Can I retire at age 58 with 380,000?

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 $380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$31,380$31,101$30,828$30,562$30,302$29,739
2 years$15,535$15,245$14,965$14,693$14,429$13,864
3 years$10,254$9,963$9,683$9,414$9,155$8,605
4 years$7,614$7,324$7,047$6,782$6,529$5,999
5 years$6,030$5,742$5,469$5,209$4,963$4,455
6 years$4,975$4,689$4,420$4,166$3,927$3,440
7 years$4,221$3,938$3,673$3,425$3,194$2,729
8 years$3,656$3,375$3,115$2,873$2,650$2,207
9 years$3,217$2,939$2,683$2,447$2,231$1,810
10 years$2,866$2,590$2,339$2,110$1,901$1,501
11 years$2,579$2,306$2,059$1,836$1,635$1,255
12 years$2,340$2,070$1,827$1,610$1,417$1,057
13 years$2,138$1,871$1,633$1,422$1,236$896
14 years$1,964$1,700$1,467$1,262$1,083$762
15 years$1,815$1,553$1,324$1,126$954$651
16 years$1,684$1,425$1,201$1,008$843$558
17 years$1,568$1,312$1,093$906$747$479
18 years$1,466$1,213$997$816$665$413
19 years$1,374$1,124$913$737$592$356
20 years$1,291$1,044$838$668$529$308
21 years$1,217$973$771$606$473$267
22 years$1,149$908$710$551$424$231
23 years$1,088$849$656$502$381$200
24 years$1,031$796$607$458$342$174
25 years$980$747$562$418$308$151
26 years$932$702$521$382$278$131
27 years$888$661$484$350$250$114
28 years$847$622$450$321$226$100
29 years$809$587$419$294$204$87
30 years$774$555$390$270$184$76
31 years$740$524$364$248$167$66
32 years$710$496$339$228$151$57
33 years$681$470$317$209$136$50
34 years$653$445$296$193$123$44
35 years$628$422$277$177$112$38
36 years$604$401$259$163$101$33
37 years$581$381$242$150$92$29
38 years$559$362$227$139$83$25
39 years$539$344$213$128$75$22
40 years$520$327$199$118$68$19
41 years$501$312$187$109$62$17
42 years$484$297$175$100$56$15
43 years$467$283$164$93$51$13
44 years$451$269$154$86$46$11
45 years$436$257$145$79$42$10
46 years$422$245$136$73$38$9
47 years$409$234$128$67$35$7
48 years$395$223$120$62$32$6
49 years$383$213$113$58$29$6
50 years$371$204$106$53$26$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $380,000, adding $4,694 every year, while hoping to spend $29,537 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: 66/15/19 Blend
57$380,000$380,000$380,000$380,000
58$423,602$403,462$397,572$449,256
59$435,382$391,804$379,463$455,373
60$447,374$378,586$359,758$458,225
61$459,568$363,698$338,372$460,635
62$471,952$347,028$315,216$462,558
63$484,513$328,454$290,198$463,946
64$497,235$307,850$263,221$464,750
65$510,098$285,080$234,184$464,915
66$523,081$260,001$202,982$464,381
67$536,158$232,464$169,504$463,085
68$549,301$202,309$133,637$460,959
69$562,475$169,368$95,259$457,927
70$575,643$133,462$54,246$453,911
71$588,761$94,405$10,466$448,823
72$601,782$51,998$0$442,569
73$614,648$6,031$0$442,400
74$627,300$0$0$443,597
75$639,665$0$0$451,165
76$651,665$0$0$459,450
77$663,213$0$0$467,391
78$674,208$0$0$474,917
79$684,540$0$0$481,945
80$694,085$0$0$488,385
81$702,705$0$0$494,137
82$710,245$0$0$499,087
83$716,534$0$0$503,111
84$721,382$0$0$506,068
85$724,573$0$0$507,803
86$725,874$0$0$508,144
87$725,019$0$0$506,899
88$721,719$0$0$503,855
89$715,648$0$0$498,777
90$706,448$0$0$491,401
91$693,721$0$0$481,438
92$677,024$0$0$468,566
93$655,870$0$0$452,429
94$629,716$0$0$432,632
95$597,964$0$0$408,738
96$559,949$0$0$380,265
97$514,938$0$0$346,677
98$462,119$0$0$307,383
99$400,594$0$0$261,730
100$329,370$0$0$208,994