Can I retire at age 59 with 331,000?

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 $331,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$27,334$27,090$26,853$26,621$26,394$25,499
2 years$13,532$13,280$13,035$12,798$12,569$11,675
3 years$8,931$8,678$8,435$8,200$7,974$7,111
4 years$6,632$6,379$6,138$5,908$5,687$4,861
5 years$5,252$5,002$4,764$4,538$4,323$3,536
6 years$4,333$4,084$3,850$3,629$3,421$2,673
7 years$3,677$3,430$3,199$2,983$2,782$2,074
8 years$3,185$2,940$2,713$2,503$2,308$1,639
9 years$2,802$2,560$2,337$2,132$1,944$1,313
10 years$2,496$2,256$2,037$1,838$1,656$1,063
11 years$2,246$2,009$1,794$1,599$1,424$867
12 years$2,038$1,803$1,592$1,403$1,234$712
13 years$1,862$1,629$1,422$1,238$1,076$587
14 years$1,711$1,481$1,278$1,099$944$487
15 years$1,581$1,353$1,154$980$831$405
16 years$1,466$1,241$1,046$878$734$337
17 years$1,366$1,143$952$789$651$282
18 years$1,277$1,056$869$711$579$236
19 years$1,197$979$795$642$516$197
20 years$1,125$910$730$582$461$166
21 years$1,060$847$671$528$412$139
22 years$1,001$791$619$480$370$117
23 years$948$740$571$437$332$98
24 years$898$693$528$399$298$83
25 years$853$650$489$364$268$70
26 years$812$611$454$333$242$59
27 years$773$575$422$305$218$50
28 years$738$542$392$279$197$42
29 years$705$511$365$256$178$35
30 years$674$483$340$235$160$30
31 years$645$457$317$216$145$25
32 years$618$432$295$198$131$21
33 years$593$409$276$182$119$18
34 years$569$388$258$168$108$15
35 years$547$368$241$154$97$13
36 years$526$349$225$142$88$11
37 years$506$332$211$131$80$9
38 years$487$315$198$121$73$8
39 years$469$300$185$111$66$6
40 years$453$285$174$103$60$5
41 years$437$271$163$95$54$5
42 years$421$258$153$87$49$4
43 years$407$246$143$81$45$3
44 years$393$235$134$75$40$3
45 years$380$224$126$69$37$2
46 years$368$214$119$64$33$2
47 years$356$204$111$59$30$2
48 years$344$195$105$54$27$1
49 years$334$186$98$50$25$1
50 years$323$177$92$46$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $331,000, adding $5,551 every year, while hoping to spend $20,927 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: 60/34/6 Blend
58$331,000$331,000$331,000$331,000
59$370,488$352,945$347,814$391,959
60$386,011$347,973$337,200$402,027
61$402,417$342,056$325,529$410,096
62$419,773$335,126$312,743$418,365
63$438,152$327,110$298,782$426,852
64$457,637$317,931$283,585$435,581
65$478,314$307,509$267,084$444,576
66$500,282$295,756$249,211$453,867
67$523,646$282,583$229,894$463,486
68$548,522$267,894$209,059$473,472
69$575,036$251,585$186,628$483,868
70$603,327$233,550$162,517$494,720
71$633,547$213,675$136,642$506,085
72$665,863$191,840$108,914$518,024
73$700,458$167,917$79,240$530,607
74$737,532$141,772$47,522$543,913
75$777,305$113,263$13,658$558,029
76$820,018$82,241$0$573,056
77$865,935$48,546$0$590,545
78$915,348$12,012$0$610,207
79$968,575$0$0$631,317
80$1,025,967$0$0$664,342
81$1,087,908$0$0$704,856
82$1,154,823$0$0$748,644
83$1,227,175$0$0$796,013
84$1,305,475$0$0$847,300
85$1,390,286$0$0$902,877
86$1,482,224$0$0$963,150
87$1,581,969$0$0$1,028,570
88$1,690,268$0$0$1,099,628
89$1,807,942$0$0$1,176,868
90$1,935,895$0$0$1,260,886
91$2,075,120$0$0$1,352,339
92$2,226,712$0$0$1,451,950
93$2,391,874$0$0$1,560,514
94$2,571,930$0$0$1,678,906
95$2,768,339$0$0$1,808,090
96$2,982,705$0$0$1,949,125
97$3,216,795$0$0$2,103,179
98$3,472,551$0$0$2,271,537
99$3,752,116$0$0$2,455,613
100$4,057,845$0$0$2,656,964