Can I retire at age 59 with 351,000?

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 $351,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$28,985$28,727$28,475$28,229$27,989$27,346
2 years$14,349$14,082$13,823$13,572$13,328$12,684
3 years$9,471$9,203$8,944$8,696$8,456$7,830
4 years$7,033$6,765$6,509$6,265$6,031$5,429
5 years$5,570$5,304$5,051$4,812$4,585$4,008
6 years$4,595$4,331$4,082$3,848$3,628$3,077
7 years$3,899$3,637$3,392$3,164$2,950$2,426
8 years$3,377$3,118$2,877$2,654$2,447$1,949
9 years$2,971$2,715$2,478$2,261$2,061$1,588
10 years$2,647$2,393$2,160$1,949$1,756$1,308
11 years$2,382$2,130$1,902$1,696$1,510$1,086
12 years$2,161$1,912$1,688$1,488$1,309$909
13 years$1,974$1,728$1,508$1,313$1,141$764
14 years$1,815$1,570$1,355$1,166$1,001$645
15 years$1,676$1,435$1,223$1,040$881$547
16 years$1,555$1,316$1,109$931$779$465
17 years$1,448$1,212$1,009$836$690$397
18 years$1,354$1,120$921$754$614$339
19 years$1,269$1,038$843$681$547$290
20 years$1,193$965$774$617$489$249
21 years$1,124$899$712$560$437$213
22 years$1,062$839$656$509$392$183
23 years$1,005$785$606$464$352$158
24 years$953$735$560$423$316$136
25 years$905$690$519$386$285$117
26 years$861$648$481$353$256$101
27 years$820$610$447$323$231$87
28 years$782$575$416$296$209$75
29 years$747$542$387$272$188$65
30 years$714$512$360$249$170$56
31 years$684$484$336$229$154$48
32 years$655$458$313$210$139$42
33 years$629$434$293$193$126$36
34 years$603$411$273$178$114$31
35 years$580$390$256$164$103$27
36 years$557$370$239$151$94$23
37 years$536$352$224$139$85$20
38 years$517$334$210$128$77$17
39 years$498$318$196$118$70$15
40 years$480$302$184$109$63$13
41 years$463$288$173$101$57$11
42 years$447$274$162$93$52$10
43 years$432$261$152$86$47$8
44 years$417$249$143$79$43$7
45 years$403$237$134$73$39$6
46 years$390$226$126$67$35$5
47 years$377$216$118$62$32$5
48 years$365$206$111$58$29$4
49 years$354$197$104$53$26$4
50 years$343$188$98$49$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $351,000, adding $4,645 every year, while hoping to spend $27,410 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: 58/30/12 Blend
58$351,000$351,000$351,000$351,000
59$391,593$372,990$367,550$412,881
60$402,372$362,103$350,699$416,899
61$413,331$349,763$332,364$417,818
62$424,461$335,871$312,468$418,166
63$435,748$320,321$290,928$417,891
64$447,178$303,001$267,658$416,939
65$458,734$283,792$242,569$415,250
66$470,396$262,569$215,566$412,759
67$482,141$239,200$186,552$409,400
68$493,943$213,544$155,425$405,098
69$505,771$185,453$122,078$399,773
70$517,591$154,772$86,399$393,343
71$529,364$121,334$48,272$385,714
72$541,046$84,966$7,576$376,789
73$552,586$45,483$0$366,462
74$563,929$2,691$0$359,210
75$575,010$0$0$351,655
76$585,759$0$0$357,109
77$596,096$0$0$363,171
78$605,930$0$0$368,895
79$615,162$0$0$374,216
80$623,679$0$0$379,063
81$631,357$0$0$383,354
82$638,056$0$0$387,000
83$643,621$0$0$389,901
84$647,879$0$0$391,946
85$650,637$0$0$393,011
86$651,682$0$0$392,959
87$650,776$0$0$391,637
88$647,655$0$0$388,876
89$642,026$0$0$384,489
90$633,565$0$0$378,266
91$621,912$0$0$369,977
92$606,667$0$0$359,366
93$587,389$0$0$346,150
94$563,588$0$0$330,015
95$534,722$0$0$310,614
96$500,192$0$0$287,562
97$459,334$0$0$260,435
98$411,414$0$0$228,762
99$355,622$0$0$192,025
100$291,059$0$0$149,647