Can I retire at age 59 with 366,000?

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 $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%14.3%
1 years$30,224$29,955$29,692$29,436$29,185$28,666
2 years$14,962$14,684$14,414$14,152$13,898$13,377
3 years$9,876$9,596$9,327$9,067$8,817$8,310
4 years$7,333$7,054$6,787$6,532$6,289$5,800
5 years$5,808$5,530$5,267$5,018$4,780$4,311
6 years$4,791$4,516$4,257$4,013$3,783$3,333
7 years$4,065$3,793$3,537$3,299$3,076$2,647
8 years$3,521$3,251$3,000$2,767$2,552$2,143
9 years$3,098$2,831$2,584$2,357$2,149$1,760
10 years$2,760$2,495$2,253$2,032$1,831$1,461
11 years$2,484$2,221$1,983$1,768$1,575$1,224
12 years$2,253$1,994$1,760$1,551$1,365$1,032
13 years$2,059$1,802$1,572$1,369$1,190$875
14 years$1,892$1,638$1,413$1,216$1,043$746
15 years$1,748$1,496$1,276$1,084$919$638
16 years$1,622$1,373$1,157$971$812$548
17 years$1,510$1,264$1,052$872$720$471
18 years$1,412$1,168$961$786$640$406
19 years$1,323$1,083$880$710$570$351
20 years$1,244$1,006$807$643$510$304
21 years$1,172$937$742$584$456$264
22 years$1,107$875$684$531$409$229
23 years$1,048$818$632$483$367$199
24 years$993$766$584$441$330$173
25 years$944$719$541$403$297$150
26 years$898$676$502$368$267$131
27 years$855$636$466$337$241$114
28 years$816$599$433$309$217$100
29 years$779$566$403$283$196$87
30 years$745$534$376$260$177$76
31 years$713$505$350$239$160$66
32 years$683$478$327$219$145$58
33 years$655$452$305$202$131$50
34 years$629$429$285$186$119$44
35 years$605$407$266$171$108$38
36 years$581$386$249$157$98$34
37 years$559$367$233$145$88$29
38 years$539$348$218$134$80$26
39 years$519$331$205$123$73$22
40 years$500$315$192$114$66$20
41 years$483$300$180$105$60$17
42 years$466$286$169$97$54$15
43 years$450$272$158$89$49$13
44 years$435$260$149$82$45$11
45 years$420$247$140$76$41$10
46 years$407$236$131$70$37$9
47 years$393$225$123$65$33$8
48 years$381$215$116$60$30$7
49 years$369$205$109$56$28$6
50 years$357$196$102$51$25$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $366,000, adding $4,918 every year, while hoping to spend $21,849 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: 67/7/26 Blend
58$366,000$366,000$366,000$366,000
59$408,405$389,007$383,334$432,704
60$426,815$384,821$372,928$445,473
61$446,371$379,698$361,442$456,508
62$467,166$373,568$348,816$468,079
63$489,303$366,359$334,987$480,241
64$512,894$357,993$319,891$493,054
65$538,062$348,388$303,461$506,583
66$564,943$337,457$285,625$520,904
67$593,683$325,109$266,310$536,098
68$624,445$311,246$245,438$552,257
69$657,407$295,765$222,928$569,484
70$692,762$278,557$198,695$587,891
71$730,725$259,507$172,653$607,604
72$771,530$238,494$144,708$628,763
73$815,435$215,389$114,765$651,523
74$862,722$190,056$82,722$676,055
75$913,702$162,351$48,476$702,549
76$968,716$132,123$11,916$731,219
77$1,028,139$99,210$0$762,296
78$1,092,382$63,445$0$803,561
79$1,161,898$24,646$0$851,797
80$1,237,184$0$0$904,050
81$1,318,789$0$0$962,047
82$1,407,312$0$0$1,027,040
83$1,503,416$0$0$1,097,618
84$1,607,828$0$0$1,174,319
85$1,721,348$0$0$1,257,732
86$1,844,858$0$0$1,348,508
87$1,979,326$0$0$1,447,362
88$2,125,817$0$0$1,555,080
89$2,285,505$0$0$1,672,527
90$2,459,682$0$0$1,800,658
91$2,649,768$0$0$1,940,520
92$2,857,327$0$0$2,093,268
93$3,084,082$0$0$2,260,173
94$3,331,927$0$0$2,442,635
95$3,602,952$0$0$2,642,193
96$3,899,452$0$0$2,860,543
97$4,223,959$0$0$3,099,555
98$4,579,259$0$0$3,361,283
99$4,968,419$0$0$3,647,993
100$5,394,820$0$0$3,962,179