Can I retire at age 60 with 392,000?

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 $392,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$32,371$32,083$31,801$31,527$31,259$30,830
2 years$16,025$15,727$15,438$15,157$14,885$14,454
3 years$10,577$10,278$9,989$9,711$9,444$9,023
4 years$7,854$7,555$7,270$6,996$6,735$6,329
5 years$6,220$5,923$5,641$5,374$5,120$4,729
6 years$5,132$4,837$4,559$4,298$4,051$3,676
7 years$4,354$4,062$3,789$3,533$3,295$2,936
8 years$3,772$3,482$3,213$2,964$2,733$2,390
9 years$3,319$3,032$2,767$2,525$2,302$1,975
10 years$2,956$2,672$2,413$2,176$1,961$1,650
11 years$2,660$2,379$2,124$1,894$1,687$1,390
12 years$2,414$2,135$1,885$1,661$1,462$1,180
13 years$2,205$1,930$1,684$1,467$1,275$1,008
14 years$2,026$1,754$1,513$1,302$1,117$864
15 years$1,872$1,602$1,366$1,161$984$744
16 years$1,737$1,470$1,239$1,040$870$643
17 years$1,618$1,354$1,127$934$771$558
18 years$1,512$1,251$1,029$842$686$484
19 years$1,417$1,159$942$761$611$422
20 years$1,332$1,077$865$689$546$368
21 years$1,256$1,004$795$625$488$321
22 years$1,186$937$733$568$438$281
23 years$1,122$876$677$518$393$246
24 years$1,064$821$626$472$353$216
25 years$1,011$770$580$431$318$189
26 years$961$724$538$394$286$166
27 years$916$681$499$361$258$146
28 years$874$642$464$331$233$128
29 years$834$606$432$303$210$113
30 years$798$572$402$278$190$99
31 years$764$541$375$256$172$87
32 years$732$512$350$235$155$77
33 years$702$485$327$216$141$68
34 years$674$459$305$199$127$60
35 years$647$436$285$183$115$53
36 years$623$413$267$169$104$46
37 years$599$393$250$155$95$41
38 years$577$373$234$143$86$36
39 years$556$355$219$132$78$32
40 years$536$338$205$122$71$28
41 years$517$321$193$112$64$25
42 years$499$306$181$104$58$22
43 years$482$292$170$96$53$19
44 years$466$278$159$88$48$17
45 years$450$265$149$82$43$15
46 years$436$253$140$75$39$13
47 years$421$241$132$70$36$12
48 years$408$230$124$64$33$10
49 years$395$220$117$59$30$9
50 years$383$210$110$55$27$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $392,000, adding $3,773 every year, while hoping to spend $22,059 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: 76/5/19 Blend
59$392,000$392,000$392,000$392,000
60$435,876$415,100$409,024$466,809
61$456,865$411,969$399,256$484,667
62$479,255$407,946$388,421$501,145
63$503,166$402,962$376,460$518,627
64$528,730$396,948$363,312$537,208
65$556,090$389,828$348,913$556,991
66$585,404$381,522$333,194$578,092
67$616,844$371,946$316,085$600,636
68$650,600$361,010$297,512$624,765
69$686,882$348,619$277,399$650,631
70$725,916$334,674$255,664$678,405
71$767,955$319,068$232,224$708,276
72$813,273$301,690$206,991$740,452
73$862,174$282,420$179,872$775,161
74$914,990$261,132$150,772$812,658
75$972,087$237,696$119,591$853,221
76$1,033,866$211,970$86,224$897,159
77$1,100,770$183,805$50,561$944,814
78$1,173,283$153,047$12,490$996,561
79$1,251,941$119,528$0$1,052,816
80$1,337,329$83,076$0$1,119,742
81$1,430,094$43,504$0$1,195,212
82$1,530,946$618$0$1,277,277
83$1,640,668$0$0$1,366,581
84$1,760,118$0$0$1,466,351
85$1,890,243$0$0$1,575,089
86$2,032,085$0$0$1,693,631
87$2,186,789$0$0$1,822,938
88$2,355,618$0$0$1,964,066
89$2,539,958$0$0$2,118,178
90$2,741,340$0$0$2,286,553
91$2,961,445$0$0$2,470,600
92$3,202,126$0$0$2,671,871
93$3,465,423$0$0$2,892,073
94$3,753,582$0$0$3,133,088
95$4,069,076$0$0$3,396,986
96$4,414,627$0$0$3,686,047
97$4,793,236$0$0$4,002,784
98$5,208,205$0$0$4,349,962
99$5,663,172$0$0$4,730,627
100$6,162,143$0$0$5,148,135