Can I retire at age 59 with 317,000?

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 $317,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$26,178$25,944$25,717$25,495$25,278$24,430
2 years$12,959$12,718$12,484$12,257$12,037$11,191
3 years$8,554$8,311$8,078$7,853$7,637$6,819
4 years$6,351$6,110$5,879$5,658$5,447$4,664
5 years$5,030$4,790$4,562$4,346$4,140$3,395
6 years$4,150$3,911$3,687$3,475$3,276$2,568
7 years$3,521$3,285$3,064$2,857$2,664$1,994
8 years$3,050$2,816$2,598$2,397$2,210$1,576
9 years$2,684$2,452$2,238$2,042$1,861$1,264
10 years$2,391$2,161$1,951$1,760$1,586$1,023
11 years$2,151$1,924$1,718$1,532$1,364$836
12 years$1,952$1,727$1,524$1,343$1,182$686
13 years$1,783$1,560$1,362$1,186$1,031$567
14 years$1,639$1,418$1,224$1,053$904$470
15 years$1,514$1,296$1,105$939$796$391
16 years$1,404$1,189$1,002$841$703$326
17 years$1,308$1,095$912$755$623$272
18 years$1,223$1,012$832$681$554$228
19 years$1,146$938$762$615$494$191
20 years$1,077$871$699$557$441$161
21 years$1,015$812$643$506$395$135
22 years$959$758$593$460$354$114
23 years$908$709$547$419$318$96
24 years$860$664$506$382$286$81
25 years$817$623$469$349$257$68
26 years$777$585$435$319$232$57
27 years$741$551$404$292$209$48
28 years$707$519$375$267$188$41
29 years$675$490$349$245$170$34
30 years$645$463$325$225$154$29
31 years$618$437$303$207$139$25
32 years$592$414$283$190$126$21
33 years$568$392$264$175$114$18
34 years$545$371$247$161$103$15
35 years$524$352$231$148$93$13
36 years$503$334$216$136$85$11
37 years$484$318$202$126$77$9
38 years$466$302$189$116$69$8
39 years$449$287$177$107$63$6
40 years$433$273$166$98$57$5
41 years$418$260$156$91$52$5
42 years$404$248$146$84$47$4
43 years$390$236$137$77$43$3
44 years$377$225$129$71$39$3
45 years$364$214$121$66$35$2
46 years$352$204$114$61$32$2
47 years$341$195$107$56$29$2
48 years$330$186$100$52$26$1
49 years$319$178$94$48$24$1
50 years$310$170$89$44$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $317,000, adding $4,772 every year, while hoping to spend $25,569 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: 30/50/20 Blend
58$317,000$317,000$317,000$317,000
59$354,256$337,455$332,542$362,545
60$363,185$326,785$316,477$358,565
61$372,168$314,736$299,017$351,659
62$381,183$301,212$280,087$343,688
63$390,206$286,113$259,612$334,575
64$399,208$269,334$237,511$324,241
65$408,159$250,763$213,699$312,597
66$417,022$230,281$188,089$299,553
67$425,756$207,763$160,588$285,009
68$434,317$183,077$131,101$268,863
69$442,653$156,083$99,529$251,002
70$450,706$126,634$65,765$231,309
71$458,412$94,573$29,702$209,659
72$465,698$59,736$0$185,917
73$472,485$21,948$0$161,816
74$478,681$0$0$142,215
75$484,186$0$0$131,073
76$488,889$0$0$131,715
77$492,663$0$0$132,020
78$495,370$0$0$131,943
79$496,856$0$0$131,432
80$496,948$0$0$130,428
81$495,457$0$0$128,869
82$492,170$0$0$126,682
83$486,852$0$0$123,788
84$479,242$0$0$120,102
85$469,053$0$0$115,526
86$455,963$0$0$109,953
87$439,619$0$0$103,265
88$419,628$0$0$95,330
89$395,556$0$0$86,005
90$366,921$0$0$75,128
91$333,193$0$0$62,523
92$293,784$0$0$47,994
93$248,043$0$0$31,325
94$195,251$0$0$12,275
95$134,615$0$0$0
96$65,257$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0