Can I retire at age 59 with 396,000?

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 $396,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$32,701$32,410$32,126$31,848$31,578$30,457
2 years$16,189$15,887$15,595$15,312$15,037$13,920
3 years$10,685$10,383$10,091$9,810$9,540$8,462
4 years$7,934$7,632$7,344$7,068$6,804$5,773
5 years$6,284$5,984$5,699$5,429$5,172$4,191
6 years$5,184$4,886$4,606$4,341$4,093$3,161
7 years$4,399$4,103$3,827$3,569$3,328$2,447
8 years$3,810$3,517$3,246$2,994$2,761$1,929
9 years$3,352$3,063$2,796$2,550$2,325$1,542
10 years$2,986$2,699$2,437$2,198$1,981$1,245
11 years$2,687$2,403$2,146$1,913$1,704$1,013
12 years$2,438$2,157$1,904$1,678$1,477$829
13 years$2,228$1,949$1,701$1,482$1,288$683
14 years$2,047$1,772$1,529$1,315$1,129$564
15 years$1,891$1,619$1,380$1,173$994$467
16 years$1,754$1,485$1,251$1,050$878$388
17 years$1,634$1,368$1,139$944$779$323
18 years$1,527$1,264$1,039$850$693$270
19 years$1,432$1,171$952$768$617$225
20 years$1,346$1,088$873$696$551$189
21 years$1,268$1,014$803$632$493$158
22 years$1,198$946$740$574$442$132
23 years$1,134$885$684$523$397$111
24 years$1,075$829$632$477$357$93
25 years$1,021$778$586$436$321$78
26 years$971$731$543$398$289$66
27 years$925$688$504$365$261$55
28 years$883$649$469$334$235$46
29 years$843$612$436$306$212$39
30 years$806$578$406$281$192$33
31 years$772$546$379$258$174$28
32 years$739$517$353$237$157$23
33 years$709$490$330$218$142$20
34 years$681$464$308$201$129$16
35 years$654$440$288$185$117$14
36 years$629$418$270$170$106$12
37 years$605$397$252$157$96$10
38 years$583$377$236$145$87$8
39 years$562$358$221$133$79$7
40 years$541$341$208$123$71$6
41 years$522$325$195$113$65$5
42 years$504$309$183$105$59$4
43 years$487$295$171$97$53$3
44 years$471$281$161$89$48$3
45 years$455$268$151$82$44$2
46 years$440$255$142$76$40$2
47 years$426$244$133$70$36$2
48 years$412$233$125$65$33$1
49 years$399$222$118$60$30$1
50 years$387$212$111$56$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $396,000, adding $5,916 every year, while hoping to spend $29,534 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: 77/8/15 Blend
58$396,000$396,000$396,000$396,000
59$442,494$421,506$415,368$474,706
60$456,205$410,736$397,859$486,004
61$470,324$398,448$378,774$494,082
62$484,862$384,538$358,028$502,124
63$499,830$368,892$335,534$510,116
64$515,238$351,393$311,200$518,045
65$531,098$331,917$284,930$525,893
66$547,419$310,330$256,624$533,644
67$564,212$286,492$226,178$541,278
68$581,489$260,258$193,482$548,775
69$599,259$231,469$158,422$556,114
70$617,533$199,960$120,879$563,270
71$636,322$165,558$80,728$570,220
72$655,634$128,078$37,840$576,935
73$675,480$87,326$0$583,387
74$695,869$43,095$0$590,813
75$716,810$0$0$604,457
76$738,311$0$0$618,669
77$760,378$0$0$637,148
78$783,020$0$0$656,106
79$806,241$0$0$675,548
80$830,046$0$0$695,478
81$854,439$0$0$715,897
82$879,422$0$0$736,808
83$904,994$0$0$758,210
84$931,154$0$0$780,103
85$957,899$0$0$802,482
86$985,223$0$0$825,341
87$1,013,117$0$0$848,675
88$1,041,569$0$0$872,471
89$1,070,565$0$0$896,718
90$1,100,085$0$0$921,398
91$1,130,106$0$0$946,492
92$1,160,600$0$0$971,975
93$1,191,534$0$0$997,819
94$1,222,869$0$0$1,023,991
95$1,254,558$0$0$1,050,450
96$1,286,549$0$0$1,077,152
97$1,318,780$0$0$1,104,044
98$1,351,180$0$0$1,131,064
99$1,383,668$0$0$1,158,144
100$1,416,152$0$0$1,185,206