Can I retire at age 59 with 311,000?

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 $311,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$25,682$25,453$25,230$25,012$24,800$23,929
2 years$12,714$12,477$12,248$12,025$11,809$10,942
3 years$8,392$8,154$7,925$7,705$7,492$6,654
4 years$6,231$5,994$5,767$5,551$5,344$4,542
5 years$4,935$4,699$4,476$4,264$4,062$3,299
6 years$4,071$3,837$3,617$3,410$3,214$2,490
7 years$3,455$3,223$3,006$2,803$2,614$1,929
8 years$2,992$2,762$2,549$2,352$2,169$1,522
9 years$2,633$2,405$2,196$2,003$1,826$1,217
10 years$2,345$2,120$1,914$1,727$1,556$983
11 years$2,111$1,887$1,685$1,503$1,338$800
12 years$1,915$1,694$1,496$1,318$1,160$656
13 years$1,749$1,531$1,336$1,164$1,011$540
14 years$1,608$1,392$1,201$1,033$886$446
15 years$1,485$1,271$1,084$921$781$370
16 years$1,378$1,166$983$825$690$308
17 years$1,283$1,074$894$741$612$257
18 years$1,199$993$816$668$544$214
19 years$1,124$920$747$603$485$179
20 years$1,057$855$686$547$433$150
21 years$996$796$631$496$387$126
22 years$941$743$581$451$347$105
23 years$890$695$537$411$312$88
24 years$844$651$497$375$280$74
25 years$802$611$460$342$252$62
26 years$763$574$426$313$227$52
27 years$727$541$396$286$205$44
28 years$693$509$368$262$185$37
29 years$662$481$343$241$167$31
30 years$633$454$319$221$151$26
31 years$606$429$298$203$136$22
32 years$581$406$278$186$123$19
33 years$557$384$259$171$112$16
34 years$535$364$242$158$101$13
35 years$514$346$226$145$92$11
36 years$494$328$212$134$83$9
37 years$475$312$198$123$75$8
38 years$458$296$186$114$68$7
39 years$441$282$174$105$62$6
40 years$425$268$163$97$56$5
41 years$410$255$153$89$51$4
42 years$396$243$143$82$46$3
43 years$382$231$135$76$42$3
44 years$370$221$126$70$38$2
45 years$357$210$119$65$34$2
46 years$346$201$111$60$31$2
47 years$334$191$105$55$28$1
48 years$324$183$98$51$26$1
49 years$313$175$92$47$23$1
50 years$304$167$87$44$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $311,000, adding $3,691 every year, while hoping to spend $24,176 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: 36/38/26 Blend
58$311,000$311,000$311,000$311,000
59$346,529$330,046$325,226$356,186
60$356,152$320,495$310,398$354,103
61$365,946$309,666$294,263$349,388
62$375,904$297,471$276,751$343,825
63$386,015$283,816$257,791$337,354
64$396,268$268,602$237,307$329,909
65$406,649$251,726$215,219$321,424
66$417,143$233,076$191,444$311,825
67$427,732$212,537$165,898$301,037
68$438,393$189,984$138,488$288,976
69$449,104$165,288$109,123$275,556
70$459,837$138,311$77,702$260,686
71$470,559$108,907$44,123$244,266
72$481,235$76,922$8,281$226,194
73$491,824$42,195$0$206,357
74$502,281$4,553$0$192,953
75$512,553$0$0$180,534
76$522,583$0$0$181,830
77$532,305$0$0$184,884
78$541,646$0$0$187,762
79$550,524$0$0$190,430
80$558,847$0$0$192,850
81$566,512$0$0$194,982
82$573,404$0$0$196,779
83$579,397$0$0$198,189
84$584,347$0$0$199,156
85$588,096$0$0$199,614
86$590,469$0$0$199,494
87$591,269$0$0$198,716
88$590,278$0$0$197,194
89$587,255$0$0$194,830
90$581,932$0$0$191,517
91$574,012$0$0$187,135
92$563,165$0$0$181,553
93$549,025$0$0$174,625
94$531,188$0$0$166,188
95$509,206$0$0$156,064
96$482,582$0$0$144,055
97$450,768$0$0$129,941
98$413,157$0$0$113,479
99$369,076$0$0$94,403
100$317,783$0$0$72,416