Can I retire at age 58 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$37,243$36,911$36,588$36,272$35,963$34,619
2 years$18,437$18,094$17,761$17,438$17,125$15,786
3 years$12,169$11,825$11,493$11,173$10,865$9,573
4 years$9,036$8,692$8,364$8,049$7,749$6,514
5 years$7,157$6,815$6,491$6,183$5,891$4,717
6 years$5,904$5,565$5,245$4,944$4,661$3,548
7 years$5,010$4,673$4,359$4,065$3,791$2,739
8 years$4,339$4,006$3,697$3,410$3,145$2,153
9 years$3,818$3,488$3,184$2,905$2,648$1,715
10 years$3,401$3,074$2,776$2,504$2,257$1,380
11 years$3,061$2,737$2,444$2,179$1,941$1,120
12 years$2,777$2,457$2,169$1,911$1,682$914
13 years$2,537$2,220$1,938$1,687$1,467$749
14 years$2,331$2,018$1,741$1,498$1,286$617
15 years$2,154$1,843$1,572$1,336$1,132$510
16 years$1,998$1,691$1,425$1,196$1,000$422
17 years$1,861$1,558$1,297$1,075$887$350
18 years$1,739$1,439$1,184$969$789$291
19 years$1,631$1,334$1,084$875$703$242
20 years$1,533$1,240$995$793$628$202
21 years$1,444$1,155$915$719$562$168
22 years$1,364$1,078$843$654$504$141
23 years$1,291$1,008$779$596$452$117
24 years$1,224$944$720$543$406$98
25 years$1,163$886$667$496$366$82
26 years$1,106$833$618$454$329$69
27 years$1,054$784$574$415$297$57
28 years$1,005$739$534$380$268$48
29 years$960$697$497$349$242$40
30 years$918$658$463$320$219$34
31 years$879$622$431$294$198$28
32 years$842$589$403$270$179$24
33 years$808$557$376$249$162$20
34 years$775$528$351$229$147$17
35 years$745$501$328$210$133$14
36 years$716$476$307$194$120$12
37 years$689$452$287$179$109$10
38 years$664$429$269$165$99$8
39 years$640$408$252$152$90$7
40 years$617$388$236$140$81$6
41 years$595$370$222$129$74$5
42 years$574$352$208$119$67$4
43 years$555$336$195$110$61$3
44 years$536$320$183$102$55$3
45 years$518$305$172$94$50$2
46 years$501$291$162$87$45$2
47 years$485$278$152$80$41$2
48 years$469$265$143$74$37$1
49 years$455$253$134$68$34$1
50 years$440$242$126$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $451,000, adding $4,616 every year, while hoping to spend $27,745 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: 62/22/16 Blend
57$451,000$451,000$451,000$451,000
58$501,763$477,860$470,870$530,591
59$523,423$471,755$457,124$544,428
60$546,362$464,421$441,987$555,979
61$570,681$455,768$425,384$567,929
62$596,491$445,701$407,235$580,318
63$623,914$434,121$387,458$593,192
64$653,081$420,921$365,966$606,604
65$684,137$405,988$342,668$620,610
66$717,241$389,203$317,469$635,276
67$752,566$370,441$290,270$650,676
68$790,302$349,567$260,969$666,891
69$830,659$326,441$229,457$684,014
70$873,863$300,914$195,621$702,147
71$920,167$272,828$159,344$721,407
72$969,844$242,017$120,502$741,922
73$1,023,197$208,305$78,968$763,837
74$1,080,556$171,505$34,606$787,313
75$1,142,285$131,421$0$812,529
76$1,208,783$87,845$0$841,862
77$1,280,488$40,559$0$879,805
78$1,357,883$0$0$920,722
79$1,441,495$0$0$967,499
80$1,531,906$0$0$1,028,724
81$1,629,756$0$0$1,095,015
82$1,735,747$0$0$1,166,849
83$1,850,652$0$0$1,244,755
84$1,975,319$0$0$1,329,313
85$2,110,683$0$0$1,421,159
86$2,257,771$0$0$1,520,996
87$2,417,714$0$0$1,629,595
88$2,591,755$0$0$1,747,805
89$2,781,263$0$0$1,876,560
90$2,987,742$0$0$2,016,888
91$3,212,851$0$0$2,169,921
92$3,458,411$0$0$2,336,903
93$3,726,432$0$0$2,519,206
94$4,019,120$0$0$2,718,337
95$4,338,910$0$0$2,935,958
96$4,688,479$0$0$3,173,898
97$5,070,774$0$0$3,434,169
98$5,489,041$0$0$3,718,988
99$5,946,855$0$0$4,030,798
100$6,448,150$0$0$4,372,284