Can I retire at age 58 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$34,188$33,883$33,586$33,296$33,013$31,741
2 years$16,925$16,609$16,304$16,008$15,720$14,454
3 years$11,171$10,854$10,550$10,256$9,974$8,753
4 years$8,295$7,979$7,677$7,389$7,113$5,947
5 years$6,569$6,256$5,958$5,676$5,407$4,299
6 years$5,420$5,108$4,815$4,539$4,279$3,229
7 years$4,599$4,290$4,001$3,732$3,480$2,488
8 years$3,983$3,677$3,393$3,130$2,887$1,952
9 years$3,505$3,202$2,923$2,666$2,431$1,553
10 years$3,122$2,822$2,548$2,298$2,071$1,247
11 years$2,809$2,512$2,243$2,000$1,781$1,010
12 years$2,549$2,255$1,991$1,755$1,544$822
13 years$2,329$2,038$1,779$1,549$1,346$673
14 years$2,140$1,852$1,598$1,375$1,180$553
15 years$1,977$1,692$1,443$1,226$1,039$456
16 years$1,834$1,553$1,308$1,098$918$376
17 years$1,708$1,430$1,190$987$814$312
18 years$1,597$1,321$1,087$889$724$258
19 years$1,497$1,224$995$803$645$215
20 years$1,407$1,138$913$728$576$178
21 years$1,326$1,060$840$660$516$149
22 years$1,252$989$774$600$462$124
23 years$1,185$925$715$547$415$103
24 years$1,124$867$661$499$373$86
25 years$1,067$814$612$455$336$72
26 years$1,015$765$568$416$302$60
27 years$967$720$527$381$273$50
28 years$923$678$490$349$246$42
29 years$881$640$456$320$222$35
30 years$843$604$425$294$201$29
31 years$807$571$396$270$181$24
32 years$773$540$370$248$164$20
33 years$741$512$345$228$149$17
34 years$712$485$322$210$134$14
35 years$684$460$301$193$122$12
36 years$658$437$282$178$110$10
37 years$633$415$264$164$100$8
38 years$609$394$247$151$91$7
39 years$587$375$232$139$82$6
40 years$566$357$217$129$75$5
41 years$546$339$203$119$68$4
42 years$527$323$191$109$61$3
43 years$509$308$179$101$56$3
44 years$492$294$168$93$51$2
45 years$476$280$158$86$46$2
46 years$460$267$148$80$42$2
47 years$445$255$139$74$38$1
48 years$431$243$131$68$34$1
49 years$417$232$123$63$31$1
50 years$404$222$116$58$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $414,000, adding $4,717 every year, while hoping to spend $20,230 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: 55/32/13 Blend
57$414,000$414,000$414,000$414,000
58$461,094$439,152$432,735$484,653
59$486,601$439,145$425,707$501,176
60$514,031$438,461$417,765$516,556
61$543,560$437,044$408,858$532,835
62$575,380$434,835$398,932$550,101
63$609,702$431,775$387,928$568,454
64$646,756$427,797$375,789$588,004
65$686,798$422,832$362,451$608,876
66$730,108$416,807$347,850$631,204
67$776,993$409,645$331,917$655,140
68$827,792$401,262$314,581$680,852
69$882,875$391,573$295,768$708,526
70$942,652$380,484$275,401$738,369
71$1,007,574$367,898$253,397$770,609
72$1,078,133$353,712$229,672$805,501
73$1,154,874$337,816$204,139$843,324
74$1,238,397$320,094$176,703$884,392
75$1,329,359$300,425$147,268$929,049
76$1,428,486$278,678$115,733$977,678
77$1,536,575$254,716$81,994$1,030,701
78$1,654,504$228,396$45,939$1,088,589
79$1,783,239$199,563$7,454$1,151,859
80$1,923,845$168,057$0$1,221,087
81$2,077,492$133,707$0$1,301,571
82$2,245,470$96,332$0$1,390,759
83$2,429,197$55,742$0$1,488,410
84$2,630,238$11,736$0$1,595,406
85$2,850,313$0$0$1,712,717
86$3,091,316$0$0$1,854,059
87$3,355,336$0$0$2,013,464
88$3,644,670$0$0$2,188,193
89$3,961,849$0$0$2,379,779
90$4,309,661$0$0$2,589,910
91$4,691,176$0$0$2,820,448
92$5,109,778$0$0$3,073,442
93$5,569,189$0$0$3,351,148
94$6,073,514$0$0$3,656,053
95$6,627,273$0$0$3,990,896
96$7,235,445$0$0$4,358,693
97$7,903,514$0$0$4,762,768
98$8,637,523$0$0$5,206,783
99$9,444,128$0$0$5,694,771
100$10,330,662$0$0$6,231,176