38 years$567$367$230$141$84$7
39 years$546$349$215$130$76$6
40 years$526$332$202$120$69$5
41 years$508$316$189$110$63$4
42 years$490$301$178$102$57$3
43 years$473$286$167$94$52$3
44 years$457$273$156$87$47$2
45 years$442$260$147$80$43$2
46 years$428$248$138$74$39$2
47 years$414$237$130$68$35$1
48 years$401$226$122$63$32$1
49 years$388$216$114$58$29$1
50 years$376$206$108$54$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $385,000, adding $4,627 every year, while hoping to spend $26,051 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: 36/50/14 Blend
59$385,000$385,000$385,000$385,000
60$429,043$408,638$402,670$442,488
61$445,087$400,943$388,442$444,900
62$461,895$391,998$372,863$444,680
63$479,516$381,714$355,862$443,876
64$498,006$369,997$337,363$442,451
65$517,424$356,748$317,286$440,363
66$537,833$341,861$295,547$437,572
67$559,305$325,225$272,061$434,033
68$581,916$306,723$246,736$429,704
69$605,747$286,228$219,478$424,537
70$630,891$263,611$190,188$418,485
71$657,445$238,731$158,763$411,499
72$685,517$211,442$125,094$403,529
73$715,224$181,587$89,069$394,524
74$746,695$149,002$50,570$384,432
75$780,069$113,514$9,476$373,198
76$815,499$74,940$0$360,771
77$853,153$33,085$0$352,229
78$893,213$0$0$344,228
79$935,880$0$0$342,059
80$981,374$0$0$359,187
81$1,029,934$0$0$377,502
82$1,081,823$0$0$397,108
83$1,137,330$0$0$418,119
84$1,196,772$0$0$440,658
85$1,260,495$0$0$464,864
86$1,328,880$0$0$490,884
87$1,402,344$0$0$518,885
88$1,481,346$0$0$549,047
89$1,566,389$0$0$581,568
90$1,658,025$0$0$616,667
91$1,756,863$0$0$654,583
92$1,863,567$0$0$695,580
93$1,978,873$0$0$739,946
94$2,103,583$0$0$788,000
95$2,238,585$0$0$840,092
96$2,384,850$0$0$896,606
97$2,543,449$0$0$957,966
98$2,715,559$0$0$1,024,637
99$2,902,473$0$0$1,097,130
100$3,105,615$0$0$1,176,009