Can I retire at age 58 with 337,000?

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 $337,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$27,829$27,581$27,339$27,103$26,873$26,526
2 years$13,777$13,520$13,272$13,030$12,797$12,448
3 years$9,093$8,836$8,588$8,349$8,119$7,779
4 years$6,752$6,495$6,250$6,015$5,790$5,462
5 years$5,348$5,092$4,850$4,620$4,402$4,085
6 years$4,412$4,158$3,919$3,695$3,483$3,179
7 years$3,743$3,492$3,257$3,038$2,833$2,542
8 years$3,242$2,993$2,762$2,548$2,350$2,072
9 years$2,853$2,606$2,379$2,170$1,979$1,713
10 years$2,542$2,297$2,074$1,871$1,686$1,433
11 years$2,287$2,045$1,826$1,628$1,450$1,209
12 years$2,075$1,836$1,621$1,428$1,257$1,028
13 years$1,896$1,659$1,448$1,261$1,096$879
14 years$1,742$1,508$1,301$1,119$961$755
15 years$1,609$1,377$1,175$998$846$651
16 years$1,493$1,264$1,065$894$748$563
17 years$1,391$1,164$969$803$663$489
18 years$1,300$1,075$885$724$589$425
19 years$1,218$997$810$654$525$371
20 years$1,145$926$743$592$469$324
21 years$1,079$863$684$538$420$283
22 years$1,019$805$630$489$376$248
23 years$965$753$582$445$338$218
24 years$915$706$538$406$304$191
25 years$869$662$498$371$273$168
26 years$827$622$462$339$246$148
27 years$787$586$429$310$222$130
28 years$751$552$399$284$200$114
29 years$717$521$371$261$181$101
30 years$686$492$346$239$163$89
31 years$657$465$322$220$148$78
32 years$629$440$301$202$134$69
33 years$604$417$281$186$121$61
34 years$579$395$262$171$109$54
35 years$557$374$245$157$99$47
36 years$535$355$230$145$90$42
37 years$515$338$215$133$81$37
38 years$496$321$201$123$74$33
39 years$478$305$188$113$67$29
40 years$461$290$177$105$61$25
41 years$444$276$166$97$55$22
42 years$429$263$155$89$50$20
43 years$414$251$146$82$45$18
44 years$400$239$137$76$41$16
45 years$387$228$129$70$37$14
46 years$374$217$121$65$34$12
47 years$362$207$113$60$31$11
48 years$351$198$107$55$28$9
49 years$340$189$100$51$25$8
50 years$329$181$94$47$23$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $337,000, adding $2,706 every year, while hoping to spend $26,902 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: 58/34/8 Blend
57$337,000$337,000$337,000$337,000
58$374,165$356,304$351,081$395,039
59$383,707$345,140$334,218$398,228
60$393,319$332,526$315,890$398,428
61$402,983$318,365$296,017$397,984
62$412,673$302,550$274,519$396,835
63$422,361$284,971$251,311$394,916
64$432,017$265,510$226,305$392,160
65$441,605$244,042$199,409$388,490
66$451,085$220,436$170,525$383,827
67$460,412$194,554$139,554$378,084
68$469,534$166,247$106,389$371,168
69$478,395$135,362$70,922$362,977
70$486,930$101,734$33,036$353,403
71$495,068$65,189$0$342,328
72$502,728$25,546$0$330,256
73$509,819$0$0$319,469
74$516,242$0$0$313,515
75$521,884$0$0$316,603
76$526,621$0$0$319,096
77$530,314$0$0$320,905
78$532,807$0$0$321,930
79$533,929$0$0$322,061
80$533,489$0$0$321,175
81$531,275$0$0$319,136
82$527,052$0$0$315,792
83$520,557$0$0$310,977
84$511,502$0$0$304,505
85$499,566$0$0$296,169
86$484,392$0$0$285,742
87$465,588$0$0$272,972
88$442,718$0$0$257,578
89$415,298$0$0$239,253
90$382,795$0$0$217,653
91$344,618$0$0$192,402
92$300,115$0$0$163,079
93$248,564$0$0$129,224
94$189,166$0$0$90,326
95$121,040$0$0$45,819
96$43,211$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0