Can I retire at age 58 with 399,000?

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 $399,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$32,949$32,656$32,369$32,090$31,817$31,656
2 years$16,311$16,008$15,713$15,428$15,151$14,989
3 years$10,766$10,461$10,167$9,885$9,612$9,454
4 years$7,994$7,690$7,399$7,121$6,856$6,702
5 years$6,331$6,029$5,742$5,470$5,212$5,063
6 years$5,223$4,923$4,641$4,374$4,124$3,980
7 years$4,432$4,135$3,856$3,596$3,354$3,216
8 years$3,839$3,544$3,270$3,017$2,782$2,650
9 years$3,378$3,086$2,817$2,570$2,343$2,216
10 years$3,009$2,720$2,456$2,215$1,996$1,875
11 years$2,708$2,421$2,162$1,928$1,717$1,601
12 years$2,457$2,173$1,919$1,691$1,488$1,377
13 years$2,244$1,964$1,714$1,493$1,297$1,192
14 years$2,063$1,785$1,540$1,325$1,137$1,037
15 years$1,905$1,631$1,391$1,182$1,001$905
16 years$1,768$1,496$1,261$1,058$885$794
17 years$1,646$1,378$1,147$951$785$698
18 years$1,539$1,273$1,047$857$698$616
19 years$1,443$1,180$959$774$622$544
20 years$1,356$1,097$880$701$556$482
21 years$1,278$1,021$809$636$497$427
22 years$1,207$954$746$579$446$380
23 years$1,142$892$689$527$400$338
24 years$1,083$836$637$481$360$301
25 years$1,029$784$590$439$324$268
26 years$979$737$547$401$291$240
27 years$932$694$508$367$263$214
28 years$889$654$472$337$237$191
29 years$849$617$440$309$214$171
30 years$812$582$409$283$193$153
31 years$777$550$382$260$175$137
32 years$745$521$356$239$158$123
33 years$715$493$333$220$143$110
34 years$686$467$311$202$130$99
35 years$659$443$290$186$117$88
36 years$634$421$272$172$106$79
37 years$610$400$254$158$96$71
38 years$587$380$238$146$87$64
39 years$566$361$223$134$79$57
40 years$545$344$209$124$72$51
41 years$526$327$196$114$65$46
42 years$508$312$184$105$59$42
43 years$491$297$173$97$54$37
44 years$474$283$162$90$49$34
45 years$458$270$152$83$44$30
46 years$443$257$143$77$40$27
47 years$429$246$134$71$36$24
48 years$415$234$126$65$33$22
49 years$402$224$119$61$30$20
50 years$390$214$111$56$27$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $399,000, adding $6,061 every year, while hoping to spend $22,845 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: 56/38/6 Blend
57$399,000$399,000$399,000$399,000
58$445,950$424,803$418,618$470,012
59$467,130$421,311$408,335$483,429
60$489,705$416,883$396,942$494,948
61$513,792$411,448$384,377$506,929
62$539,522$404,932$370,577$519,417
63$567,036$397,256$355,474$532,466
64$596,489$388,338$338,998$546,133
65$628,053$378,088$321,076$560,484
66$661,914$366,414$301,632$575,592
67$698,277$353,216$280,584$591,541
68$737,368$338,391$257,851$608,422
69$779,435$321,826$233,344$626,338
70$824,748$303,407$206,971$645,405
71$873,606$283,007$178,638$665,751
72$926,336$260,497$148,246$687,521
73$983,299$235,739$115,689$710,875
74$1,044,891$208,585$80,859$735,992
75$1,111,545$178,881$43,644$763,073
76$1,183,741$146,464$3,924$792,339
77$1,262,003$111,162$0$824,039
78$1,346,910$72,792$0$860,911
79$1,439,098$31,161$0$901,229
80$1,539,265$0$0$945,091
81$1,648,180$0$0$998,712
82$1,766,689$0$0$1,071,267
83$1,895,725$0$0$1,150,299
84$2,036,310$0$0$1,236,439
85$2,189,572$0$0$1,330,384
86$2,356,752$0$0$1,432,897
87$2,539,215$0$0$1,544,822
88$2,738,465$0$0$1,667,085
89$2,956,157$0$0$1,800,706
90$3,194,111$0$0$1,946,809
91$3,454,334$0$0$2,106,631
92$3,739,035$0$0$2,281,535
93$4,050,644$0$0$2,473,019
94$4,391,839$0$0$2,682,736
95$4,765,570$0$0$2,912,504
96$5,175,082$0$0$3,164,327
97$5,623,953$0$0$3,440,411
98$6,116,120$0$0$3,743,184
99$6,655,922$0$0$4,075,324
100$7,248,136$0$0$4,439,778