Can I retire at age 58 with 390,000?

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 $390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$32,206$31,919$31,639$31,366$31,099$29,936
2 years$15,943$15,647$15,359$15,080$14,809$13,651
3 years$10,523$10,225$9,938$9,662$9,396$8,278
4 years$7,814$7,517$7,232$6,961$6,701$5,633
5 years$6,189$5,893$5,613$5,347$5,094$4,079
6 years$5,105$4,812$4,536$4,276$4,031$3,068
7 years$4,332$4,041$3,769$3,515$3,278$2,368
8 years$3,752$3,464$3,197$2,949$2,719$1,862
9 years$3,302$3,016$2,753$2,512$2,290$1,483
10 years$2,941$2,659$2,400$2,165$1,951$1,194
11 years$2,647$2,367$2,113$1,884$1,678$968
12 years$2,401$2,124$1,875$1,653$1,454$790
13 years$2,194$1,920$1,676$1,459$1,268$648
14 years$2,016$1,745$1,506$1,295$1,112$534
15 years$1,862$1,594$1,359$1,155$979$441
16 years$1,728$1,463$1,232$1,034$865$365
17 years$1,609$1,347$1,121$929$767$303
18 years$1,504$1,245$1,024$838$682$252
19 years$1,410$1,154$937$757$608$209
20 years$1,325$1,072$860$685$543$175
21 years$1,249$998$791$622$486$146
22 years$1,180$932$729$566$436$122
23 years$1,117$872$673$515$391$102
24 years$1,059$817$623$470$351$85
25 years$1,005$766$577$429$316$71
26 years$956$720$535$392$285$59
27 years$911$678$497$359$257$50
28 years$869$639$462$329$232$42
29 years$830$603$430$302$209$35
30 years$794$569$400$277$189$29
31 years$760$538$373$254$171$24
32 years$728$509$348$234$155$20
33 years$698$482$325$215$140$17
34 years$670$457$304$198$127$14
35 years$644$433$284$182$115$12
36 years$619$411$266$168$104$10
37 years$596$391$249$154$94$8
38 years$574$371$233$142$85$7
39 years$553$353$218$131$77$6
40 years$533$336$204$121$70$5
41 years$514$320$192$112$64$4
42 years$497$305$180$103$58$3
43 years$480$290$169$95$52$3
44 years$463$277$158$88$48$2
45 years$448$264$149$81$43$2
46 years$433$252$140$75$39$2
47 years$419$240$131$69$36$1
48 years$406$229$123$64$32$1
49 years$393$219$116$59$29$1
50 years$381$209$109$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $390,000, adding $5,774 every year, while hoping to spend $24,884 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: 78/17/5 Blend
57$390,000$390,000$390,000$390,000
58$435,736$415,066$409,021$469,163
59$453,705$408,928$396,247$485,758
60$472,672$401,655$382,211$500,114
61$492,714$393,165$366,844$515,110
62$513,913$383,372$350,075$530,798
63$536,358$372,184$331,829$547,236
64$560,149$359,504$312,028$564,486
65$585,393$345,228$290,590$582,618
66$612,207$329,248$267,428$601,709
67$640,720$311,449$242,455$621,846
68$671,073$291,709$215,576$643,122
69$703,418$269,899$186,694$665,642
70$737,926$245,883$155,708$689,522
71$774,781$219,517$122,510$714,888
72$814,184$190,650$86,990$741,883
73$856,359$159,119$49,032$770,662
74$901,548$124,756$8,515$801,398
75$950,018$87,382$0$834,283
76$1,002,062$46,806$0$871,379
77$1,058,002$2,829$0$911,674
78$1,118,190$0$0$954,978
79$1,183,014$0$0$1,009,957
80$1,252,899$0$0$1,069,810
81$1,328,313$0$0$1,134,408
82$1,409,769$0$0$1,204,193
83$1,497,831$0$0$1,279,648
84$1,593,120$0$0$1,361,309
85$1,696,318$0$0$1,449,759
86$1,808,174$0$0$1,545,643
87$1,929,512$0$0$1,649,671
88$2,061,240$0$0$1,762,619
89$2,204,353$0$0$1,885,346
90$2,359,950$0$0$2,018,793
91$2,529,236$0$0$2,163,998
92$2,713,539$0$0$2,322,102
93$2,914,320$0$0$2,494,359
94$3,133,187$0$0$2,682,152
95$3,371,909$0$0$2,887,001
96$3,632,433$0$0$3,110,580
97$3,916,903$0$0$3,354,730
98$4,227,679$0$0$3,621,480
99$4,567,359$0$0$3,913,063
100$4,938,802$0$0$4,231,936