Can I retire at age 58 with 381,000?

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 $381,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$31,463$31,182$30,909$30,642$30,381$29,768
2 years$15,576$15,285$15,004$14,732$14,467$13,852
3 years$10,281$9,989$9,709$9,439$9,179$8,581
4 years$7,634$7,343$7,066$6,800$6,546$5,970
5 years$6,046$5,757$5,483$5,223$4,976$4,424
6 years$4,988$4,701$4,431$4,177$3,938$3,409
7 years$4,232$3,948$3,682$3,434$3,202$2,698
8 years$3,666$3,384$3,123$2,881$2,657$2,177
9 years$3,225$2,947$2,690$2,454$2,237$1,781
10 years$2,873$2,597$2,345$2,115$1,906$1,473
11 years$2,586$2,312$2,064$1,841$1,639$1,229
12 years$2,346$2,075$1,832$1,615$1,421$1,033
13 years$2,143$1,875$1,637$1,426$1,239$873
14 years$1,970$1,705$1,471$1,265$1,086$740
15 years$1,819$1,557$1,328$1,129$956$631
16 years$1,688$1,429$1,204$1,010$845$539
17 years$1,572$1,316$1,096$908$749$462
18 years$1,469$1,216$1,000$818$666$397
19 years$1,377$1,127$916$739$594$341
20 years$1,295$1,047$840$670$530$294
21 years$1,220$975$773$608$475$254
22 years$1,153$910$712$553$425$219
23 years$1,091$852$658$503$382$190
24 years$1,034$798$608$459$343$164
25 years$982$749$563$419$309$142
26 years$934$704$522$383$278$123
27 years$890$662$485$351$251$107
28 years$849$624$451$321$226$93
29 years$811$589$420$295$204$80
30 years$776$556$391$270$185$70
31 years$742$526$364$248$167$61
32 years$711$497$340$228$151$53
33 years$682$471$318$210$137$46
34 years$655$446$297$193$124$40
35 years$629$423$277$178$112$35
36 years$605$402$259$164$102$30
37 years$582$382$243$151$92$26
38 years$561$363$227$139$83$23
39 years$540$345$213$128$76$20
40 years$521$328$200$118$69$17
41 years$503$312$187$109$62$15
42 years$485$297$176$101$57$13
43 years$468$283$165$93$51$11
44 years$453$270$155$86$47$10
45 years$438$258$145$79$42$9
46 years$423$246$136$73$38$7
47 years$410$235$128$68$35$6
48 years$396$224$120$63$32$6
49 years$384$214$113$58$29$5
50 years$372$204$106$53$26$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $381,000, adding $6,805 every year, while hoping to spend $29,635 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: 36/42/22 Blend
57$381,000$381,000$381,000$381,000
58$426,881$406,688$400,783$439,203
59$438,892$395,085$382,678$437,232
60$451,134$381,919$362,973$431,872
61$463,601$367,084$341,583$425,485
62$476,282$350,465$318,420$417,996
63$489,167$331,942$293,391$409,326
64$502,241$311,387$266,399$399,392
65$515,489$288,664$237,343$388,106
66$528,893$263,632$206,118$375,372
67$542,429$236,139$172,612$361,091
68$556,073$206,026$136,711$345,156
69$569,796$173,125$98,294$327,454
70$583,564$137,257$57,235$307,866
71$597,339$98,234$13,404$286,263
72$611,078$55,858$0$262,509
73$624,732$9,920$0$244,295
74$638,246$0$0$227,499
75$651,557$0$0$227,241
76$664,593$0$0$231,429
77$677,277$0$0$235,446
78$689,519$0$0$239,255
79$701,218$0$0$242,816
80$712,265$0$0$246,084
81$722,533$0$0$249,009
82$731,883$0$0$251,533
83$740,160$0$0$253,593
84$747,190$0$0$255,121
85$752,781$0$0$256,038
86$756,718$0$0$256,258
87$758,761$0$0$255,684
88$758,646$0$0$254,210
89$756,077$0$0$251,719
90$750,728$0$0$248,077
91$742,236$0$0$243,141
92$730,198$0$0$236,749
93$714,168$0$0$228,722
94$693,652$0$0$218,863
95$668,103$0$0$206,953
96$636,913$0$0$192,749
97$599,414$0$0$175,985
98$554,862$0$0$156,363
99$502,436$0$0$133,556
100$441,229$0$0$107,202