Can I retire at age 59 with 352,000?

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 $352,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$29,068$28,809$28,556$28,310$28,069$27,457
2 years$14,390$14,122$13,862$13,610$13,366$12,753
3 years$9,498$9,229$8,970$8,720$8,480$7,885
4 years$7,053$6,784$6,528$6,283$6,048$5,475
5 years$5,586$5,319$5,066$4,826$4,598$4,048
6 years$4,608$4,343$4,094$3,859$3,638$3,113
7 years$3,910$3,647$3,402$3,173$2,959$2,458
8 years$3,387$3,127$2,885$2,662$2,454$1,978
9 years$2,980$2,722$2,485$2,267$2,067$1,615
10 years$2,655$2,400$2,167$1,954$1,761$1,333
11 years$2,389$2,136$1,907$1,701$1,515$1,109
12 years$2,167$1,917$1,693$1,492$1,313$929
13 years$1,980$1,733$1,512$1,317$1,145$783
14 years$1,820$1,575$1,359$1,169$1,003$663
15 years$1,681$1,439$1,227$1,043$883$563
16 years$1,559$1,320$1,112$934$781$480
17 years$1,453$1,216$1,012$839$692$410
18 years$1,358$1,123$924$756$616$351
19 years$1,273$1,041$846$683$549$301
20 years$1,196$967$776$619$490$259
21 years$1,127$901$714$561$439$223
22 years$1,065$841$658$510$393$192
23 years$1,008$787$608$465$353$165
24 years$955$737$562$424$317$143
25 years$908$692$520$387$285$123
26 years$863$650$483$354$257$106
27 years$822$612$448$324$232$92
28 years$785$577$417$297$209$79
29 years$749$544$388$272$189$69
30 years$717$514$361$250$171$60
31 years$686$486$337$230$154$52
32 years$657$459$314$211$140$45
33 years$630$435$293$194$126$39
34 years$605$412$274$178$114$33
35 years$581$391$256$164$104$29
36 years$559$371$240$151$94$25
37 years$538$353$224$139$85$22
38 years$518$335$210$128$77$19
39 years$499$319$197$118$70$16
40 years$481$303$185$109$63$14
41 years$464$289$173$101$58$12
42 years$448$275$162$93$52$11
43 years$433$262$152$86$47$9
44 years$418$250$143$79$43$8
45 years$404$238$134$73$39$7
46 years$391$227$126$68$35$6
47 years$378$217$118$63$32$5
48 years$366$207$111$58$29$5
49 years$355$198$105$53$27$4
50 years$344$189$98$49$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $352,000, adding $5,693 every year, while hoping to spend $27,934 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: 66/23/11 Blend
58$352,000$352,000$352,000$352,000
59$393,776$375,120$369,664$418,449
60$404,220$363,780$352,327$424,266
61$414,793$350,947$333,472$426,793
62$425,478$336,520$313,019$428,838
63$436,257$320,390$290,886$430,352
64$447,108$302,442$266,983$431,281
65$458,006$282,554$241,220$431,568
66$468,922$260,599$213,501$431,149
67$479,824$236,440$183,725$429,957
68$490,675$209,935$151,789$427,919
69$501,433$180,930$117,582$424,955
70$512,050$149,267$80,993$420,980
71$522,474$114,776$41,900$415,901
72$532,644$77,278$182$409,616
73$542,493$36,583$0$402,017
74$551,945$0$0$398,189
75$560,917$0$0$395,061
76$569,312$0$0$400,760
77$577,026$0$0$405,952
78$583,941$0$0$410,549
79$589,925$0$0$414,455
80$594,832$0$0$417,563
81$598,498$0$0$419,755
82$600,742$0$0$420,898
83$601,363$0$0$420,844
84$600,137$0$0$419,432
85$596,815$0$0$416,478
86$591,121$0$0$411,782
87$582,750$0$0$405,122
88$571,362$0$0$396,249
89$556,581$0$0$384,890
90$537,990$0$0$370,742
91$515,130$0$0$353,468
92$487,490$0$0$332,696
93$454,504$0$0$308,017
94$415,548$0$0$278,973
95$369,932$0$0$245,062
96$316,890$0$0$205,728
97$255,579$0$0$160,356
98$185,065$0$0$108,265
99$104,316$0$0$48,705
100$12,192$0$0$0