Can I retire at age 58 with 277,000?

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 $277,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$22,874$22,671$22,472$22,278$22,088$21,493
2 years$11,324$11,113$10,909$10,710$10,518$9,923
3 years$7,474$7,263$7,059$6,862$6,673$6,096
4 years$5,550$5,339$5,137$4,944$4,759$4,205
5 years$4,396$4,186$3,986$3,797$3,618$3,088
6 years$3,626$3,418$3,222$3,037$2,863$2,358
7 years$3,077$2,870$2,677$2,497$2,328$1,849
8 years$2,665$2,460$2,270$2,094$1,931$1,476
9 years$2,345$2,142$1,956$1,784$1,627$1,196
10 years$2,089$1,888$1,705$1,538$1,386$979
11 years$1,880$1,681$1,501$1,338$1,192$808
12 years$1,706$1,509$1,332$1,174$1,033$671
13 years$1,558$1,363$1,190$1,036$901$561
14 years$1,432$1,239$1,069$920$790$470
15 years$1,323$1,132$965$820$695$396
16 years$1,227$1,039$875$735$614$334
17 years$1,143$957$797$660$545$283
18 years$1,068$884$727$595$484$240
19 years$1,001$819$666$538$432$204
20 years$941$761$611$487$386$173
21 years$887$709$562$442$345$148
22 years$838$662$518$402$309$126
23 years$793$619$478$366$278$107
24 years$752$580$442$334$250$92
25 years$714$544$410$305$225$78
26 years$679$512$380$279$202$67
27 years$647$481$353$255$182$57
28 years$617$454$328$234$165$49
29 years$590$428$305$214$149$42
30 years$564$404$284$197$134$36
31 years$540$382$265$181$121$31
32 years$517$362$247$166$110$26
33 years$496$342$231$153$99$23
34 years$476$325$216$140$90$19
35 years$458$308$202$129$81$17
36 years$440$292$189$119$74$14
37 years$423$277$177$110$67$12
38 years$408$264$165$101$61$10
39 years$393$251$155$93$55$9
40 years$379$239$145$86$50$8
41 years$365$227$136$79$45$7
42 years$353$216$128$73$41$6
43 years$341$206$120$68$37$5
44 years$329$196$112$62$34$4
45 years$318$187$106$58$31$4
46 years$308$179$99$53$28$3
47 years$298$171$93$49$25$3
48 years$288$163$88$45$23$2
49 years$279$155$82$42$21$2
50 years$270$148$77$39$19$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $277,000, adding $4,556 every year, while hoping to spend $20,878 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: 57/24/19 Blend
57$277,000$277,000$277,000$277,000
58$309,954$295,273$290,979$325,812
59$319,355$287,527$278,513$329,372
60$329,015$278,702$264,929$330,604
61$338,939$268,723$250,169$331,482
62$349,131$257,510$234,169$331,976
63$359,594$244,980$216,866$332,054
64$370,333$231,044$198,191$331,684
65$381,349$215,608$178,073$330,830
66$392,647$198,572$156,438$329,453
67$404,227$179,833$133,209$327,515
68$416,092$159,278$108,305$324,971
69$428,242$136,791$81,642$321,776
70$440,677$112,248$53,131$317,882
71$453,396$85,519$22,682$313,238
72$466,397$56,464$0$307,788
73$479,677$24,939$0$303,465
74$493,232$0$0$303,251
75$507,055$0$0$304,933
76$521,138$0$0$313,353
77$535,473$0$0$321,916
78$550,047$0$0$330,615
79$564,845$0$0$339,442
80$579,853$0$0$348,385
81$595,049$0$0$357,431
82$610,410$0$0$366,565
83$625,910$0$0$375,770
84$641,518$0$0$385,027
85$657,199$0$0$394,312
86$672,913$0$0$403,599
87$688,612$0$0$412,859
88$704,245$0$0$422,059
89$719,753$0$0$431,160
90$735,068$0$0$440,120
91$750,115$0$0$448,892
92$764,809$0$0$457,420
93$779,055$0$0$465,644
94$792,745$0$0$473,496
95$805,759$0$0$480,901
96$817,964$0$0$487,772
97$829,210$0$0$494,016
98$839,329$0$0$499,527
99$848,134$0$0$504,186
100$855,418$0$0$507,861