Can I retire at age 59 with 366,000?

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 $366,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$30,224$29,955$29,692$29,436$29,185$28,737
2 years$14,962$14,684$14,414$14,152$13,898$13,448
3 years$9,876$9,596$9,327$9,067$8,817$8,379
4 years$7,333$7,054$6,787$6,532$6,289$5,865
5 years$5,808$5,530$5,267$5,018$4,780$4,373
6 years$4,791$4,516$4,257$4,013$3,783$3,392
7 years$4,065$3,793$3,537$3,299$3,076$2,703
8 years$3,521$3,251$3,000$2,767$2,552$2,196
9 years$3,098$2,831$2,584$2,357$2,149$1,810
10 years$2,760$2,495$2,253$2,032$1,831$1,508
11 years$2,484$2,221$1,983$1,768$1,575$1,268
12 years$2,253$1,994$1,760$1,551$1,365$1,073
13 years$2,059$1,802$1,572$1,369$1,190$914
14 years$1,892$1,638$1,413$1,216$1,043$782
15 years$1,748$1,496$1,276$1,084$919$672
16 years$1,622$1,373$1,157$971$812$579
17 years$1,510$1,264$1,052$872$720$500
18 years$1,412$1,168$961$786$640$433
19 years$1,323$1,083$880$710$570$376
20 years$1,244$1,006$807$643$510$327
21 years$1,172$937$742$584$456$285
22 years$1,107$875$684$531$409$248
23 years$1,048$818$632$483$367$217
24 years$993$766$584$441$330$189
25 years$944$719$541$403$297$166
26 years$898$676$502$368$267$145
27 years$855$636$466$337$241$127
28 years$816$599$433$309$217$111
29 years$779$566$403$283$196$97
30 years$745$534$376$260$177$85
31 years$713$505$350$239$160$75
32 years$683$478$327$219$145$66
33 years$655$452$305$202$131$58
34 years$629$429$285$186$119$51
35 years$605$407$266$171$108$45
36 years$581$386$249$157$98$39
37 years$559$367$233$145$88$34
38 years$539$348$218$134$80$30
39 years$519$331$205$123$73$27
40 years$500$315$192$114$66$23
41 years$483$300$180$105$60$20
42 years$466$286$169$97$54$18
43 years$450$272$158$89$49$16
44 years$435$260$149$82$45$14
45 years$420$247$140$76$41$12
46 years$407$236$131$70$37$11
47 years$393$225$123$65$33$9
48 years$381$215$116$60$30$8
49 years$369$205$109$56$28$7
50 years$357$196$102$51$25$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $366,000, adding $2,284 every year, while hoping to spend $25,012 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: 69/11/20 Blend
58$366,000$366,000$366,000$366,000
59$405,688$386,290$380,617$431,530
60$420,456$378,606$366,755$441,396
61$435,891$369,706$351,590$449,041
62$452,036$359,506$335,053$456,794
63$468,937$347,915$317,070$464,663
64$486,641$334,835$297,564$472,660
65$505,201$320,165$276,456$480,795
66$524,677$303,798$253,662$489,084
67$545,128$285,619$229,094$497,543
68$566,625$265,507$202,662$506,190
69$589,239$243,336$174,270$515,047
70$613,052$218,970$143,819$524,140
71$638,151$192,267$111,204$533,496
72$664,631$163,077$76,318$543,149
73$692,595$131,240$39,047$553,135
74$722,158$96,588$0$563,497
75$753,441$58,944$0$574,439
76$786,581$18,121$0$594,761
77$821,724$0$0$616,212
78$859,031$0$0$642,046
79$898,679$0$0$671,842
80$940,859$0$0$703,553
81$985,783$0$0$737,339
82$1,033,682$0$0$773,374
83$1,084,807$0$0$811,852
84$1,139,437$0$0$852,981
85$1,197,874$0$0$896,993
86$1,260,452$0$0$944,139
87$1,327,534$0$0$994,698
88$1,399,523$0$0$1,048,973
89$1,476,857$0$0$1,107,297
90$1,560,018$0$0$1,170,037
91$1,649,536$0$0$1,237,596
92$1,745,992$0$0$1,310,414
93$1,850,026$0$0$1,388,977
94$1,962,338$0$0$1,473,817
95$2,083,699$0$0$1,565,522
96$2,214,957$0$0$1,664,733
97$2,357,043$0$0$1,772,159
98$2,510,981$0$0$1,888,577
99$2,677,897$0$0$2,014,844
100$2,859,028$0$0$2,151,899