Can I retire at age 58 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$32,288$32,001$31,720$31,446$31,179$30,229
2 years$15,984$15,687$15,398$15,118$14,847$13,899
3 years$10,550$10,251$9,964$9,687$9,420$8,502
4 years$7,834$7,536$7,251$6,979$6,718$5,838
5 years$6,204$5,908$5,627$5,360$5,107$4,267
6 years$5,119$4,825$4,547$4,287$4,041$3,242
7 years$4,343$4,052$3,779$3,524$3,286$2,529
8 years$3,762$3,473$3,205$2,956$2,726$2,009
9 years$3,310$3,024$2,760$2,518$2,296$1,618
10 years$2,949$2,665$2,407$2,171$1,956$1,317
11 years$2,653$2,373$2,119$1,889$1,683$1,081
12 years$2,407$2,130$1,880$1,657$1,458$893
13 years$2,199$1,925$1,680$1,463$1,271$741
14 years$2,021$1,749$1,509$1,299$1,115$618
15 years$1,867$1,598$1,363$1,158$981$517
16 years$1,732$1,466$1,236$1,037$867$434
17 years$1,613$1,350$1,124$932$769$365
18 years$1,508$1,248$1,026$840$684$307
19 years$1,414$1,156$940$759$609$259
20 years$1,329$1,075$862$687$544$219
21 years$1,252$1,001$793$624$487$185
22 years$1,183$934$731$567$437$157
23 years$1,119$874$675$516$392$133
24 years$1,061$819$624$471$352$113
25 years$1,008$768$578$430$317$96
26 years$959$722$536$393$286$81
27 years$914$680$498$360$257$69
28 years$871$640$463$330$232$59
29 years$832$604$431$302$210$50
30 years$796$571$401$278$190$42
31 years$762$539$374$255$171$36
32 years$730$510$349$234$155$31
33 years$700$483$326$215$140$26
34 years$672$458$304$198$127$22
35 years$646$434$285$182$115$19
36 years$621$412$266$168$104$16
37 years$598$392$249$155$94$14
38 years$575$372$233$143$86$12
39 years$554$354$219$132$78$10
40 years$535$337$205$121$70$8
41 years$516$321$192$112$64$7
42 years$498$305$180$103$58$6
43 years$481$291$169$95$53$5
44 years$465$277$159$88$48$4
45 years$449$264$149$81$43$4
46 years$434$252$140$75$39$3
47 years$420$241$132$69$36$3
48 years$407$230$124$64$32$2
49 years$394$219$116$59$29$2
50 years$382$210$109$55$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $391,000, adding $5,520 every year, while hoping to spend $25,889 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: 38/32/30 Blend
57$391,000$391,000$391,000$391,000
58$436,576$415,853$409,792$449,103
59$453,561$408,684$395,975$451,669
60$471,411$400,296$380,826$451,687
61$490,186$390,602$364,276$451,222
62$509,954$379,510$346,247$450,246
63$530,785$366,922$326,663$448,733
64$552,759$352,735$305,440$446,655
65$575,961$336,840$282,493$443,986
66$600,484$319,120$257,731$440,698
67$626,431$299,454$231,063$436,763
68$653,912$277,713$202,389$432,154
69$683,049$253,759$171,607$426,845
70$713,975$227,448$138,611$420,809
71$746,836$198,628$103,289$414,022
72$781,788$167,136$65,525$406,461
73$819,008$132,803$25,197$398,102
74$858,684$95,448$0$388,926
75$901,026$54,881$0$384,626
76$946,262$10,901$0$388,456
77$994,641$0$0$392,374
78$1,046,439$0$0$409,345
79$1,101,955$0$0$431,684
80$1,161,522$0$0$455,690
81$1,225,499$0$0$481,514
82$1,294,286$0$0$509,321
83$1,368,318$0$0$539,294
84$1,448,075$0$0$571,631
85$1,534,083$0$0$606,553
86$1,626,921$0$0$644,300
87$1,727,223$0$0$685,137
88$1,835,689$0$0$729,356
89$1,953,085$0$0$777,277
90$2,080,255$0$0$829,252
91$2,218,127$0$0$885,669
92$2,367,722$0$0$946,952
93$2,530,160$0$0$1,013,572
94$2,706,676$0$0$1,086,042
95$2,898,628$0$0$1,164,930
96$3,107,509$0$0$1,250,861
97$3,334,962$0$0$1,344,520
98$3,582,796$0$0$1,446,664
99$3,853,001$0$0$1,558,125
100$4,147,766$0$0$1,679,817