Can I retire at age 58 with 333,000?

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 $333,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$27,499$27,254$27,015$26,782$26,554$25,571
2 years$13,613$13,360$13,114$12,876$12,645$11,666
3 years$8,985$8,731$8,486$8,250$8,022$7,078
4 years$6,672$6,418$6,175$5,943$5,722$4,819
5 years$5,284$5,032$4,792$4,565$4,349$3,491
6 years$4,359$4,109$3,873$3,651$3,442$2,628
7 years$3,699$3,451$3,218$3,001$2,799$2,029
8 years$3,204$2,958$2,729$2,518$2,322$1,596
9 years$2,819$2,575$2,351$2,145$1,955$1,272
10 years$2,511$2,270$2,050$1,849$1,666$1,025
11 years$2,260$2,021$1,804$1,609$1,433$832
12 years$2,050$1,814$1,601$1,411$1,242$679
13 years$1,873$1,639$1,431$1,246$1,083$557
14 years$1,721$1,490$1,286$1,106$949$459
15 years$1,590$1,361$1,161$986$836$380
16 years$1,475$1,249$1,052$883$739$314
17 years$1,374$1,150$958$794$655$261
18 years$1,284$1,063$874$715$582$217
19 years$1,204$985$800$646$519$181
20 years$1,132$915$734$585$464$151
21 years$1,067$853$675$531$415$126
22 years$1,007$796$623$483$372$105
23 years$953$744$575$440$334$88
24 years$904$697$532$401$300$74
25 years$859$654$492$366$270$62
26 years$817$615$457$335$243$52
27 years$778$579$424$307$219$43
28 years$742$545$394$281$198$36
29 years$709$515$367$258$179$30
30 years$678$486$342$236$161$25
31 years$649$459$319$217$146$21
32 years$622$435$297$200$132$18
33 years$596$412$278$183$119$15
34 years$572$390$259$169$108$13
35 years$550$370$242$155$98$11
36 years$529$351$227$143$89$9
37 years$509$334$212$132$80$7
38 years$490$317$199$122$73$6
39 years$472$301$186$112$66$5
40 years$455$287$175$103$60$4
41 years$439$273$164$95$54$4
42 years$424$260$154$88$49$3
43 years$409$248$144$81$45$3
44 years$396$236$135$75$41$2
45 years$382$225$127$69$37$2
46 years$370$215$119$64$34$2
47 years$358$205$112$59$30$1
48 years$347$196$105$55$28$1
49 years$336$187$99$50$25$1
50 years$325$179$93$47$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $333,000, adding $6,050 every year, while hoping to spend $23,116 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: 67/21/12 Blend
57$333,000$333,000$333,000$333,000
58$373,207$355,558$350,396$396,819
59$386,678$348,385$337,539$406,140
60$400,750$340,086$323,477$413,021
61$415,457$330,581$308,144$419,951
62$430,840$319,786$291,473$426,932
63$446,942$307,611$273,394$433,966
64$463,809$293,963$253,832$441,060
65$481,492$278,742$232,710$448,218
66$500,046$261,842$209,947$455,448
67$519,529$243,150$185,458$462,758
68$540,007$222,551$159,157$470,160
69$561,549$199,917$130,950$477,666
70$584,232$175,118$100,742$485,292
71$608,139$148,014$68,432$493,055
72$633,360$118,458$33,916$500,979
73$659,995$86,294$0$509,087
74$688,150$51,358$0$517,782
75$717,943$13,477$0$531,384
76$749,503$0$0$545,599
77$782,969$0$0$566,850
78$818,495$0$0$592,726
79$856,248$0$0$620,235
80$896,411$0$0$649,512
81$939,184$0$0$680,705
82$984,788$0$0$713,975
83$1,033,463$0$0$749,500
84$1,085,471$0$0$787,473
85$1,141,101$0$0$828,107
86$1,200,671$0$0$871,635
87$1,264,527$0$0$918,315
88$1,333,050$0$0$968,425
89$1,406,658$0$0$1,022,274
90$1,485,810$0$0$1,080,201
91$1,571,009$0$0$1,142,576
92$1,662,808$0$0$1,209,808
93$1,761,814$0$0$1,282,344
94$1,868,695$0$0$1,360,677
95$1,984,184$0$0$1,445,347
96$2,109,086$0$0$1,536,948
97$2,244,288$0$0$1,636,135
98$2,390,763$0$0$1,743,624
99$2,549,582$0$0$1,860,207
100$2,721,921$0$0$1,986,751