Can I retire at age 58 with 409,000?

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 $409,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$33,775$33,474$33,180$32,894$32,614$31,659
2 years$16,720$16,409$16,107$15,814$15,531$14,576
3 years$11,036$10,723$10,422$10,132$9,853$8,929
4 years$8,195$7,883$7,585$7,300$7,027$6,141
5 years$6,490$6,180$5,886$5,607$5,342$4,496
6 years$5,354$5,047$4,757$4,484$4,227$3,421
7 years$4,543$4,238$3,953$3,687$3,438$2,673
8 years$3,935$3,633$3,352$3,093$2,852$2,127
9 years$3,462$3,163$2,887$2,634$2,402$1,717
10 years$3,085$2,788$2,517$2,271$2,046$1,400
11 years$2,776$2,482$2,216$1,976$1,760$1,151
12 years$2,518$2,228$1,967$1,733$1,525$953
13 years$2,301$2,013$1,757$1,530$1,330$792
14 years$2,114$1,830$1,579$1,358$1,166$662
15 years$1,953$1,672$1,426$1,211$1,026$555
16 years$1,812$1,534$1,292$1,085$907$467
17 years$1,688$1,413$1,176$975$804$393
18 years$1,577$1,305$1,074$878$715$332
19 years$1,479$1,210$983$794$638$281
20 years$1,390$1,124$902$719$569$238
21 years$1,310$1,047$830$652$510$202
22 years$1,237$977$765$593$457$171
23 years$1,171$914$706$540$410$145
24 years$1,110$856$653$493$369$123
25 years$1,054$804$605$450$332$105
26 years$1,003$755$561$411$299$89
27 years$956$711$521$377$269$76
28 years$912$670$484$345$243$65
29 years$871$632$451$316$219$55
30 years$833$597$420$290$198$47
31 years$797$564$391$267$179$40
32 years$764$534$365$245$162$34
33 years$732$506$341$225$147$29
34 years$703$479$318$207$133$25
35 years$676$454$298$191$120$21
36 years$650$431$279$176$109$18
37 years$625$410$261$162$99$15
38 years$602$389$244$149$90$13
39 years$580$370$229$138$81$11
40 years$559$352$214$127$74$10
41 years$539$335$201$117$67$8
42 years$521$319$189$108$61$7
43 years$503$304$177$100$55$6
44 years$486$290$166$92$50$5
45 years$470$277$156$85$45$4
46 years$454$264$146$79$41$4
47 years$440$252$138$73$37$3
48 years$426$240$129$67$34$3
49 years$412$230$122$62$31$2
50 years$399$219$114$57$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $409,000, adding $6,177 every year, while hoping to spend $32,209 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: 62/10/28 Blend
57$409,000$409,000$409,000$409,000
58$457,090$435,413$429,073$481,648
59$469,443$422,478$409,177$486,124
60$481,976$407,829$387,535$486,972
61$494,675$391,350$364,054$487,211
62$507,520$372,914$338,638$486,787
63$520,490$352,391$311,186$485,644
64$533,561$329,639$281,592$483,719
65$546,706$304,512$249,746$480,946
66$559,890$276,854$215,533$477,253
67$573,078$246,499$178,833$472,563
68$586,228$213,273$139,519$466,793
69$599,292$176,992$97,462$459,853
70$612,216$137,462$52,524$451,646
71$624,940$94,475$4,561$442,069
72$637,396$47,817$0$431,009
73$649,507$0$0$432,273
74$661,187$0$0$434,464
75$672,339$0$0$441,539
76$682,855$0$0$448,162
77$692,616$0$0$454,252
78$701,485$0$0$459,714
79$709,313$0$0$464,446
80$715,932$0$0$468,332
81$721,155$0$0$471,245
82$724,776$0$0$473,043
83$726,563$0$0$473,566
84$726,260$0$0$472,639
85$723,582$0$0$470,066
86$718,212$0$0$465,632
87$709,802$0$0$459,096
88$697,961$0$0$450,190
89$682,258$0$0$438,621
90$662,216$0$0$424,061
91$637,307$0$0$406,148
92$606,945$0$0$384,481
93$570,482$0$0$358,616
94$527,201$0$0$328,063
95$476,309$0$0$292,279
96$416,929$0$0$250,664
97$348,091$0$0$202,554
98$268,724$0$0$147,216
99$177,643$0$0$83,840
100$73,539$0$0$11,529