Can I retire at age 58 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$36,170$35,847$35,533$35,226$34,927$33,890
2 years$17,906$17,572$17,249$16,936$16,632$15,596
3 years$11,819$11,484$11,161$10,851$10,552$9,549
4 years$8,776$8,442$8,123$7,817$7,526$6,564
5 years$6,950$6,618$6,303$6,005$5,721$4,803
6 years$5,734$5,404$5,094$4,802$4,527$3,653
7 years$4,865$4,539$4,233$3,948$3,681$2,852
8 years$4,214$3,890$3,590$3,312$3,054$2,269
9 years$3,708$3,387$3,092$2,821$2,572$1,830
10 years$3,303$2,986$2,696$2,432$2,191$1,491
11 years$2,972$2,658$2,373$2,116$1,885$1,225
12 years$2,697$2,386$2,106$1,856$1,633$1,013
13 years$2,464$2,156$1,882$1,639$1,424$842
14 years$2,264$1,960$1,691$1,455$1,248$703
15 years$2,092$1,790$1,527$1,297$1,099$589
16 years$1,941$1,643$1,384$1,162$972$495
17 years$1,807$1,513$1,259$1,044$861$417
18 years$1,689$1,398$1,150$941$766$352
19 years$1,584$1,295$1,053$850$683$297
20 years$1,489$1,204$966$770$610$251
21 years$1,403$1,121$888$699$546$213
22 years$1,325$1,047$819$635$489$181
23 years$1,254$979$756$578$439$153
24 years$1,189$917$699$528$395$130
25 years$1,129$861$648$482$355$111
26 years$1,074$809$601$441$320$94
27 years$1,023$761$558$403$288$80
28 years$976$717$519$369$260$68
29 years$932$677$483$339$235$58
30 years$892$639$449$311$212$49
31 years$853$604$419$286$192$42
32 years$818$572$391$262$174$36
33 years$784$541$365$241$157$30
34 years$753$513$341$222$142$26
35 years$723$487$319$204$129$22
36 years$696$462$298$188$117$19
37 years$669$439$279$173$106$16
38 years$645$417$261$160$96$14
39 years$621$397$245$147$87$12
40 years$599$377$230$136$79$10
41 years$578$359$215$125$72$8
42 years$558$342$202$116$65$7
43 years$539$326$190$107$59$6
44 years$520$311$178$99$54$5
45 years$503$296$167$91$49$4
46 years$487$283$157$84$44$4
47 years$471$270$147$78$40$3
48 years$456$257$138$72$36$3
49 years$441$246$130$66$33$2
50 years$428$235$122$61$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $438,000, adding $3,017 every year, while hoping to spend $31,444 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: 47/45/8 Blend
57$438,000$438,000$438,000$438,000
58$485,788$462,574$455,785$507,425
59$501,882$451,784$437,598$511,821
60$518,564$439,411$417,747$513,056
61$535,861$425,345$396,145$513,668
62$553,800$409,469$372,697$513,608
63$572,413$391,658$347,307$512,825
64$591,731$371,781$319,874$511,266
65$611,788$349,699$290,291$508,875
66$632,623$325,267$258,448$505,592
67$654,272$298,327$224,228$501,354
68$676,780$268,717$187,511$496,097
69$700,190$236,263$148,172$489,750
70$724,551$200,781$106,077$482,243
71$749,915$162,079$61,090$473,498
72$776,336$119,951$13,066$463,437
73$803,875$74,181$0$451,976
74$832,597$24,542$0$442,287
75$862,569$0$0$432,422
76$893,868$0$0$435,646
77$926,574$0$0$451,725
78$960,775$0$0$468,550
79$996,563$0$0$486,171
80$1,034,043$0$0$504,639
81$1,073,325$0$0$524,010
82$1,114,528$0$0$544,345
83$1,157,783$0$0$565,712
84$1,203,231$0$0$588,182
85$1,251,027$0$0$611,835
86$1,301,338$0$0$636,755
87$1,354,346$0$0$663,036
88$1,410,249$0$0$690,780
89$1,469,264$0$0$720,097
90$1,531,626$0$0$751,109
91$1,597,592$0$0$783,947
92$1,667,444$0$0$818,755
93$1,741,488$0$0$855,692
94$1,820,060$0$0$894,929
95$1,903,525$0$0$936,655
96$1,992,286$0$0$981,076
97$2,086,779$0$0$1,028,417
98$2,187,487$0$0$1,078,927
99$2,294,934$0$0$1,132,875
100$2,409,697$0$0$1,190,559