Can I retire at age 59 with 263,000?

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 $263,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$21,718$21,525$21,336$21,152$20,972$20,676
2 years$10,752$10,551$10,357$10,169$9,987$9,689
3 years$7,097$6,895$6,702$6,515$6,336$6,046
4 years$5,269$5,069$4,877$4,694$4,519$4,238
5 years$4,173$3,974$3,785$3,605$3,435$3,165
6 years$3,443$3,245$3,059$2,883$2,718$2,459
7 years$2,921$2,725$2,542$2,371$2,211$1,963
8 years$2,530$2,336$2,156$1,989$1,834$1,597
9 years$2,226$2,034$1,857$1,694$1,544$1,319
10 years$1,983$1,793$1,619$1,460$1,316$1,101
11 years$1,785$1,596$1,425$1,271$1,132$927
12 years$1,619$1,433$1,265$1,115$981$787
13 years$1,479$1,295$1,130$984$855$671
14 years$1,360$1,177$1,015$874$750$575
15 years$1,256$1,075$917$779$660$495
16 years$1,165$986$831$698$583$428
17 years$1,085$908$756$627$517$370
18 years$1,014$839$690$565$460$322
19 years$951$778$632$510$410$280
20 years$894$723$580$462$366$244
21 years$842$673$533$419$328$213
22 years$796$628$492$381$294$186
23 years$753$588$454$347$264$163
24 years$714$551$420$317$237$142
25 years$678$517$389$289$213$125
26 years$645$486$361$265$192$110
27 years$614$457$335$242$173$96
28 years$586$431$311$222$156$84
29 years$560$406$290$203$141$74
30 years$535$384$270$187$127$65
31 years$512$363$252$171$115$57
32 years$491$343$235$158$104$50
33 years$471$325$219$145$94$44
34 years$452$308$205$133$85$39
35 years$434$292$191$123$77$34
36 years$418$277$179$113$70$30
37 years$402$263$168$104$64$27
38 years$387$250$157$96$58$23
39 years$373$238$147$89$52$21
40 years$360$227$138$82$47$18
41 years$347$216$129$75$43$16
42 years$335$205$121$70$39$14
43 years$323$196$114$64$35$12
44 years$312$187$107$59$32$11
45 years$302$178$100$55$29$10
46 years$292$170$94$51$26$9
47 years$283$162$88$47$24$8
48 years$274$155$83$43$22$7
49 years$265$148$78$40$20$6
50 years$257$141$73$37$18$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $263,000, adding $2,388 every year, while hoping to spend $20,329 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: 68/10/22 Blend
58$263,000$263,000$263,000$263,000
59$292,289$278,350$274,274$310,389
60$300,473$270,359$261,832$314,821
61$308,810$261,296$248,292$317,095
62$317,294$251,085$233,596$319,098
63$325,919$239,650$217,682$320,802
64$334,676$226,906$200,488$322,179
65$343,555$212,766$181,946$323,197
66$352,544$197,138$161,988$323,820
67$361,629$179,923$140,540$324,013
68$370,795$161,018$117,527$323,734
69$380,021$140,314$92,870$322,942
70$389,289$117,694$66,486$321,588
71$398,572$93,037$38,289$319,623
72$407,844$66,214$8,190$316,992
73$417,073$37,088$0$313,635
74$426,224$5,514$0$315,108
75$435,257$0$0$318,138
76$444,126$0$0$323,906
77$452,780$0$0$330,110
78$461,163$0$0$336,103
79$469,210$0$0$341,834
80$476,850$0$0$347,252
81$484,002$0$0$352,293
82$490,577$0$0$356,893
83$496,474$0$0$360,974
84$501,582$0$0$364,454
85$505,778$0$0$367,238
86$508,921$0$0$369,223
87$510,860$0$0$370,293
88$511,422$0$0$370,319
89$510,417$0$0$369,160
90$507,635$0$0$366,655
91$502,842$0$0$362,631
92$495,778$0$0$356,891
93$486,156$0$0$349,219
94$473,655$0$0$339,377
95$457,924$0$0$327,098
96$438,571$0$0$312,090
97$415,163$0$0$294,028
98$387,221$0$0$272,551
99$354,215$0$0$247,263
100$315,559$0$0$217,722