Can I retire at age 59 with 276,000?

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 $276,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$22,792$22,589$22,391$22,197$22,009$21,761
2 years$11,283$11,073$10,869$10,672$10,480$10,231
3 years$7,447$7,236$7,033$6,838$6,649$6,406
4 years$5,530$5,319$5,118$4,926$4,742$4,507
5 years$4,380$4,171$3,972$3,784$3,605$3,378
6 years$3,613$3,406$3,210$3,026$2,852$2,634
7 years$3,066$2,860$2,668$2,488$2,320$2,111
8 years$2,655$2,452$2,262$2,087$1,925$1,725
9 years$2,337$2,134$1,948$1,778$1,621$1,430
10 years$2,081$1,881$1,699$1,532$1,381$1,199
11 years$1,873$1,675$1,496$1,334$1,188$1,014
12 years$1,699$1,503$1,327$1,170$1,029$864
13 years$1,553$1,359$1,186$1,033$897$741
14 years$1,427$1,235$1,065$917$787$638
15 years$1,318$1,128$962$818$693$552
16 years$1,223$1,035$872$732$612$479
17 years$1,139$953$794$658$543$417
18 years$1,064$881$724$593$483$364
19 years$998$816$663$536$430$318
20 years$938$759$609$485$384$278
21 years$884$707$560$440$344$244
22 years$835$660$516$400$308$215
23 years$790$617$476$365$277$189
24 years$749$578$441$332$249$166
25 years$712$542$408$304$224$146
26 years$677$510$379$278$202$129
27 years$645$480$351$254$182$114
28 years$615$452$327$233$164$101
29 years$588$426$304$214$148$89
30 years$562$403$283$196$134$79
31 years$538$381$264$180$121$70
32 years$515$360$246$165$109$62
33 years$494$341$230$152$99$55
34 years$474$323$215$140$90$48
35 years$456$307$201$129$81$43
36 years$438$291$188$119$74$38
37 years$422$276$176$109$67$34
38 years$406$263$165$101$60$30
39 years$391$250$154$93$55$26
40 years$377$238$145$86$50$23
41 years$364$226$136$79$45$21
42 years$351$216$127$73$41$18
43 years$339$205$119$67$37$16
44 years$328$196$112$62$34$14
45 years$317$187$105$57$31$13
46 years$307$178$99$53$28$11
47 years$297$170$93$49$25$10
48 years$287$162$87$45$23$9
49 years$278$155$82$42$21$8
50 years$269$148$77$39$19$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $276,000, adding $3,268 every year, while hoping to spend $21,467 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: 59/27/14 Blend
58$276,000$276,000$276,000$276,000
59$307,523$292,895$288,617$324,399
60$316,050$284,406$275,445$327,679
61$324,726$274,782$261,112$328,577
62$333,546$263,944$245,557$329,049
63$342,500$251,809$228,715$329,057
64$351,577$238,290$210,520$328,559
65$360,766$223,294$190,900$327,511
66$370,052$206,724$169,783$325,866
67$379,419$188,474$147,092$323,571
68$388,847$168,437$122,747$320,573
69$398,314$146,495$96,664$316,812
70$407,796$122,528$68,756$312,225
71$417,265$96,404$38,932$306,744
72$426,686$67,989$7,098$300,295
73$436,025$37,138$0$292,799
74$445,240$3,698$0$288,186
75$454,284$0$0$283,742
76$463,105$0$0$287,978
77$471,644$0$0$293,116
78$479,835$0$0$298,015
79$487,604$0$0$302,627
80$494,869$0$0$306,896
81$501,536$0$0$310,763
82$507,504$0$0$314,161
83$512,657$0$0$317,013
84$516,867$0$0$319,237
85$519,992$0$0$320,739
86$521,874$0$0$321,416
87$522,336$0$0$321,153
88$521,183$0$0$319,821
89$518,197$0$0$317,281
90$513,139$0$0$313,373
91$505,741$0$0$307,925
92$495,706$0$0$300,742
93$482,706$0$0$291,611
94$466,378$0$0$280,294
95$446,320$0$0$266,530
96$422,085$0$0$250,028
97$393,181$0$0$230,467
98$359,062$0$0$207,490
99$319,125$0$0$180,706
100$272,703$0$0$149,680