Can I retire at age 60 with 391,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$32,288$32,001$31,720$31,446$31,179$30,738
2 years$15,984$15,687$15,398$15,118$14,847$14,404
3 years$10,550$10,251$9,964$9,687$9,420$8,988
4 years$7,834$7,536$7,251$6,979$6,718$6,301
5 years$6,204$5,908$5,627$5,360$5,107$4,706
6 years$5,119$4,825$4,547$4,287$4,041$3,656
7 years$4,343$4,052$3,779$3,524$3,286$2,918
8 years$3,762$3,473$3,205$2,956$2,726$2,374
9 years$3,310$3,024$2,760$2,518$2,296$1,960
10 years$2,949$2,665$2,407$2,171$1,956$1,637
11 years$2,653$2,373$2,119$1,889$1,683$1,379
12 years$2,407$2,130$1,880$1,657$1,458$1,169
13 years$2,199$1,925$1,680$1,463$1,271$998
14 years$2,021$1,749$1,509$1,299$1,115$855
15 years$1,867$1,598$1,363$1,158$981$736
16 years$1,732$1,466$1,236$1,037$867$636
17 years$1,613$1,350$1,124$932$769$551
18 years$1,508$1,248$1,026$840$684$478
19 years$1,414$1,156$940$759$609$416
20 years$1,329$1,075$862$687$544$362
21 years$1,252$1,001$793$624$487$316
22 years$1,183$934$731$567$437$276
23 years$1,119$874$675$516$392$242
24 years$1,061$819$624$471$352$212
25 years$1,008$768$578$430$317$186
26 years$959$722$536$393$286$163
27 years$914$680$498$360$257$143
28 years$871$640$463$330$232$126
29 years$832$604$431$302$210$110
30 years$796$571$401$278$190$97
31 years$762$539$374$255$171$85
32 years$730$510$349$234$155$75
33 years$700$483$326$215$140$66
34 years$672$458$304$198$127$58
35 years$646$434$285$182$115$51
36 years$621$412$266$168$104$45
37 years$598$392$249$155$94$40
38 years$575$372$233$143$86$35
39 years$554$354$219$132$78$31
40 years$535$337$205$121$70$27
41 years$516$321$192$112$64$24
42 years$498$305$180$103$58$21
43 years$481$291$169$95$53$19
44 years$465$277$159$88$48$16
45 years$449$264$149$81$43$14
46 years$434$252$140$75$39$13
47 years$420$241$132$69$36$11
48 years$407$230$124$64$32$10
49 years$394$219$116$59$29$9
50 years$382$210$109$55$27$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $391,000, adding $5,227 every year, while hoping to spend $21,670 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: 84/9/7 Blend
59$391,000$391,000$391,000$391,000
60$436,274$415,551$409,490$472,208
61$457,717$412,856$400,151$493,757
62$480,621$409,303$389,773$513,940
63$505,112$404,827$378,299$535,428
64$531,329$399,358$365,667$558,337
65$559,422$392,825$351,815$582,797
66$589,559$385,149$336,676$608,950
67$621,922$376,249$320,182$636,953
68$656,710$366,038$302,261$666,976
69$694,145$354,424$282,837$699,211
70$734,468$341,310$261,832$733,865
71$777,943$326,594$239,163$771,168
72$824,862$310,166$214,744$811,375
73$875,546$291,912$188,486$854,763
74$930,345$271,709$160,294$901,640
75$989,647$249,430$130,070$952,345
76$1,053,877$224,938$97,713$1,007,252
77$1,123,501$198,089$63,116$1,066,771
78$1,199,035$168,731$26,166$1,131,356
79$1,281,042$136,705$0$1,201,507
80$1,370,145$101,840$0$1,278,765
81$1,467,027$63,957$0$1,364,897
82$1,572,440$22,868$0$1,458,624
83$1,687,213$0$0$1,560,694
84$1,812,255$0$0$1,674,071
85$1,948,570$0$0$1,800,145
86$2,097,260$0$0$1,937,670
87$2,259,539$0$0$2,087,772
88$2,436,744$0$0$2,251,686
89$2,630,346$0$0$2,430,775
90$2,841,964$0$0$2,626,537
91$3,073,382$0$0$2,840,624
92$3,326,564$0$0$3,074,852
93$3,603,670$0$0$3,331,222
94$3,907,082$0$0$3,611,939
95$4,239,420$0$0$3,919,428
96$4,603,572$0$0$4,256,361
97$5,002,718$0$0$4,625,682
98$5,440,358$0$0$5,030,632
99$5,920,349$0$0$5,474,780
100$6,446,939$0$0$5,962,059