Can I retire at age 58 with 435,000?

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 $435,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$35,922$35,602$35,290$34,985$34,688$34,282
2 years$17,783$17,452$17,131$16,820$16,518$16,110
3 years$11,738$11,405$11,085$10,777$10,480$10,082
4 years$8,716$8,384$8,067$7,764$7,474$7,090
5 years$6,903$6,573$6,260$5,963$5,682$5,311
6 years$5,695$5,367$5,059$4,769$4,496$4,140
7 years$4,832$4,508$4,204$3,921$3,656$3,315
8 years$4,185$3,864$3,566$3,289$3,033$2,707
9 years$3,683$3,364$3,071$2,802$2,554$2,243
10 years$3,281$2,965$2,677$2,415$2,176$1,879
11 years$2,952$2,640$2,357$2,102$1,872$1,589
12 years$2,678$2,369$2,092$1,844$1,622$1,353
13 years$2,447$2,141$1,869$1,628$1,415$1,159
14 years$2,249$1,946$1,679$1,445$1,240$997
15 years$2,077$1,778$1,516$1,288$1,092$862
16 years$1,927$1,631$1,375$1,154$965$748
17 years$1,795$1,502$1,251$1,037$856$650
18 years$1,678$1,388$1,142$934$761$567
19 years$1,573$1,287$1,045$844$678$495
20 years$1,478$1,196$959$765$606$434
21 years$1,393$1,114$882$694$542$380
22 years$1,316$1,040$813$631$486$334
23 years$1,245$972$751$575$436$293
24 years$1,181$911$694$524$392$258
25 years$1,121$855$643$479$353$227
26 years$1,067$803$597$438$318$200
27 years$1,016$756$554$401$286$177
28 years$970$713$515$367$258$156
29 years$926$672$479$337$233$138
30 years$885$635$446$309$211$122
31 years$848$600$416$284$191$107
32 years$812$568$388$261$172$95
33 years$779$538$363$240$156$84
34 years$748$510$339$221$141$74
35 years$719$483$317$203$128$66
36 years$691$459$296$187$116$58
37 years$665$436$277$172$105$52
38 years$640$414$260$159$95$46
39 years$617$394$243$146$86$40
40 years$595$375$228$135$78$36
41 years$574$357$214$125$71$32
42 years$554$340$201$115$65$28
43 years$535$324$188$106$59$25
44 years$517$308$177$98$53$22
45 years$500$294$166$91$48$20
46 years$483$281$156$84$44$17
47 years$468$268$146$77$40$15
48 years$453$256$138$71$36$14
49 years$438$244$129$66$33$12
50 years$425$233$122$61$30$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $435,000, adding $3,872 every year, while hoping to spend $22,062 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: 30/48/22 Blend
57$435,000$435,000$435,000$435,000
58$483,364$460,309$453,566$494,457
59$509,193$459,390$445,287$502,340
60$536,918$457,687$435,991$508,580
61$566,707$455,138$425,621$514,834
62$598,749$451,677$414,116$521,117
63$633,247$447,235$401,415$527,447
64$670,427$441,738$387,451$533,848
65$710,536$435,109$372,156$540,345
66$753,845$427,264$355,458$546,971
67$800,653$418,115$337,282$553,763
68$851,288$407,571$317,549$560,765
69$906,110$395,533$296,177$568,029
70$965,516$381,897$273,082$575,613
71$1,029,941$366,552$248,172$583,586
72$1,099,864$349,382$221,356$592,026
73$1,175,814$330,265$192,534$601,024
74$1,258,368$309,070$161,606$610,682
75$1,348,166$285,658$128,463$621,118
76$1,445,908$259,885$92,997$632,465
77$1,552,368$231,596$55,089$644,874
78$1,668,394$200,629$14,619$658,518
79$1,794,921$166,811$0$673,589
80$1,932,980$129,962$0$697,013
81$2,083,703$89,889$0$726,429
82$2,248,336$46,389$0$758,711
83$2,428,253$0$0$794,205
84$2,624,965$0$0$833,694
85$2,840,135$0$0$903,755
86$3,075,598$0$0$980,490
87$3,333,369$0$0$1,064,565
88$3,615,670$0$0$1,156,715
89$3,924,949$0$0$1,257,746
90$4,263,899$0$0$1,368,548
91$4,635,488$0$0$1,490,100
92$5,042,985$0$0$1,623,483
93$5,489,988$0$0$1,769,885
94$5,980,464$0$0$1,930,616
95$6,518,778$0$0$2,107,117
96$7,109,743$0$0$2,300,978
97$7,758,656$0$0$2,513,949
98$8,471,355$0$0$2,747,959
99$9,254,271$0$0$3,005,132
100$10,114,488$0$0$3,287,809