Can I retire at age 58 with 318,000?

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 $318,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$26,260$26,026$25,798$25,575$25,358$24,645
2 years$13,000$12,758$12,523$12,296$12,075$11,362
3 years$8,581$8,337$8,103$7,878$7,661$6,971
4 years$6,371$6,129$5,897$5,676$5,464$4,801
5 years$5,046$4,805$4,576$4,359$4,154$3,520
6 years$4,163$3,924$3,698$3,486$3,287$2,684
7 years$3,532$3,295$3,073$2,866$2,673$2,100
8 years$3,060$2,825$2,607$2,404$2,217$1,674
9 years$2,692$2,459$2,245$2,048$1,867$1,354
10 years$2,398$2,168$1,957$1,765$1,591$1,106
11 years$2,158$1,930$1,723$1,536$1,368$911
12 years$1,958$1,732$1,529$1,348$1,186$755
13 years$1,789$1,565$1,366$1,190$1,034$630
14 years$1,644$1,423$1,228$1,056$906$527
15 years$1,519$1,300$1,108$942$798$443
16 years$1,409$1,193$1,005$843$705$373
17 years$1,312$1,098$914$758$625$315
18 years$1,226$1,015$835$683$556$267
19 years$1,150$941$764$617$496$226
20 years$1,081$874$701$559$443$192
21 years$1,018$814$645$507$396$163
22 years$962$760$595$461$355$139
23 years$910$711$549$420$319$118
24 years$863$666$508$383$287$101
25 years$820$625$470$350$258$86
26 years$780$587$436$320$232$73
27 years$743$553$405$293$209$62
28 years$709$521$376$268$189$53
29 years$677$491$350$246$171$45
30 years$647$464$326$226$154$39
31 years$620$439$304$207$139$33
32 years$594$415$284$191$126$28
33 years$569$393$265$175$114$24
34 years$547$373$248$161$103$21
35 years$525$353$232$148$94$18
36 years$505$335$217$137$85$15
37 years$486$319$203$126$77$13
38 years$468$303$190$116$70$11
39 years$451$288$178$107$63$9
40 years$435$274$167$99$57$8
41 years$419$261$156$91$52$7
42 years$405$248$147$84$47$6
43 years$391$237$138$78$43$5
44 years$378$226$129$72$39$4
45 years$365$215$121$66$35$4
46 years$353$205$114$61$32$3
47 years$342$196$107$56$29$3
48 years$331$187$101$52$26$2
49 years$320$178$95$48$24$2
50 years$310$170$89$45$22$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $318,000, adding $2,293 every year, while hoping to spend $20,164 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: 57/26/17 Blend
57$318,000$318,000$318,000$318,000
58$352,801$335,947$331,018$371,212
59$367,333$330,954$320,653$378,981
60$382,670$325,041$309,265$385,053
61$398,876$318,141$296,798$391,213
62$416,015$310,183$283,194$397,474
63$434,160$301,094$268,393$403,849
64$453,391$290,795$252,331$410,356
65$473,795$279,201$234,942$417,016
66$495,466$266,226$216,156$423,851
67$518,507$251,775$195,902$430,889
68$543,033$235,750$174,102$438,160
69$569,167$218,046$150,679$445,700
70$597,045$198,553$125,550$453,550
71$626,816$177,155$98,628$461,757
72$658,643$153,727$69,824$470,374
73$692,705$128,141$39,044$479,460
74$729,198$100,257$6,189$489,086
75$768,337$69,930$0$499,327
76$810,358$37,008$0$515,509
77$855,521$1,327$0$534,032
78$904,109$0$0$553,905
79$956,435$0$0$585,940
80$1,012,841$0$0$620,904
81$1,073,705$0$0$658,653
82$1,139,439$0$0$699,446
83$1,210,500$0$0$743,569
84$1,287,386$0$0$791,335
85$1,370,647$0$0$843,089
86$1,460,887$0$0$899,210
87$1,558,770$0$0$960,113
88$1,665,026$0$0$1,026,259
89$1,780,460$0$0$1,098,149
90$1,905,954$0$0$1,176,340
91$2,042,481$0$0$1,261,441
92$2,191,111$0$0$1,354,123
93$2,353,020$0$0$1,455,125
94$2,529,504$0$0$1,565,260
95$2,721,988$0$0$1,685,423
96$2,932,042$0$0$1,816,599
97$3,161,392$0$0$1,959,871
98$3,411,940$0$0$2,116,434
99$3,685,778$0$0$2,287,600
100$3,985,211$0$0$2,474,817