Can I retire at age 60 with 384,000?

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 $384,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$31,710$31,428$31,152$30,883$30,621$29,796
2 years$15,698$15,406$15,122$14,848$14,581$13,756
3 years$10,362$10,068$9,785$9,513$9,251$8,451
4 years$7,694$7,401$7,121$6,854$6,598$5,830
5 years$6,093$5,802$5,526$5,264$5,016$4,282
6 years$5,027$4,738$4,466$4,210$3,969$3,269
7 years$4,265$3,979$3,711$3,461$3,228$2,563
8 years$3,695$3,411$3,148$2,903$2,678$2,047
9 years$3,251$2,970$2,711$2,473$2,255$1,658
10 years$2,896$2,618$2,363$2,132$1,921$1,357
11 years$2,606$2,330$2,081$1,855$1,652$1,120
12 years$2,364$2,092$1,847$1,627$1,432$931
13 years$2,160$1,890$1,650$1,437$1,249$777
14 years$1,985$1,718$1,482$1,275$1,095$652
15 years$1,834$1,570$1,338$1,137$964$549
16 years$1,701$1,440$1,213$1,018$852$463
17 years$1,585$1,326$1,104$915$755$392
18 years$1,481$1,225$1,008$825$672$333
19 years$1,388$1,136$923$745$599$283
20 years$1,305$1,055$847$675$535$240
21 years$1,230$983$779$612$478$205
22 years$1,162$918$718$557$429$175
23 years$1,099$858$663$507$385$149
24 years$1,042$804$613$463$346$127
25 years$990$755$568$422$311$109
26 years$942$709$527$386$280$93
27 years$897$667$489$354$253$79
28 years$856$629$455$324$228$68
29 years$817$593$423$297$206$58
30 years$782$560$394$273$186$50
31 years$748$530$367$250$168$43
32 years$717$501$343$230$152$37
33 years$688$475$320$212$138$31
34 years$660$450$299$195$125$27
35 years$634$427$280$179$113$23
36 years$610$405$262$165$102$20
37 years$587$385$245$152$93$17
38 years$565$366$229$140$84$14
39 years$545$348$215$129$76$12
40 years$525$331$201$119$69$11
41 years$506$315$189$110$63$9
42 years$489$300$177$102$57$8
43 years$472$286$166$94$52$7
44 years$456$272$156$87$47$6
45 years$441$260$146$80$43$5
46 years$427$248$138$74$39$4
47 years$413$236$129$68$35$4
48 years$400$226$121$63$32$3
49 years$387$216$114$58$29$3
50 years$375$206$107$54$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $384,000, adding $4,551 every year, while hoping to spend $28,772 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: 47/46/7 Blend
59$384,000$384,000$384,000$384,000
60$427,862$407,510$401,558$446,956
61$440,891$396,865$384,397$449,897
62$454,285$384,734$365,697$449,698
63$468,049$371,014$345,376$448,809
64$482,192$355,595$323,348$447,175
65$496,719$338,363$299,523$444,737
66$511,636$319,194$273,809$441,433
67$526,949$297,961$246,107$437,196
68$542,662$274,525$216,316$431,955
69$558,779$248,743$184,329$425,635
70$575,305$220,461$150,034$418,156
71$592,242$189,519$113,315$409,434
72$609,591$155,746$74,052$399,378
73$627,353$118,962$32,117$387,893
74$645,528$78,976$0$374,877
75$664,113$35,587$0$361,166
76$683,106$0$0$348,323
77$702,500$0$0$339,614
78$722,289$0$0$349,100
79$742,462$0$0$358,761
80$763,008$0$0$368,590
81$783,911$0$0$378,578
82$805,153$0$0$388,716
83$826,713$0$0$398,991
84$848,563$0$0$409,388
85$870,674$0$0$419,892
86$893,011$0$0$430,483
87$915,532$0$0$441,138
88$938,191$0$0$451,832
89$960,933$0$0$462,537
90$983,696$0$0$473,220
91$1,006,411$0$0$483,842
92$1,028,998$0$0$494,362
93$1,051,366$0$0$504,732
94$1,073,414$0$0$514,897
95$1,095,028$0$0$524,798
96$1,116,079$0$0$534,367
97$1,136,421$0$0$543,526
98$1,155,893$0$0$552,192
99$1,174,314$0$0$560,268
100$1,191,479$0$0$567,648