Can I retire at age 59 with 335,000?

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 $335,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$27,664$27,418$27,177$26,943$26,713$26,271
2 years$13,695$13,440$13,193$12,953$12,721$12,276
3 years$9,039$8,783$8,537$8,299$8,071$7,638
4 years$6,712$6,457$6,212$5,979$5,756$5,338
5 years$5,316$5,062$4,821$4,593$4,376$3,974
6 years$4,385$4,134$3,896$3,673$3,462$3,078
7 years$3,721$3,471$3,238$3,020$2,816$2,448
8 years$3,223$2,976$2,746$2,533$2,336$1,985
9 years$2,836$2,591$2,365$2,158$1,967$1,633
10 years$2,526$2,284$2,062$1,860$1,676$1,359
11 years$2,273$2,033$1,815$1,619$1,442$1,140
12 years$2,063$1,825$1,611$1,420$1,249$963
13 years$1,884$1,649$1,439$1,253$1,089$819
14 years$1,732$1,499$1,293$1,113$955$699
15 years$1,600$1,369$1,168$992$841$599
16 years$1,484$1,256$1,059$888$743$515
17 years$1,382$1,157$963$798$659$444
18 years$1,292$1,069$879$719$586$384
19 years$1,211$991$805$650$522$333
20 years$1,139$921$739$589$466$289
21 years$1,073$858$680$534$417$251
22 years$1,013$801$626$486$374$218
23 years$959$749$578$442$336$190
24 years$909$702$535$404$302$166
25 years$864$658$495$369$272$144
26 years$822$619$459$337$245$126
27 years$783$582$427$308$221$110
28 years$747$549$397$283$199$96
29 years$713$518$369$259$180$84
30 years$682$489$344$238$162$74
31 years$653$462$320$218$147$64
32 years$625$437$299$201$133$56
33 years$600$414$279$185$120$49
34 years$576$392$261$170$109$43
35 years$553$372$244$156$99$38
36 years$532$353$228$144$89$33
37 years$512$336$214$133$81$29
38 years$493$319$200$122$73$25
39 years$475$303$187$113$67$22
40 years$458$289$176$104$60$20
41 years$442$275$165$96$55$17
42 years$427$262$154$89$50$15
43 years$412$249$145$82$45$13
44 years$398$238$136$75$41$12
45 years$385$227$128$70$37$10
46 years$372$216$120$64$34$9
47 years$360$206$113$59$31$8
48 years$349$197$106$55$28$7
49 years$338$188$100$51$25$6
50 years$327$180$94$47$23$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $335,000, adding $6,370 every year, while hoping to spend $28,133 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: 38/45/17 Blend
58$335,000$335,000$335,000$335,000
59$375,741$357,986$352,793$387,879
60$384,133$345,594$334,678$384,789
61$392,438$331,652$315,014$378,293
62$400,618$316,054$293,718$370,679
63$408,629$298,688$270,706$361,860
64$416,423$279,437$245,887$351,744
65$423,943$258,175$219,170$340,234
66$431,130$234,770$190,457$327,224
67$437,914$209,083$159,646$312,601
68$444,219$180,966$126,632$296,246
69$449,958$150,262$91,303$278,029
70$455,036$116,807$53,544$257,812
71$459,347$80,427$13,235$235,447
72$462,771$40,939$0$210,776
73$465,176$0$0$189,031
74$466,415$0$0$168,458
75$466,325$0$0$167,574
76$464,724$0$0$166,031
77$461,412$0$0$163,744
78$456,164$0$0$160,617
79$448,733$0$0$156,548
80$438,844$0$0$151,419
81$426,194$0$0$145,102
82$410,444$0$0$137,456
83$391,223$0$0$128,322
84$368,116$0$0$117,528
85$340,669$0$0$104,880
86$308,374$0$0$90,166
87$270,673$0$0$73,151
88$226,948$0$0$53,575
89$176,516$0$0$31,150
90$118,623$0$0$5,559
91$52,433$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0