Can I retire at age 58 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$30,967$30,691$30,422$30,160$29,903$29,603
2 years$15,330$15,045$14,768$14,500$14,240$13,937
3 years$10,119$9,832$9,556$9,290$9,034$8,739
4 years$7,513$7,227$6,954$6,693$6,443$6,158
5 years$5,951$5,666$5,397$5,141$4,898$4,623
6 years$4,909$4,627$4,361$4,111$3,876$3,611
7 years$4,165$3,886$3,624$3,380$3,152$2,898
8 years$3,608$3,331$3,074$2,835$2,615$2,372
9 years$3,175$2,900$2,647$2,415$2,202$1,970
10 years$2,828$2,556$2,308$2,082$1,876$1,655
11 years$2,545$2,276$2,032$1,812$1,614$1,402
12 years$2,309$2,043$1,803$1,589$1,398$1,197
13 years$2,109$1,846$1,611$1,403$1,219$1,028
14 years$1,939$1,678$1,448$1,245$1,069$887
15 years$1,791$1,533$1,307$1,111$941$769
16 years$1,661$1,406$1,185$995$832$669
17 years$1,547$1,295$1,078$894$738$583
18 years$1,446$1,197$984$805$656$510
19 years$1,356$1,109$901$728$585$447
20 years$1,275$1,031$827$659$522$392
21 years$1,201$960$761$598$467$345
22 years$1,134$896$701$544$419$304
23 years$1,074$838$647$495$376$268
24 years$1,018$785$599$452$338$236
25 years$967$737$554$413$304$209
26 years$920$693$514$377$274$185
27 years$876$652$478$345$247$163
28 years$836$614$444$316$223$145
29 years$798$579$413$290$201$128
30 years$763$547$385$266$182$113
31 years$731$517$359$245$164$101
32 years$700$489$335$225$149$89
33 years$672$464$313$207$135$79
34 years$645$439$292$190$122$70
35 years$619$417$273$175$110$62
36 years$596$396$255$161$100$55
37 years$573$376$239$149$91$49
38 years$552$357$224$137$82$44
39 years$532$339$210$126$74$39
40 years$513$323$197$116$68$35
41 years$495$307$184$107$61$31
42 years$477$293$173$99$56$27
43 years$461$279$162$92$50$24
44 years$446$266$152$84$46$22
45 years$431$254$143$78$42$19
46 years$417$242$134$72$38$17
47 years$403$231$126$67$34$15
48 years$390$220$119$62$31$13
49 years$378$210$111$57$28$12
50 years$366$201$105$53$26$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $375,000, adding $2,569 every year, while hoping to spend $23,880 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: 48/41/11 Blend
57$375,000$375,000$375,000$375,000
58$415,900$396,025$390,212$434,489
59$432,914$390,022$377,876$441,545
60$450,862$382,925$364,327$446,505
61$469,816$374,654$349,498$451,348
62$489,852$365,126$333,320$456,071
63$511,053$354,253$315,722$460,672
64$533,510$341,942$296,629$465,151
65$557,323$328,092$275,961$469,510
66$582,601$312,600$253,637$473,750
67$609,464$295,354$229,571$477,878
68$638,040$276,238$203,673$481,902
69$668,473$255,126$175,849$485,834
70$700,919$231,889$146,001$489,689
71$735,549$206,388$114,028$493,486
72$772,549$178,475$79,823$497,249
73$812,126$147,997$43,274$501,007
74$854,504$114,791$4,265$504,797
75$899,931$78,682$0$508,660
76$948,676$39,490$0$517,033
77$1,001,037$0$0$526,409
78$1,057,341$0$0$537,716
79$1,117,944$0$0$569,094
80$1,183,241$0$0$602,932
81$1,253,664$0$0$639,459
82$1,329,685$0$0$678,926
83$1,411,828$0$0$721,607
84$1,500,664$0$0$767,804
85$1,596,824$0$0$817,850
86$1,701,000$0$0$872,110
87$1,813,952$0$0$930,987
88$1,936,518$0$0$994,921
89$2,069,619$0$0$1,064,399
90$2,214,266$0$0$1,139,956
91$2,371,574$0$0$1,222,180
92$2,542,769$0$0$1,311,717
93$2,729,197$0$0$1,409,282
94$2,932,345$0$0$1,515,656
95$3,153,843$0$0$1,631,704
96$3,395,490$0$0$1,758,374
97$3,659,264$0$0$1,896,712
98$3,947,342$0$0$2,047,869
99$4,262,120$0$0$2,213,110
100$4,606,239$0$0$2,393,832