Can I retire at age 60 with 396,000?

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 $396,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$32,701$32,410$32,126$31,848$31,578$30,579
2 years$16,189$15,887$15,595$15,312$15,037$14,040
3 years$10,685$10,383$10,091$9,810$9,540$8,576
4 years$7,934$7,632$7,344$7,068$6,804$5,880
5 years$6,284$5,984$5,699$5,429$5,172$4,291
6 years$5,184$4,886$4,606$4,341$4,093$3,255
7 years$4,399$4,103$3,827$3,569$3,328$2,534
8 years$3,810$3,517$3,246$2,994$2,761$2,010
9 years$3,352$3,063$2,796$2,550$2,325$1,616
10 years$2,986$2,699$2,437$2,198$1,981$1,313
11 years$2,687$2,403$2,146$1,913$1,704$1,075
12 years$2,438$2,157$1,904$1,678$1,477$886
13 years$2,228$1,949$1,701$1,482$1,288$734
14 years$2,047$1,772$1,529$1,315$1,129$611
15 years$1,891$1,619$1,380$1,173$994$510
16 years$1,754$1,485$1,251$1,050$878$427
17 years$1,634$1,368$1,139$944$779$358
18 years$1,527$1,264$1,039$850$693$301
19 years$1,432$1,171$952$768$617$253
20 years$1,346$1,088$873$696$551$214
21 years$1,268$1,014$803$632$493$180
22 years$1,198$946$740$574$442$152
23 years$1,134$885$684$523$397$129
24 years$1,075$829$632$477$357$109
25 years$1,021$778$586$436$321$92
26 years$971$731$543$398$289$78
27 years$925$688$504$365$261$66
28 years$883$649$469$334$235$56
29 years$843$612$436$306$212$47
30 years$806$578$406$281$192$40
31 years$772$546$379$258$174$34
32 years$739$517$353$237$157$29
33 years$709$490$330$218$142$25
34 years$681$464$308$201$129$21
35 years$654$440$288$185$117$18
36 years$629$418$270$170$106$15
37 years$605$397$252$157$96$13
38 years$583$377$236$145$87$11
39 years$562$358$221$133$79$9
40 years$541$341$208$123$71$8
41 years$522$325$195$113$65$7
42 years$504$309$183$105$59$6
43 years$487$295$171$97$53$5
44 years$471$281$161$89$48$4
45 years$455$268$151$82$44$3
46 years$440$255$142$76$40$3
47 years$426$244$133$70$36$2
48 years$412$233$125$65$33$2
49 years$399$222$118$60$30$2
50 years$387$212$111$56$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $396,000, adding $3,561 every year, while hoping to spend $27,151 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: 50/37/13 Blend
59$396,000$396,000$396,000$396,000
60$440,065$419,077$412,939$460,343
61$456,063$410,723$397,884$466,286
62$472,783$401,051$381,415$469,598
63$490,270$389,965$363,455$472,587
64$508,572$377,368$343,926$475,229
65$527,743$363,155$322,743$477,503
66$547,838$347,215$299,821$479,385
67$568,921$329,432$275,068$480,852
68$591,058$309,681$248,390$481,880
69$614,322$287,832$219,687$482,445
70$638,794$263,746$188,857$482,523
71$664,558$237,277$155,791$482,092
72$691,709$208,270$120,376$481,126
73$720,350$176,561$82,495$479,605
74$750,591$141,979$42,025$477,505
75$782,556$104,340$0$474,807
76$816,376$63,452$0$471,651
77$852,197$19,112$0$474,090
78$890,177$0$0$476,293
79$930,489$0$0$490,031
80$973,323$0$0$512,919
81$1,018,885$0$0$537,287
82$1,067,402$0$0$563,260
83$1,119,123$0$0$590,975
84$1,174,319$0$0$620,579
85$1,233,289$0$0$652,238
86$1,296,357$0$0$686,128
87$1,363,882$0$0$722,448
88$1,436,257$0$0$761,411
89$1,513,912$0$0$803,255
90$1,597,319$0$0$848,238
91$1,686,996$0$0$896,646
92$1,783,514$0$0$948,791
93$1,887,496$0$0$1,005,017
94$1,999,629$0$0$1,065,700
95$2,120,668$0$0$1,131,255
96$2,251,440$0$0$1,202,138
97$2,392,857$0$0$1,278,849
98$2,545,919$0$0$1,361,938
99$2,711,727$0$0$1,452,011
100$2,891,490$0$0$1,549,733