Can I retire at age 58 with 369,000?

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 $369,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$30,472$30,200$29,935$29,677$29,425$29,154
2 years$15,085$14,804$14,532$14,268$14,012$13,739
3 years$9,957$9,675$9,403$9,141$8,890$8,623
4 years$7,393$7,112$6,843$6,586$6,340$6,082
5 years$5,855$5,576$5,310$5,059$4,820$4,571
6 years$4,831$4,553$4,292$4,045$3,814$3,574
7 years$4,099$3,824$3,566$3,326$3,102$2,872
8 years$3,550$3,278$3,025$2,790$2,573$2,353
9 years$3,124$2,854$2,605$2,377$2,167$1,956
10 years$2,783$2,515$2,271$2,049$1,846$1,645
11 years$2,504$2,239$1,999$1,783$1,588$1,396
12 years$2,272$2,010$1,774$1,564$1,376$1,193
13 years$2,076$1,816$1,585$1,381$1,200$1,026
14 years$1,908$1,651$1,424$1,226$1,052$887
15 years$1,762$1,508$1,286$1,093$926$770
16 years$1,635$1,384$1,166$979$818$670
17 years$1,523$1,274$1,061$879$726$585
18 years$1,423$1,178$969$792$645$512
19 years$1,334$1,091$887$716$575$450
20 years$1,254$1,014$814$649$514$395
21 years$1,182$945$749$589$460$348
22 years$1,116$882$690$535$412$307
23 years$1,056$825$637$487$370$271
24 years$1,002$773$589$445$332$240
25 years$951$725$546$406$299$212
26 years$905$682$506$371$270$188
27 years$862$641$470$340$243$166
28 years$822$604$437$311$219$148
29 years$786$570$407$285$198$131
30 years$751$538$379$262$179$116
31 years$719$509$353$241$162$103
32 years$689$482$329$221$146$92
33 years$661$456$308$203$132$81
34 years$634$432$287$187$120$72
35 years$610$410$269$172$109$64
36 years$586$389$251$159$98$57
37 years$564$370$235$146$89$51
38 years$543$351$220$135$81$45
39 years$523$334$206$124$73$40
40 years$504$318$193$115$66$36
41 years$487$303$181$106$60$32
42 years$470$288$170$98$55$28
43 years$454$275$160$90$50$25
44 years$438$262$150$83$45$23
45 years$424$250$141$77$41$20
46 years$410$238$132$71$37$18
47 years$397$227$124$66$34$16
48 years$384$217$117$61$31$14
49 years$372$207$110$56$28$13
50 years$360$198$103$52$25$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $369,000, adding $2,642 every year, while hoping to spend $23,907 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: 44/35/21 Blend
57$369,000$369,000$369,000$369,000
58$409,363$389,806$384,087$424,781
59$425,681$383,470$371,517$429,584
60$442,863$376,022$357,724$432,243
61$460,970$367,382$342,644$434,634
62$480,072$357,467$326,205$436,747
63$500,243$346,186$308,336$438,569
64$521,564$333,446$288,962$440,087
65$544,124$319,145$268,003$441,291
66$568,020$303,179$245,377$442,172
67$593,358$285,435$220,997$442,720
68$620,254$265,794$194,773$442,930
69$648,834$244,132$166,612$442,796
70$679,236$220,315$136,415$442,315
71$711,612$194,205$104,079$441,487
72$746,129$165,653$69,497$440,315
73$782,966$134,502$32,558$438,805
74$822,324$100,589$0$436,969
75$864,421$63,737$0$436,359
76$909,496$23,764$0$443,344
77$957,811$0$0$450,677
78$1,009,653$0$0$465,940
79$1,065,339$0$0$492,197
80$1,125,215$0$0$520,462
81$1,189,662$0$0$550,920
82$1,259,097$0$0$583,771
83$1,333,979$0$0$619,237
84$1,414,812$0$0$657,563
85$1,502,151$0$0$699,015
86$1,596,603$0$0$743,889
87$1,698,839$0$0$792,507
88$1,809,593$0$0$845,226
89$1,929,674$0$0$902,437
90$2,059,972$0$0$964,569
91$2,201,465$0$0$1,032,096
92$2,355,228$0$0$1,105,540
93$2,522,445$0$0$1,185,471
94$2,704,419$0$0$1,272,522
95$2,902,581$0$0$1,367,385
96$3,118,509$0$0$1,470,823
97$3,353,937$0$0$1,583,677
98$3,610,775$0$0$1,706,872
99$3,891,125$0$0$1,841,424
100$4,197,300$0$0$1,988,455