Can I retire at age 58 with 425,000?

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 $425,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$35,096$34,783$34,478$34,181$33,890$33,370
2 years$17,374$17,051$16,737$16,433$16,138$15,615
3 years$11,468$11,143$10,830$10,529$10,239$9,729
4 years$8,515$8,191$7,881$7,585$7,302$6,811
5 years$6,744$6,422$6,116$5,826$5,551$5,078
6 years$5,564$5,244$4,943$4,659$4,392$3,939
7 years$4,721$4,404$4,108$3,831$3,572$3,139
8 years$4,089$3,775$3,484$3,213$2,963$2,550
9 years$3,598$3,287$3,000$2,737$2,496$2,101
10 years$3,205$2,897$2,616$2,359$2,126$1,751
11 years$2,884$2,579$2,303$2,053$1,829$1,472
12 years$2,617$2,315$2,044$1,801$1,585$1,246
13 years$2,391$2,092$1,826$1,590$1,382$1,061
14 years$2,197$1,902$1,641$1,412$1,211$908
15 years$2,029$1,737$1,481$1,259$1,067$780
16 years$1,883$1,594$1,343$1,127$943$672
17 years$1,754$1,468$1,222$1,013$836$581
18 years$1,639$1,356$1,116$913$743$503
19 years$1,537$1,257$1,021$825$662$437
20 years$1,444$1,168$937$747$592$380
21 years$1,361$1,088$862$678$530$331
22 years$1,286$1,016$795$616$475$288
23 years$1,217$950$734$561$426$252
24 years$1,154$890$679$512$383$220
25 years$1,096$835$628$468$345$192
26 years$1,042$785$583$428$310$168
27 years$993$739$541$391$280$147
28 years$947$696$503$359$253$129
29 years$905$657$468$329$228$113
30 years$865$620$436$302$206$99
31 years$828$586$407$277$186$87
32 years$794$555$379$255$168$76
33 years$761$525$354$234$152$67
34 years$731$498$331$215$138$59
35 years$702$472$309$198$125$52
36 years$675$448$289$183$113$45
37 years$650$426$271$168$103$40
38 years$625$405$254$155$93$35
39 years$603$385$238$143$84$31
40 years$581$366$223$132$77$27
41 years$561$348$209$122$69$24
42 years$541$332$196$112$63$21
43 years$523$316$184$104$57$18
44 years$505$301$173$96$52$16
45 years$488$287$162$88$47$14
46 years$472$274$152$82$43$12
47 years$457$262$143$75$39$11
48 years$442$250$134$70$35$10
49 years$428$239$126$64$32$8
50 years$415$228$119$60$29$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $425,000, adding $5,583 every year, while hoping to spend $23,994 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: 58/36/6 Blend
57$425,000$425,000$425,000$425,000
58$474,109$451,584$444,996$500,708
59$496,939$448,182$434,374$515,822
60$521,293$443,809$422,592$529,070
61$547,301$438,393$409,586$542,907
62$575,107$431,855$395,288$557,391
63$604,867$424,115$379,629$572,588
64$636,752$415,085$362,535$588,569
65$670,950$404,673$343,929$605,415
66$707,667$392,783$323,731$623,217
67$747,130$379,310$301,858$642,075
68$789,588$364,147$278,221$662,102
69$835,314$347,178$252,729$683,423
70$884,607$328,281$225,286$706,178
71$937,797$307,327$195,793$730,521
72$995,245$284,179$164,145$756,628
73$1,057,350$258,693$130,234$784,691
74$1,124,548$230,718$93,945$814,924
75$1,197,320$200,090$55,160$847,566
76$1,276,193$166,642$13,754$882,884
77$1,361,749$130,191$0$921,172
78$1,454,626$90,550$0$964,707
79$1,555,528$47,516$0$1,012,973
80$1,665,225$878$0$1,065,500
81$1,784,570$0$0$1,122,748
82$1,914,497$0$0$1,204,870
83$2,056,035$0$0$1,294,743
84$2,210,317$0$0$1,392,743
85$2,378,589$0$0$1,499,667
86$2,562,225$0$0$1,616,389
87$2,762,733$0$0$1,743,875
88$2,981,777$0$0$1,883,188
89$3,221,186$0$0$2,035,495
90$3,482,976$0$0$2,202,085
91$3,769,366$0$0$2,384,375
92$4,082,797$0$0$2,583,925
93$4,425,961$0$0$2,802,454
94$4,801,819$0$0$3,041,855
95$5,213,633$0$0$3,304,211
96$5,664,997$0$0$3,591,818
97$6,159,866$0$0$3,907,204
98$6,702,598$0$0$4,253,154
99$7,297,994$0$0$4,632,735
100$7,951,339$0$0$5,049,323