Can I retire at age 59 with 328,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $328,000?

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$27,086$26,845$26,609$26,380$26,155$25,796
2 years$13,409$13,159$12,917$12,682$12,455$12,094
3 years$8,850$8,600$8,358$8,126$7,902$7,550
4 years$6,572$6,322$6,083$5,854$5,636$5,296
5 years$5,205$4,956$4,720$4,497$4,284$3,957
6 years$4,294$4,047$3,815$3,596$3,390$3,076
7 years$3,643$3,399$3,170$2,956$2,757$2,456
8 years$3,156$2,913$2,688$2,480$2,287$2,000
9 years$2,777$2,537$2,316$2,112$1,926$1,652
10 years$2,474$2,236$2,019$1,821$1,641$1,380
11 years$2,226$1,991$1,777$1,585$1,411$1,163
12 years$2,020$1,787$1,577$1,390$1,223$987
13 years$1,845$1,615$1,409$1,227$1,067$843
14 years$1,696$1,468$1,266$1,089$935$723
15 years$1,566$1,341$1,143$972$823$623
16 years$1,453$1,230$1,036$870$728$538
17 years$1,353$1,133$943$782$645$467
18 years$1,265$1,047$861$704$574$405
19 years$1,186$970$788$636$511$353
20 years$1,115$901$723$576$457$308
21 years$1,051$840$665$523$409$269
22 years$992$784$613$476$366$235
23 years$939$733$566$433$329$206
24 years$890$687$524$395$296$180
25 years$846$645$485$361$266$158
26 years$804$606$450$330$240$139
27 years$766$570$418$302$216$122
28 years$731$537$388$277$195$107
29 years$698$507$361$254$176$94
30 years$668$479$337$233$159$83
31 years$639$452$314$214$144$73
32 years$612$428$293$197$130$64
33 years$587$405$273$181$118$57
34 years$564$384$255$166$107$50
35 years$542$364$239$153$97$44
36 years$521$346$223$141$87$39
37 years$501$329$209$130$79$34
38 years$483$312$196$120$72$30
39 years$465$297$183$110$65$27
40 years$448$282$172$102$59$23
41 years$433$269$161$94$54$21
42 years$418$256$151$87$49$18
43 years$403$244$142$80$44$16
44 years$390$233$133$74$40$14
45 years$377$222$125$68$36$12
46 years$364$212$117$63$33$11
47 years$353$202$110$58$30$10
48 years$341$193$104$54$27$9
49 years$331$184$97$50$25$8
50 years$320$176$92$46$22$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $328,000, adding $6,199 every year, while hoping to spend $26,303 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: 69/15/16 Blend
58$328,000$328,000$328,000$328,000
59$367,850$350,466$345,382$391,433
60$377,385$339,653$328,966$397,124
61$387,010$327,428$311,119$399,641
62$396,708$313,695$291,764$401,729
63$406,457$298,351$270,823$403,343
64$416,234$281,288$248,213$404,433
65$426,009$262,390$223,848$404,947
66$435,752$241,537$197,637$404,825
67$445,426$218,601$169,486$404,005
68$454,993$193,445$139,296$402,420
69$464,405$165,927$106,966$399,995
70$473,612$135,895$72,387$396,649
71$482,556$103,189$35,447$392,295
72$491,172$67,641$0$386,838
73$499,388$29,071$0$380,853
74$507,122$0$0$380,052
75$514,285$0$0$380,374
76$520,774$0$0$384,972
77$526,478$0$0$388,962
78$531,270$0$0$392,247
79$535,009$0$0$394,722
80$537,541$0$0$396,266
81$538,692$0$0$396,749
82$538,270$0$0$396,022
83$536,060$0$0$393,924
84$531,826$0$0$390,273
85$525,305$0$0$384,870
86$516,203$0$0$377,491
87$504,200$0$0$367,890
88$488,935$0$0$355,795
89$470,012$0$0$340,903
90$446,992$0$0$322,880
91$419,389$0$0$301,355
92$386,664$0$0$275,920
93$348,223$0$0$246,120
94$303,409$0$0$211,456
95$251,492$0$0$171,374
96$191,670$0$0$125,261
97$123,053$0$0$72,441
98$44,661$0$0$12,167
99$0$0$0$0
100$0$0$0$0