Can I retire at age 58 with 363,000?

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 $363,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$29,976$29,709$29,449$29,194$28,946$28,478
2 years$14,840$14,563$14,295$14,036$13,784$13,314
3 years$9,795$9,517$9,250$8,993$8,745$8,287
4 years$7,273$6,996$6,732$6,479$6,237$5,795
5 years$5,760$5,485$5,224$4,976$4,741$4,317
6 years$4,752$4,479$4,222$3,980$3,752$3,345
7 years$4,032$3,761$3,508$3,272$3,051$2,662
8 years$3,493$3,224$2,975$2,745$2,531$2,160
9 years$3,073$2,807$2,563$2,338$2,132$1,778
10 years$2,738$2,475$2,234$2,015$1,816$1,480
11 years$2,463$2,203$1,967$1,754$1,562$1,243
12 years$2,235$1,977$1,746$1,538$1,354$1,051
13 years$2,042$1,787$1,560$1,358$1,180$894
14 years$1,877$1,624$1,401$1,206$1,035$763
15 years$1,733$1,484$1,265$1,075$911$655
16 years$1,608$1,361$1,147$963$805$564
17 years$1,498$1,254$1,044$865$714$486
18 years$1,400$1,158$953$780$635$421
19 years$1,312$1,074$872$704$566$365
20 years$1,234$998$801$638$505$317
21 years$1,163$929$736$579$452$275
22 years$1,098$867$679$526$405$240
23 years$1,039$811$627$479$364$209
24 years$985$760$580$437$327$182
25 years$936$713$537$399$294$159
26 years$890$670$498$365$265$139
27 years$848$631$462$334$239$121
28 years$809$595$430$306$216$106
29 years$773$561$400$281$195$93
30 years$739$530$372$258$176$81
31 years$707$501$347$237$159$71
32 years$678$474$324$218$144$62
33 years$650$449$303$200$130$55
34 years$624$425$283$184$118$48
35 years$600$403$264$169$107$42
36 years$577$383$247$156$97$37
37 years$555$364$231$144$88$32
38 years$534$346$217$133$80$28
39 years$515$329$203$122$72$25
40 years$496$313$190$113$65$22
41 years$479$298$178$104$59$19
42 years$462$283$167$96$54$17
43 years$446$270$157$89$49$15
44 years$431$257$147$82$44$13
45 years$417$245$138$76$40$11
46 years$403$234$130$70$37$10
47 years$390$223$122$64$33$9
48 years$378$213$115$60$30$8
49 years$366$204$108$55$27$7
50 years$354$195$101$51$25$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $363,000, adding $4,927 every year, while hoping to spend $23,104 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: 58/37/5 Blend
57$363,000$363,000$363,000$363,000
58$405,108$385,869$380,243$427,944
59$421,847$380,194$368,398$438,171
60$439,518$373,467$355,383$446,243
61$458,194$365,611$341,133$454,457
62$477,950$356,547$325,581$462,828
63$498,871$346,188$308,659$471,372
64$521,050$334,446$290,293$480,111
65$544,587$321,223$270,408$489,066
66$569,592$306,420$248,923$498,266
67$596,186$289,930$225,757$507,742
68$624,499$271,639$200,823$517,530
69$654,677$251,428$174,029$527,670
70$686,877$229,171$145,282$538,211
71$721,273$204,734$114,483$549,204
72$758,053$177,977$81,528$560,713
73$797,426$148,749$46,311$572,806
74$839,619$116,894$8,719$585,563
75$884,883$82,245$0$599,071
76$933,493$44,626$0$615,108
77$985,748$3,852$0$632,718
78$1,041,980$0$0$651,570
79$1,102,553$0$0$688,214
80$1,167,863$0$0$729,438
81$1,238,350$0$0$773,954
82$1,314,495$0$0$822,070
83$1,396,826$0$0$874,123
84$1,485,925$0$0$930,483
85$1,582,431$0$0$991,559
86$1,687,046$0$0$1,057,799
87$1,800,542$0$0$1,129,696
88$1,923,770$0$0$1,207,793
89$2,057,664$0$0$1,292,685
90$2,203,252$0$0$1,385,031
91$2,361,664$0$0$1,485,550
92$2,534,145$0$0$1,595,040
93$2,722,065$0$0$1,714,373
94$2,926,929$0$0$1,844,512
95$3,150,397$0$0$1,986,516
96$3,394,293$0$0$2,141,552
97$3,660,628$0$0$2,310,902
98$3,951,612$0$0$2,495,979
99$4,269,682$0$0$2,698,340
100$4,617,516$0$0$2,919,696