Can I retire at age 58 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$34,766$34,456$34,154$33,859$33,571$32,680
2 years$17,211$16,890$16,580$16,278$15,986$15,095
3 years$11,360$11,038$10,728$10,430$10,142$9,278
4 years$8,435$8,114$7,807$7,514$7,234$6,404
5 years$6,681$6,362$6,059$5,771$5,499$4,705
6 years$5,511$5,195$4,896$4,616$4,351$3,595
7 years$4,676$4,362$4,069$3,795$3,539$2,819
8 years$4,051$3,739$3,451$3,183$2,936$2,253
9 years$3,564$3,256$2,972$2,711$2,472$1,826
10 years$3,175$2,870$2,591$2,337$2,106$1,496
11 years$2,857$2,555$2,281$2,034$1,812$1,235
12 years$2,592$2,293$2,025$1,784$1,570$1,027
13 years$2,368$2,072$1,809$1,575$1,369$858
14 years$2,176$1,884$1,625$1,398$1,200$721
15 years$2,010$1,721$1,467$1,247$1,057$607
16 years$1,865$1,579$1,330$1,117$934$513
17 years$1,737$1,454$1,211$1,003$828$434
18 years$1,624$1,344$1,105$904$736$369
19 years$1,522$1,245$1,012$817$656$313
20 years$1,431$1,157$928$740$586$267
21 years$1,348$1,078$854$672$525$227
22 years$1,274$1,006$787$611$470$194
23 years$1,205$941$727$556$422$166
24 years$1,143$882$672$507$379$142
25 years$1,085$827$623$463$341$121
26 years$1,033$778$577$423$307$104
27 years$984$732$536$388$277$89
28 years$938$690$498$355$250$76
29 years$896$651$464$326$226$65
30 years$857$614$432$299$204$56
31 years$820$581$403$275$185$48
32 years$786$550$376$252$167$41
33 years$754$520$351$232$151$35
34 years$724$493$328$213$137$30
35 years$695$468$306$196$124$26
36 years$669$444$287$181$112$22
37 years$643$422$268$167$102$19
38 years$620$401$251$154$92$16
39 years$597$381$235$142$84$14
40 years$576$363$221$131$76$12
41 years$555$345$207$121$69$10
42 years$536$329$194$111$62$9
43 years$518$313$182$103$57$8
44 years$500$299$171$95$51$7
45 years$484$285$161$88$47$6
46 years$468$272$151$81$42$5
47 years$453$259$142$75$39$4
48 years$438$247$133$69$35$4
49 years$424$236$125$64$32$3
50 years$411$226$118$59$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $421,000, adding $3,443 every year, while hoping to spend $21,264 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: 41/34/25 Blend
57$421,000$421,000$421,000$421,000
58$467,493$445,180$438,655$483,101
59$492,553$444,370$430,725$493,835
60$519,456$442,806$421,817$503,179
61$548,368$440,431$411,875$512,876
62$579,471$437,182$400,842$522,969
63$612,964$432,990$388,658$533,511
64$649,066$427,787$375,258$544,559
65$688,019$421,497$360,577$556,178
66$730,086$414,040$344,546$568,440
67$775,559$405,332$327,092$581,430
68$824,757$395,284$308,140$595,239
69$878,031$383,801$287,612$609,973
70$935,767$370,784$265,423$625,748
71$998,389$356,127$241,489$642,698
72$1,066,365$339,717$215,719$660,969
73$1,140,208$321,437$188,020$680,727
74$1,220,483$301,161$158,292$702,158
75$1,307,811$278,756$126,433$725,468
76$1,402,876$254,084$92,337$750,889
77$1,506,430$226,994$55,891$778,679
78$1,619,301$197,332$16,978$809,126
79$1,742,400$164,932$0$842,552
80$1,876,730$129,619$0$885,863
81$2,023,394$91,208$0$938,168
82$2,183,609$49,506$0$995,412
83$2,358,711$4,306$0$1,058,127
84$2,550,173$0$0$1,126,900
85$2,759,617$0$0$1,219,072
86$2,988,828$0$0$1,321,759
87$3,239,772$0$0$1,434,238
88$3,514,613$0$0$1,557,486
89$3,815,737$0$0$1,692,579
90$4,145,769$0$0$1,840,703
91$4,507,599$0$0$2,003,164
92$4,904,414$0$0$2,181,399
93$5,339,720$0$0$2,376,992
94$5,817,382$0$0$2,591,687
95$6,341,656$0$0$2,827,408
96$6,917,228$0$0$3,086,270
97$7,549,264$0$0$3,370,606
98$8,243,452$0$0$3,682,984
99$9,006,057$0$0$4,026,235
100$9,843,985$0$0$4,403,476