Can I retire at age 58 with 367,000?

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 $367,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$30,307$30,037$29,773$29,516$29,265$28,875
2 years$15,003$14,724$14,453$14,190$13,936$13,544
3 years$9,903$9,622$9,352$9,092$8,841$8,459
4 years$7,353$7,073$6,806$6,550$6,306$5,937
5 years$5,824$5,546$5,282$5,031$4,794$4,438
6 years$4,804$4,528$4,268$4,024$3,793$3,452
7 years$4,077$3,803$3,547$3,308$3,085$2,758
8 years$3,531$3,260$3,008$2,775$2,559$2,247
9 years$3,107$2,838$2,591$2,364$2,155$1,857
10 years$2,768$2,502$2,259$2,037$1,836$1,552
11 years$2,491$2,227$1,989$1,773$1,579$1,309
12 years$2,260$1,999$1,765$1,555$1,369$1,112
13 years$2,064$1,807$1,577$1,373$1,193$950
14 years$1,897$1,642$1,417$1,219$1,046$816
15 years$1,752$1,500$1,279$1,087$921$703
16 years$1,626$1,376$1,160$973$814$608
17 years$1,514$1,267$1,055$875$722$527
18 years$1,415$1,171$963$788$642$458
19 years$1,327$1,085$882$712$572$399
20 years$1,247$1,009$809$645$511$348
21 years$1,175$940$744$585$457$305
22 years$1,110$877$686$532$410$267
23 years$1,051$820$634$485$368$234
24 years$996$769$586$442$331$205
25 years$946$721$543$404$298$180
26 years$900$678$503$369$268$158
27 years$857$638$467$338$242$139
28 years$818$601$434$310$218$122
29 years$781$567$404$284$197$108
30 years$747$536$377$261$178$95
31 years$715$506$351$239$161$83
32 years$685$479$328$220$145$74
33 years$657$454$306$202$132$65
34 years$631$430$286$186$119$57
35 years$606$408$267$171$108$50
36 years$583$387$250$158$98$44
37 years$561$368$234$145$89$39
38 years$540$349$219$134$80$35
39 years$520$332$205$124$73$31
40 years$502$316$192$114$66$27
41 years$484$301$180$105$60$24
42 years$467$287$169$97$54$21
43 years$451$273$159$90$49$19
44 years$436$260$149$83$45$16
45 years$422$248$140$76$41$14
46 years$408$237$131$71$37$13
47 years$395$226$123$65$34$11
48 years$382$216$116$60$30$10
49 years$370$206$109$56$28$9
50 years$358$197$103$51$25$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $367,000, adding $2,803 every year, while hoping to spend $24,588 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: 45/48/7 Blend
57$367,000$367,000$367,000$367,000
58$407,325$387,874$382,186$424,737
59$422,711$380,719$368,828$429,882
60$438,842$372,388$354,198$432,688
61$455,768$362,800$338,228$435,159
62$473,544$351,865$320,846$437,274
63$492,229$339,489$301,978$439,008
64$511,887$325,574$281,544$440,338
65$532,587$310,015$259,464$441,241
66$554,406$292,701$235,651$441,692
67$577,427$273,515$210,017$441,666
68$601,740$252,333$182,468$441,140
69$627,443$229,023$152,906$440,089
70$654,644$203,447$121,230$438,489
71$683,461$175,459$87,335$436,318
72$714,021$144,904$51,108$433,552
73$746,465$111,618$12,434$430,172
74$780,947$75,429$0$426,157
75$817,633$36,155$0$423,644
76$856,707$0$0$421,594
77$898,371$0$0$422,455
78$942,845$0$0$443,783
79$990,369$0$0$466,602
80$1,041,209$0$0$491,041
81$1,095,653$0$0$517,243
82$1,154,020$0$0$545,365
83$1,216,660$0$0$575,580
84$1,283,953$0$0$608,077
85$1,356,321$0$0$643,062
86$1,434,225$0$0$680,764
87$1,518,171$0$0$721,433
88$1,608,716$0$0$765,344
89$1,706,471$0$0$812,800
90$1,812,107$0$0$864,131
91$1,926,362$0$0$919,704
92$2,050,049$0$0$979,919
93$2,184,058$0$0$1,045,219
94$2,329,370$0$0$1,116,087
95$2,487,065$0$0$1,193,057
96$2,658,327$0$0$1,276,718
97$2,844,462$0$0$1,367,713
98$3,046,905$0$0$1,466,755
99$3,267,235$0$0$1,574,624
100$3,507,189$0$0$1,692,180