Can I retire at age 58 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$35,344$35,029$34,722$34,422$34,129$32,892
2 years$17,497$17,171$16,855$16,549$16,252$15,019
3 years$11,549$11,221$10,906$10,603$10,311$9,121
4 years$8,575$8,249$7,937$7,639$7,354$6,216
5 years$6,792$6,467$6,160$5,867$5,590$4,508
6 years$5,603$5,281$4,978$4,692$4,423$3,397
7 years$4,754$4,435$4,137$3,858$3,597$2,627
8 years$4,118$3,802$3,508$3,236$2,984$2,068
9 years$3,623$3,310$3,022$2,757$2,513$1,651
10 years$3,228$2,918$2,634$2,376$2,141$1,331
11 years$2,904$2,597$2,319$2,068$1,842$1,082
12 years$2,635$2,331$2,058$1,814$1,596$885
13 years$2,408$2,107$1,839$1,601$1,392$727
14 years$2,213$1,915$1,652$1,422$1,220$600
15 years$2,044$1,749$1,492$1,268$1,074$496
16 years$1,896$1,605$1,352$1,135$949$412
17 years$1,766$1,478$1,231$1,020$842$343
18 years$1,651$1,366$1,123$919$748$285
19 years$1,547$1,266$1,028$831$667$238
20 years$1,455$1,176$944$752$596$199
21 years$1,371$1,096$868$683$533$166
22 years$1,295$1,023$800$621$478$139
23 years$1,225$957$739$565$429$116
24 years$1,162$896$683$516$386$98
25 years$1,103$841$633$471$347$82
26 years$1,050$791$587$431$313$69
27 years$1,000$744$545$394$282$58
28 years$954$701$507$361$254$48
29 years$911$661$472$331$230$41
30 years$871$625$439$304$207$34
31 years$834$590$409$279$188$29
32 years$799$559$382$256$170$24
33 years$766$529$357$236$154$20
34 years$736$501$333$217$139$17
35 years$707$476$312$200$126$14
36 years$680$451$291$184$114$12
37 years$654$429$273$170$103$10
38 years$630$407$255$156$94$8
39 years$607$387$239$144$85$7
40 years$585$369$224$133$77$6
41 years$565$351$210$123$70$5
42 years$545$334$197$113$63$4
43 years$526$318$185$104$58$4
44 years$509$304$174$96$52$3
45 years$492$289$163$89$47$2
46 years$475$276$153$82$43$2
47 years$460$263$144$76$39$2
48 years$445$252$135$70$36$1
49 years$431$240$127$65$32$1
50 years$418$229$120$60$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $428,000, adding $6,822 every year, while hoping to spend $20,423 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: 83/10/7 Blend
57$428,000$428,000$428,000$428,000
58$478,693$456,009$449,375$517,540
59$505,790$456,623$442,699$544,550
60$534,966$456,584$435,115$570,746
61$566,412$455,836$426,571$598,877
62$600,337$454,323$417,012$629,123
63$636,971$451,985$406,382$661,686
64$676,568$448,757$394,621$696,785
65$719,403$444,572$381,667$734,662
66$765,784$439,357$367,454$775,585
67$816,045$433,037$351,914$819,848
68$870,555$425,529$334,977$867,774
69$929,720$416,749$316,568$919,720
70$993,987$406,605$296,608$976,080
71$1,063,846$395,001$275,017$1,037,287
72$1,139,838$381,835$251,709$1,103,817
73$1,222,556$367,000$226,597$1,176,198
74$1,312,656$350,382$199,586$1,255,008
75$1,410,855$331,859$170,581$1,340,885
76$1,517,946$311,304$139,479$1,434,535
77$1,634,801$288,583$106,176$1,536,731
78$1,762,379$263,551$70,561$1,648,329
79$1,901,736$236,060$32,520$1,770,271
80$2,054,035$205,948$0$1,903,594
81$2,220,555$173,048$0$2,050,046
82$2,402,706$137,182$0$2,212,917
83$2,602,039$98,161$0$2,391,173
84$2,820,264$55,788$0$2,586,358
85$3,059,261$9,852$0$2,800,169
86$3,321,103$0$0$3,034,480
87$3,608,072$0$0$3,295,740
88$3,922,680$0$0$3,583,360
89$4,267,695$0$0$3,898,788
90$4,646,167$0$0$4,244,812
91$5,061,452$0$0$4,624,505
92$5,517,249$0$0$5,041,247
93$6,017,634$0$0$5,498,766
94$6,567,092$0$0$6,001,166
95$7,170,569$0$0$6,552,969
96$7,833,510$0$0$7,159,156
97$8,561,914$0$0$7,825,214
98$9,362,391$0$0$8,557,189
99$10,242,223$0$0$9,361,740
100$11,209,431$0$0$10,246,204