Can I retire at age 59 with 376,000?

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 $376,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$31,050$30,773$30,503$30,240$29,983$29,831
2 years$15,371$15,085$14,807$14,538$14,278$14,125
3 years$10,146$9,858$9,581$9,315$9,058$8,909
4 years$7,533$7,247$6,973$6,711$6,460$6,315
5 years$5,966$5,682$5,411$5,155$4,911$4,771
6 years$4,922$4,639$4,373$4,122$3,886$3,751
7 years$4,177$3,896$3,634$3,389$3,160$3,031
8 years$3,618$3,340$3,082$2,843$2,622$2,497
9 years$3,183$2,908$2,654$2,422$2,208$2,088
10 years$2,836$2,563$2,314$2,087$1,881$1,767
11 years$2,552$2,282$2,037$1,817$1,618$1,509
12 years$2,315$2,048$1,808$1,593$1,402$1,298
13 years$2,115$1,851$1,615$1,407$1,223$1,123
14 years$1,944$1,682$1,451$1,249$1,072$977
15 years$1,795$1,537$1,311$1,114$944$853
16 years$1,666$1,410$1,188$997$834$748
17 years$1,552$1,299$1,081$896$739$658
18 years$1,450$1,200$987$807$658$580
19 years$1,359$1,112$904$730$586$513
20 years$1,278$1,033$829$661$523$454
21 years$1,204$963$763$600$468$403
22 years$1,137$899$703$545$420$358
23 years$1,076$840$649$497$377$318
24 years$1,021$787$600$453$339$284
25 years$969$739$556$414$305$253
26 years$922$694$516$378$275$226
27 years$878$654$479$346$248$202
28 years$838$616$445$317$223$180
29 years$800$581$414$291$202$161
30 years$765$549$386$267$182$144
31 years$733$519$360$245$165$129
32 years$702$491$336$225$149$116
33 years$673$465$313$207$135$104
34 years$646$441$293$191$122$93
35 years$621$418$274$175$111$83
36 years$597$397$256$162$100$75
37 years$575$377$240$149$91$67
38 years$553$358$224$137$82$60
39 years$533$340$210$127$75$54
40 years$514$324$197$117$68$49
41 years$496$308$185$108$61$44
42 years$479$294$173$99$56$39
43 years$462$280$163$92$51$35
44 years$447$267$153$85$46$32
45 years$432$254$143$78$42$28
46 years$418$243$135$72$38$25
47 years$404$231$127$67$34$23
48 years$391$221$119$62$31$21
49 years$379$211$112$57$28$18
50 years$367$202$105$53$26$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $376,000, adding $5,256 every year, while hoping to spend $25,694 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: 73/7/20 Blend
58$376,000$376,000$376,000$376,000
59$419,774$399,846$394,018$448,037
60$435,252$392,100$379,879$459,768
61$451,449$383,113$364,406$469,012
62$468,409$372,798$347,525$478,485
63$486,182$361,061$329,164$488,203
64$504,824$347,804$309,242$498,188
65$524,392$332,923$287,677$508,462
66$544,951$316,307$264,385$519,051
67$566,569$297,839$239,275$529,984
68$589,322$277,396$212,254$541,292
69$613,293$254,848$183,224$553,012
70$638,569$230,057$152,083$565,186
71$665,250$202,876$118,725$577,858
72$693,442$173,153$83,038$591,080
73$723,259$140,724$44,906$604,909
74$754,829$105,416$4,207$619,410
75$788,289$67,050$0$634,654
76$823,791$25,432$0$659,091
77$861,500$0$0$685,945
78$901,597$0$0$715,956
79$944,278$0$0$749,997
80$989,760$0$0$786,282
81$1,038,280$0$0$825,002
82$1,090,098$0$0$866,364
83$1,145,497$0$0$910,597
84$1,204,789$0$0$957,952
85$1,268,317$0$0$1,008,703
86$1,336,454$0$0$1,063,151
87$1,409,613$0$0$1,121,627
88$1,488,245$0$0$1,184,494
89$1,572,844$0$0$1,252,150
90$1,663,956$0$0$1,325,032
91$1,762,178$0$0$1,403,620
92$1,868,166$0$0$1,488,443
93$1,982,642$0$0$1,580,080
94$2,106,397$0$0$1,679,168
95$2,240,304$0$0$1,786,407
96$2,385,320$0$0$1,902,568
97$2,542,497$0$0$2,028,496
98$2,712,993$0$0$2,165,123
99$2,898,082$0$0$2,313,472
100$3,099,163$0$0$2,474,669