Can I retire at age 58 with 286,000?

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 $286,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$23,618$23,407$23,202$23,002$22,806$22,530
2 years$11,692$11,474$11,263$11,058$10,860$10,583
3 years$7,717$7,498$7,288$7,085$6,890$6,619
4 years$5,730$5,512$5,304$5,105$4,914$4,652
5 years$4,538$4,322$4,116$3,921$3,736$3,484
6 years$3,744$3,529$3,326$3,135$2,956$2,714
7 years$3,177$2,964$2,764$2,578$2,404$2,172
8 years$2,752$2,540$2,344$2,162$1,994$1,773
9 years$2,421$2,212$2,019$1,842$1,679$1,468
10 years$2,157$1,950$1,760$1,588$1,431$1,229
11 years$1,941$1,736$1,550$1,382$1,231$1,038
12 years$1,761$1,558$1,375$1,212$1,066$884
13 years$1,609$1,408$1,229$1,070$930$756
14 years$1,479$1,280$1,104$950$815$651
15 years$1,366$1,169$997$847$718$562
16 years$1,267$1,073$904$759$634$487
17 years$1,180$988$822$682$562$423
18 years$1,103$913$751$614$500$369
19 years$1,034$846$687$555$446$322
20 years$972$786$631$503$398$282
21 years$916$732$580$456$356$247
22 years$865$683$535$415$319$216
23 years$819$639$494$378$287$190
24 years$776$599$457$345$258$167
25 years$737$562$423$315$232$147
26 years$701$528$392$288$209$129
27 years$668$497$364$263$188$114
28 years$637$468$339$241$170$101
29 years$609$442$315$221$153$89
30 years$582$417$293$203$139$78
31 years$557$395$274$186$125$69
32 years$534$373$255$171$113$61
33 years$512$354$238$158$103$54
34 years$492$335$223$145$93$48
35 years$472$318$208$133$84$42
36 years$454$302$195$123$76$37
37 years$437$286$182$113$69$33
38 years$421$272$171$104$63$29
39 years$406$259$160$96$57$26
40 years$391$246$150$89$52$23
41 years$377$234$141$82$47$20
42 years$364$223$132$76$42$18
43 years$352$213$124$70$38$16
44 years$340$203$116$64$35$14
45 years$329$193$109$60$32$12
46 years$318$184$102$55$29$11
47 years$307$176$96$51$26$10
48 years$298$168$90$47$24$9
49 years$288$161$85$43$22$8
50 years$279$153$80$40$20$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $286,000, adding $4,362 every year, while hoping to spend $21,458 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: 65/11/24 Blend
57$286,000$286,000$286,000$286,000
58$319,671$304,513$300,080$338,192
59$329,447$296,603$287,302$343,290
60$339,500$287,587$273,376$346,054
61$349,837$277,386$258,242$348,587
62$360,463$265,921$241,836$350,867
63$371,383$253,104$224,091$352,872
64$382,604$238,846$204,937$354,578
65$394,129$223,048$184,302$355,959
66$405,963$205,611$162,109$356,988
67$418,110$186,425$138,279$357,636
68$430,575$165,378$112,729$357,872
69$443,361$142,348$85,373$357,663
70$456,470$117,210$56,119$356,975
71$469,905$89,828$24,874$355,769
72$483,667$60,061$0$354,007
73$497,756$27,759$0$353,814
74$512,172$0$0$359,915
75$526,913$0$0$366,789
76$541,977$0$0$377,244
77$557,358$0$0$387,916
78$573,052$0$0$398,801
79$589,050$0$0$409,892
80$605,342$0$0$421,183
81$621,917$0$0$432,664
82$638,759$0$0$444,325
83$655,852$0$0$456,152
84$673,175$0$0$468,131
85$690,702$0$0$480,243
86$708,407$0$0$492,468
87$726,256$0$0$504,782
88$744,212$0$0$517,157
89$762,232$0$0$529,563
90$780,265$0$0$541,963
91$798,258$0$0$554,318
92$816,145$0$0$566,580
93$833,856$0$0$578,698
94$851,309$0$0$590,614
95$868,412$0$0$602,261
96$885,063$0$0$613,565
97$901,148$0$0$624,444
98$916,535$0$0$634,803
99$931,082$0$0$644,539
100$944,626$0$0$653,535