Can I retire at age 58 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$37,161$36,830$36,507$36,191$35,884$35,159
2 years$18,396$18,054$17,722$17,400$17,087$16,361
3 years$12,142$11,798$11,467$11,148$10,841$10,135
4 years$9,016$8,673$8,345$8,032$7,732$7,051
5 years$7,141$6,800$6,476$6,169$5,878$5,225
6 years$5,891$5,552$5,234$4,933$4,651$4,027
7 years$4,999$4,663$4,349$4,056$3,782$3,187
8 years$4,330$3,997$3,688$3,403$3,138$2,571
9 years$3,810$3,480$3,177$2,898$2,642$2,104
10 years$3,394$3,068$2,770$2,498$2,252$1,740
11 years$3,054$2,731$2,438$2,174$1,936$1,452
12 years$2,771$2,451$2,164$1,907$1,678$1,220
13 years$2,531$2,215$1,933$1,684$1,463$1,031
14 years$2,326$2,013$1,737$1,495$1,283$875
15 years$2,149$1,839$1,568$1,333$1,129$745
16 years$1,994$1,688$1,422$1,193$998$637
17 years$1,857$1,554$1,294$1,072$885$546
18 years$1,735$1,436$1,181$966$787$468
19 years$1,627$1,331$1,081$873$701$403
20 years$1,529$1,237$992$791$627$347
21 years$1,441$1,152$913$718$561$300
22 years$1,361$1,075$841$653$503$259
23 years$1,288$1,006$777$594$451$224
24 years$1,222$942$718$542$405$194
25 years$1,160$884$665$495$365$168
26 years$1,104$831$617$453$329$145
27 years$1,051$782$573$414$296$126
28 years$1,003$737$533$380$267$109
29 years$958$695$496$348$241$95
30 years$916$657$462$319$218$82
31 years$877$621$430$293$197$72
32 years$840$587$402$270$178$62
33 years$806$556$375$248$161$54
34 years$774$527$350$228$146$47
35 years$743$500$328$210$132$41
36 years$715$475$306$193$120$36
37 years$688$451$287$178$109$31
38 years$662$428$269$164$99$27
39 years$638$407$252$151$89$23
40 years$615$388$236$140$81$20
41 years$594$369$221$129$74$18
42 years$573$351$207$119$67$15
43 years$553$335$195$110$61$13
44 years$535$319$183$101$55$12
45 years$517$304$172$94$50$10
46 years$500$290$161$86$45$9
47 years$484$277$151$80$41$8
48 years$468$264$142$74$37$7
49 years$454$253$134$68$34$6
50 years$439$241$126$63$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $450,000, adding $3,546 every year, while hoping to spend $28,846 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: 62/33/5 Blend
57$450,000$450,000$450,000$450,000
58$499,558$475,708$468,733$529,919
59$519,821$468,325$453,743$543,218
60$541,184$459,615$437,285$554,027
61$563,728$449,480$419,278$565,072
62$587,544$437,820$399,639$576,376
63$612,728$424,527$378,282$587,964
64$639,386$409,489$355,114$599,863
65$667,634$392,585$330,041$612,108
66$697,599$373,688$302,964$624,735
67$729,419$352,663$273,778$637,787
68$763,246$329,370$242,376$651,313
69$799,245$303,657$208,643$665,369
70$837,598$275,366$172,462$680,016
71$878,503$244,329$133,710$695,328
72$922,177$210,368$92,256$711,383
73$968,859$173,296$47,967$728,274
74$1,018,811$132,915$701$746,103
75$1,072,318$89,016$0$764,985
76$1,129,694$41,378$0$787,706
77$1,191,286$0$0$811,970
78$1,257,469$0$0$841,628
79$1,328,661$0$0$889,717
80$1,405,317$0$0$941,522
81$1,487,937$0$0$997,384
82$1,577,072$0$0$1,057,678
83$1,673,325$0$0$1,122,817
84$1,777,361$0$0$1,193,254
85$1,889,910$0$0$1,269,487
86$2,011,773$0$0$1,352,063
87$2,143,832$0$0$1,441,584
88$2,287,058$0$0$1,538,711
89$2,442,516$0$0$1,644,174
90$2,611,380$0$0$1,758,772
91$2,794,939$0$0$1,883,386
92$2,994,612$0$0$2,018,984
93$3,211,962$0$0$2,166,635
94$3,448,707$0$0$2,327,509
95$3,706,737$0$0$2,502,898
96$3,988,133$0$0$2,694,224
97$4,295,186$0$0$2,903,050
98$4,630,417$0$0$3,131,098
99$4,996,600$0$0$3,380,263
100$5,396,792$0$0$3,652,631