Can I retire at age 58 with 412,000?

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 $412,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$34,023$33,720$33,424$33,135$32,853$32,336
2 years$16,843$16,529$16,225$15,930$15,645$15,124
3 years$11,117$10,802$10,499$10,207$9,926$9,419
4 years$8,255$7,941$7,640$7,353$7,079$6,590
5 years$6,538$6,226$5,929$5,648$5,381$4,911
6 years$5,393$5,084$4,792$4,517$4,258$3,808
7 years$4,576$4,269$3,982$3,714$3,463$3,032
8 years$3,964$3,660$3,377$3,115$2,873$2,462
9 years$3,488$3,186$2,909$2,653$2,419$2,027
10 years$3,107$2,809$2,536$2,287$2,061$1,689
11 years$2,796$2,500$2,232$1,991$1,773$1,419
12 years$2,537$2,244$1,981$1,746$1,536$1,200
13 years$2,318$2,028$1,770$1,542$1,340$1,021
14 years$2,130$1,843$1,590$1,368$1,174$873
15 years$1,967$1,684$1,436$1,220$1,034$750
16 years$1,825$1,545$1,302$1,093$914$646
17 years$1,700$1,423$1,185$982$810$558
18 years$1,589$1,315$1,081$885$720$483
19 years$1,490$1,219$990$799$642$419
20 years$1,400$1,132$909$724$574$364
21 years$1,320$1,055$836$657$513$316
22 years$1,246$985$770$597$460$276
23 years$1,179$921$711$544$413$240
24 years$1,118$863$658$496$371$210
25 years$1,062$810$609$453$334$183
26 years$1,010$761$565$414$301$160
27 years$963$716$525$379$271$140
28 years$918$675$488$348$245$123
29 years$877$637$454$319$221$108
30 years$839$601$423$292$200$94
31 years$803$568$394$269$181$83
32 years$769$538$368$247$163$72
33 years$738$509$343$227$148$64
34 years$708$483$321$209$134$56
35 years$681$458$300$192$121$49
36 years$654$435$281$177$110$43
37 years$630$413$263$163$100$38
38 years$606$392$246$150$90$33
39 years$584$373$230$139$82$29
40 years$563$355$216$128$74$25
41 years$543$338$203$118$67$22
42 years$525$322$190$109$61$20
43 years$507$307$178$101$55$17
44 years$490$292$167$93$50$15
45 years$473$279$157$86$46$13
46 years$458$266$148$79$41$12
47 years$443$254$139$73$38$10
48 years$429$242$130$68$34$9
49 years$415$231$122$62$31$8
50 years$402$221$115$58$28$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $412,000, adding $3,588 every year, while hoping to spend $27,269 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: 45/45/10 Blend
57$412,000$412,000$412,000$412,000
58$457,725$435,889$429,503$476,873
59$475,399$428,234$414,877$482,844
60$493,962$419,289$398,848$486,236
61$513,475$408,964$381,339$489,296
62$534,006$397,160$362,270$492,004
63$555,629$383,774$341,560$494,339
64$578,422$368,698$319,122$496,281
65$602,473$351,817$294,864$497,808
66$627,877$333,007$268,693$498,900
67$654,736$312,140$240,510$499,537
68$683,163$289,079$210,211$499,700
69$713,282$263,680$177,689$499,371
70$745,226$235,790$142,832$498,534
71$779,143$205,247$105,521$497,171
72$815,194$171,883$65,634$495,271
73$853,554$135,516$23,043$492,823
74$894,417$95,955$0$489,817
75$937,991$53,001$0$488,642
76$984,509$6,442$0$489,683
77$1,034,224$0$0$490,501
78$1,087,412$0$0$512,882
79$1,144,378$0$0$540,301
80$1,205,455$0$0$569,732
81$1,271,009$0$0$601,357
82$1,341,442$0$0$635,373
83$1,417,193$0$0$671,998
84$1,498,747$0$0$711,470
85$1,586,635$0$0$754,054
86$1,681,440$0$0$800,036
87$1,783,804$0$0$849,734
88$1,894,432$0$0$903,496
89$2,014,097$0$0$961,705
90$2,143,650$0$0$1,024,783
91$2,284,027$0$0$1,093,191
92$2,436,257$0$0$1,167,439
93$2,601,471$0$0$1,248,086
94$2,780,914$0$0$1,335,749
95$2,975,954$0$0$1,431,105
96$3,188,096$0$0$1,534,900
97$3,418,998$0$0$1,647,952
98$3,670,482$0$0$1,771,166
99$3,944,553$0$0$1,905,534
100$4,243,420$0$0$2,052,149