Can I retire at age 60 with 334,000?

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 $334,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$27,581$27,336$27,096$26,862$26,634$26,000
2 years$13,654$13,400$13,153$12,914$12,683$12,048
3 years$9,012$8,757$8,511$8,274$8,046$7,431
4 years$6,692$6,437$6,194$5,961$5,739$5,147
5 years$5,300$5,047$4,807$4,579$4,363$3,796
6 years$4,372$4,121$3,885$3,662$3,452$2,911
7 years$3,710$3,461$3,228$3,010$2,807$2,292
8 years$3,214$2,967$2,738$2,525$2,329$1,839
9 years$2,828$2,583$2,358$2,151$1,961$1,497
10 years$2,519$2,277$2,056$1,854$1,671$1,231
11 years$2,267$2,027$1,810$1,614$1,437$1,022
12 years$2,056$1,819$1,606$1,415$1,245$853
13 years$1,879$1,644$1,435$1,250$1,086$717
14 years$1,727$1,494$1,289$1,109$952$604
15 years$1,595$1,365$1,164$989$838$512
16 years$1,480$1,253$1,055$886$741$434
17 years$1,378$1,154$960$796$657$370
18 years$1,288$1,066$877$717$584$316
19 years$1,208$988$803$648$521$270
20 years$1,135$918$737$587$465$231
21 years$1,070$855$678$533$416$198
22 years$1,010$798$624$484$373$170
23 years$956$747$577$441$335$146
24 years$907$699$533$402$301$125
25 years$861$656$494$367$271$108
26 years$819$617$458$336$244$93
27 years$780$581$425$308$220$80
28 years$744$547$395$282$198$69
29 years$711$516$368$258$179$59
30 years$680$487$343$237$162$51
31 years$651$461$320$218$146$44
32 years$624$436$298$200$132$38
33 years$598$413$278$184$120$33
34 years$574$391$260$169$108$28
35 years$552$371$243$156$98$24
36 years$530$352$227$144$89$21
37 years$510$335$213$132$81$18
38 years$492$318$199$122$73$16
39 years$474$302$187$112$66$14
40 years$457$288$175$104$60$12
41 years$441$274$164$96$55$10
42 years$425$261$154$88$50$9
43 years$411$248$145$82$45$7
44 years$397$237$136$75$41$6
45 years$384$226$127$69$37$6
46 years$371$215$120$64$34$5
47 years$359$206$112$59$31$4
48 years$348$196$106$55$28$4
49 years$337$187$99$51$25$3
50 years$326$179$93$47$23$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $334,000, adding $3,169 every year, while hoping to spend $22,493 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: 70/24/6 Blend
59$334,000$334,000$334,000$334,000
60$371,337$353,635$348,458$396,810
61$385,281$347,031$336,199$407,460
62$399,893$339,349$322,775$416,030
63$415,218$330,513$308,124$424,785
64$431,305$320,442$292,180$433,738
65$448,204$309,051$274,875$442,904
66$465,975$296,247$256,137$452,299
67$484,677$281,936$235,890$461,943
68$504,379$266,016$214,057$471,856
69$525,153$248,379$190,556$482,064
70$547,081$228,911$165,302$492,594
71$570,249$207,493$138,205$503,478
72$594,752$183,998$109,172$514,752
73$620,693$158,291$78,107$526,455
74$648,187$130,231$44,907$538,634
75$677,357$99,667$9,466$551,339
76$708,339$66,442$0$564,630
77$741,281$30,388$0$580,385
78$776,344$0$0$597,628
79$813,706$0$0$618,132
80$853,562$0$0$648,576
81$896,125$0$0$681,098
82$941,626$0$0$715,877
83$990,324$0$0$753,112
84$1,042,496$0$0$793,017
85$1,098,452$0$0$835,829
86$1,158,529$0$0$881,810
87$1,223,096$0$0$931,243
88$1,292,561$0$0$984,442
89$1,367,369$0$0$1,041,751
90$1,448,011$0$0$1,103,548
91$1,535,026$0$0$1,170,247
92$1,629,005$0$0$1,242,305
93$1,730,598$0$0$1,320,223
94$1,840,519$0$0$1,404,552
95$1,959,555$0$0$1,495,897
96$2,088,568$0$0$1,594,923
97$2,228,509$0$0$1,702,363
98$2,380,421$0$0$1,819,021
99$2,545,453$0$0$1,945,784
100$2,724,869$0$0$2,083,625