Can I retire at age 58 with 438,000?

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 $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%14%
1 years$36,170$35,847$35,533$35,226$34,927$34,348
2 years$17,906$17,572$17,249$16,936$16,632$16,051
3 years$11,819$11,484$11,161$10,851$10,552$9,986
4 years$8,776$8,442$8,123$7,817$7,526$6,980
5 years$6,950$6,618$6,303$6,005$5,721$5,196
6 years$5,734$5,404$5,094$4,802$4,527$4,024
7 years$4,865$4,539$4,233$3,948$3,681$3,201
8 years$4,214$3,890$3,590$3,312$3,054$2,596
9 years$3,708$3,387$3,092$2,821$2,572$2,135
10 years$3,303$2,986$2,696$2,432$2,191$1,776
11 years$2,972$2,658$2,373$2,116$1,885$1,491
12 years$2,697$2,386$2,106$1,856$1,633$1,260
13 years$2,464$2,156$1,882$1,639$1,424$1,070
14 years$2,264$1,960$1,691$1,455$1,248$914
15 years$2,092$1,790$1,527$1,297$1,099$783
16 years$1,941$1,643$1,384$1,162$972$674
17 years$1,807$1,513$1,259$1,044$861$581
18 years$1,689$1,398$1,150$941$766$502
19 years$1,584$1,295$1,053$850$683$435
20 years$1,489$1,204$966$770$610$377
21 years$1,403$1,121$888$699$546$328
22 years$1,325$1,047$819$635$489$285
23 years$1,254$979$756$578$439$248
24 years$1,189$917$699$528$395$216
25 years$1,129$861$648$482$355$189
26 years$1,074$809$601$441$320$165
27 years$1,023$761$558$403$288$144
28 years$976$717$519$369$260$126
29 years$932$677$483$339$235$110
30 years$892$639$449$311$212$96
31 years$853$604$419$286$192$84
32 years$818$572$391$262$174$74
33 years$784$541$365$241$157$65
34 years$753$513$341$222$142$57
35 years$723$487$319$204$129$50
36 years$696$462$298$188$117$43
37 years$669$439$279$173$106$38
38 years$645$417$261$160$96$33
39 years$621$397$245$147$87$29
40 years$599$377$230$136$79$26
41 years$578$359$215$125$72$22
42 years$558$342$202$116$65$20
43 years$539$326$190$107$59$17
44 years$520$311$178$99$54$15
45 years$503$296$167$91$49$13
46 years$487$283$157$84$44$12
47 years$471$270$147$78$40$10
48 years$456$257$138$72$36$9
49 years$441$246$130$66$33$8
50 years$428$235$122$61$30$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $438,000, adding $4,667 every year, while hoping to spend $24,490 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: 39/43/18 Blend
57$438,000$438,000$438,000$438,000
58$487,490$464,276$457,487$503,719
59$511,157$460,968$446,756$512,467
60$536,417$456,678$434,844$519,227
61$563,407$451,330$421,687$526,023
62$592,276$444,848$407,215$532,873
63$623,190$437,146$391,358$539,795
64$656,327$428,139$374,041$546,814
65$691,886$417,731$355,184$553,959
66$730,083$405,825$334,708$561,261
67$771,157$392,315$312,526$568,762
68$815,368$377,092$288,548$576,506
69$863,003$360,037$262,683$584,547
70$914,378$341,028$234,831$592,946
71$969,839$319,932$204,893$601,774
72$1,029,766$296,612$172,760$611,112
73$1,094,577$270,921$138,322$621,054
74$1,164,732$242,704$101,464$631,705
75$1,240,735$211,797$62,064$643,187
76$1,323,143$178,028$19,996$655,636
77$1,412,566$141,214$0$669,208
78$1,509,675$101,161$0$688,862
79$1,615,210$57,666$0$714,423
80$1,729,983$10,513$0$742,299
81$1,854,889$0$0$772,772
82$1,990,911$0$0$825,331
83$2,139,132$0$0$888,079
84$2,300,744$0$0$956,551
85$2,477,058$0$0$1,031,311
86$2,669,518$0$0$1,112,978
87$2,879,713$0$0$1,202,234
88$3,109,391$0$0$1,299,830
89$3,360,479$0$0$1,406,592
90$3,635,097$0$0$1,523,431
91$3,935,579$0$0$1,651,348
92$4,264,496$0$0$1,791,447
93$4,624,678$0$0$1,944,944
94$5,019,242$0$0$2,113,176
95$5,451,622$0$0$2,297,618
96$5,925,598$0$0$2,499,894
97$6,445,333$0$0$2,721,792
98$7,015,414$0$0$2,965,280
99$7,640,893$0$0$3,232,529
100$8,327,332$0$0$3,525,929