Can I retire at age 59 with 264,000?

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 $264,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$21,801$21,607$21,417$21,232$21,052$20,273
2 years$10,793$10,592$10,397$10,208$10,025$9,248
3 years$7,124$6,922$6,727$6,540$6,360$5,611
4 years$5,289$5,088$4,896$4,712$4,536$3,820
5 years$4,189$3,989$3,799$3,619$3,448$2,767
6 years$3,456$3,257$3,070$2,894$2,728$2,083
7 years$2,932$2,736$2,552$2,380$2,219$1,609
8 years$2,540$2,345$2,164$1,996$1,841$1,265
9 years$2,235$2,042$1,864$1,700$1,550$1,009
10 years$1,991$1,800$1,625$1,466$1,321$812
11 years$1,792$1,602$1,431$1,276$1,136$659
12 years$1,625$1,438$1,270$1,119$984$538
13 years$1,485$1,300$1,134$988$858$442
14 years$1,365$1,181$1,019$877$753$364
15 years$1,261$1,079$920$782$663$301
16 years$1,170$990$834$700$586$249
17 years$1,089$912$759$629$519$207
18 years$1,018$843$693$567$462$172
19 years$954$781$634$512$411$143
20 years$897$726$582$464$368$120
21 years$846$676$536$421$329$100
22 years$799$631$494$383$295$83
23 years$756$590$456$349$265$70
24 years$717$553$421$318$238$58
25 years$681$519$390$290$214$49
26 years$647$488$362$266$193$41
27 years$617$459$336$243$174$34
28 years$588$432$313$223$157$29
29 years$562$408$291$204$142$24
30 years$537$385$271$187$128$20
31 years$514$364$253$172$116$17
32 years$493$345$236$158$105$14
33 years$473$326$220$145$95$12
34 years$454$309$206$134$86$10
35 years$436$293$192$123$78$8
36 years$419$278$180$113$70$7
37 years$403$264$168$105$64$6
38 years$389$251$158$96$58$5
39 years$374$239$148$89$52$4
40 years$361$227$138$82$48$3
41 years$348$216$130$76$43$3
42 years$336$206$122$70$39$2
43 years$325$196$114$64$36$2
44 years$314$187$107$59$32$2
45 years$303$179$101$55$29$1
46 years$293$170$95$51$27$1
47 years$284$163$89$47$24$1
48 years$275$155$83$43$22$1
49 years$266$148$78$40$20$1
50 years$258$142$74$37$18$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $264,000, adding $3,901 every year, while hoping to spend $21,489 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: 48/31/21 Blend
58$264,000$264,000$264,000$264,000
59$294,952$280,960$276,868$307,187
60$302,173$271,863$263,279$307,013
61$309,410$261,600$248,514$304,350
62$316,643$250,091$232,512$301,013
63$323,847$237,252$215,208$296,948
64$330,995$222,993$196,533$292,095
65$338,057$207,220$176,418$286,394
66$344,999$189,834$154,787$279,777
67$351,781$170,728$131,565$272,173
68$358,359$149,791$106,670$263,505
69$364,686$126,905$80,017$253,691
70$370,706$101,945$51,520$242,641
71$376,358$74,780$21,086$230,262
72$381,574$45,271$0$216,451
73$386,276$13,272$0$203,650
74$390,381$0$0$194,397
75$393,792$0$0$191,151
76$396,404$0$0$191,992
77$398,100$0$0$192,332
78$398,748$0$0$192,100
79$398,204$0$0$191,220
80$396,306$0$0$189,604
81$392,876$0$0$187,159
82$387,714$0$0$183,777
83$380,600$0$0$179,343
84$371,291$0$0$173,727
85$359,517$0$0$166,785
86$344,978$0$0$158,357
87$327,342$0$0$148,269
88$306,244$0$0$136,325
89$281,278$0$0$122,311
90$251,994$0$0$105,987
91$217,898$0$0$87,091
92$178,440$0$0$65,332
93$133,014$0$0$40,388
94$80,950$0$0$11,905
95$21,509$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