Can I retire at age 58 with 376,000?

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 $376,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$31,050$30,773$30,503$30,240$29,983$29,819
2 years$15,371$15,085$14,807$14,538$14,278$14,112
3 years$10,146$9,858$9,581$9,315$9,058$8,896
4 years$7,533$7,247$6,973$6,711$6,460$6,303
5 years$5,966$5,682$5,411$5,155$4,911$4,760
6 years$4,922$4,639$4,373$4,122$3,886$3,740
7 years$4,177$3,896$3,634$3,389$3,160$3,020
8 years$3,618$3,340$3,082$2,843$2,622$2,487
9 years$3,183$2,908$2,654$2,422$2,208$2,079
10 years$2,836$2,563$2,314$2,087$1,881$1,758
11 years$2,552$2,282$2,037$1,817$1,618$1,500
12 years$2,315$2,048$1,808$1,593$1,402$1,289
13 years$2,115$1,851$1,615$1,407$1,223$1,115
14 years$1,944$1,682$1,451$1,249$1,072$969
15 years$1,795$1,537$1,311$1,114$944$846
16 years$1,666$1,410$1,188$997$834$741
17 years$1,552$1,299$1,081$896$739$652
18 years$1,450$1,200$987$807$658$574
19 years$1,359$1,112$904$730$586$507
20 years$1,278$1,033$829$661$523$449
21 years$1,204$963$763$600$468$398
22 years$1,137$899$703$545$420$353
23 years$1,076$840$649$497$377$314
24 years$1,021$787$600$453$339$279
25 years$969$739$556$414$305$249
26 years$922$694$516$378$275$222
27 years$878$654$479$346$248$198
28 years$838$616$445$317$223$177
29 years$800$581$414$291$202$158
30 years$765$549$386$267$182$141
31 years$733$519$360$245$165$127
32 years$702$491$336$225$149$113
33 years$673$465$313$207$135$101
34 years$646$441$293$191$122$91
35 years$621$418$274$175$111$81
36 years$597$397$256$162$100$73
37 years$575$377$240$149$91$65
38 years$553$358$224$137$82$59
39 years$533$340$210$127$75$53
40 years$514$324$197$117$68$47
41 years$496$308$185$108$61$42
42 years$479$294$173$99$56$38
43 years$462$280$163$92$51$34
44 years$447$267$153$85$46$31
45 years$432$254$143$78$42$27
46 years$418$243$135$72$38$25
47 years$404$231$127$67$34$22
48 years$391$221$119$62$31$20
49 years$379$211$112$57$28$18
50 years$367$202$105$53$26$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $376,000, adding $2,447 every year, while hoping to spend $34,453 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: 76/17/7 Blend
57$376,000$376,000$376,000$376,000
58$416,876$396,948$391,120$448,003
59$422,740$379,741$367,565$451,597
60$428,047$360,536$342,066$450,874
61$432,704$339,198$314,522$449,081
62$436,608$315,587$284,826$446,100
63$439,642$289,551$252,868$441,799
64$441,679$260,933$218,532$436,032
65$442,575$229,563$181,698$428,643
66$442,172$195,266$142,239$419,457
67$440,293$157,853$100,023$408,283
68$436,742$117,127$54,914$394,914
69$431,302$72,879$6,766$379,119
70$423,734$24,889$0$360,647
71$413,769$0$0$342,554
72$401,112$0$0$327,025
73$385,436$0$0$313,616
74$366,378$0$0$297,365
75$343,538$0$0$277,937
76$316,472$0$0$254,960
77$284,688$0$0$228,023
78$247,645$0$0$196,671
79$204,741$0$0$160,400
80$155,315$0$0$118,655
81$98,632$0$0$70,822
82$33,882$0$0$16,222
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0