Can I retire at age 58 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$36,995$36,666$36,344$36,031$35,724$34,307
2 years$18,315$17,973$17,643$17,322$17,011$15,601
3 years$12,088$11,746$11,416$11,099$10,793$9,434
4 years$8,976$8,634$8,308$7,996$7,698$6,400
5 years$7,109$6,770$6,447$6,142$5,852$4,619
6 years$5,865$5,528$5,210$4,912$4,630$3,464
7 years$4,976$4,642$4,330$4,038$3,766$2,664
8 years$4,310$3,979$3,672$3,387$3,124$2,087
9 years$3,793$3,465$3,163$2,885$2,631$1,657
10 years$3,379$3,054$2,757$2,487$2,242$1,328
11 years$3,040$2,719$2,428$2,165$1,928$1,073
12 years$2,758$2,440$2,154$1,899$1,671$872
13 years$2,520$2,205$1,925$1,676$1,457$712
14 years$2,316$2,004$1,729$1,488$1,277$584
15 years$2,139$1,831$1,561$1,327$1,124$480
16 years$1,985$1,680$1,416$1,188$994$396
17 years$1,849$1,547$1,288$1,068$881$327
18 years$1,728$1,430$1,176$962$783$271
19 years$1,620$1,325$1,077$869$698$224
20 years$1,523$1,231$988$787$624$186
21 years$1,435$1,147$909$715$558$154
22 years$1,355$1,071$838$650$500$128
23 years$1,283$1,001$773$592$449$107
24 years$1,216$938$715$540$404$89
25 years$1,155$880$662$493$363$74
26 years$1,099$827$614$451$327$61
27 years$1,047$779$571$412$295$51
28 years$998$734$530$378$266$43
29 years$954$692$494$347$240$36
30 years$912$654$460$318$217$30
31 years$873$618$429$292$196$25
32 years$836$585$400$268$178$21
33 years$802$554$373$247$161$17
34 years$770$525$349$227$146$14
35 years$740$498$326$209$132$12
36 years$712$473$305$193$119$10
37 years$685$449$286$177$108$8
38 years$659$426$267$164$98$7
39 years$635$406$251$151$89$6
40 years$612$386$235$139$81$5
41 years$591$367$220$128$73$4
42 years$570$350$207$118$66$3
43 years$551$333$194$109$60$3
44 years$532$318$182$101$55$2
45 years$515$303$171$93$50$2
46 years$498$289$160$86$45$2
47 years$482$276$151$80$41$1
48 years$466$263$142$74$37$1
49 years$451$251$133$68$34$1
50 years$437$240$125$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $448,000, adding $3,840 every year, while hoping to spend $22,508 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: 62/25/13 Blend
57$448,000$448,000$448,000$448,000
58$497,657$473,913$466,969$526,726
59$524,470$473,186$458,664$545,968
60$553,263$471,670$449,327$564,048
61$584,215$469,301$438,898$583,236
62$617,521$466,013$427,318$603,638
63$653,397$461,736$414,522$625,375
64$692,078$456,396$400,443$648,580
65$733,824$449,913$385,011$673,399
66$778,919$442,204$368,154$699,995
67$827,676$433,179$349,795$728,550
68$880,440$422,746$329,854$759,262
69$937,588$410,804$308,248$792,353
70$999,537$397,249$284,889$828,068
71$1,066,744$381,968$259,687$866,678
72$1,139,711$364,843$232,545$908,482
73$1,218,992$345,751$203,366$953,813
74$1,305,195$324,559$172,045$1,003,037
75$1,398,990$301,127$138,473$1,056,562
76$1,501,113$275,308$102,537$1,114,836
77$1,612,374$246,945$64,120$1,178,356
78$1,733,665$215,875$23,097$1,247,672
79$1,865,968$181,922$0$1,323,393
80$2,010,363$144,903$0$1,409,057
81$2,168,040$104,622$0$1,506,146
82$2,340,307$60,876$0$1,612,292
83$2,528,606$13,447$0$1,728,423
84$2,734,523$0$0$1,855,563
85$2,959,806$0$0$2,005,268
86$3,206,379$0$0$2,173,201
87$3,476,359$0$0$2,357,110
88$3,772,079$0$0$2,558,588
89$4,096,108$0$0$2,779,390
90$4,451,275$0$0$3,021,449
91$4,840,697$0$0$3,286,892
92$5,267,804$0$0$3,578,064
93$5,736,377$0$0$3,897,547
94$6,250,579$0$0$4,248,184
95$6,814,995$0$0$4,633,109
96$7,434,679$0$0$5,055,772
97$8,115,193$0$0$5,519,974
98$8,862,669$0$0$6,029,902
99$9,683,858$0$0$6,590,171
100$10,586,201$0$0$7,205,861