Can I retire at age 59 with 329,000?

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 $329,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$27,169$26,927$26,690$26,460$26,235$25,769
2 years$13,450$13,199$12,957$12,721$12,493$12,024
3 years$8,877$8,626$8,384$8,151$7,926$7,470
4 years$6,592$6,341$6,101$5,872$5,653$5,213
5 years$5,221$4,971$4,735$4,510$4,297$3,875
6 years$4,307$4,059$3,826$3,607$3,400$2,996
7 years$3,654$3,409$3,180$2,965$2,765$2,379
8 years$3,165$2,922$2,697$2,488$2,294$1,926
9 years$2,785$2,544$2,323$2,119$1,932$1,582
10 years$2,481$2,243$2,025$1,827$1,646$1,313
11 years$2,233$1,997$1,783$1,590$1,416$1,100
12 years$2,026$1,792$1,582$1,394$1,227$928
13 years$1,851$1,619$1,414$1,231$1,070$787
14 years$1,701$1,472$1,270$1,093$938$670
15 years$1,571$1,345$1,147$975$826$574
16 years$1,458$1,234$1,040$873$730$492
17 years$1,358$1,136$946$784$647$424
18 years$1,269$1,050$864$707$575$365
19 years$1,189$973$791$638$513$316
20 years$1,118$904$726$578$458$273
21 years$1,054$842$667$525$410$237
22 years$995$786$615$477$367$206
23 years$942$735$568$435$330$179
24 years$893$689$525$396$296$155
25 years$848$647$486$362$267$135
26 years$807$608$451$331$240$118
27 years$769$572$419$303$217$103
28 years$733$539$389$278$195$89
29 years$700$508$362$255$177$78
30 years$670$480$338$234$159$68
31 years$641$454$315$215$144$59
32 years$614$429$294$197$130$52
33 years$589$407$274$181$118$45
34 years$566$385$256$167$107$40
35 years$543$366$240$154$97$35
36 years$523$347$224$141$88$30
37 years$503$330$210$130$79$26
38 years$484$313$196$120$72$23
39 years$467$298$184$111$65$20
40 years$450$283$172$102$59$18
41 years$434$270$162$94$54$15
42 years$419$257$152$87$49$13
43 years$405$245$142$80$44$12
44 years$391$233$134$74$40$10
45 years$378$222$125$68$36$9
46 years$366$212$118$63$33$8
47 years$354$203$111$58$30$7
48 years$342$193$104$54$27$6
49 years$332$185$98$50$25$5
50 years$321$176$92$46$23$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $329,000, adding $2,620 every year, while hoping to spend $21,199 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: 61/16/23 Blend
58$329,000$329,000$329,000$329,000
59$365,261$347,824$342,724$385,171
60$379,962$342,311$331,650$393,460
61$395,452$335,818$319,494$399,949
62$411,789$328,275$306,198$406,561
63$429,036$319,605$291,701$413,313
64$447,263$309,731$275,938$420,222
65$466,545$298,569$258,843$427,309
66$486,964$286,030$240,345$434,598
67$508,610$272,021$220,372$442,116
68$531,580$256,443$198,848$449,895
69$555,984$239,191$175,691$457,971
70$581,937$220,154$150,820$466,383
71$609,569$199,215$124,146$475,178
72$639,019$176,251$95,580$484,408
73$670,443$151,132$65,025$494,133
74$704,008$123,717$32,384$504,419
75$739,901$93,863$0$515,341
76$778,323$61,415$0$527,587
77$819,497$26,209$0$549,169
78$863,668$0$0$572,269
79$911,102$0$0$599,133
80$962,093$0$0$632,991
81$1,016,964$0$0$669,443
82$1,076,070$0$0$708,728
83$1,139,798$0$0$751,107
84$1,208,577$0$0$796,867
85$1,282,876$0$0$846,321
86$1,363,210$0$0$899,818
87$1,450,148$0$0$957,738
88$1,544,311$0$0$1,020,498
89$1,646,386$0$0$1,088,560
90$1,757,126$0$0$1,162,429
91$1,877,360$0$0$1,242,662
92$2,007,999$0$0$1,329,871
93$2,150,047$0$0$1,424,731
94$2,304,607$0$0$1,527,980
95$2,472,892$0$0$1,640,437
96$2,656,238$0$0$1,762,996
97$2,856,116$0$0$1,896,647
98$3,074,143$0$0$2,042,475
99$3,312,100$0$0$2,201,678
100$3,571,947$0$0$2,375,572