Can I retire at age 59 with 357,000?

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 $357,000?

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$29,481$29,218$28,962$28,712$28,468$28,288
2 years$14,594$14,323$14,059$13,804$13,556$13,375
3 years$9,633$9,360$9,097$8,844$8,601$8,424
4 years$7,153$6,881$6,620$6,372$6,134$5,962
5 years$5,665$5,394$5,138$4,894$4,663$4,497
6 years$4,673$4,405$4,152$3,914$3,690$3,530
7 years$3,966$3,699$3,450$3,218$3,001$2,847
8 years$3,435$3,171$2,926$2,699$2,489$2,342
9 years$3,022$2,761$2,520$2,299$2,096$1,955
10 years$2,692$2,434$2,197$1,982$1,786$1,651
11 years$2,423$2,166$1,934$1,725$1,536$1,407
12 years$2,198$1,945$1,717$1,513$1,331$1,208
13 years$2,008$1,757$1,534$1,336$1,161$1,044
14 years$1,846$1,597$1,378$1,186$1,018$906
15 years$1,705$1,459$1,244$1,057$896$790
16 years$1,582$1,339$1,128$947$792$691
17 years$1,473$1,233$1,027$851$702$607
18 years$1,377$1,139$937$767$624$534
19 years$1,291$1,056$858$693$556$471
20 years$1,213$981$787$627$497$416
21 years$1,143$914$724$569$445$368
22 years$1,080$853$667$518$399$326
23 years$1,022$798$616$472$358$290
24 years$969$748$570$430$322$258
25 years$920$702$528$393$289$229
26 years$876$659$490$359$261$204
27 years$834$621$455$329$235$182
28 years$796$585$423$301$212$162
29 years$760$552$393$276$192$145
30 years$727$521$366$253$173$129
31 years$696$492$342$233$156$115
32 years$667$466$319$214$142$103
33 years$639$441$298$197$128$92
34 years$614$418$278$181$116$82
35 years$590$397$260$167$105$74
36 years$567$377$243$153$95$66
37 years$546$358$228$141$86$59
38 years$525$340$213$130$78$53
39 years$506$323$200$120$71$47
40 years$488$307$187$111$64$42
41 years$471$293$175$102$58$38
42 years$455$279$165$94$53$34
43 years$439$266$154$87$48$30
44 years$424$253$145$80$44$27
45 years$410$241$136$74$40$24
46 years$397$230$128$69$36$22
47 years$384$220$120$63$33$20
48 years$372$210$113$59$30$18
49 years$360$200$106$54$27$16
50 years$349$191$100$50$24$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $357,000, adding $3,520 every year, while hoping to spend $29,030 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: 65/6/29 Blend
58$357,000$357,000$357,000$357,000
59$397,045$378,124$372,590$419,587
60$406,656$365,764$354,184$422,902
61$416,274$351,826$334,189$422,998
62$425,870$336,201$312,520$422,473
63$435,409$318,776$289,090$421,268
64$444,853$299,428$263,807$419,322
65$454,160$278,031$236,576$416,567
66$463,279$254,450$207,296$412,929
67$472,156$228,541$175,864$408,329
68$480,730$200,154$142,169$402,681
69$488,932$169,129$106,099$395,891
70$496,684$135,297$67,535$387,857
71$503,900$98,481$26,351$378,470
72$510,484$58,492$0$367,610
73$516,327$15,132$0$360,593
74$521,311$0$0$360,887
75$525,301$0$0$362,319
76$528,148$0$0$363,919
77$529,688$0$0$364,569
78$529,736$0$0$364,136
79$528,089$0$0$362,473
80$524,520$0$0$359,419
81$518,777$0$0$354,793
82$510,583$0$0$348,394
83$499,628$0$0$340,001
84$485,570$0$0$329,368
85$468,030$0$0$316,223
86$446,588$0$0$300,265
87$420,780$0$0$281,160
88$390,092$0$0$258,540
89$353,955$0$0$231,998
90$311,740$0$0$201,081
91$262,753$0$0$165,291
92$206,224$0$0$124,077
93$141,303$0$0$76,830
94$67,054$0$0$22,877
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0