Can I retire at age 59 with 371,000?

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 $371,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$30,637$30,364$30,098$29,838$29,584$28,523
2 years$15,167$14,884$14,611$14,345$14,088$13,030
3 years$10,011$9,727$9,454$9,191$8,938$7,917
4 years$7,433$7,150$6,880$6,622$6,375$5,398
5 years$5,887$5,606$5,339$5,086$4,846$3,917
6 years$4,857$4,578$4,315$4,067$3,834$2,953
7 years$4,121$3,844$3,586$3,344$3,118$2,285
8 years$3,569$3,295$3,041$2,805$2,587$1,800
9 years$3,141$2,869$2,619$2,389$2,179$1,438
10 years$2,798$2,529$2,283$2,060$1,856$1,160
11 years$2,518$2,251$2,010$1,793$1,596$943
12 years$2,284$2,021$1,784$1,572$1,383$772
13 years$2,087$1,826$1,594$1,388$1,206$635
14 years$1,918$1,660$1,432$1,232$1,058$524
15 years$1,772$1,516$1,293$1,099$931$434
16 years$1,644$1,391$1,172$984$823$360
17 years$1,531$1,281$1,067$884$730$300
18 years$1,431$1,184$974$797$649$250
19 years$1,341$1,097$892$720$578$209
20 years$1,261$1,020$818$652$517$175
21 years$1,188$950$753$592$462$146
22 years$1,122$887$694$538$414$122
23 years$1,062$829$640$490$372$102
24 years$1,007$777$592$447$334$86
25 years$956$729$549$408$301$72
26 years$910$685$509$373$271$61
27 years$867$645$472$342$244$51
28 years$827$608$439$313$220$43
29 years$790$573$409$287$199$36
30 years$755$541$381$263$180$30
31 years$723$512$355$242$163$25
32 years$693$484$331$222$147$21
33 years$664$459$309$204$133$18
34 years$638$435$289$188$121$15
35 years$613$412$270$173$109$13
36 years$589$391$253$159$99$11
37 years$567$372$236$147$90$9
38 years$546$353$221$135$81$8
39 years$526$336$207$125$74$6
40 years$507$320$194$115$67$5
41 years$489$304$182$106$61$4
42 years$472$290$171$98$55$4
43 years$456$276$161$91$50$3
44 years$441$263$151$84$45$3
45 years$426$251$141$77$41$2
46 years$412$239$133$71$37$2
47 years$399$228$125$66$34$2
48 years$386$218$117$61$31$1
49 years$374$208$110$56$28$1
50 years$362$199$104$52$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $371,000, adding $6,678 every year, while hoping to spend $26,444 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: 66/29/5 Blend
58$371,000$371,000$371,000$371,000
59$415,730$396,067$390,317$442,453
60$429,999$387,338$375,256$452,311
61$444,836$377,296$358,805$459,271
62$460,273$365,846$340,888$466,166
63$476,341$352,893$321,428$472,985
64$493,075$338,332$300,344$479,718
65$510,513$322,055$277,549$486,355
66$528,694$303,945$252,956$492,884
67$547,663$283,880$226,472$499,297
68$567,465$261,730$198,000$505,582
69$588,151$237,360$167,437$511,729
70$609,776$210,624$134,679$517,728
71$632,397$181,369$99,615$523,570
72$656,079$149,433$62,130$529,246
73$680,891$114,648$22,104$534,749
74$706,908$76,831$0$540,071
75$734,210$35,793$0$546,307
76$762,885$0$0$553,682
77$793,030$0$0$563,788
78$824,747$0$0$586,447
79$858,151$0$0$610,320
80$893,365$0$0$635,496
81$930,522$0$0$662,072
82$969,770$0$0$690,154
83$1,011,267$0$0$719,858
84$1,055,188$0$0$751,309
85$1,101,724$0$0$784,647
86$1,151,081$0$0$820,021
87$1,203,489$0$0$857,596
88$1,259,194$0$0$897,553
89$1,318,468$0$0$940,089
90$1,381,611$0$0$985,420
91$1,448,946$0$0$1,033,781
92$1,520,832$0$0$1,085,433
93$1,597,659$0$0$1,140,659
94$1,679,855$0$0$1,199,770
95$1,767,892$0$0$1,263,107
96$1,862,285$0$0$1,331,045
97$1,963,598$0$0$1,403,994
98$2,072,454$0$0$1,482,405
99$2,189,532$0$0$1,566,774
100$2,315,582$0$0$1,657,642