Can I retire at age 60 with 300,000?

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 $300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$24,774$24,553$24,338$24,128$23,922$23,545
2 years$12,264$12,036$11,814$11,600$11,392$11,013
3 years$8,095$7,866$7,645$7,432$7,227$6,858
4 years$6,011$5,782$5,563$5,354$5,155$4,799
5 years$4,760$4,533$4,317$4,113$3,918$3,576
6 years$3,927$3,702$3,489$3,289$3,101$2,772
7 years$3,332$3,109$2,899$2,704$2,522$2,208
8 years$2,886$2,665$2,459$2,268$2,092$1,792
9 years$2,540$2,320$2,118$1,932$1,762$1,476
10 years$2,262$2,045$1,846$1,666$1,501$1,230
11 years$2,036$1,821$1,626$1,449$1,291$1,033
12 years$1,847$1,634$1,443$1,271$1,119$874
13 years$1,688$1,477$1,289$1,122$976$744
14 years$1,551$1,342$1,158$996$855$636
15 years$1,433$1,226$1,046$889$753$546
16 years$1,329$1,125$948$796$665$470
17 years$1,238$1,036$863$715$590$406
18 years$1,157$957$787$644$525$351
19 years$1,085$887$721$582$468$305
20 years$1,020$825$662$527$418$265
21 years$961$768$609$479$374$230
22 years$907$717$561$435$335$201
23 years$859$671$518$396$301$175
24 years$814$628$479$361$270$153
25 years$773$590$444$330$243$134
26 years$736$554$411$302$219$117
27 years$701$521$382$276$198$102
28 years$669$491$355$253$178$89
29 years$639$464$330$232$161$78
30 years$611$438$308$213$145$69
31 years$585$414$287$196$131$60
32 years$560$392$268$180$119$53
33 years$537$371$250$165$108$46
34 years$516$351$234$152$97$41
35 years$496$333$218$140$88$36
36 years$476$316$204$129$80$31
37 years$458$301$191$119$72$27
38 years$441$286$179$110$66$24
39 years$425$272$168$101$60$21
40 years$410$258$157$93$54$19
41 years$396$246$147$86$49$16
42 years$382$234$138$79$44$14
43 years$369$223$130$73$40$13
44 years$356$213$122$68$37$11
45 years$345$203$114$62$33$10
46 years$333$194$107$58$30$9
47 years$323$185$101$53$27$7
48 years$312$176$95$49$25$7
49 years$302$168$89$45$23$6
50 years$293$161$84$42$21$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $300,000, adding $2,355 every year, while hoping to spend $26,629 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: 54/39/7 Blend
59$300,000$300,000$300,000$300,000
60$333,029$317,129$312,479$350,340
61$338,665$304,335$294,614$349,522
62$343,983$290,022$275,258$345,499
63$348,924$274,087$254,333$340,476
64$353,418$256,422$231,758$334,363
65$357,391$236,911$207,446$327,062
66$360,760$215,434$181,310$318,466
67$363,429$191,863$153,256$308,462
68$365,296$166,061$123,187$296,924
69$366,245$137,886$91,002$283,718
70$366,146$107,187$56,595$268,699
71$364,858$73,804$19,856$251,707
72$362,221$37,568$0$232,571
73$358,059$0$0$212,551
74$352,179$0$0$192,405
75$344,363$0$0$187,213
76$334,371$0$0$180,709
77$321,940$0$0$172,736
78$306,775$0$0$163,118
79$288,550$0$0$151,661
80$266,908$0$0$138,150
81$241,448$0$0$122,348
82$211,733$0$0$103,993
83$177,274$0$0$82,794
84$137,535$0$0$58,431
85$91,921$0$0$30,550
86$39,776$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0