Can I retire at age 58 with 442,000?

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 $442,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$36,500$36,175$35,858$35,548$35,246$34,269
2 years$18,069$17,733$17,407$17,090$16,784$15,807
3 years$11,927$11,589$11,263$10,950$10,648$9,702
4 years$8,856$8,519$8,197$7,889$7,594$6,686
5 years$7,014$6,679$6,361$6,059$5,773$4,905
6 years$5,786$5,454$5,141$4,846$4,568$3,741
7 years$4,910$4,580$4,272$3,984$3,715$2,929
8 years$4,253$3,926$3,623$3,342$3,082$2,337
9 years$3,742$3,418$3,120$2,847$2,596$1,890
10 years$3,333$3,013$2,720$2,454$2,212$1,545
11 years$2,999$2,682$2,395$2,136$1,902$1,274
12 years$2,721$2,408$2,126$1,873$1,648$1,057
13 years$2,486$2,176$1,899$1,654$1,437$882
14 years$2,285$1,978$1,706$1,468$1,260$739
15 years$2,111$1,807$1,541$1,309$1,109$621
16 years$1,958$1,658$1,397$1,172$980$524
17 years$1,824$1,527$1,271$1,053$869$442
18 years$1,705$1,411$1,160$949$773$375
19 years$1,598$1,307$1,062$858$689$318
20 years$1,502$1,215$975$777$615$270
21 years$1,416$1,132$897$705$551$230
22 years$1,337$1,056$826$641$494$195
23 years$1,265$988$763$584$443$166
24 years$1,200$926$706$532$398$142
25 years$1,140$869$654$486$358$121
26 years$1,084$816$606$445$323$103
27 years$1,033$768$563$407$291$88
28 years$985$724$523$373$263$75
29 years$941$683$487$342$237$64
30 years$900$645$454$314$214$55
31 years$861$610$423$288$194$47
32 years$825$577$395$265$175$40
33 years$792$546$368$244$159$34
34 years$760$518$344$224$144$29
35 years$730$491$322$206$130$25
36 years$702$466$301$190$118$22
37 years$675$443$282$175$107$18
38 years$650$421$264$161$97$16
39 years$627$400$247$149$88$14
40 years$604$381$232$137$80$12
41 years$583$362$217$127$72$10
42 years$563$345$204$117$66$8
43 years$543$329$191$108$59$7
44 years$525$313$180$100$54$6
45 years$508$299$169$92$49$5
46 years$491$285$158$85$45$5
47 years$475$272$149$78$40$4
48 years$460$260$140$73$37$3
49 years$445$248$131$67$33$3
50 years$432$237$124$62$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $442,000, adding $3,736 every year, while hoping to spend $27,079 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: 66/22/12 Blend
57$442,000$442,000$442,000$442,000
58$490,938$467,512$460,661$521,776
59$512,201$461,608$447,281$536,902
60$534,727$454,507$432,545$549,893
61$558,613$446,123$416,380$563,404
62$583,970$436,361$398,708$577,481
63$610,918$425,126$379,447$592,181
64$639,587$412,312$358,514$607,564
65$670,120$397,811$335,819$623,697
66$702,675$381,506$311,272$640,657
67$737,422$363,274$284,774$658,528
68$774,551$342,986$256,225$677,406
69$814,267$320,504$225,521$697,394
70$856,796$295,683$192,550$718,611
71$902,387$268,369$157,197$741,187
72$951,311$238,400$119,344$765,268
73$1,003,867$205,604$78,865$791,015
74$1,060,383$169,800$35,628$818,611
75$1,121,219$130,796$0$848,254
76$1,186,768$88,391$0$881,514
77$1,257,467$42,370$0$922,249
78$1,333,790$0$0$966,187
79$1,416,263$0$0$1,015,468
80$1,505,460$0$0$1,079,882
81$1,602,014$0$0$1,149,633
82$1,706,621$0$0$1,225,227
83$1,820,046$0$0$1,307,218
84$1,943,130$0$0$1,396,219
85$2,076,798$0$0$1,492,901
86$2,222,068$0$0$1,598,004
87$2,380,058$0$0$1,712,341
88$2,552,000$0$0$1,836,808
89$2,739,249$0$0$1,972,390
90$2,943,297$0$0$2,120,170
91$3,165,783$0$0$2,281,342
92$3,408,515$0$0$2,457,218
93$3,673,480$0$0$2,649,244
94$3,962,866$0$0$2,859,010
95$4,279,082$0$0$3,088,267
96$4,624,780$0$0$3,338,945
97$5,002,881$0$0$3,613,165
98$5,416,598$0$0$3,913,266
99$5,869,473$0$0$4,241,821
100$6,365,402$0$0$4,601,665