Can I retire at age 59 with 390,000?

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 $390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$32,206$31,919$31,639$31,366$31,099$30,188
2 years$15,943$15,647$15,359$15,080$14,809$13,899
3 years$10,523$10,225$9,938$9,662$9,396$8,514
4 years$7,814$7,517$7,232$6,961$6,701$5,856
5 years$6,189$5,893$5,613$5,347$5,094$4,287
6 years$5,105$4,812$4,536$4,276$4,031$3,262
7 years$4,332$4,041$3,769$3,515$3,278$2,549
8 years$3,752$3,464$3,197$2,949$2,719$2,028
9 years$3,302$3,016$2,753$2,512$2,290$1,637
10 years$2,941$2,659$2,400$2,165$1,951$1,335
11 years$2,647$2,367$2,113$1,884$1,678$1,098
12 years$2,401$2,124$1,875$1,653$1,454$908
13 years$2,194$1,920$1,676$1,459$1,268$756
14 years$2,016$1,745$1,506$1,295$1,112$631
15 years$1,862$1,594$1,359$1,155$979$529
16 years$1,728$1,463$1,232$1,034$865$445
17 years$1,609$1,347$1,121$929$767$375
18 years$1,504$1,245$1,024$838$682$316
19 years$1,410$1,154$937$757$608$268
20 years$1,325$1,072$860$685$543$227
21 years$1,249$998$791$622$486$192
22 years$1,180$932$729$566$436$163
23 years$1,117$872$673$515$391$139
24 years$1,059$817$623$470$351$118
25 years$1,005$766$577$429$316$100
26 years$956$720$535$392$285$85
27 years$911$678$497$359$257$73
28 years$869$639$462$329$232$62
29 years$830$603$430$302$209$53
30 years$794$569$400$277$189$45
31 years$760$538$373$254$171$38
32 years$728$509$348$234$155$33
33 years$698$482$325$215$140$28
34 years$670$457$304$198$127$24
35 years$644$433$284$182$115$20
36 years$619$411$266$168$104$17
37 years$596$391$249$154$94$15
38 years$574$371$233$142$85$13
39 years$553$353$218$131$77$11
40 years$533$336$204$121$70$9
41 years$514$320$192$112$64$8
42 years$497$305$180$103$58$7
43 years$480$290$169$95$52$6
44 years$463$277$158$88$48$5
45 years$448$264$149$81$43$4
46 years$433$252$140$75$39$4
47 years$419$240$131$69$36$3
48 years$406$229$123$64$32$3
49 years$393$219$116$59$29$2
50 years$381$209$109$55$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $390,000, adding $4,348 every year, while hoping to spend $22,310 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: 69/18/13 Blend
58$390,000$390,000$390,000$390,000
59$434,265$413,595$407,550$462,683
60$454,822$410,123$397,465$478,662
61$476,729$405,734$386,295$493,052
62$500,098$400,358$373,979$508,217
63$525,056$393,924$360,455$524,229
64$551,739$386,353$345,657$541,169
65$580,297$377,565$329,518$559,126
66$610,895$367,473$311,964$578,201
67$643,713$355,986$292,921$598,503
68$678,949$343,007$272,312$620,154
69$716,821$328,434$250,054$643,289
70$757,568$312,158$226,061$668,058
71$801,451$294,065$200,246$694,627
72$848,759$274,034$172,514$723,178
73$899,807$251,936$142,767$753,916
74$954,943$227,636$110,906$787,064
75$1,014,548$200,992$76,822$822,873
76$1,079,043$171,851$40,407$861,618
77$1,148,888$140,054$1,543$903,604
78$1,224,590$105,433$0$949,168
79$1,306,707$67,808$0$1,004,224
80$1,395,852$26,991$0$1,064,232
81$1,492,700$0$0$1,129,455
82$1,597,991$0$0$1,203,827
83$1,712,544$0$0$1,290,576
84$1,837,254$0$0$1,385,038
85$1,973,111$0$0$1,487,964
86$2,121,202$0$0$1,600,180
87$2,282,723$0$0$1,722,596
88$2,458,992$0$0$1,856,214
89$2,651,459$0$0$2,002,134
90$2,861,719$0$0$2,161,572
91$3,091,530$0$0$2,335,861
92$3,342,826$0$0$2,526,472
93$3,617,736$0$0$2,735,026
94$3,918,607$0$0$2,963,303
95$4,248,020$0$0$3,213,268
96$4,608,819$0$0$3,487,082
97$5,004,136$0$0$3,787,126
98$5,437,420$0$0$4,116,022
99$5,912,469$0$0$4,476,657
100$6,433,467$0$0$4,872,213