Can I retire at age 58 with 413,000?

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 $413,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$34,105$33,801$33,505$33,216$32,933$31,828
2 years$16,884$16,569$16,265$15,969$15,682$14,580
3 years$11,144$10,828$10,524$10,232$9,950$8,884
4 years$8,275$7,960$7,659$7,371$7,096$6,076
5 years$6,554$6,241$5,944$5,662$5,394$4,423
6 years$5,407$5,096$4,803$4,528$4,268$3,346
7 years$4,588$4,280$3,992$3,723$3,471$2,597
8 years$3,974$3,668$3,385$3,123$2,880$2,054
9 years$3,496$3,194$2,916$2,660$2,425$1,646
10 years$3,115$2,815$2,542$2,293$2,066$1,333
11 years$2,803$2,506$2,238$1,995$1,777$1,089
12 years$2,543$2,250$1,986$1,750$1,540$894
13 years$2,323$2,033$1,774$1,545$1,343$738
14 years$2,135$1,848$1,594$1,372$1,177$612
15 years$1,972$1,688$1,439$1,223$1,037$509
16 years$1,830$1,549$1,305$1,095$916$425
17 years$1,704$1,426$1,188$984$812$355
18 years$1,593$1,318$1,084$887$722$297
19 years$1,493$1,222$992$801$644$249
20 years$1,404$1,135$911$726$575$209
21 years$1,323$1,057$838$659$515$176
22 years$1,249$987$772$599$461$148
23 years$1,182$923$713$545$414$125
24 years$1,121$865$659$498$372$105
25 years$1,065$812$611$454$335$89
26 years$1,013$763$566$415$302$75
27 years$965$718$526$380$272$63
28 years$920$676$489$348$245$53
29 years$879$638$455$319$222$45
30 years$841$603$424$293$200$38
31 years$805$570$395$269$181$32
32 years$771$539$369$247$164$27
33 years$740$511$344$228$148$23
34 years$710$484$322$209$134$19
35 years$682$459$301$193$122$16
36 years$656$436$281$178$110$14
37 years$631$414$263$164$100$12
38 years$608$393$247$151$90$10
39 years$586$374$231$139$82$8
40 years$565$356$216$128$74$7
41 years$545$339$203$118$68$6
42 years$526$322$190$109$61$5
43 years$508$307$179$101$56$4
44 years$491$293$168$93$50$4
45 years$474$279$157$86$46$3
46 years$459$266$148$79$42$3
47 years$444$254$139$73$38$2
48 years$430$243$131$68$34$2
49 years$416$232$123$63$31$2
50 years$403$221$115$58$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $413,000, adding $6,085 every year, while hoping to spend $29,139 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: 73/12/15 Blend
57$413,000$413,000$413,000$413,000
58$461,403$439,514$433,112$493,113
59$477,462$430,046$416,618$505,466
60$494,183$419,138$398,594$514,834
61$511,602$406,688$378,959$524,321
62$529,759$392,589$357,628$533,935
63$548,695$376,727$334,510$543,679
64$568,458$358,983$309,512$553,563
65$589,096$339,228$282,536$563,594
66$610,663$317,330$253,479$573,783
67$633,216$293,144$222,237$584,142
68$656,818$266,522$188,695$594,685
69$681,536$237,305$152,740$605,428
70$707,444$205,324$114,248$616,391
71$734,621$170,402$73,092$627,594
72$763,153$132,352$29,141$639,065
73$793,133$90,977$0$650,831
74$824,664$46,066$0$665,769
75$857,856$0$0$686,236
76$892,830$0$0$707,974
77$929,716$0$0$737,324
78$968,657$0$0$768,317
79$1,009,811$0$0$801,079
80$1,053,345$0$0$835,746
81$1,099,448$0$0$872,468
82$1,148,320$0$0$911,406
83$1,200,185$0$0$952,739
84$1,255,284$0$0$996,662
85$1,313,882$0$0$1,043,387
86$1,376,270$0$0$1,093,148
87$1,442,766$0$0$1,146,200
88$1,513,716$0$0$1,202,822
89$1,589,503$0$0$1,263,320
90$1,670,544$0$0$1,328,030
91$1,757,296$0$0$1,397,319
92$1,850,263$0$0$1,471,592
93$1,949,995$0$0$1,551,291
94$2,057,095$0$0$1,636,901
95$2,172,229$0$0$1,728,955
96$2,296,123$0$0$1,828,040
97$2,429,578$0$0$1,934,798
98$2,573,472$0$0$2,049,934
99$2,728,769$0$0$2,174,224
100$2,896,530$0$0$2,308,521