Can I retire at age 58 with 439,000?

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 $439,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$36,252$35,929$35,614$35,307$35,006$34,655
2 years$17,947$17,612$17,288$16,974$16,670$16,316
3 years$11,846$11,510$11,187$10,876$10,576$10,231
4 years$8,796$8,461$8,141$7,835$7,543$7,209
5 years$6,966$6,634$6,318$6,018$5,734$5,412
6 years$5,747$5,417$5,106$4,813$4,537$4,228
7 years$4,876$4,549$4,243$3,957$3,690$3,393
8 years$4,224$3,899$3,598$3,319$3,061$2,777
9 years$3,716$3,395$3,099$2,827$2,578$2,306
10 years$3,311$2,993$2,702$2,437$2,196$1,937
11 years$2,979$2,664$2,379$2,121$1,889$1,642
12 years$2,703$2,391$2,111$1,860$1,637$1,401
13 years$2,469$2,161$1,886$1,643$1,428$1,204
14 years$2,269$1,964$1,695$1,458$1,251$1,039
15 years$2,096$1,794$1,530$1,300$1,102$900
16 years$1,945$1,646$1,387$1,164$974$783
17 years$1,812$1,516$1,262$1,046$863$683
18 years$1,693$1,401$1,152$943$768$597
19 years$1,587$1,298$1,055$852$684$523
20 years$1,492$1,207$968$772$611$459
21 years$1,406$1,124$891$700$547$404
22 years$1,328$1,049$821$637$490$356
23 years$1,257$981$758$580$440$313
24 years$1,192$919$701$529$396$277
25 years$1,132$863$649$483$356$244
26 years$1,077$811$602$442$321$216
27 years$1,026$763$559$404$289$191
28 years$978$719$520$370$261$169
29 years$935$678$484$340$236$150
30 years$894$641$450$312$213$133
31 years$855$606$420$286$192$118
32 years$820$573$392$263$174$104
33 years$786$543$366$242$158$93
34 years$755$514$342$223$143$82
35 years$725$488$320$205$129$73
36 years$697$463$299$189$117$65
37 years$671$440$280$174$106$58
38 years$646$418$262$160$96$51
39 years$622$397$246$148$87$45
40 years$600$378$230$136$79$40
41 years$579$360$216$126$72$36
42 years$559$343$202$116$65$32
43 years$540$327$190$107$59$28
44 years$522$311$178$99$54$25
45 years$504$297$167$91$49$22
46 years$488$283$157$84$44$20
47 years$472$270$148$78$40$18
48 years$457$258$139$72$36$16
49 years$442$246$130$67$33$14
50 years$429$235$123$62$30$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $439,000, adding $3,532 every year, while hoping to spend $32,687 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: 68/21/11 Blend
57$439,000$439,000$439,000$439,000
58$487,421$464,154$457,350$519,193
59$502,360$452,119$437,892$528,726
60$517,726$438,399$416,687$534,899
61$533,530$422,876$393,642$540,796
62$549,780$405,427$368,659$546,386
63$566,485$385,921$341,637$551,636
64$583,654$364,218$312,469$556,508
65$601,295$340,173$281,045$560,965
66$619,416$313,630$247,249$564,964
67$638,024$284,426$210,959$568,463
68$657,125$252,386$172,050$571,412
69$676,727$217,328$130,389$573,763
70$696,835$179,058$85,838$575,460
71$717,452$137,372$38,254$576,446
72$738,583$92,055$0$576,658
73$760,230$42,877$0$577,502
74$782,394$0$0$582,322
75$805,073$0$0$588,972
76$828,267$0$0$605,902
77$851,971$0$0$623,199
78$876,177$0$0$640,858
79$900,878$0$0$658,873
80$926,061$0$0$677,234
81$951,712$0$0$695,929
82$977,811$0$0$714,943
83$1,004,337$0$0$734,261
84$1,031,263$0$0$753,859
85$1,058,556$0$0$773,716
86$1,086,179$0$0$793,800
87$1,114,089$0$0$814,080
88$1,142,235$0$0$834,518
89$1,170,559$0$0$855,067
90$1,198,994$0$0$875,679
91$1,227,464$0$0$896,295
92$1,255,882$0$0$916,850
93$1,284,151$0$0$937,269
94$1,312,158$0$0$957,469
95$1,339,778$0$0$977,353
96$1,366,870$0$0$996,816
97$1,393,273$0$0$1,015,737
98$1,418,810$0$0$1,033,980
99$1,443,279$0$0$1,051,396
100$1,466,456$0$0$1,067,815