Can I retire at age 58 with 285,000?

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 $285,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$23,535$23,325$23,121$22,921$22,726$22,295
2 years$11,651$11,434$11,224$11,020$10,822$10,389
3 years$7,690$7,472$7,262$7,061$6,866$6,445
4 years$5,710$5,493$5,285$5,087$4,897$4,491
5 years$4,522$4,307$4,102$3,907$3,723$3,333
6 years$3,731$3,517$3,315$3,125$2,945$2,573
7 years$3,166$2,953$2,755$2,569$2,395$2,040
8 years$2,742$2,531$2,336$2,155$1,987$1,648
9 years$2,413$2,204$2,012$1,836$1,674$1,351
10 years$2,149$1,943$1,754$1,582$1,426$1,120
11 years$1,934$1,730$1,544$1,377$1,226$936
12 years$1,755$1,552$1,371$1,208$1,063$788
13 years$1,603$1,403$1,224$1,066$927$667
14 years$1,473$1,275$1,100$947$812$567
15 years$1,361$1,165$993$844$715$484
16 years$1,263$1,069$901$756$632$415
17 years$1,176$984$820$679$561$356
18 years$1,099$910$748$612$498$306
19 years$1,030$843$685$553$444$264
20 years$969$783$629$501$397$228
21 years$913$730$578$455$355$197
22 years$862$681$533$413$318$171
23 years$816$637$492$376$286$148
24 years$774$597$455$343$257$129
25 years$735$560$421$314$231$112
26 years$699$526$391$287$208$97
27 years$666$495$363$262$188$84
28 years$635$467$337$240$169$73
29 years$607$440$314$220$153$64
30 years$580$416$292$202$138$56
31 years$555$393$273$186$125$48
32 years$532$372$254$171$113$42
33 years$510$352$238$157$102$37
34 years$490$334$222$144$93$32
35 years$471$317$207$133$84$28
36 years$453$301$194$123$76$24
37 years$436$285$182$113$69$21
38 years$419$271$170$104$62$18
39 years$404$258$159$96$57$16
40 years$390$245$149$88$51$14
41 years$376$234$140$82$47$12
42 years$363$223$131$75$42$11
43 years$350$212$123$70$38$9
44 years$339$202$116$64$35$8
45 years$327$193$109$59$32$7
46 years$317$184$102$55$29$6
47 years$306$175$96$51$26$5
48 years$297$167$90$47$24$5
49 years$287$160$85$43$21$4
50 years$278$153$80$40$20$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $285,000, adding $3,066 every year, while hoping to spend $20,883 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: 47/44/9 Blend
57$285,000$285,000$285,000$285,000
58$317,233$302,128$297,710$331,220
59$327,371$294,712$285,464$333,750
60$337,844$286,234$272,108$334,069
61$348,662$276,618$257,582$333,936
62$359,840$265,787$241,825$333,314
63$371,390$253,656$224,772$332,166
64$383,325$240,139$206,356$330,454
65$395,660$225,142$186,505$328,133
66$408,411$208,567$165,146$325,162
67$421,592$190,311$142,202$321,491
68$435,221$170,262$117,592$317,073
69$449,315$148,307$91,233$311,854
70$463,892$124,321$63,036$305,779
71$478,972$98,175$32,911$298,791
72$494,574$69,732$760$290,827
73$510,720$38,849$0$281,823
74$527,432$5,371$0$274,932
75$544,735$0$0$267,148
76$562,653$0$0$273,273
77$581,213$0$0$282,314
78$600,442$0$0$291,685
79$620,372$0$0$301,399
80$641,032$0$0$311,472
81$662,458$0$0$321,922
82$684,684$0$0$332,767
83$707,749$0$0$344,024
84$731,693$0$0$355,716
85$756,560$0$0$367,863
86$782,396$0$0$380,488
87$809,250$0$0$393,618
88$837,175$0$0$407,277
89$866,228$0$0$421,495
90$896,470$0$0$436,303
91$927,965$0$0$451,734
92$960,786$0$0$467,822
93$995,006$0$0$484,607
94$1,030,707$0$0$502,130
95$1,067,978$0$0$520,435
96$1,106,912$0$0$539,570
97$1,147,613$0$0$559,588
98$1,190,191$0$0$580,544
99$1,234,766$0$0$602,500
100$1,281,467$0$0$625,522