Can I retire at age 60 with 379,000?

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 $379,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$31,297$31,019$30,747$30,481$30,222$29,103
2 years$15,494$15,205$14,926$14,654$14,391$13,277
3 years$10,227$9,937$9,658$9,389$9,131$8,055
4 years$7,594$7,305$7,028$6,764$6,512$5,484
5 years$6,014$5,727$5,454$5,196$4,950$3,973
6 years$4,961$4,676$4,408$4,155$3,917$2,991
7 years$4,210$3,927$3,663$3,416$3,186$2,310
8 years$3,646$3,366$3,107$2,866$2,643$1,817
9 years$3,208$2,931$2,676$2,441$2,226$1,448
10 years$2,858$2,584$2,333$2,104$1,896$1,166
11 years$2,572$2,300$2,054$1,831$1,631$947
12 years$2,334$2,064$1,823$1,606$1,413$773
13 years$2,132$1,866$1,628$1,418$1,232$634
14 years$1,959$1,696$1,463$1,259$1,080$523
15 years$1,810$1,549$1,321$1,123$951$432
16 years$1,679$1,421$1,198$1,005$841$358
17 years$1,564$1,309$1,090$903$745$297
18 years$1,462$1,210$995$814$663$247
19 years$1,370$1,121$911$735$591$206
20 years$1,288$1,042$836$666$528$172
21 years$1,214$970$769$605$472$143
22 years$1,146$906$709$550$423$120
23 years$1,085$847$654$501$380$100
24 years$1,029$794$605$457$342$84
25 years$977$745$560$417$307$70
26 years$930$700$520$381$277$59
27 years$886$659$483$349$250$49
28 years$845$621$449$320$225$41
29 years$807$586$418$293$203$35
30 years$771$553$389$269$184$29
31 years$739$523$363$247$166$24
32 years$708$495$338$227$150$20
33 years$679$468$316$209$136$17
34 years$652$444$295$192$123$14
35 years$626$421$276$177$112$12
36 years$602$400$258$163$101$10
37 years$579$380$242$150$92$8
38 years$558$361$226$138$83$7
39 years$537$343$212$128$75$6
40 years$518$326$199$118$68$5
41 years$500$311$186$109$62$4
42 years$483$296$175$100$56$3
43 years$466$282$164$92$51$3
44 years$450$269$154$85$46$2
45 years$435$256$145$79$42$2
46 years$421$244$136$73$38$2
47 years$407$233$128$67$35$1
48 years$394$223$120$62$31$1
49 years$382$213$113$57$29$1
50 years$370$203$106$53$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $379,000, adding $2,020 every year, while hoping to spend $27,295 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: 83/8/9 Blend
59$379,000$379,000$379,000$379,000
60$419,742$399,655$393,780$453,897
61$433,514$390,196$377,930$467,076
62$447,776$379,359$360,634$477,686
63$462,549$367,048$341,815$488,502
64$477,855$353,160$321,393$499,526
65$493,719$337,587$299,282$510,764
66$510,165$320,216$275,395$522,222
67$527,220$300,925$249,639$533,905
68$544,914$279,587$221,919$545,820
69$563,275$256,067$192,133$557,974
70$582,336$230,221$160,177$570,375
71$602,133$201,901$125,941$583,032
72$622,702$170,945$89,311$595,955
73$644,081$137,185$50,167$609,154
74$666,314$100,444$8,385$622,641
75$689,446$60,533$0$636,431
76$713,525$17,255$0$654,015
77$738,603$0$0$673,019
78$764,737$0$0$695,275
79$791,987$0$0$720,067
80$820,417$0$0$745,935
81$850,098$0$0$772,942
82$881,105$0$0$801,158
83$913,521$0$0$830,657
84$947,433$0$0$861,521
85$982,937$0$0$893,836
86$1,020,136$0$0$927,697
87$1,059,144$0$0$963,206
88$1,100,082$0$0$1,000,475
89$1,143,082$0$0$1,039,625
90$1,188,287$0$0$1,080,787
91$1,235,855$0$0$1,124,103
92$1,285,955$0$0$1,169,730
93$1,338,773$0$0$1,217,836
94$1,394,510$0$0$1,268,606
95$1,453,387$0$0$1,322,241
96$1,515,643$0$0$1,378,960
97$1,581,541$0$0$1,439,003
98$1,651,366$0$0$1,502,630
99$1,725,431$0$0$1,570,129
100$1,804,078$0$0$1,641,811