Can I retire at age 58 with 323,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $323,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$26,673$26,435$26,204$25,977$25,756$24,942
2 years$13,204$12,959$12,720$12,489$12,265$11,452
3 years$8,716$8,469$8,231$8,002$7,781$6,995
4 years$6,472$6,225$5,990$5,765$5,550$4,796
5 years$5,125$4,881$4,648$4,428$4,219$3,500
6 years$4,228$3,985$3,757$3,541$3,338$2,655
7 years$3,588$3,347$3,122$2,911$2,715$2,067
8 years$3,108$2,869$2,648$2,442$2,252$1,639
9 years$2,734$2,498$2,280$2,080$1,897$1,318
10 years$2,436$2,202$1,988$1,793$1,616$1,071
11 years$2,192$1,960$1,750$1,561$1,390$877
12 years$1,989$1,759$1,553$1,369$1,204$723
13 years$1,817$1,590$1,388$1,209$1,050$599
14 years$1,670$1,445$1,247$1,073$921$498
15 years$1,542$1,320$1,126$957$811$416
16 years$1,431$1,211$1,021$857$716$348
17 years$1,333$1,116$929$770$635$292
18 years$1,246$1,031$848$694$565$246
19 years$1,168$955$776$627$503$207
20 years$1,098$888$712$568$450$174
21 years$1,035$827$655$515$402$147
22 years$977$772$604$468$361$124
23 years$925$722$558$427$324$105
24 years$877$676$516$389$291$89
25 years$833$635$478$355$262$75
26 years$792$597$443$325$236$64
27 years$755$561$411$297$213$54
28 years$720$529$382$272$192$46
29 years$688$499$356$250$173$39
30 years$657$471$331$229$157$33
31 years$629$446$309$211$142$28
32 years$603$422$288$194$128$24
33 years$578$399$269$178$116$20
34 years$555$378$252$164$105$17
35 years$534$359$235$151$95$14
36 years$513$341$220$139$86$12
37 years$494$324$206$128$78$10
38 years$475$307$193$118$71$9
39 years$458$292$181$109$64$7
40 years$442$278$169$100$58$6
41 years$426$265$159$93$53$5
42 years$411$252$149$85$48$5
43 years$397$240$140$79$43$4
44 years$384$229$131$73$39$3
45 years$371$218$123$67$36$3
46 years$359$208$116$62$33$2
47 years$347$199$109$57$30$2
48 years$336$190$102$53$27$2
49 years$326$181$96$49$24$1
50 years$315$173$90$45$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $323,000, adding $3,897 every year, while hoping to spend $21,449 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: 30/50/20 Blend
57$323,000$323,000$323,000$323,000
58$359,966$342,847$337,840$368,411
59$373,861$336,825$326,336$369,127
60$388,454$329,789$313,728$367,699
61$403,794$321,666$299,956$365,710
62$419,935$312,381$284,958$363,123
63$436,932$301,852$268,668$359,901
64$454,849$289,993$251,019$356,007
65$473,755$276,714$231,939$351,400
66$493,723$261,917$211,354$346,040
67$514,834$245,503$189,186$339,883
68$537,178$227,363$165,354$332,886
69$560,850$207,384$139,773$325,005
70$585,957$185,446$112,356$316,191
71$612,613$161,422$83,008$306,400
72$640,945$135,177$51,635$295,580
73$671,092$106,570$18,134$283,685
74$703,203$75,452$0$270,662
75$737,445$41,665$0$260,221
76$773,999$5,041$0$252,926
77$813,064$0$0$244,875
78$854,857$0$0$255,077
79$899,616$0$0$269,007
80$947,605$0$0$283,977
81$999,110$0$0$300,081
82$1,054,445$0$0$317,423
83$1,113,958$0$0$336,116
84$1,178,028$0$0$356,285
85$1,247,073$0$0$378,066
86$1,321,549$0$0$401,610
87$1,401,962$0$0$427,083
88$1,488,863$0$0$454,666
89$1,582,861$0$0$484,558
90$1,684,624$0$0$516,981
91$1,794,887$0$0$552,176
92$1,914,457$0$0$590,407
93$2,044,223$0$0$631,969
94$2,185,162$0$0$677,182
95$2,338,347$0$0$726,400
96$2,504,962$0$0$780,013
97$2,686,308$0$0$838,450
98$2,883,814$0$0$902,182
99$3,099,056$0$0$971,728
100$3,333,767$0$0$1,047,659