Can I retire at age 59 with 398,000?

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 $398,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$32,866$32,574$32,288$32,009$31,737$31,289
2 years$16,271$15,968$15,674$15,389$15,113$14,662
3 years$10,739$10,435$10,142$9,860$9,588$9,149
4 years$7,974$7,671$7,381$7,104$6,838$6,414
5 years$6,316$6,014$5,728$5,456$5,198$4,790
6 years$5,210$4,911$4,629$4,363$4,113$3,722
7 years$4,421$4,124$3,847$3,587$3,345$2,970
8 years$3,829$3,535$3,262$3,009$2,775$2,417
9 years$3,369$3,078$2,810$2,563$2,337$1,995
10 years$3,002$2,713$2,450$2,210$1,991$1,666
11 years$2,701$2,415$2,157$1,923$1,713$1,403
12 years$2,451$2,168$1,914$1,687$1,484$1,190
13 years$2,239$1,959$1,710$1,489$1,294$1,016
14 years$2,058$1,781$1,536$1,322$1,134$871
15 years$1,901$1,627$1,387$1,179$999$749
16 years$1,763$1,493$1,258$1,056$883$647
17 years$1,642$1,375$1,144$948$783$560
18 years$1,535$1,270$1,045$855$696$487
19 years$1,439$1,177$956$772$620$423
20 years$1,353$1,094$878$699$554$369
21 years$1,275$1,019$807$635$496$322
22 years$1,204$951$744$577$444$281
23 years$1,139$890$687$526$399$246
24 years$1,080$833$635$479$359$216
25 years$1,026$782$589$438$323$189
26 years$976$735$546$400$291$166
27 years$930$692$507$366$262$145
28 years$887$652$471$336$236$128
29 years$847$615$438$308$214$112
30 years$810$581$408$283$193$99
31 years$776$549$381$260$174$87
32 years$743$520$355$238$158$76
33 years$713$492$332$219$143$67
34 years$684$466$310$202$129$59
35 years$657$442$290$186$117$52
36 years$632$420$271$171$106$46
37 years$608$399$254$158$96$40
38 years$586$379$238$145$87$36
39 years$564$360$223$134$79$31
40 years$544$343$209$124$72$28
41 years$525$326$196$114$65$24
42 years$507$311$184$105$59$21
43 years$489$296$172$97$54$19
44 years$473$282$162$90$49$17
45 years$457$269$152$83$44$15
46 years$442$257$143$76$40$13
47 years$428$245$134$71$36$11
48 years$414$234$126$65$33$10
49 years$401$223$118$60$30$9
50 years$389$213$111$56$27$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $398,000, adding $6,145 every year, while hoping to spend $24,168 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: 63/10/27 Blend
58$398,000$398,000$398,000$398,000
59$444,935$423,841$417,672$469,415
60$464,603$418,894$405,949$481,787
61$485,468$412,895$393,024$492,100
62$507,626$405,767$378,830$502,840
63$531,182$397,428$363,299$514,052
64$556,251$387,791$346,358$525,789
65$582,961$376,765$327,933$538,106
66$611,449$364,252$307,945$551,068
67$641,868$350,151$286,312$564,747
68$674,382$334,353$262,948$579,222
69$709,175$316,742$237,762$594,583
70$746,447$297,198$210,663$610,931
71$786,415$275,591$181,550$628,375
72$829,320$251,786$150,324$647,041
73$875,427$225,640$116,876$667,067
74$925,025$197,000$81,095$688,606
75$978,430$165,706$42,865$711,831
76$1,035,994$131,590$2,065$736,932
77$1,098,098$94,471$0$764,121
78$1,165,165$54,161$0$805,584
79$1,237,657$10,460$0$851,043
80$1,316,084$0$0$900,236
81$1,401,003$0$0$957,581
82$1,493,030$0$0$1,020,997
83$1,592,842$0$0$1,089,802
84$1,701,182$0$0$1,164,513
85$1,818,867$0$0$1,245,695
86$1,946,797$0$0$1,333,974
87$2,085,962$0$0$1,430,036
88$2,237,450$0$0$1,534,636
89$2,402,460$0$0$1,648,606
90$2,582,310$0$0$1,772,860
91$2,778,450$0$0$1,908,404
92$2,992,478$0$0$2,056,348
93$3,226,152$0$0$2,217,910
94$3,481,407$0$0$2,394,434
95$3,760,372$0$0$2,587,397
96$4,065,393$0$0$2,798,428
97$4,399,053$0$0$3,029,318
98$4,764,194$0$0$3,282,041
99$5,163,948$0$0$3,558,769
100$5,601,761$0$0$3,861,895