Can I retire at age 59 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$32,288$32,001$31,720$31,446$31,179$30,969
2 years$15,984$15,687$15,398$15,118$14,847$14,636
3 years$10,550$10,251$9,964$9,687$9,420$9,213
4 years$7,834$7,536$7,251$6,979$6,718$6,518
5 years$6,204$5,908$5,627$5,360$5,107$4,914
6 years$5,119$4,825$4,547$4,287$4,041$3,855
7 years$4,343$4,052$3,779$3,524$3,286$3,108
8 years$3,762$3,473$3,205$2,956$2,726$2,555
9 years$3,310$3,024$2,760$2,518$2,296$2,132
10 years$2,949$2,665$2,407$2,171$1,956$1,799
11 years$2,653$2,373$2,119$1,889$1,683$1,532
12 years$2,407$2,130$1,880$1,657$1,458$1,315
13 years$2,199$1,925$1,680$1,463$1,271$1,135
14 years$2,021$1,749$1,509$1,299$1,115$985
15 years$1,867$1,598$1,363$1,158$981$858
16 years$1,732$1,466$1,236$1,037$867$750
17 years$1,613$1,350$1,124$932$769$658
18 years$1,508$1,248$1,026$840$684$578
19 years$1,414$1,156$940$759$609$510
20 years$1,329$1,075$862$687$544$450
21 years$1,252$1,001$793$624$487$398
22 years$1,183$934$731$567$437$353
23 years$1,119$874$675$516$392$313
24 years$1,061$819$624$471$352$278
25 years$1,008$768$578$430$317$247
26 years$959$722$536$393$286$220
27 years$914$680$498$360$257$196
28 years$871$640$463$330$232$174
29 years$832$604$431$302$210$155
30 years$796$571$401$278$190$139
31 years$762$539$374$255$171$124
32 years$730$510$349$234$155$110
33 years$700$483$326$215$140$99
34 years$672$458$304$198$127$88
35 years$646$434$285$182$115$79
36 years$621$412$266$168$104$70
37 years$598$392$249$155$94$63
38 years$575$372$233$143$86$56
39 years$554$354$219$132$78$50
40 years$535$337$205$121$70$45
41 years$516$321$192$112$64$40
42 years$498$305$180$103$58$36
43 years$481$291$169$95$53$32
44 years$465$277$159$88$48$29
45 years$449$264$149$81$43$26
46 years$434$252$140$75$39$23
47 years$420$241$132$69$36$21
48 years$407$230$124$64$32$19
49 years$394$219$116$59$29$17
50 years$382$210$109$55$27$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $391,000, adding $5,788 every year, while hoping to spend $26,856 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: 59/23/18 Blend
58$391,000$391,000$391,000$391,000
59$436,852$416,129$410,069$460,255
60$452,837$407,945$395,232$468,589
61$469,551$398,460$378,997$474,218
62$487,042$387,581$361,290$479,743
63$505,360$375,212$342,033$485,160
64$524,558$361,248$321,142$490,464
65$544,695$345,582$298,533$495,650
66$565,835$328,097$274,115$500,715
67$588,048$308,670$247,795$505,658
68$611,407$287,174$219,475$510,478
69$635,996$263,471$189,052$515,176
70$661,903$237,416$156,421$519,755
71$689,225$208,857$121,469$524,222
72$718,067$177,633$84,080$528,584
73$748,546$143,573$44,132$532,853
74$780,787$106,497$1,499$537,043
75$814,926$66,214$0$541,173
76$851,114$22,525$0$553,718
77$889,516$0$0$567,111
78$930,309$0$0$587,399
79$973,690$0$0$615,054
80$1,019,873$0$0$644,514
81$1,069,094$0$0$675,931
82$1,121,608$0$0$709,471
83$1,177,698$0$0$745,317
84$1,237,673$0$0$783,668
85$1,301,870$0$0$824,745
86$1,370,661$0$0$868,788
87$1,444,452$0$0$916,060
88$1,523,691$0$0$966,852
89$1,608,867$0$0$1,021,481
90$1,700,518$0$0$1,080,297
91$1,799,235$0$0$1,143,683
92$1,905,668$0$0$1,212,060
93$2,020,528$0$0$1,285,890
94$2,144,599$0$0$1,365,683
95$2,278,742$0$0$1,451,996
96$2,423,903$0$0$1,545,444
97$2,581,120$0$0$1,646,702
98$2,751,538$0$0$1,756,512
99$2,936,414$0$0$1,875,692
100$3,137,130$0$0$2,005,138