Can I retire at age 58 with 363,000?

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 $363,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$29,976$29,709$29,449$29,194$28,946$27,897
2 years$14,840$14,563$14,295$14,036$13,784$12,738
3 years$9,795$9,517$9,250$8,993$8,745$7,736
4 years$7,273$6,996$6,732$6,479$6,237$5,272
5 years$5,760$5,485$5,224$4,976$4,741$3,823
6 years$4,752$4,479$4,222$3,980$3,752$2,881
7 years$4,032$3,761$3,508$3,272$3,051$2,228
8 years$3,493$3,224$2,975$2,745$2,531$1,754
9 years$3,073$2,807$2,563$2,338$2,132$1,400
10 years$2,738$2,475$2,234$2,015$1,816$1,129
11 years$2,463$2,203$1,967$1,754$1,562$918
12 years$2,235$1,977$1,746$1,538$1,354$750
13 years$2,042$1,787$1,560$1,358$1,180$617
14 years$1,877$1,624$1,401$1,206$1,035$509
15 years$1,733$1,484$1,265$1,075$911$421
16 years$1,608$1,361$1,147$963$805$349
17 years$1,498$1,254$1,044$865$714$291
18 years$1,400$1,158$953$780$635$242
19 years$1,312$1,074$872$704$566$202
20 years$1,234$998$801$638$505$169
21 years$1,163$929$736$579$452$141
22 years$1,098$867$679$526$405$118
23 years$1,039$811$627$479$364$99
24 years$985$760$580$437$327$83
25 years$936$713$537$399$294$69
26 years$890$670$498$365$265$58
27 years$848$631$462$334$239$49
28 years$809$595$430$306$216$41
29 years$773$561$400$281$195$34
30 years$739$530$372$258$176$29
31 years$707$501$347$237$159$24
32 years$678$474$324$218$144$20
33 years$650$449$303$200$130$17
34 years$624$425$283$184$118$14
35 years$600$403$264$169$107$12
36 years$577$383$247$156$97$10
37 years$555$364$231$144$88$9
38 years$534$346$217$133$80$7
39 years$515$329$203$122$72$6
40 years$496$313$190$113$65$5
41 years$479$298$178$104$59$4
42 years$462$283$167$96$54$4
43 years$446$270$157$89$49$3
44 years$431$257$147$82$44$3
45 years$417$245$138$76$40$2
46 years$403$234$130$70$37$2
47 years$390$223$122$64$33$1
48 years$378$213$115$60$30$1
49 years$366$204$108$55$27$1
50 years$354$195$101$51$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $363,000, adding $3,182 every year, while hoping to spend $22,002 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: 53/26/21 Blend
57$363,000$363,000$363,000$363,000
58$403,308$384,069$378,443$422,200
59$421,036$379,479$367,711$430,944
60$439,834$373,926$355,882$437,896
61$459,789$367,340$342,896$444,992
62$480,995$359,647$328,690$452,254
63$503,554$350,768$313,199$459,706
64$527,580$340,619$296,355$467,377
65$553,196$329,111$278,085$475,297
66$580,535$316,152$258,314$483,506
67$609,748$301,641$236,966$492,044
68$640,995$285,474$213,957$500,961
69$674,454$267,540$189,202$510,311
70$710,320$247,722$162,612$520,157
71$748,808$225,895$134,095$530,571
72$790,152$201,929$103,552$541,631
73$834,609$175,685$70,883$553,430
74$882,462$147,017$35,980$566,069
75$934,022$115,769$0$579,664
76$989,630$81,780$0$594,628
77$1,049,661$44,875$0$619,446
78$1,114,526$4,874$0$646,236
79$1,184,678$0$0$675,212
80$1,260,614$0$0$717,598
81$1,342,881$0$0$765,059
82$1,432,081$0$0$816,550
83$1,528,874$0$0$872,457
84$1,633,988$0$0$933,204
85$1,748,222$0$0$999,258
86$1,872,457$0$0$1,071,132
87$2,007,660$0$0$1,149,389
88$2,154,896$0$0$1,234,653
89$2,315,338$0$0$1,327,607
90$2,490,275$0$0$1,429,003
91$2,681,126$0$0$1,539,669
92$2,889,456$0$0$1,660,519
93$3,116,982$0$0$1,792,555
94$3,365,600$0$0$1,936,882
95$3,637,394$0$0$2,094,717
96$3,934,658$0$0$2,267,401
97$4,259,920$0$0$2,456,407
98$4,615,962$0$0$2,663,360
99$5,005,849$0$0$2,890,049
100$5,432,954$0$0$3,138,444