Can I retire at age 59 with 381,000?

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 $381,000?

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$31,463$31,182$30,909$30,642$30,381$29,878
2 years$15,576$15,285$15,004$14,732$14,467$13,962
3 years$10,281$9,989$9,709$9,439$9,179$8,687
4 years$7,634$7,343$7,066$6,800$6,546$6,071
5 years$6,046$5,757$5,483$5,223$4,976$4,520
6 years$4,988$4,701$4,431$4,177$3,938$3,500
7 years$4,232$3,948$3,682$3,434$3,202$2,784
8 years$3,666$3,384$3,123$2,881$2,657$2,258
9 years$3,225$2,947$2,690$2,454$2,237$1,857
10 years$2,873$2,597$2,345$2,115$1,906$1,545
11 years$2,586$2,312$2,064$1,841$1,639$1,297
12 years$2,346$2,075$1,832$1,615$1,421$1,096
13 years$2,143$1,875$1,637$1,426$1,239$931
14 years$1,970$1,705$1,471$1,265$1,086$795
15 years$1,819$1,557$1,328$1,129$956$681
16 years$1,688$1,429$1,204$1,010$845$586
17 years$1,572$1,316$1,096$908$749$505
18 years$1,469$1,216$1,000$818$666$437
19 years$1,377$1,127$916$739$594$378
20 years$1,295$1,047$840$670$530$328
21 years$1,220$975$773$608$475$285
22 years$1,153$910$712$553$425$248
23 years$1,091$852$658$503$382$216
24 years$1,034$798$608$459$343$188
25 years$982$749$563$419$309$164
26 years$934$704$522$383$278$143
27 years$890$662$485$351$251$125
28 years$849$624$451$321$226$109
29 years$811$589$420$295$204$96
30 years$776$556$391$270$185$84
31 years$742$526$364$248$167$73
32 years$711$497$340$228$151$64
33 years$682$471$318$210$137$56
34 years$655$446$297$193$124$49
35 years$629$423$277$178$112$43
36 years$605$402$259$164$102$38
37 years$582$382$243$151$92$33
38 years$561$363$227$139$83$29
39 years$540$345$213$128$76$25
40 years$521$328$200$118$69$22
41 years$503$312$187$109$62$20
42 years$485$297$176$101$57$17
43 years$468$283$165$93$51$15
44 years$453$270$155$86$47$13
45 years$438$258$145$79$42$12
46 years$423$246$136$73$38$10
47 years$410$235$128$68$35$9
48 years$396$224$120$63$32$8
49 years$384$214$113$58$29$7
50 years$372$204$106$53$26$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $381,000, adding $2,021 every year, while hoping to spend $30,092 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: 41/48/11 Blend
58$381,000$381,000$381,000$381,000
59$421,947$401,754$395,848$437,793
60$432,968$389,422$377,091$436,785
61$444,104$375,477$356,698$432,546
62$455,336$359,809$334,581$427,289
63$466,641$342,300$310,649$420,934
64$477,992$322,826$284,810$413,396
65$489,358$301,257$256,962$404,584
66$500,707$277,452$227,005$394,401
67$511,998$251,267$194,828$382,744
68$523,188$222,545$160,321$369,501
69$534,227$191,123$123,366$354,555
70$545,058$156,828$83,838$337,779
71$555,619$119,477$41,612$319,038
72$565,838$78,878$0$298,188
73$575,637$34,826$0$275,480
74$584,925$0$0$255,581
75$593,605$0$0$240,254
76$601,563$0$0$242,970
77$608,676$0$0$245,276
78$614,807$0$0$247,109
79$619,800$0$0$248,399
80$623,484$0$0$249,067
81$625,669$0$0$249,026
82$626,142$0$0$248,179
83$624,669$0$0$246,419
84$620,986$0$0$243,627
85$614,805$0$0$239,671
86$605,804$0$0$234,403
87$593,625$0$0$227,662
88$577,874$0$0$219,269
89$558,113$0$0$209,023
90$533,857$0$0$196,704
91$504,570$0$0$182,070
92$469,658$0$0$164,850
93$428,464$0$0$144,746
94$380,261$0$0$121,429
95$324,247$0$0$94,533
96$259,533$0$0$63,657
97$185,138$0$0$28,356
98$99,977$0$0$0
99$2,853$0$0$0
100$0$0$0$0