Can I retire at age 58 with 426,000?

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 $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$35,179$34,865$34,560$34,261$33,970$33,629
2 years$17,415$17,091$16,777$16,472$16,176$15,833
3 years$11,495$11,169$10,856$10,554$10,263$9,928
4 years$8,535$8,210$7,900$7,603$7,320$6,995
5 years$6,760$6,437$6,131$5,840$5,564$5,252
6 years$5,577$5,256$4,955$4,670$4,403$4,102
7 years$4,732$4,414$4,117$3,840$3,581$3,292
8 years$4,099$3,784$3,492$3,221$2,970$2,695
9 years$3,606$3,295$3,007$2,744$2,502$2,238
10 years$3,213$2,904$2,622$2,365$2,131$1,880
11 years$2,891$2,585$2,308$2,058$1,833$1,593
12 years$2,623$2,320$2,049$1,805$1,589$1,360
13 years$2,396$2,097$1,830$1,594$1,385$1,168
14 years$2,202$1,906$1,645$1,415$1,214$1,008
15 years$2,034$1,741$1,485$1,262$1,069$873
16 years$1,887$1,598$1,346$1,130$945$760
17 years$1,758$1,471$1,225$1,015$838$662
18 years$1,643$1,360$1,118$915$745$579
19 years$1,540$1,260$1,024$827$664$508
20 years$1,448$1,171$939$749$593$446
21 years$1,364$1,091$864$679$531$392
22 years$1,289$1,018$796$618$476$345
23 years$1,220$952$735$563$427$304
24 years$1,156$892$680$513$384$268
25 years$1,098$837$630$469$345$237
26 years$1,045$787$584$429$311$210
27 years$995$740$542$392$281$186
28 years$949$698$504$359$253$164
29 years$907$658$469$330$229$145
30 years$867$622$437$302$207$129
31 years$830$588$408$278$187$114
32 years$795$556$380$255$169$101
33 years$763$527$355$235$153$90
34 years$732$499$332$216$138$80
35 years$704$473$310$199$125$71
36 years$677$449$290$183$114$63
37 years$651$427$272$169$103$56
38 years$627$406$254$156$93$50
39 years$604$386$238$143$85$44
40 years$582$367$223$132$77$39
41 years$562$349$209$122$70$35
42 years$542$333$196$113$63$31
43 years$524$317$184$104$57$28
44 years$506$302$173$96$52$24
45 years$489$288$162$89$47$22
46 years$473$275$153$82$43$19
47 years$458$262$143$76$39$17
48 years$443$250$135$70$35$15
49 years$429$239$127$65$32$14
50 years$416$228$119$60$29$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $426,000, adding $4,506 every year, while hoping to spend $20,649 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: 50/31/19 Blend
57$426,000$426,000$426,000$426,000
58$474,100$451,522$444,919$495,089
59$500,488$451,676$437,853$510,222
60$528,875$451,146$429,859$524,172
61$559,444$449,876$420,883$538,891
62$592,395$447,807$410,870$554,462
63$627,947$444,877$399,762$570,972
64$666,342$441,021$387,498$588,522
65$707,845$436,167$374,015$607,223
66$752,747$430,241$359,248$627,198
67$801,370$423,166$343,125$648,585
68$854,066$414,857$325,575$671,536
69$911,221$405,226$306,523$696,222
70$973,263$394,179$285,889$722,831
71$1,040,659$381,617$263,590$751,574
72$1,113,926$367,436$239,539$782,683
73$1,193,630$351,524$213,648$816,416
74$1,280,396$333,764$185,821$853,062
75$1,374,910$314,032$155,959$892,939
76$1,477,928$292,197$123,960$936,400
77$1,590,280$268,118$89,717$983,837
78$1,712,884$241,651$53,117$1,035,685
79$1,846,745$212,639$14,044$1,092,426
80$1,992,973$180,919$0$1,154,594
81$2,152,790$146,317$0$1,228,386
82$2,327,538$108,650$0$1,312,254
83$2,518,698$67,725$0$1,404,100
84$2,727,900$23,338$0$1,504,756
85$2,956,937$0$0$1,615,139
86$3,207,787$0$0$1,744,700
87$3,482,624$0$0$1,895,417
88$3,783,845$0$0$2,060,650
89$4,114,090$0$0$2,241,851
90$4,476,264$0$0$2,440,621
91$4,873,571$0$0$2,658,724
92$5,309,535$0$0$2,898,102
93$5,788,043$0$0$3,160,895
94$6,313,371$0$0$3,449,459
95$6,890,234$0$0$3,766,390
96$7,523,823$0$0$4,114,549
97$8,219,858$0$0$4,497,085
98$8,984,639$0$0$4,917,470
99$9,825,108$0$0$5,379,527
100$10,748,913$0$0$5,887,469