Can I retire at age 60 with 372,000?

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 $372,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$30,719$30,446$30,179$29,918$29,664$28,982
2 years$15,208$14,924$14,650$14,384$14,126$13,442
3 years$10,038$9,753$9,479$9,216$8,962$8,299
4 years$7,453$7,170$6,899$6,639$6,392$5,754
5 years$5,903$5,621$5,354$5,100$4,859$4,248
6 years$4,870$4,590$4,327$4,078$3,845$3,261
7 years$4,132$3,855$3,595$3,353$3,127$2,571
8 years$3,579$3,304$3,049$2,813$2,594$2,065
9 years$3,149$2,877$2,626$2,396$2,184$1,683
10 years$2,805$2,536$2,290$2,065$1,861$1,386
11 years$2,524$2,258$2,016$1,797$1,601$1,151
12 years$2,290$2,026$1,789$1,577$1,387$963
13 years$2,093$1,831$1,598$1,392$1,210$810
14 years$1,923$1,664$1,436$1,236$1,060$684
15 years$1,776$1,520$1,297$1,102$934$580
16 years$1,648$1,395$1,176$987$825$493
17 years$1,535$1,285$1,070$886$732$420
18 years$1,435$1,187$976$799$651$359
19 years$1,345$1,100$894$722$580$307
20 years$1,264$1,022$820$654$518$263
21 years$1,191$952$755$593$463$226
22 years$1,125$889$695$539$415$194
23 years$1,065$831$642$491$373$167
24 years$1,010$779$594$448$335$144
25 years$959$731$550$409$302$124
26 years$912$687$510$374$272$107
27 years$869$647$474$343$245$92
28 years$829$609$440$314$221$79
29 years$792$575$410$288$200$69
30 years$757$543$382$264$180$59
31 years$725$513$356$243$163$51
32 years$695$486$332$223$147$44
33 years$666$460$310$205$133$38
34 years$640$436$290$189$121$33
35 years$614$413$271$174$109$28
36 years$591$392$253$160$99$25
37 years$569$373$237$147$90$21
38 years$547$354$222$136$81$18
39 years$527$337$208$125$74$16
40 years$509$320$195$115$67$14
41 years$491$305$183$107$61$12
42 years$474$290$172$98$55$10
43 years$457$277$161$91$50$9
44 years$442$264$151$84$45$8
45 years$427$252$142$77$41$7
46 years$413$240$133$72$37$6
47 years$400$229$125$66$34$5
48 years$387$219$118$61$31$4
49 years$375$209$111$56$28$4
50 years$363$199$104$52$25$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $372,000, adding $4,713 every year, while hoping to spend $25,674 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: 41/50/9 Blend
59$372,000$372,000$372,000$372,000
60$414,805$395,089$389,323$430,518
61$429,799$387,132$375,049$434,022
62$445,461$377,924$359,436$434,876
63$461,833$367,377$342,412$435,219
64$478,959$355,398$323,902$435,016
65$496,888$341,888$303,828$434,229
66$515,671$326,741$282,107$432,818
67$535,366$309,848$258,653$430,744
68$556,033$291,090$233,378$427,964
69$577,739$270,344$206,187$424,435
70$600,556$247,478$176,982$420,111
71$624,563$222,355$145,661$414,946
72$649,845$194,827$112,117$408,892
73$676,496$164,740$76,239$401,900
74$704,616$131,930$37,912$393,918
75$734,317$96,225$0$384,895
76$765,720$57,442$0$375,066
77$798,955$15,388$0$367,992
78$834,166$0$0$359,989
79$871,512$0$0$367,597
80$911,163$0$0$384,687
81$953,307$0$0$402,879
82$998,150$0$0$422,262
83$1,045,916$0$0$442,939
84$1,096,852$0$0$465,020
85$1,151,227$0$0$488,625
86$1,209,338$0$0$513,888
87$1,271,507$0$0$540,953
88$1,338,090$0$0$569,980
89$1,409,477$0$0$601,144
90$1,486,095$0$0$634,638
91$1,568,412$0$0$670,671
92$1,656,944$0$0$709,475
93$1,752,256$0$0$751,305
94$1,854,968$0$0$796,440
95$1,965,762$0$0$845,187
96$2,085,388$0$0$897,882
97$2,214,667$0$0$954,896
98$2,354,504$0$0$1,016,637
99$2,505,894$0$0$1,083,552
100$2,669,930$0$0$1,156,133