Can I retire at age 59 with 322,000?

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 $322,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$26,590$26,354$26,123$25,897$25,677$25,398
2 years$13,164$12,918$12,681$12,450$12,227$11,946
3 years$8,689$8,442$8,205$7,977$7,757$7,483
4 years$6,451$6,206$5,971$5,747$5,533$5,268
5 years$5,110$4,866$4,634$4,414$4,206$3,951
6 years$4,215$3,973$3,745$3,530$3,328$3,083
7 years$3,577$3,337$3,112$2,902$2,706$2,471
8 years$3,098$2,860$2,639$2,435$2,245$2,020
9 years$2,726$2,490$2,273$2,074$1,891$1,676
10 years$2,428$2,195$1,982$1,788$1,611$1,406
11 years$2,185$1,954$1,745$1,556$1,386$1,190
12 years$1,983$1,754$1,548$1,365$1,201$1,015
13 years$1,811$1,585$1,383$1,205$1,047$870
14 years$1,665$1,441$1,243$1,069$918$750
15 years$1,538$1,316$1,122$954$808$649
16 years$1,427$1,208$1,018$854$714$564
17 years$1,329$1,112$926$767$633$491
18 years$1,242$1,028$845$692$563$429
19 years$1,164$952$774$625$502$375
20 years$1,094$885$710$566$448$329
21 years$1,031$824$653$514$401$289
22 years$974$769$602$467$360$254
23 years$922$720$556$425$323$223
24 years$874$674$514$388$290$197
25 years$830$633$476$354$261$174
26 years$790$595$442$324$235$153
27 years$752$560$410$296$212$135
28 years$718$527$381$272$191$120
29 years$685$498$355$249$173$106
30 years$655$470$330$229$156$94
31 years$627$444$308$210$141$83
32 years$601$420$287$193$128$73
33 years$577$398$268$177$116$65
34 years$554$377$251$163$105$58
35 years$532$358$234$150$95$51
36 years$511$340$219$138$86$45
37 years$492$323$205$128$78$40
38 years$474$307$192$118$71$36
39 years$457$291$180$108$64$32
40 years$440$277$169$100$58$28
41 years$425$264$158$92$53$25
42 years$410$251$148$85$48$22
43 years$396$240$139$79$43$20
44 years$383$228$131$73$39$17
45 years$370$218$123$67$36$15
46 years$358$208$115$62$32$14
47 years$346$198$108$57$29$12
48 years$335$189$102$53$27$11
49 years$325$181$96$49$24$10
50 years$314$173$90$45$22$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $322,000, adding $4,551 every year, while hoping to spend $21,557 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: 42/39/19 Blend
58$322,000$322,000$322,000$322,000
59$359,538$342,472$337,481$372,466
60$373,275$336,317$325,851$375,910
61$387,690$329,138$313,108$377,191
62$402,830$320,861$299,192$378,131
63$418,746$311,410$284,042$378,709
64$435,492$300,703$267,592$378,903
65$453,128$288,654$249,772$378,693
66$471,720$275,171$230,512$378,058
67$491,337$260,156$209,737$376,975
68$512,058$243,508$187,367$375,423
69$533,967$225,119$163,323$373,382
70$557,155$204,873$137,517$370,829
71$581,723$182,650$109,862$367,746
72$607,780$158,322$80,265$364,111
73$635,448$131,753$48,627$359,906
74$664,856$102,802$14,849$355,114
75$696,148$71,316$0$349,718
76$729,482$37,137$0$348,003
77$765,029$97$0$349,150
78$802,978$0$0$350,160
79$843,535$0$0$368,212
80$886,926$0$0$387,595
81$933,400$0$0$408,384
82$983,228$0$0$430,702
83$1,036,709$0$0$454,687
84$1,094,171$0$0$480,491
85$1,155,973$0$0$508,278
86$1,222,511$0$0$538,232
87$1,294,216$0$0$570,551
88$1,371,567$0$0$605,455
89$1,455,086$0$0$643,186
90$1,545,347$0$0$684,009
91$1,642,983$0$0$728,215
92$1,748,689$0$0$776,124
93$1,863,227$0$0$828,090
94$1,987,438$0$0$884,500
95$2,122,244$0$0$945,779
96$2,268,661$0$0$1,012,398
97$2,427,806$0$0$1,084,871
98$2,600,908$0$0$1,163,767
99$2,789,318$0$0$1,249,710
100$2,994,524$0$0$1,343,386