Can I retire at age 59 with 365,000?

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 $365,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$30,141$29,873$29,611$29,355$29,106$28,356
2 years$14,921$14,644$14,374$14,113$13,860$13,110
3 years$9,849$9,570$9,301$9,042$8,793$8,066
4 years$7,313$7,035$6,769$6,515$6,271$5,572
5 years$5,792$5,515$5,253$5,004$4,767$4,099
6 years$4,778$4,504$4,245$4,002$3,772$3,135
7 years$4,054$3,782$3,528$3,290$3,068$2,461
8 years$3,512$3,242$2,992$2,760$2,545$1,969
9 years$3,090$2,823$2,577$2,351$2,143$1,598
10 years$2,753$2,488$2,247$2,026$1,826$1,311
11 years$2,477$2,215$1,978$1,764$1,571$1,084
12 years$2,247$1,988$1,755$1,547$1,361$902
13 years$2,053$1,797$1,568$1,366$1,187$755
14 years$1,887$1,633$1,409$1,212$1,040$635
15 years$1,743$1,492$1,272$1,081$916$535
16 years$1,617$1,369$1,153$968$810$453
17 years$1,506$1,261$1,050$870$718$384
18 years$1,408$1,165$958$784$638$327
19 years$1,320$1,080$877$708$569$278
20 years$1,241$1,003$805$641$508$237
21 years$1,169$934$740$582$455$202
22 years$1,104$872$682$529$408$173
23 years$1,045$816$630$482$366$148
24 years$991$764$583$440$329$127
25 years$941$717$540$402$296$108
26 years$895$674$501$367$267$93
27 years$853$634$465$336$240$80
28 years$814$598$432$308$217$68
29 years$777$564$402$282$196$59
30 years$743$533$375$259$177$50
31 years$711$504$349$238$160$43
32 years$682$476$326$219$145$37
33 years$654$451$304$201$131$32
34 years$628$428$284$185$119$27
35 years$603$406$266$170$107$24
36 years$580$385$249$157$97$20
37 years$558$366$233$145$88$17
38 years$537$347$218$133$80$15
39 years$518$330$204$123$73$13
40 years$499$314$191$113$66$11
41 years$481$299$179$105$60$9
42 years$465$285$168$96$54$8
43 years$449$272$158$89$49$7
44 years$434$259$148$82$45$6
45 years$419$247$139$76$40$5
46 years$406$235$131$70$37$4
47 years$392$225$123$65$33$4
48 years$380$215$115$60$30$3
49 years$368$205$108$55$28$3
50 years$356$196$102$51$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $365,000, adding $4,788 every year, while hoping to spend $27,709 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: 63/16/21 Blend
58$365,000$365,000$365,000$365,000
59$407,169$387,824$382,166$430,326
60$419,218$377,345$365,487$436,036
61$431,567$365,424$347,320$438,740
62$444,218$351,961$327,586$441,056
63$457,172$336,850$306,203$442,950
64$470,427$319,980$283,085$444,385
65$483,983$301,231$258,141$445,319
66$497,837$280,480$231,277$445,710
67$511,986$257,593$202,394$445,511
68$526,424$232,430$171,390$444,674
69$541,145$204,845$138,156$443,145
70$556,139$174,680$102,582$440,869
71$571,397$141,770$64,550$437,784
72$586,904$105,942$23,937$433,826
73$602,646$67,011$0$428,925
74$618,604$24,782$0$427,355
75$634,756$0$0$430,695
76$651,076$0$0$437,211
77$667,536$0$0$448,171
78$684,101$0$0$459,191
79$700,732$0$0$470,241
80$717,386$0$0$481,292
81$734,012$0$0$492,307
82$750,553$0$0$503,245
83$766,943$0$0$514,063
84$783,110$0$0$524,707
85$798,971$0$0$535,121
86$814,434$0$0$545,240
87$829,393$0$0$554,990
88$843,733$0$0$564,289
89$857,322$0$0$573,047
90$870,014$0$0$581,161
91$881,647$0$0$588,517
92$892,037$0$0$594,988
93$900,981$0$0$600,431
94$908,253$0$0$604,690
95$913,602$0$0$607,588
96$916,746$0$0$608,930
97$917,374$0$0$608,499
98$915,141$0$0$606,054
99$909,662$0$0$601,328
100$900,511$0$0$594,023