Can I retire at age 59 with 334,000?

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 $334,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$27,581$27,336$27,096$26,862$26,634$26,466
2 years$13,654$13,400$13,153$12,914$12,683$12,513
3 years$9,012$8,757$8,511$8,274$8,046$7,881
4 years$6,692$6,437$6,194$5,961$5,739$5,578
5 years$5,300$5,047$4,807$4,579$4,363$4,208
6 years$4,372$4,121$3,885$3,662$3,452$3,303
7 years$3,710$3,461$3,228$3,010$2,807$2,664
8 years$3,214$2,967$2,738$2,525$2,329$2,191
9 years$2,828$2,583$2,358$2,151$1,961$1,829
10 years$2,519$2,277$2,056$1,854$1,671$1,545
11 years$2,267$2,027$1,810$1,614$1,437$1,317
12 years$2,056$1,819$1,606$1,415$1,245$1,130
13 years$1,879$1,644$1,435$1,250$1,086$976
14 years$1,727$1,494$1,289$1,109$952$848
15 years$1,595$1,365$1,164$989$838$739
16 years$1,480$1,253$1,055$886$741$647
17 years$1,378$1,154$960$796$657$567
18 years$1,288$1,066$877$717$584$499
19 years$1,208$988$803$648$521$440
20 years$1,135$918$737$587$465$389
21 years$1,070$855$678$533$416$344
22 years$1,010$798$624$484$373$305
23 years$956$747$577$441$335$271
24 years$907$699$533$402$301$241
25 years$861$656$494$367$271$214
26 years$819$617$458$336$244$191
27 years$780$581$425$308$220$170
28 years$744$547$395$282$198$152
29 years$711$516$368$258$179$135
30 years$680$487$343$237$162$121
31 years$651$461$320$218$146$108
32 years$624$436$298$200$132$96
33 years$598$413$278$184$120$86
34 years$574$391$260$169$108$77
35 years$552$371$243$156$98$69
36 years$530$352$227$144$89$62
37 years$510$335$213$132$81$55
38 years$492$318$199$122$73$49
39 years$474$302$187$112$66$44
40 years$457$288$175$104$60$40
41 years$441$274$164$96$55$35
42 years$425$261$154$88$50$32
43 years$411$248$145$82$45$28
44 years$397$237$136$75$41$26
45 years$384$226$127$69$37$23
46 years$371$215$120$64$34$20
47 years$359$206$112$59$31$18
48 years$348$196$106$55$28$16
49 years$337$187$99$51$25$15
50 years$326$179$93$47$23$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $334,000, adding $6,658 every year, while hoping to spend $20,666 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: 42/44/14 Blend
58$334,000$334,000$334,000$334,000
59$374,936$357,234$352,057$388,885
60$391,191$352,750$341,862$394,857
61$408,411$347,353$330,633$398,760
62$426,673$340,978$318,314$402,537
63$446,062$333,554$304,845$406,185
64$466,667$325,005$290,165$409,705
65$488,590$315,253$274,208$413,097
66$511,941$304,215$256,909$416,362
67$536,839$291,802$238,195$419,507
68$563,416$277,920$217,994$422,537
69$591,816$262,469$196,229$425,462
70$622,198$245,347$172,819$428,297
71$654,734$226,440$147,680$431,057
72$689,614$205,633$120,725$433,765
73$727,047$182,802$91,861$436,446
74$767,262$157,815$60,995$439,131
75$810,509$130,535$28,025$441,860
76$857,065$100,815$0$444,676
77$907,232$68,501$0$448,704
78$961,342$33,430$0$457,472
79$1,019,761$0$0$466,880
80$1,082,890$0$0$479,242
81$1,151,170$0$0$510,153
82$1,225,087$0$0$543,651
83$1,305,173$0$0$579,982
84$1,392,013$0$0$619,416
85$1,486,254$0$0$662,251
86$1,588,603$0$0$708,815
87$1,699,841$0$0$759,467
88$1,820,824$0$0$814,603
89$1,952,498$0$0$874,660
90$2,095,899$0$0$940,117
91$2,252,171$0$0$1,011,503
92$2,422,571$0$0$1,089,398
93$2,608,483$0$0$1,174,442
94$2,811,431$0$0$1,267,339
95$3,033,092$0$0$1,368,864
96$3,275,311$0$0$1,479,871
97$3,540,121$0$0$1,601,299
98$3,829,759$0$0$1,734,183
99$4,146,690$0$0$1,879,663
100$4,493,626$0$0$2,038,991