Can I retire at age 60 with 380,000?

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 $380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$31,380$31,101$30,828$30,562$30,302$29,898
2 years$15,535$15,245$14,965$14,693$14,429$14,024
3 years$10,254$9,963$9,683$9,414$9,155$8,759
4 years$7,614$7,324$7,047$6,782$6,529$6,147
5 years$6,030$5,742$5,469$5,209$4,963$4,595
6 years$4,975$4,689$4,420$4,166$3,927$3,574
7 years$4,221$3,938$3,673$3,425$3,194$2,856
8 years$3,656$3,375$3,115$2,873$2,650$2,327
9 years$3,217$2,939$2,683$2,447$2,231$1,923
10 years$2,866$2,590$2,339$2,110$1,901$1,607
11 years$2,579$2,306$2,059$1,836$1,635$1,356
12 years$2,340$2,070$1,827$1,610$1,417$1,151
13 years$2,138$1,871$1,633$1,422$1,236$984
14 years$1,964$1,700$1,467$1,262$1,083$844
15 years$1,815$1,553$1,324$1,126$954$728
16 years$1,684$1,425$1,201$1,008$843$629
17 years$1,568$1,312$1,093$906$747$546
18 years$1,466$1,213$997$816$665$475
19 years$1,374$1,124$913$737$592$413
20 years$1,291$1,044$838$668$529$361
21 years$1,217$973$771$606$473$315
22 years$1,149$908$710$551$424$276
23 years$1,088$849$656$502$381$242
24 years$1,031$796$607$458$342$212
25 years$980$747$562$418$308$186
26 years$932$702$521$382$278$164
27 years$888$661$484$350$250$144
28 years$847$622$450$321$226$127
29 years$809$587$419$294$204$111
30 years$774$555$390$270$184$98
31 years$740$524$364$248$167$86
32 years$710$496$339$228$151$76
33 years$681$470$317$209$136$67
34 years$653$445$296$193$123$59
35 years$628$422$277$177$112$52
36 years$604$401$259$163$101$46
37 years$581$381$242$150$92$41
38 years$559$362$227$139$83$36
39 years$539$344$213$128$75$32
40 years$520$327$199$118$68$28
41 years$501$312$187$109$62$25
42 years$484$297$175$100$56$22
43 years$467$283$164$93$51$19
44 years$451$269$154$86$46$17
45 years$436$257$145$79$42$15
46 years$422$245$136$73$38$13
47 years$409$234$128$67$35$12
48 years$395$223$120$62$32$10
49 years$383$213$113$58$29$9
50 years$371$204$106$53$26$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $380,000, adding $2,386 every year, while hoping to spend $31,580 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: 25/46/29 Blend
59$380,000$380,000$380,000$380,000
60$421,221$401,081$395,191$427,887
61$430,585$387,133$374,829$419,716
62$439,845$371,443$352,727$408,133
63$448,958$353,893$328,792$395,064
64$457,875$334,357$302,929$380,407
65$466,539$312,701$275,039$364,053
66$474,889$288,787$245,015$345,884
67$482,855$262,464$212,750$325,778
68$490,358$233,577$178,129$303,603
69$497,312$201,959$141,034$279,220
70$503,618$167,436$101,339$252,479
71$509,168$129,821$58,915$223,224
72$513,841$88,920$13,627$191,285
73$517,502$44,527$0$156,483
74$520,001$0$0$129,367
75$521,171$0$0$106,002
76$520,826$0$0$104,724
77$518,760$0$0$102,934
78$514,746$0$0$100,568
79$508,528$0$0$97,556
80$499,827$0$0$93,819
81$488,330$0$0$89,269
82$473,693$0$0$83,810
83$455,532$0$0$77,336
84$433,425$0$0$69,729
85$406,903$0$0$60,857
86$375,447$0$0$50,577
87$338,485$0$0$38,729
88$295,383$0$0$25,136
89$245,438$0$0$9,605
90$187,877$0$0$0
91$121,843$0$0$0
92$46,389$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