Can I retire at age 58 with 385,000?

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 $385,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$31,793$31,510$31,233$30,964$30,700$30,279
2 years$15,739$15,446$15,162$14,886$14,619$14,196
3 years$10,388$10,094$9,811$9,538$9,275$8,862
4 years$7,714$7,420$7,140$6,872$6,615$6,216
5 years$6,109$5,818$5,541$5,278$5,029$4,645
6 years$5,040$4,750$4,478$4,221$3,979$3,611
7 years$4,277$3,989$3,721$3,470$3,236$2,883
8 years$3,704$3,420$3,156$2,911$2,685$2,348
9 years$3,259$2,977$2,718$2,480$2,261$1,939
10 years$2,904$2,624$2,370$2,137$1,926$1,620
11 years$2,613$2,336$2,086$1,860$1,657$1,365
12 years$2,370$2,097$1,851$1,632$1,436$1,159
13 years$2,166$1,895$1,654$1,440$1,252$990
14 years$1,990$1,723$1,486$1,279$1,097$849
15 years$1,838$1,574$1,342$1,140$966$731
16 years$1,706$1,444$1,217$1,021$854$632
17 years$1,589$1,330$1,107$917$757$548
18 years$1,485$1,229$1,011$827$673$476
19 years$1,392$1,139$925$747$600$414
20 years$1,308$1,058$849$677$536$361
21 years$1,233$986$781$614$480$315
22 years$1,165$920$720$558$430$276
23 years$1,102$861$665$508$386$242
24 years$1,045$806$615$464$347$212
25 years$993$757$569$424$312$186
26 years$944$711$528$387$281$163
27 years$900$669$490$354$254$143
28 years$858$631$456$325$229$126
29 years$820$595$424$298$207$111
30 years$784$562$395$273$187$97
31 years$750$531$368$251$169$86
32 years$719$503$344$231$153$75
33 years$689$476$321$212$138$66
34 years$662$451$300$195$125$59
35 years$636$428$280$180$113$52
36 years$611$406$262$165$103$45
37 years$588$386$245$152$93$40
38 years$567$367$230$141$84$35
39 years$546$349$215$130$76$31
40 years$526$332$202$120$69$27
41 years$508$316$189$110$63$24
42 years$490$301$178$102$57$21
43 years$473$286$167$94$52$19
44 years$457$273$156$87$47$17
45 years$442$260$147$80$43$15
46 years$428$248$138$74$39$13
47 years$414$237$130$68$35$11
48 years$401$226$122$63$32$10
49 years$388$216$114$58$29$9
50 years$376$206$108$54$26$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $385,000, adding $6,195 every year, while hoping to spend $20,622 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: 43/28/29 Blend
57$385,000$385,000$385,000$385,000
58$430,660$410,255$404,288$445,314
59$452,646$408,416$395,890$454,581
60$476,183$405,796$386,519$462,203
61$501,408$402,334$376,122$470,071
62$528,470$397,967$364,641$478,221
63$557,535$392,628$352,016$486,692
64$588,781$386,244$338,187$495,531
65$622,407$378,741$323,087$504,790
66$658,631$370,038$306,649$514,528
67$697,691$360,049$288,801$524,812
68$739,849$348,685$269,469$535,717
69$785,394$335,851$248,577$547,328
70$834,641$321,445$226,041$559,743
71$887,940$305,361$201,779$573,069
72$945,673$287,486$175,701$587,427
73$1,008,260$267,701$147,715$602,955
74$1,076,163$245,880$117,725$619,806
75$1,149,893$221,889$85,630$638,151
76$1,230,007$195,587$51,324$658,183
77$1,317,122$166,825$14,697$680,117
78$1,411,915$135,446$0$704,193
79$1,515,131$101,283$0$738,226
80$1,627,590$64,161$0$780,314
81$1,750,194$23,895$0$826,276
82$1,883,936$0$0$876,525
83$2,029,909$0$0$937,591
84$2,189,317$0$0$1,012,363
85$2,363,483$0$0$1,094,104
86$2,553,866$0$0$1,183,504
87$2,762,072$0$0$1,281,324
88$2,989,868$0$0$1,388,401
89$3,239,200$0$0$1,505,655
90$3,512,211$0$0$1,634,102
91$3,811,261$0$0$1,774,859
92$4,138,950$0$0$1,929,157
93$4,498,140$0$0$2,098,351
94$4,891,983$0$0$2,283,934
95$5,323,952$0$0$2,487,550
96$5,797,871$0$0$2,711,010
97$6,317,952$0$0$2,956,310
98$6,888,836$0$0$3,225,647
99$7,515,633$0$0$3,521,442
100$8,203,973$0$0$3,846,362