Can I retire at age 60 with 387,000?

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 $387,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$31,958$31,673$31,396$31,125$30,860$30,399
2 years$15,821$15,526$15,241$14,964$14,695$14,232
3 years$10,442$10,147$9,862$9,587$9,323$8,872
4 years$7,754$7,459$7,177$6,907$6,649$6,213
5 years$6,141$5,848$5,569$5,305$5,055$4,635
6 years$5,066$4,775$4,501$4,243$4,000$3,598
7 years$4,299$4,010$3,740$3,488$3,253$2,868
8 years$3,723$3,437$3,172$2,926$2,699$2,331
9 years$3,276$2,993$2,732$2,492$2,273$1,922
10 years$2,919$2,638$2,382$2,149$1,936$1,603
11 years$2,626$2,349$2,097$1,870$1,665$1,348
12 years$2,383$2,108$1,861$1,640$1,443$1,142
13 years$2,177$1,905$1,663$1,448$1,258$973
14 years$2,001$1,732$1,494$1,285$1,103$833
15 years$1,848$1,582$1,349$1,146$971$716
16 years$1,715$1,451$1,223$1,026$858$618
17 years$1,597$1,337$1,113$922$761$534
18 years$1,493$1,235$1,016$831$677$463
19 years$1,399$1,145$930$751$603$402
20 years$1,315$1,064$853$680$539$350
21 years$1,239$991$785$617$482$305
22 years$1,171$925$724$561$432$266
23 years$1,108$865$668$511$388$233
24 years$1,050$810$618$466$349$203
25 years$998$761$572$426$314$178
26 years$949$715$531$389$283$156
27 years$904$673$493$356$255$137
28 years$863$634$458$326$230$120
29 years$824$598$426$299$208$105
30 years$788$565$397$275$188$92
31 years$754$534$370$252$170$81
32 years$723$505$345$232$153$71
33 years$693$478$323$213$139$62
34 years$665$453$301$196$126$55
35 years$639$430$282$181$114$48
36 years$615$408$264$166$103$42
37 years$591$388$247$153$94$37
38 years$570$368$231$141$85$33
39 years$549$350$216$130$77$29
40 years$529$333$203$120$70$25
41 years$510$317$190$111$63$22
42 years$493$302$178$102$57$20
43 years$476$288$167$94$52$17
44 years$460$274$157$87$47$15
45 years$445$262$148$81$43$13
46 years$430$250$139$74$39$12
47 years$416$238$130$69$35$10
48 years$403$227$122$64$32$9
49 years$390$217$115$59$29$8
50 years$378$207$108$54$27$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $387,000, adding $3,535 every year, while hoping to spend $32,734 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: 40/50/10 Blend
59$387,000$387,000$387,000$387,000
60$430,120$409,609$403,611$445,900
61$439,164$394,851$382,303$442,585
62$448,033$378,273$359,184$435,485
63$456,675$359,751$334,160$427,071
64$465,031$339,154$307,129$417,238
65$473,035$316,344$277,989$405,873
66$480,614$291,174$246,631$392,857
67$487,684$263,489$212,941$378,059
68$494,154$233,127$176,801$361,341
69$499,922$199,913$138,087$342,556
70$504,871$163,667$96,670$321,542
71$508,875$124,193$52,416$298,129
72$511,791$81,290$5,183$272,133
73$513,461$34,741$0$243,355
74$513,710$0$0$216,410
75$512,343$0$0$195,775
76$509,142$0$0$193,417
77$503,868$0$0$190,115
78$496,254$0$0$185,751
79$486,005$0$0$180,194
80$472,793$0$0$173,298
81$456,256$0$0$164,902
82$435,991$0$0$154,829
83$411,556$0$0$142,881
84$382,458$0$0$128,841
85$348,152$0$0$112,467
86$308,038$0$0$93,493
87$261,450$0$0$71,625
88$207,653$0$0$46,538
89$145,834$0$0$17,870
90$75,095$0$0$0
91$0$0$0$0
92$0$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