Can I retire at age 59 with 381,000?

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 $381,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$31,463$31,182$30,909$30,642$30,381$29,744
2 years$15,576$15,285$15,004$14,732$14,467$13,828
3 years$10,281$9,989$9,709$9,439$9,179$8,557
4 years$7,634$7,343$7,066$6,800$6,546$5,948
5 years$6,046$5,757$5,483$5,223$4,976$4,403
6 years$4,988$4,701$4,431$4,177$3,938$3,389
7 years$4,232$3,948$3,682$3,434$3,202$2,679
8 years$3,666$3,384$3,123$2,881$2,657$2,159
9 years$3,225$2,947$2,690$2,454$2,237$1,764
10 years$2,873$2,597$2,345$2,115$1,906$1,458
11 years$2,586$2,312$2,064$1,841$1,639$1,215
12 years$2,346$2,075$1,832$1,615$1,421$1,019
13 years$2,143$1,875$1,637$1,426$1,239$860
14 years$1,970$1,705$1,471$1,265$1,086$729
15 years$1,819$1,557$1,328$1,129$956$620
16 years$1,688$1,429$1,204$1,010$845$529
17 years$1,572$1,316$1,096$908$749$453
18 years$1,469$1,216$1,000$818$666$388
19 years$1,377$1,127$916$739$594$333
20 years$1,295$1,047$840$670$530$287
21 years$1,220$975$773$608$475$247
22 years$1,153$910$712$553$425$213
23 years$1,091$852$658$503$382$184
24 years$1,034$798$608$459$343$159
25 years$982$749$563$419$309$138
26 years$934$704$522$383$278$119
27 years$890$662$485$351$251$103
28 years$849$624$451$321$226$89
29 years$811$589$420$295$204$77
30 years$776$556$391$270$185$67
31 years$742$526$364$248$167$58
32 years$711$497$340$228$151$50
33 years$682$471$318$210$137$44
34 years$655$446$297$193$124$38
35 years$629$423$277$178$112$33
36 years$605$402$259$164$102$29
37 years$582$382$243$151$92$25
38 years$561$363$227$139$83$22
39 years$540$345$213$128$76$19
40 years$521$328$200$118$69$16
41 years$503$312$187$109$62$14
42 years$485$297$176$101$57$12
43 years$468$283$165$93$51$11
44 years$453$270$155$86$47$9
45 years$438$258$145$79$42$8
46 years$423$246$136$73$38$7
47 years$410$235$128$68$35$6
48 years$396$224$120$63$32$5
49 years$384$214$113$58$29$5
50 years$372$204$106$53$26$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $381,000, adding $6,199 every year, while hoping to spend $25,299 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: 71/20/9 Blend
58$381,000$381,000$381,000$381,000
59$426,256$406,063$400,158$455,379
60$442,816$399,042$386,645$468,446
61$460,218$390,830$371,832$479,032
62$478,520$381,340$355,648$489,930
63$497,786$370,483$338,019$501,164
64$518,087$358,163$318,870$512,761
65$539,499$344,280$298,119$524,753
66$562,104$328,726$275,682$537,175
67$585,994$311,389$251,473$550,064
68$611,267$292,149$225,399$563,467
69$638,032$270,880$197,365$577,431
70$666,405$247,447$167,271$592,011
71$696,517$221,710$135,013$607,269
72$728,507$193,519$100,481$623,274
73$762,530$162,717$63,562$640,102
74$798,754$129,136$24,138$657,841
75$837,364$92,601$0$676,585
76$878,562$52,926$0$698,164
77$922,570$9,913$0$723,562
78$969,630$0$0$750,604
79$1,020,008$0$0$787,517
80$1,073,996$0$0$829,426
81$1,131,914$0$0$874,399
82$1,194,114$0$0$922,711
83$1,260,981$0$0$974,664
84$1,332,937$0$0$1,030,588
85$1,410,448$0$0$1,090,846
86$1,494,025$0$0$1,155,837
87$1,584,226$0$0$1,225,999
88$1,681,670$0$0$1,301,815
89$1,787,032$0$0$1,383,813
90$1,901,057$0$0$1,472,574
91$2,024,562$0$0$1,568,740
92$2,158,447$0$0$1,673,012
93$2,303,701$0$0$1,786,163
94$2,461,411$0$0$1,909,046
95$2,632,774$0$0$2,042,594
96$2,819,105$0$0$2,187,837
97$3,021,853$0$0$2,345,907
98$3,242,609$0$0$2,518,050
99$3,483,127$0$0$2,705,636
100$3,745,336$0$0$2,910,175