Can I retire at age 58 with 431,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $431,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$35,592$35,275$34,965$34,663$34,369$34,081
2 years$17,620$17,291$16,973$16,665$16,366$16,076
3 years$11,630$11,300$10,983$10,677$10,383$10,100
4 years$8,635$8,307$7,993$7,693$7,405$7,131
5 years$6,839$6,513$6,203$5,909$5,629$5,365
6 years$5,642$5,318$5,013$4,725$4,454$4,200
7 years$4,787$4,466$4,166$3,885$3,623$3,378
8 years$4,147$3,828$3,533$3,259$3,005$2,771
9 years$3,649$3,333$3,043$2,776$2,531$2,307
10 years$3,250$2,938$2,653$2,393$2,156$1,942
11 years$2,925$2,616$2,335$2,082$1,855$1,650
12 years$2,654$2,348$2,073$1,827$1,607$1,412
13 years$2,424$2,122$1,852$1,613$1,401$1,216
14 years$2,228$1,928$1,664$1,431$1,229$1,052
15 years$2,058$1,762$1,502$1,277$1,082$914
16 years$1,909$1,616$1,362$1,143$956$797
17 years$1,779$1,489$1,239$1,027$848$697
18 years$1,662$1,375$1,131$926$754$611
19 years$1,558$1,275$1,036$836$672$537
20 years$1,465$1,185$951$757$600$473
21 years$1,380$1,103$874$687$537$417
22 years$1,304$1,030$806$625$481$368
23 years$1,234$963$744$569$432$326
24 years$1,170$903$688$519$388$288
25 years$1,111$847$637$474$349$256
26 years$1,057$796$591$434$315$227
27 years$1,007$749$549$397$284$201
28 years$961$706$510$364$256$179
29 years$917$666$475$333$231$159
30 years$877$629$442$306$209$141
31 years$840$595$412$281$189$126
32 years$805$563$385$258$171$112
33 years$772$533$359$238$155$100
34 years$741$505$336$219$140$89
35 years$712$479$314$201$127$79
36 years$685$455$294$185$115$70
37 years$659$432$275$171$104$63
38 years$634$410$257$157$94$56
39 years$611$390$241$145$86$50
40 years$589$371$226$134$78$44
41 years$568$353$212$123$70$40
42 years$549$337$199$114$64$35
43 years$530$321$186$105$58$32
44 years$512$306$175$97$53$28
45 years$495$291$164$90$48$25
46 years$479$278$154$83$43$22
47 years$463$265$145$77$39$20
48 years$449$253$136$71$36$18
49 years$434$242$128$65$33$16
50 years$421$231$120$60$30$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $431,000, adding $3,038 every year, while hoping to spend $23,302 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: 26/44/30 Blend
57$431,000$431,000$431,000$431,000
58$478,096$455,253$448,572$486,008
59$502,068$452,767$438,806$490,325
60$527,705$449,378$427,932$492,780
61$555,151$445,018$415,888$494,944
62$584,566$439,613$402,610$496,809
63$616,124$433,087$388,029$498,367
64$650,017$425,356$372,076$499,615
65$686,455$416,334$354,677$500,550
66$725,668$405,930$335,754$501,171
67$767,911$394,046$315,227$501,481
68$813,462$380,578$293,011$501,486
69$862,627$365,418$269,018$501,197
70$915,742$348,450$243,157$500,627
71$973,176$329,553$215,331$499,797
72$1,035,335$308,596$185,440$498,732
73$1,102,665$285,443$153,378$497,465
74$1,175,658$259,950$119,037$496,035
75$1,254,852$231,965$82,302$494,491
76$1,340,841$201,326$43,053$492,892
77$1,434,278$167,862$1,167$491,308
78$1,535,880$131,393$0$489,821
79$1,646,439$91,730$0$502,462
80$1,766,821$48,671$0$516,714
81$1,897,985$2,004$0$532,378
82$2,040,983$0$0$549,653
83$2,196,973$0$0$592,240
84$2,367,229$0$0$639,848
85$2,553,156$0$0$691,910
86$2,756,298$0$0$748,867
87$2,978,356$0$0$811,203
88$3,221,204$0$0$879,456
89$3,486,901$0$0$954,214
90$3,777,720$0$0$1,036,127
91$4,096,160$0$0$1,125,909
92$4,444,973$0$0$1,224,347
93$4,827,192$0$0$1,332,310
94$5,246,156$0$0$1,450,752
95$5,705,542$0$0$1,580,725
96$6,209,399$0$0$1,723,389
97$6,762,190$0$0$1,880,019
98$7,368,828$0$0$2,052,022
99$8,034,724$0$0$2,240,947
100$8,765,842$0$0$2,448,500