Can I retire at age 58 with 378,000?

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 $378,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$31,215$30,937$30,666$30,401$30,142$29,952
2 years$15,453$15,165$14,886$14,616$14,353$14,162
3 years$10,200$9,911$9,632$9,364$9,106$8,919
4 years$7,573$7,285$7,010$6,747$6,495$6,313
5 years$5,998$5,712$5,440$5,182$4,937$4,762
6 years$4,948$4,664$4,396$4,144$3,907$3,738
7 years$4,199$3,917$3,653$3,407$3,177$3,015
8 years$3,637$3,358$3,098$2,858$2,636$2,480
9 years$3,200$2,923$2,669$2,434$2,220$2,070
10 years$2,851$2,577$2,327$2,099$1,891$1,749
11 years$2,565$2,294$2,048$1,826$1,627$1,490
12 years$2,327$2,059$1,818$1,602$1,410$1,279
13 years$2,126$1,861$1,624$1,414$1,229$1,105
14 years$1,954$1,691$1,459$1,255$1,077$959
15 years$1,805$1,545$1,317$1,120$949$836
16 years$1,675$1,418$1,194$1,003$838$732
17 years$1,560$1,305$1,087$901$743$642
18 years$1,458$1,206$992$812$661$565
19 years$1,367$1,118$908$733$589$498
20 years$1,285$1,039$834$664$526$440
21 years$1,211$968$767$603$471$390
22 years$1,143$903$707$548$422$346
23 years$1,082$845$653$499$379$307
24 years$1,026$792$603$455$341$273
25 years$975$743$559$416$306$243
26 years$927$698$518$380$276$216
27 years$883$657$481$348$249$192
28 years$842$619$447$319$225$172
29 years$805$584$416$292$203$153
30 years$769$552$388$268$183$137
31 years$737$521$362$246$166$122
32 years$706$493$337$227$150$109
33 years$677$467$315$208$136$98
34 years$650$443$294$192$123$87
35 years$624$420$275$176$111$78
36 years$600$399$257$162$101$70
37 years$578$379$241$150$91$62
38 years$556$360$226$138$83$56
39 years$536$342$211$127$75$50
40 years$517$326$198$117$68$45
41 years$499$310$186$108$62$40
42 years$481$295$174$100$56$36
43 years$465$281$164$92$51$32
44 years$449$268$154$85$46$29
45 years$434$256$144$79$42$26
46 years$420$244$135$73$38$23
47 years$406$233$127$67$35$21
48 years$393$222$120$62$31$19
49 years$381$212$112$57$29$17
50 years$369$203$106$53$26$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $378,000, adding $4,213 every year, while hoping to spend $26,948 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: 67/7/26 Blend
57$378,000$378,000$378,000$378,000
58$420,902$400,868$395,009$445,997
59$435,161$391,838$379,569$454,371
60$449,972$381,462$362,709$460,087
61$465,362$369,647$344,352$465,725
62$481,361$356,291$324,420$471,278
63$498,000$341,290$302,829$476,739
64$515,314$324,531$279,491$482,104
65$533,339$305,896$254,318$487,365
66$552,115$285,261$227,213$492,517
67$571,684$262,492$198,078$497,555
68$592,092$237,449$166,809$502,475
69$613,387$209,986$133,299$507,273
70$635,622$179,946$97,434$511,946
71$658,856$147,163$59,098$516,494
72$683,148$111,463$18,167$520,916
73$708,567$72,663$0$525,213
74$735,184$30,566$0$536,467
75$763,078$0$0$553,443
76$792,334$0$0$572,301
77$823,044$0$0$594,575
78$855,307$0$0$617,983
79$889,234$0$0$642,606
80$924,941$0$0$668,531
81$962,558$0$0$695,852
82$1,002,225$0$0$724,672
83$1,044,096$0$0$755,105
84$1,088,335$0$0$787,271
85$1,135,126$0$0$821,305
86$1,184,667$0$0$857,354
87$1,237,174$0$0$895,576
88$1,292,885$0$0$936,147
89$1,352,058$0$0$979,255
90$1,414,976$0$0$1,025,111
91$1,481,950$0$0$1,073,943
92$1,553,319$0$0$1,126,000
93$1,629,454$0$0$1,181,556
94$1,710,762$0$0$1,240,910
95$1,797,690$0$0$1,304,392
96$1,890,725$0$0$1,372,362
97$1,990,405$0$0$1,445,215
98$2,097,317$0$0$1,523,385
99$2,212,106$0$0$1,607,347
100$2,335,482$0$0$1,697,622