Can I retire at age 58 with 278,000?

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 $278,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$22,957$22,752$22,553$22,358$22,168$22,038
2 years$11,365$11,153$10,948$10,749$10,556$10,425
3 years$7,501$7,289$7,084$6,887$6,697$6,569
4 years$5,570$5,358$5,155$4,962$4,777$4,652
5 years$4,411$4,201$4,001$3,811$3,631$3,511
6 years$3,639$3,430$3,233$3,048$2,873$2,757
7 years$3,088$2,881$2,687$2,506$2,337$2,225
8 years$2,675$2,469$2,279$2,102$1,938$1,831
9 years$2,353$2,150$1,963$1,790$1,632$1,530
10 years$2,097$1,895$1,711$1,543$1,391$1,293
11 years$1,887$1,687$1,506$1,343$1,196$1,102
12 years$1,712$1,514$1,337$1,178$1,037$947
13 years$1,564$1,368$1,194$1,040$904$819
14 years$1,437$1,244$1,073$923$792$711
15 years$1,327$1,136$969$823$698$620
16 years$1,232$1,043$878$737$617$543
17 years$1,147$960$799$662$547$477
18 years$1,072$887$730$597$486$420
19 years$1,005$822$668$539$433$371
20 years$945$764$613$489$387$328
21 years$890$712$564$443$346$290
22 years$841$664$520$403$310$258
23 years$796$621$480$367$279$229
24 years$755$582$444$335$250$204
25 years$717$546$411$306$225$181
26 years$682$513$381$280$203$161
27 years$650$483$354$256$183$144
28 years$620$455$329$235$165$129
29 years$592$430$306$215$149$115
30 years$566$406$285$197$135$103
31 years$542$384$266$181$122$92
32 years$519$363$248$167$110$82
33 years$498$344$232$153$100$73
34 years$478$326$216$141$90$66
35 years$459$309$202$130$82$59
36 years$442$293$189$119$74$53
37 years$425$278$177$110$67$47
38 years$409$265$166$101$61$42
39 years$394$252$155$94$55$38
40 years$380$239$146$86$50$34
41 years$367$228$137$80$45$30
42 years$354$217$128$73$41$27
43 years$342$207$120$68$37$24
44 years$330$197$113$63$34$22
45 years$319$188$106$58$31$20
46 years$309$179$100$53$28$18
47 years$299$171$94$49$25$16
48 years$289$163$88$46$23$14
49 years$280$156$83$42$21$13
50 years$271$149$78$39$19$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $278,000, adding $5,237 every year, while hoping to spend $20,159 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: 65/26/9 Blend
57$278,000$278,000$278,000$278,000
58$311,758$297,024$292,715$331,106
59$322,108$290,129$281,072$337,760
60$332,839$282,221$268,363$342,162
61$343,967$273,228$254,532$346,451
62$355,511$263,076$239,518$350,614
63$367,491$251,684$223,260$354,637
64$379,928$238,970$205,692$358,507
65$392,845$224,844$186,747$362,209
66$406,265$209,211$166,353$365,728
67$420,215$191,974$144,437$369,049
68$434,722$173,025$120,921$372,156
69$449,815$152,255$95,723$375,033
70$465,527$129,546$68,760$377,661
71$481,891$104,774$39,944$380,024
72$498,944$77,808$9,182$382,103
73$516,725$48,509$0$383,880
74$535,276$16,732$0$387,607
75$554,644$0$0$392,084
76$574,878$0$0$401,475
77$596,031$0$0$416,302
78$618,160$0$0$431,819
79$641,329$0$0$448,069
80$665,605$0$0$465,102
81$691,061$0$0$482,968
82$717,777$0$0$501,726
83$745,839$0$0$521,435
84$775,342$0$0$542,164
85$806,386$0$0$563,985
86$839,084$0$0$586,977
87$873,555$0$0$611,226
88$909,933$0$0$636,827
89$948,361$0$0$663,882
90$988,995$0$0$692,502
91$1,032,006$0$0$722,809
92$1,077,582$0$0$754,938
93$1,125,927$0$0$789,034
94$1,177,263$0$0$825,256
95$1,231,835$0$0$863,778
96$1,289,910$0$0$904,792
97$1,351,779$0$0$948,505
98$1,417,764$0$0$995,148
99$1,488,215$0$0$1,044,969
100$1,563,516$0$0$1,098,244