Can I retire at age 58 with 439,000?

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 $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%17%
1 years$36,252$35,929$35,614$35,307$35,006$34,009
2 years$17,947$17,612$17,288$16,974$16,670$15,672
3 years$11,846$11,510$11,187$10,876$10,576$9,610
4 years$8,796$8,461$8,141$7,835$7,543$6,616
5 years$6,966$6,634$6,318$6,018$5,734$4,848
6 years$5,747$5,417$5,106$4,813$4,537$3,694
7 years$4,876$4,549$4,243$3,957$3,690$2,889
8 years$4,224$3,899$3,598$3,319$3,061$2,302
9 years$3,716$3,395$3,099$2,827$2,578$1,860
10 years$3,311$2,993$2,702$2,437$2,196$1,519
11 years$2,979$2,664$2,379$2,121$1,889$1,250
12 years$2,703$2,391$2,111$1,860$1,637$1,036
13 years$2,469$2,161$1,886$1,643$1,428$863
14 years$2,269$1,964$1,695$1,458$1,251$722
15 years$2,096$1,794$1,530$1,300$1,102$606
16 years$1,945$1,646$1,387$1,164$974$510
17 years$1,812$1,516$1,262$1,046$863$431
18 years$1,693$1,401$1,152$943$768$364
19 years$1,587$1,298$1,055$852$684$308
20 years$1,492$1,207$968$772$611$262
21 years$1,406$1,124$891$700$547$222
22 years$1,328$1,049$821$637$490$189
23 years$1,257$981$758$580$440$161
24 years$1,192$919$701$529$396$137
25 years$1,132$863$649$483$356$116
26 years$1,077$811$602$442$321$99
27 years$1,026$763$559$404$289$85
28 years$978$719$520$370$261$72
29 years$935$678$484$340$236$62
30 years$894$641$450$312$213$53
31 years$855$606$420$286$192$45
32 years$820$573$392$263$174$38
33 years$786$543$366$242$158$33
34 years$755$514$342$223$143$28
35 years$725$488$320$205$129$24
36 years$697$463$299$189$117$20
37 years$671$440$280$174$106$17
38 years$646$418$262$160$96$15
39 years$622$397$246$148$87$13
40 years$600$378$230$136$79$11
41 years$579$360$216$126$72$9
42 years$559$343$202$116$65$8
43 years$540$327$190$107$59$7
44 years$522$311$178$99$54$6
45 years$504$297$167$91$49$5
46 years$488$283$157$84$44$4
47 years$472$270$148$78$40$4
48 years$457$258$139$72$36$3
49 years$442$246$130$67$33$3
50 years$429$235$123$62$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $439,000, adding $6,615 every year, while hoping to spend $33,511 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: 54/30/16 Blend
57$439,000$439,000$439,000$439,000
58$490,601$467,334$460,530$514,658
59$504,987$454,578$440,302$519,051
60$519,717$440,074$418,274$519,694
61$534,791$423,701$394,349$519,642
62$550,208$405,330$368,427$518,839
63$565,964$384,826$340,405$517,221
64$582,057$362,046$310,172$514,725
65$598,478$336,839$277,615$511,279
66$615,223$309,043$242,614$506,810
67$632,279$278,490$205,046$501,237
68$649,636$245,001$164,779$494,477
69$667,279$208,385$121,679$486,437
70$685,189$168,444$75,603$477,022
71$703,347$124,966$26,404$466,128
72$721,727$77,728$0$453,645
73$740,301$26,495$0$443,910
74$759,035$0$0$437,444
75$777,893$0$0$439,195
76$796,829$0$0$449,716
77$815,793$0$0$460,231
78$834,729$0$0$470,704
79$853,572$0$0$481,098
80$872,248$0$0$491,366
81$890,675$0$0$501,459
82$908,760$0$0$511,321
83$926,397$0$0$520,889
84$943,469$0$0$530,090
85$959,844$0$0$538,847
86$975,373$0$0$547,070
87$989,891$0$0$554,658
88$1,003,214$0$0$561,503
89$1,015,134$0$0$567,478
90$1,025,423$0$0$572,448
91$1,033,823$0$0$576,257
92$1,040,051$0$0$578,736
93$1,043,788$0$0$579,695
94$1,044,682$0$0$578,921
95$1,042,342$0$0$576,182
96$1,036,333$0$0$571,217
97$1,026,173$0$0$563,739
98$1,011,327$0$0$553,426
99$991,202$0$0$539,925
100$965,140$0$0$522,844