Can I retire at age 59 with 390,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$32,206$31,919$31,639$31,366$31,099$30,622
2 years$15,943$15,647$15,359$15,080$14,809$14,329
3 years$10,523$10,225$9,938$9,662$9,396$8,928
4 years$7,814$7,517$7,232$6,961$6,701$6,250
5 years$6,189$5,893$5,613$5,347$5,094$4,660
6 years$5,105$4,812$4,536$4,276$4,031$3,615
7 years$4,332$4,041$3,769$3,515$3,278$2,880
8 years$3,752$3,464$3,197$2,949$2,719$2,340
9 years$3,302$3,016$2,753$2,512$2,290$1,928
10 years$2,941$2,659$2,400$2,165$1,951$1,607
11 years$2,647$2,367$2,113$1,884$1,678$1,351
12 years$2,401$2,124$1,875$1,653$1,454$1,144
13 years$2,194$1,920$1,676$1,459$1,268$974
14 years$2,016$1,745$1,506$1,295$1,112$833
15 years$1,862$1,594$1,359$1,155$979$716
16 years$1,728$1,463$1,232$1,034$865$617
17 years$1,609$1,347$1,121$929$767$533
18 years$1,504$1,245$1,024$838$682$462
19 years$1,410$1,154$937$757$608$401
20 years$1,325$1,072$860$685$543$348
21 years$1,249$998$791$622$486$303
22 years$1,180$932$729$566$436$265
23 years$1,117$872$673$515$391$231
24 years$1,059$817$623$470$351$202
25 years$1,005$766$577$429$316$176
26 years$956$720$535$392$285$154
27 years$911$678$497$359$257$135
28 years$869$639$462$329$232$118
29 years$830$603$430$302$209$104
30 years$794$569$400$277$189$91
31 years$760$538$373$254$171$80
32 years$728$509$348$234$155$70
33 years$698$482$325$215$140$62
34 years$670$457$304$198$127$54
35 years$644$433$284$182$115$47
36 years$619$411$266$168$104$42
37 years$596$391$249$154$94$37
38 years$574$371$233$142$85$32
39 years$553$353$218$131$77$28
40 years$533$336$204$121$70$25
41 years$514$320$192$112$64$22
42 years$497$305$180$103$58$19
43 years$480$290$169$95$52$17
44 years$463$277$158$88$48$15
45 years$448$264$149$81$43$13
46 years$433$252$140$75$39$11
47 years$419$240$131$69$36$10
48 years$406$229$123$64$32$9
49 years$393$219$116$59$29$8
50 years$381$209$109$55$27$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $390,000, adding $6,820 every year, while hoping to spend $28,484 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: 43/32/25 Blend
58$390,000$390,000$390,000$390,000
59$436,815$416,145$410,100$452,162
60$451,063$406,229$393,531$453,841
61$465,810$394,873$375,453$452,411
62$481,077$381,976$355,785$450,300
63$496,885$367,431$334,442$447,463
64$513,257$351,125$311,336$443,849
65$530,219$332,940$286,375$439,407
66$547,796$312,748$259,464$434,080
67$566,016$290,418$230,500$427,813
68$584,909$265,807$199,381$420,544
69$604,505$238,767$165,995$412,210
70$624,837$209,140$130,230$402,744
71$645,942$176,759$91,964$392,077
72$667,857$141,449$51,073$380,134
73$690,622$103,023$7,427$366,840
74$714,280$61,286$0$352,114
75$738,877$16,030$0$346,314
76$764,464$0$0$341,703
77$791,092$0$0$347,851
78$818,819$0$0$360,139
79$847,705$0$0$372,949
80$877,817$0$0$386,312
81$909,226$0$0$400,262
82$942,006$0$0$414,832
83$976,242$0$0$430,061
84$1,012,022$0$0$445,990
85$1,049,441$0$0$462,665
86$1,088,605$0$0$480,132
87$1,129,624$0$0$498,445
88$1,172,623$0$0$517,659
89$1,217,732$0$0$537,838
90$1,265,095$0$0$559,047
91$1,314,869$0$0$581,359
92$1,367,223$0$0$604,854
93$1,422,342$0$0$629,617
94$1,480,426$0$0$655,743
95$1,541,694$0$0$683,334
96$1,606,385$0$0$712,501
97$1,674,759$0$0$743,367
98$1,747,100$0$0$776,064
99$1,823,716$0$0$810,737
100$1,904,948$0$0$847,546