Can I retire at age 59 with 399,000?

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 $399,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$32,949$32,656$32,369$32,090$31,817$30,774
2 years$16,311$16,008$15,713$15,428$15,151$14,110
3 years$10,766$10,461$10,167$9,885$9,612$8,606
4 years$7,994$7,690$7,399$7,121$6,856$5,892
5 years$6,331$6,029$5,742$5,470$5,212$4,293
6 years$5,223$4,923$4,641$4,374$4,124$3,251
7 years$4,432$4,135$3,856$3,596$3,354$2,527
8 years$3,839$3,544$3,270$3,017$2,782$2,000
9 years$3,378$3,086$2,817$2,570$2,343$1,605
10 years$3,009$2,720$2,456$2,215$1,996$1,302
11 years$2,708$2,421$2,162$1,928$1,717$1,064
12 years$2,457$2,173$1,919$1,691$1,488$876
13 years$2,244$1,964$1,714$1,493$1,297$724
14 years$2,063$1,785$1,540$1,325$1,137$601
15 years$1,905$1,631$1,391$1,182$1,001$501
16 years$1,768$1,496$1,261$1,058$885$418
17 years$1,646$1,378$1,147$951$785$350
18 years$1,539$1,273$1,047$857$698$294
19 years$1,443$1,180$959$774$622$247
20 years$1,356$1,097$880$701$556$207
21 years$1,278$1,021$809$636$497$175
22 years$1,207$954$746$579$446$147
23 years$1,142$892$689$527$400$124
24 years$1,083$836$637$481$360$105
25 years$1,029$784$590$439$324$88
26 years$979$737$547$401$291$75
27 years$932$694$508$367$263$63
28 years$889$654$472$337$237$53
29 years$849$617$440$309$214$45
30 years$812$582$409$283$193$38
31 years$777$550$382$260$175$32
32 years$745$521$356$239$158$27
33 years$715$493$333$220$143$23
34 years$686$467$311$202$130$20
35 years$659$443$290$186$117$17
36 years$634$421$272$172$106$14
37 years$610$400$254$158$96$12
38 years$587$380$238$146$87$10
39 years$566$361$223$134$79$8
40 years$545$344$209$124$72$7
41 years$526$327$196$114$65$6
42 years$508$312$184$105$59$5
43 years$491$297$173$97$54$4
44 years$474$283$162$90$49$4
45 years$458$270$152$83$44$3
46 years$443$257$143$77$40$3
47 years$429$246$134$71$36$2
48 years$415$234$126$65$33$2
49 years$402$224$119$61$30$2
50 years$390$214$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 $399,000, adding $2,416 every year, while hoping to spend $26,338 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: 42/32/26 Blend
58$399,000$399,000$399,000$399,000
59$442,190$421,043$414,859$457,308
60$459,270$413,651$400,733$460,988
61$477,209$405,014$385,251$462,291
62$496,068$395,042$368,341$463,189
63$515,911$383,644$349,924$463,662
64$536,809$370,717$329,922$463,685
65$558,840$356,158$308,250$463,239
66$582,087$339,855$284,822$462,299
67$606,641$321,690$259,545$460,846
68$632,604$301,538$232,325$458,857
69$660,083$279,267$203,061$456,312
70$689,198$254,738$171,651$453,192
71$720,080$227,803$137,984$449,478
72$752,869$198,307$101,948$445,153
73$787,722$166,085$63,424$440,203
74$824,810$130,962$22,288$434,614
75$864,317$92,757$0$428,376
76$906,449$51,273$0$427,478
77$951,428$6,307$0$432,910
78$999,499$0$0$438,522
79$1,050,931$0$0$459,277
80$1,106,018$0$0$483,919
81$1,165,083$0$0$510,375
82$1,228,478$0$0$538,807
83$1,296,594$0$0$569,396
84$1,369,856$0$0$602,337
85$1,448,732$0$0$637,846
86$1,533,737$0$0$676,160
87$1,625,436$0$0$717,540
88$1,724,448$0$0$762,271
89$1,831,457$0$0$810,669
90$1,947,209$0$0$863,078
91$2,072,531$0$0$919,880
92$2,208,327$0$0$981,491
93$2,355,592$0$0$1,048,372
94$2,515,422$0$0$1,121,028
95$2,689,020$0$0$1,200,016
96$2,877,712$0$0$1,285,946
97$3,082,955$0$0$1,379,492
98$3,306,351$0$0$1,481,395
99$3,549,665$0$0$1,592,469
100$3,814,838$0$0$1,713,613