Can I retire at age 59 with 368,000?

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 $368,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$30,389$30,118$29,854$29,597$29,345$28,954
2 years$15,044$14,764$14,492$14,229$13,974$13,581
3 years$9,930$9,648$9,378$9,117$8,866$8,482
4 years$7,373$7,093$6,824$6,568$6,323$5,953
5 years$5,840$5,561$5,296$5,045$4,807$4,450
6 years$4,817$4,541$4,280$4,034$3,803$3,461
7 years$4,088$3,813$3,557$3,317$3,093$2,766
8 years$3,541$3,269$3,016$2,783$2,566$2,253
9 years$3,115$2,846$2,598$2,370$2,161$1,862
10 years$2,775$2,509$2,265$2,043$1,841$1,557
11 years$2,497$2,233$1,994$1,778$1,584$1,313
12 years$2,266$2,004$1,770$1,560$1,372$1,115
13 years$2,070$1,811$1,581$1,377$1,197$953
14 years$1,902$1,647$1,421$1,222$1,049$818
15 years$1,757$1,504$1,283$1,090$924$705
16 years$1,630$1,380$1,163$976$816$610
17 years$1,519$1,271$1,058$877$724$529
18 years$1,419$1,174$966$790$644$460
19 years$1,330$1,088$884$714$574$400
20 years$1,251$1,011$812$647$512$349
21 years$1,179$942$746$587$458$305
22 years$1,113$879$688$534$411$267
23 years$1,054$823$635$486$369$234
24 years$999$771$588$443$332$205
25 years$949$723$544$405$298$180
26 years$903$680$505$370$269$158
27 years$860$640$469$339$242$139
28 years$820$603$436$310$219$123
29 years$783$569$405$285$197$108
30 years$749$537$378$261$178$95
31 years$717$508$352$240$161$84
32 years$687$480$328$221$146$74
33 years$659$455$307$203$132$65
34 years$633$431$287$187$120$57
35 years$608$409$268$172$108$51
36 years$584$388$251$158$98$45
37 years$562$369$235$146$89$39
38 years$542$350$220$134$81$35
39 years$522$333$206$124$73$31
40 years$503$317$193$114$66$27
41 years$485$302$181$105$60$24
42 years$469$287$170$97$55$21
43 years$452$274$159$90$50$19
44 years$437$261$149$83$45$16
45 years$423$249$140$77$41$14
46 years$409$237$132$71$37$13
47 years$396$227$124$65$34$11
48 years$383$216$116$60$31$10
49 years$371$207$109$56$28$9
50 years$359$197$103$52$25$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $368,000, adding $3,845 every year, while hoping to spend $28,787 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: 69/12/19 Blend
58$368,000$368,000$368,000$368,000
59$409,502$389,998$384,294$435,604
60$420,642$378,479$366,539$441,997
61$431,954$365,430$347,224$445,242
62$443,424$350,747$326,267$448,083
63$455,037$334,318$303,581$450,475
64$466,777$316,025$279,076$452,375
65$478,621$295,744$252,658$453,730
66$490,547$273,341$224,229$454,489
67$502,527$248,679$193,685$454,592
68$514,530$221,610$160,919$453,977
69$526,521$191,978$125,819$452,574
70$538,460$159,619$88,267$450,310
71$550,301$124,358$48,142$447,105
72$561,992$86,012$5,316$442,871
73$573,476$44,388$0$437,513
74$584,688$0$0$439,117
75$595,554$0$0$441,161
76$605,992$0$0$448,729
77$615,910$0$0$455,891
78$625,205$0$0$462,567
79$633,761$0$0$468,669
80$641,451$0$0$474,100
81$648,132$0$0$478,750
82$653,644$0$0$482,497
83$657,809$0$0$485,207
84$660,429$0$0$486,727
85$661,286$0$0$486,892
86$660,136$0$0$485,516
87$656,707$0$0$482,391
88$650,699$0$0$477,289
89$641,780$0$0$469,955
90$629,579$0$0$460,110
91$613,687$0$0$447,439
92$593,650$0$0$431,600
93$568,967$0$0$412,207
94$539,082$0$0$388,840
95$503,379$0$0$361,028
96$461,177$0$0$328,254
97$411,724$0$0$289,945
98$354,187$0$0$245,467
99$287,646$0$0$194,119
100$211,084$0$0$135,128