Can I retire at age 58 with 449,000?

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 $449,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$37,078$36,748$36,426$36,111$35,804$35,623
2 years$18,355$18,014$17,682$17,361$17,049$16,867
3 years$12,115$11,772$11,442$11,123$10,817$10,638
4 years$8,996$8,654$8,327$8,014$7,715$7,542
5 years$7,125$6,785$6,462$6,155$5,865$5,697
6 years$5,878$5,540$5,222$4,922$4,640$4,479
7 years$4,987$4,653$4,340$4,047$3,774$3,619
8 years$4,320$3,988$3,680$3,395$3,131$2,982
9 years$3,801$3,472$3,170$2,892$2,637$2,494
10 years$3,386$3,061$2,764$2,493$2,247$2,110
11 years$3,047$2,725$2,433$2,169$1,932$1,801
12 years$2,765$2,446$2,159$1,903$1,674$1,550
13 years$2,526$2,210$1,929$1,680$1,460$1,341
14 years$2,321$2,009$1,733$1,491$1,280$1,166
15 years$2,144$1,835$1,565$1,330$1,127$1,019
16 years$1,989$1,684$1,419$1,191$996$893
17 years$1,853$1,551$1,291$1,070$883$786
18 years$1,732$1,433$1,179$964$785$693
19 years$1,623$1,328$1,079$871$700$612
20 years$1,526$1,234$990$789$625$542
21 years$1,438$1,149$911$716$559$481
22 years$1,358$1,073$839$651$501$427
23 years$1,285$1,004$775$593$450$380
24 years$1,219$940$717$541$405$339
25 years$1,158$882$664$494$364$302
26 years$1,101$829$616$452$328$270
27 years$1,049$780$572$413$296$241
28 years$1,001$735$532$379$267$215
29 years$956$694$495$347$241$192
30 years$914$655$461$319$218$172
31 years$875$619$430$293$197$154
32 years$838$586$401$269$178$138
33 years$804$555$374$247$161$124
34 years$772$526$350$228$146$111
35 years$742$499$327$210$132$100
36 years$713$474$306$193$120$89
37 years$686$450$286$178$108$80
38 years$661$427$268$164$98$72
39 years$637$406$251$151$89$65
40 years$614$387$235$139$81$58
41 years$592$368$221$129$73$52
42 years$572$351$207$119$67$47
43 years$552$334$194$110$60$42
44 years$533$318$182$101$55$38
45 years$516$304$171$93$50$34
46 years$499$290$161$86$45$30
47 years$483$276$151$80$41$27
48 years$467$264$142$74$37$25
49 years$452$252$133$68$34$22
50 years$438$241$125$63$31$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $449,000, adding $3,315 every year, while hoping to spend $44,425 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: 70/14/16 Blend
57$449,000$449,000$449,000$449,000
58$498,217$474,420$467,461$531,012
59$501,768$450,399$435,853$529,234
60$504,191$423,712$401,697$521,661
61$505,326$394,181$364,862$512,237
62$504,993$361,619$325,208$500,773
63$502,991$325,828$282,591$487,062
64$499,099$286,597$236,861$470,878
65$493,072$243,705$187,861$451,972
66$484,637$196,917$135,425$430,073
67$473,491$145,988$79,384$404,883
68$459,300$90,654$19,556$376,077
69$441,694$30,641$0$343,296
70$420,261$0$0$313,711
71$394,548$0$0$288,677
72$364,051$0$0$264,658
73$328,216$0$0$236,505
74$286,427$0$0$203,744
75$238,005$0$0$165,849
76$182,198$0$0$122,240
77$118,176$0$0$72,277
78$45,022$0$0$15,251
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0