Can I retire at age 59 with 364,000?

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 $364,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$30,059$29,791$29,530$29,275$29,026$28,085
2 years$14,881$14,603$14,335$14,074$13,822$12,883
3 years$9,822$9,544$9,276$9,018$8,769$7,862
4 years$7,293$7,015$6,750$6,497$6,254$5,385
5 years$5,776$5,500$5,238$4,990$4,754$3,926
6 years$4,765$4,491$4,233$3,991$3,762$2,975
7 years$4,043$3,772$3,518$3,281$3,059$2,313
8 years$3,502$3,233$2,984$2,752$2,538$1,832
9 years$3,081$2,815$2,570$2,344$2,137$1,472
10 years$2,745$2,481$2,240$2,021$1,821$1,194
11 years$2,470$2,209$1,972$1,759$1,566$977
12 years$2,241$1,983$1,750$1,543$1,357$804
13 years$2,048$1,792$1,564$1,362$1,184$665
14 years$1,882$1,629$1,405$1,209$1,038$553
15 years$1,738$1,488$1,269$1,078$914$461
16 years$1,613$1,365$1,150$965$807$385
17 years$1,502$1,257$1,047$867$716$323
18 years$1,404$1,162$955$782$637$271
19 years$1,316$1,077$875$706$567$228
20 years$1,237$1,000$803$640$507$192
21 years$1,166$932$738$581$454$161
22 years$1,101$870$681$528$407$136
23 years$1,042$814$628$481$365$115
24 years$988$762$581$438$328$97
25 years$938$715$538$400$295$82
26 years$893$672$499$366$266$69
27 years$850$633$464$335$240$59
28 years$811$596$431$307$216$50
29 years$775$562$401$282$195$42
30 years$741$531$374$258$176$36
31 years$709$502$348$237$160$30
32 years$680$475$325$218$144$25
33 years$652$450$303$201$131$22
34 years$626$426$283$185$118$18
35 years$601$404$265$170$107$15
36 years$578$384$248$156$97$13
37 years$556$365$232$144$88$11
38 years$536$347$217$133$80$9
39 years$516$330$204$123$72$8
40 years$498$314$191$113$66$7
41 years$480$298$179$104$59$6
42 years$463$284$168$96$54$5
43 years$448$271$157$89$49$4
44 years$432$258$148$82$44$3
45 years$418$246$139$76$40$3
46 years$404$235$130$70$37$2
47 years$391$224$122$65$33$2
48 years$379$214$115$60$30$2
49 years$367$204$108$55$27$2
50 years$355$195$102$51$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $364,000, adding $4,471 every year, while hoping to spend $21,370 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: 41/32/27 Blend
58$364,000$364,000$364,000$364,000
59$405,740$386,448$380,806$418,999
60$424,388$382,646$370,825$425,184
61$444,222$377,942$359,794$429,535
62$465,340$372,269$347,655$433,834
63$487,850$365,555$334,347$438,088
64$511,870$357,727$319,807$442,308
65$537,529$348,704$303,969$446,507
66$564,969$338,403$286,764$450,702
67$594,345$326,734$268,120$454,912
68$625,828$313,603$247,961$459,163
69$659,604$298,911$226,209$463,484
70$695,878$282,553$202,782$467,908
71$734,876$264,416$177,593$472,476
72$776,844$244,383$150,553$477,235
73$822,054$222,329$121,569$482,239
74$870,803$198,123$90,541$487,553
75$923,418$171,625$57,368$493,247
76$980,260$142,688$21,943$499,407
77$1,041,724$111,157$0$506,127
78$1,108,243$76,867$0$518,085
79$1,180,296$39,645$0$537,880
80$1,258,407$0$0$559,357
81$1,343,153$0$0$582,957
82$1,435,170$0$0$623,779
83$1,535,156$0$0$668,178
84$1,643,878$0$0$716,499
85$1,762,183$0$0$769,125
86$1,890,999$0$0$826,474
87$2,031,350$0$0$889,008
88$2,184,363$0$0$957,235
89$2,351,275$0$0$1,031,714
90$2,533,453$0$0$1,113,061
91$2,732,396$0$0$1,201,952
92$2,949,758$0$0$1,299,133
93$3,187,359$0$0$1,405,427
94$3,447,203$0$0$1,521,737
95$3,731,494$0$0$1,649,058
96$4,042,662$0$0$1,788,488
97$4,383,382$0$0$1,941,233
98$4,756,599$0$0$2,108,623
99$5,165,557$0$0$2,292,122
100$5,613,827$0$0$2,493,344