Can I retire at age 58 with 444,000?

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 $444,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$36,665$36,339$36,020$35,709$35,405$34,217
2 years$18,151$17,813$17,485$17,168$16,860$15,674
3 years$11,980$11,641$11,314$11,000$10,696$9,551
4 years$8,896$8,557$8,234$7,925$7,629$6,532
5 years$7,046$6,709$6,390$6,087$5,799$4,755
6 years$5,812$5,478$5,164$4,868$4,589$3,597
7 years$4,932$4,601$4,291$4,002$3,732$2,792
8 years$4,272$3,944$3,639$3,357$3,096$2,208
9 years$3,759$3,434$3,135$2,860$2,607$1,770
10 years$3,348$3,027$2,733$2,465$2,222$1,433
11 years$3,013$2,694$2,406$2,145$1,911$1,170
12 years$2,734$2,418$2,135$1,882$1,656$961
13 years$2,498$2,186$1,908$1,661$1,444$794
14 years$2,295$1,987$1,714$1,475$1,266$658
15 years$2,120$1,815$1,548$1,315$1,114$547
16 years$1,967$1,665$1,403$1,178$985$457
17 years$1,832$1,533$1,277$1,058$873$382
18 years$1,712$1,417$1,165$954$776$320
19 years$1,605$1,313$1,067$862$692$268
20 years$1,509$1,220$979$780$618$225
21 years$1,422$1,137$901$708$553$189
22 years$1,343$1,061$830$644$496$159
23 years$1,271$992$766$586$445$134
24 years$1,205$930$709$535$400$113
25 years$1,145$873$657$488$360$95
26 years$1,089$820$609$447$324$80
27 years$1,037$772$565$409$292$68
28 years$990$727$526$375$264$57
29 years$945$686$489$343$238$48
30 years$904$648$456$315$215$41
31 years$865$612$425$290$195$34
32 years$829$580$396$266$176$29
33 years$795$549$370$245$159$25
34 years$763$520$346$225$144$21
35 years$733$493$323$207$131$18
36 years$705$468$302$191$118$15
37 years$679$445$283$176$107$13
38 years$653$423$265$162$97$11
39 years$630$402$248$149$88$9
40 years$607$382$233$138$80$8
41 years$586$364$218$127$73$6
42 years$565$347$205$117$66$5
43 years$546$330$192$108$60$5
44 years$528$315$180$100$54$4
45 years$510$300$169$92$49$3
46 years$493$286$159$85$45$3
47 years$477$273$149$79$41$2
48 years$462$261$140$73$37$2
49 years$447$249$132$67$33$2
50 years$433$238$124$62$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $444,000, adding $5,320 every year, while hoping to spend $24,196 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: 38/48/14 Blend
57$444,000$444,000$444,000$444,000
58$494,776$471,244$464,362$511,294
59$519,498$468,590$454,173$520,928
60$545,932$464,996$442,833$528,601
61$574,225$460,389$430,276$536,369
62$604,541$454,693$416,436$544,251
63$637,060$447,828$401,241$552,273
64$671,977$439,709$384,620$560,464
65$709,509$430,245$366,495$568,856
66$749,893$419,341$346,787$577,490
67$793,388$406,895$325,410$586,412
68$840,280$392,799$302,278$595,674
69$890,883$376,941$277,299$605,337
70$945,542$359,200$250,377$615,471
71$1,004,635$339,448$221,412$626,158
72$1,068,580$317,553$190,301$637,488
73$1,137,833$293,371$156,934$649,565
74$1,212,898$266,752$121,198$662,509
75$1,294,328$237,538$82,972$676,455
76$1,382,732$205,560$42,135$691,554
77$1,478,779$170,641$0$707,979
78$1,583,206$132,594$0$726,140
79$1,696,823$91,220$0$752,772
80$1,820,521$46,312$0$781,843
81$1,955,280$0$0$813,650
82$2,102,181$0$0$849,772
83$2,262,410$0$0$915,908
84$2,437,276$0$0$988,142
85$2,628,217$0$0$1,067,077
86$2,836,818$0$0$1,153,375
87$3,064,822$0$0$1,247,765
88$3,314,151$0$0$1,351,051
89$3,586,917$0$0$1,464,116
90$3,885,450$0$0$1,587,934
91$4,212,311$0$0$1,723,578
92$4,570,325$0$0$1,872,228
93$4,962,600$0$0$2,035,186
94$5,392,559$0$0$2,213,882
95$5,863,972$0$0$2,409,896
96$6,380,993$0$0$2,624,964
97$6,948,196$0$0$2,861,000
98$7,570,617$0$0$3,120,114
99$8,253,808$0$0$3,404,627
100$9,003,880$0$0$3,717,097