Can I retire at age 59 with 385,000?

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 $385,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$31,793$31,510$31,233$30,964$30,700$29,765
2 years$15,739$15,446$15,162$14,886$14,619$13,685
3 years$10,388$10,094$9,811$9,538$9,275$8,371
4 years$7,714$7,420$7,140$6,872$6,615$5,749
5 years$6,109$5,818$5,541$5,278$5,029$4,202
6 years$5,040$4,750$4,478$4,221$3,979$3,192
7 years$4,277$3,989$3,721$3,470$3,236$2,490
8 years$3,704$3,420$3,156$2,911$2,685$1,978
9 years$3,259$2,977$2,718$2,480$2,261$1,593
10 years$2,904$2,624$2,370$2,137$1,926$1,297
11 years$2,613$2,336$2,086$1,860$1,657$1,064
12 years$2,370$2,097$1,851$1,632$1,436$879
13 years$2,166$1,895$1,654$1,440$1,252$730
14 years$1,990$1,723$1,486$1,279$1,097$608
15 years$1,838$1,574$1,342$1,140$966$509
16 years$1,706$1,444$1,217$1,021$854$427
17 years$1,589$1,330$1,107$917$757$359
18 years$1,485$1,229$1,011$827$673$302
19 years$1,392$1,139$925$747$600$255
20 years$1,308$1,058$849$677$536$216
21 years$1,233$986$781$614$480$182
22 years$1,165$920$720$558$430$154
23 years$1,102$861$665$508$386$131
24 years$1,045$806$615$464$347$111
25 years$993$757$569$424$312$94
26 years$944$711$528$387$281$80
27 years$900$669$490$354$254$68
28 years$858$631$456$325$229$58
29 years$820$595$424$298$207$49
30 years$784$562$395$273$187$42
31 years$750$531$368$251$169$35
32 years$719$503$344$231$153$30
33 years$689$476$321$212$138$26
34 years$662$451$300$195$125$22
35 years$636$428$280$180$113$18
36 years$611$406$262$165$103$16
37 years$588$386$245$152$93$13
38 years$567$367$230$141$84$11
39 years$546$349$215$130$76$10
40 years$526$332$202$120$69$8
41 years$508$316$189$110$63$7
42 years$490$301$178$102$57$6
43 years$473$286$167$94$52$5
44 years$457$273$156$87$47$4
45 years$442$260$147$80$43$4
46 years$428$248$138$74$39$3
47 years$414$237$130$68$35$3
48 years$401$226$122$63$32$2
49 years$388$216$114$58$29$2
50 years$376$206$108$54$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $385,000, adding $5,333 every year, while hoping to spend $23,430 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: 49/21/30 Blend
58$385,000$385,000$385,000$385,000
59$429,771$409,366$403,398$446,934
60$448,678$404,496$391,983$454,671
61$468,729$398,601$379,400$460,353
62$490,015$391,608$365,585$466,080
63$512,636$383,437$350,472$471,868
64$536,703$374,003$333,991$477,736
65$562,335$363,218$316,069$483,707
66$589,666$350,988$296,629$489,808
67$618,838$337,213$275,592$496,070
68$650,010$321,786$252,875$502,529
69$683,355$304,598$228,390$509,228
70$719,063$285,529$202,047$516,214
71$757,342$264,455$173,751$523,544
72$798,422$241,244$143,402$531,281
73$842,552$215,756$110,897$539,498
74$890,008$187,845$76,128$548,277
75$941,093$157,353$38,983$557,713
76$996,138$124,116$0$567,911
77$1,055,508$87,962$0$579,205
78$1,119,602$48,705$0$604,848
79$1,188,863$6,152$0$632,544
80$1,263,772$0$0$662,509
81$1,344,861$0$0$704,202
82$1,432,716$0$0$750,949
83$1,527,978$0$0$801,674
84$1,631,355$0$0$856,758
85$1,743,622$0$0$916,620
86$1,865,636$0$0$981,721
87$1,998,337$0$0$1,052,567
88$2,142,758$0$0$1,129,718
89$2,300,040$0$0$1,213,786
90$2,471,434$0$0$1,305,447
91$2,658,318$0$0$1,405,445
92$2,862,212$0$0$1,514,598
93$3,084,783$0$0$1,633,808
94$3,327,872$0$0$1,764,066
95$3,593,502$0$0$1,906,464
96$3,883,901$0$0$2,062,204
97$4,201,522$0$0$2,232,610
98$4,549,067$0$0$2,419,139
99$4,929,510$0$0$2,623,396
100$5,346,125$0$0$2,847,149