Can I retire at age 59 with 395,000?

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 $395,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$32,619$32,328$32,045$31,768$31,498$30,749
2 years$16,148$15,847$15,556$15,273$14,999$14,249
3 years$10,658$10,356$10,066$9,786$9,516$8,788
4 years$7,914$7,613$7,325$7,050$6,787$6,087
5 years$6,268$5,969$5,685$5,415$5,159$4,489
6 years$5,171$4,874$4,594$4,330$4,082$3,442
7 years$4,388$4,093$3,818$3,560$3,320$2,711
8 years$3,800$3,509$3,238$2,987$2,754$2,175
9 years$3,344$3,055$2,789$2,544$2,320$1,770
10 years$2,979$2,693$2,431$2,193$1,976$1,456
11 years$2,681$2,397$2,140$1,909$1,700$1,208
12 years$2,432$2,152$1,900$1,674$1,473$1,009
13 years$2,222$1,944$1,697$1,478$1,284$847
14 years$2,042$1,767$1,525$1,312$1,126$715
15 years$1,886$1,615$1,377$1,170$991$605
16 years$1,750$1,481$1,248$1,048$876$514
17 years$1,630$1,364$1,136$941$777$437
18 years$1,523$1,261$1,037$848$691$373
19 years$1,428$1,168$949$766$616$319
20 years$1,342$1,086$871$694$550$273
21 years$1,265$1,011$801$630$492$234
22 years$1,195$944$738$573$441$201
23 years$1,131$883$682$522$396$172
24 years$1,072$827$631$476$356$148
25 years$1,018$776$584$435$320$127
26 years$969$730$542$397$288$110
27 years$923$687$503$364$260$94
28 years$880$647$468$333$235$81
29 years$841$610$435$306$212$70
30 years$804$576$405$280$191$60
31 years$770$545$378$258$173$52
32 years$738$516$353$237$157$45
33 years$707$488$329$218$142$39
34 years$679$463$308$200$128$33
35 years$652$439$288$184$116$29
36 years$627$417$269$170$105$25
37 years$604$396$252$156$95$21
38 years$581$376$236$144$87$19
39 years$560$358$221$133$78$16
40 years$540$340$207$123$71$14
41 years$521$324$194$113$65$12
42 years$503$308$182$104$59$10
43 years$486$294$171$96$53$9
44 years$469$280$160$89$48$8
45 years$454$267$151$82$44$7
46 years$439$255$141$76$40$6
47 years$425$243$133$70$36$5
48 years$411$232$125$65$33$4
49 years$398$222$117$60$30$4
50 years$386$212$110$55$27$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $395,000, adding $2,062 every year, while hoping to spend $32,290 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: 71/23/6 Blend
58$395,000$395,000$395,000$395,000
59$437,417$416,482$410,359$467,992
60$447,677$402,533$389,750$474,504
61$457,902$386,819$367,368$477,417
62$468,053$369,218$343,120$479,705
63$478,088$349,603$316,908$481,297
64$487,959$327,840$288,631$482,118
65$497,611$303,785$258,181$482,083
66$506,985$277,287$225,447$481,103
67$516,011$248,188$190,313$479,077
68$524,612$216,318$152,657$475,898
69$532,705$181,499$112,353$471,449
70$540,192$143,544$69,268$465,600
71$546,967$102,253$23,264$458,212
72$552,911$57,417$0$449,133
73$557,891$8,813$0$439,849
74$561,759$0$0$430,222
75$564,351$0$0$429,656
76$565,484$0$0$430,168
77$564,955$0$0$429,368
78$562,539$0$0$427,078
79$557,985$0$0$423,103
80$551,016$0$0$417,226
81$541,323$0$0$409,205
82$528,566$0$0$398,772
83$512,367$0$0$385,631
84$492,307$0$0$369,455
85$467,923$0$0$349,881
86$438,701$0$0$326,506
87$404,075$0$0$298,886
88$363,417$0$0$266,530
89$316,033$0$0$228,895
90$261,155$0$0$185,379
91$197,935$0$0$135,317
92$125,437$0$0$77,977
93$42,624$0$0$12,548
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0