Can I retire at age 58 with 453,000?

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 $453,000?

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$37,408$37,075$36,750$36,433$36,123$34,690
2 years$18,519$18,174$17,840$17,516$17,201$15,775
3 years$12,223$11,877$11,544$11,222$10,913$9,539
4 years$9,076$8,731$8,401$8,085$7,783$6,472
5 years$7,188$6,845$6,519$6,210$5,917$4,671
6 years$5,930$5,590$5,269$4,966$4,682$3,502
7 years$5,032$4,694$4,378$4,083$3,808$2,694
8 years$4,358$4,024$3,713$3,425$3,159$2,110
9 years$3,835$3,503$3,198$2,918$2,660$1,675
10 years$3,416$3,088$2,788$2,515$2,267$1,343
11 years$3,074$2,749$2,455$2,189$1,949$1,085
12 years$2,789$2,467$2,178$1,920$1,689$882
13 years$2,548$2,230$1,946$1,695$1,473$720
14 years$2,342$2,027$1,749$1,505$1,291$591
15 years$2,163$1,852$1,579$1,342$1,137$486
16 years$2,007$1,699$1,431$1,201$1,005$400
17 years$1,869$1,565$1,303$1,079$891$331
18 years$1,747$1,446$1,189$973$792$274
19 years$1,638$1,340$1,089$879$706$227
20 years$1,540$1,245$999$796$631$188
21 years$1,451$1,160$919$723$564$156
22 years$1,370$1,083$847$657$506$130
23 years$1,297$1,012$782$598$454$108
24 years$1,230$949$723$546$408$90
25 years$1,168$890$670$498$367$75
26 years$1,111$837$621$456$331$62
27 years$1,058$787$577$417$298$52
28 years$1,010$742$536$382$269$43
29 years$964$700$499$350$243$36
30 years$922$661$465$322$220$30
31 years$883$625$433$295$199$25
32 years$846$591$404$271$180$21
33 years$811$560$378$250$163$17
34 years$779$531$353$230$147$14
35 years$748$503$330$211$133$12
36 years$719$478$309$195$121$10
37 years$692$454$289$179$109$8
38 years$667$431$270$165$99$7
39 years$642$410$253$152$90$6
40 years$619$390$237$141$82$5
41 years$597$371$223$130$74$4
42 years$577$354$209$120$67$3
43 years$557$337$196$111$61$3
44 years$538$321$184$102$55$2
45 years$520$306$173$94$50$2
46 years$503$292$162$87$46$2
47 years$487$279$152$80$41$1
48 years$471$266$143$74$38$1
49 years$457$254$135$69$34$1
50 years$442$243$127$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $453,000, adding $3,400 every year, while hoping to spend $26,255 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: 45/44/11 Blend
57$453,000$453,000$453,000$453,000
58$502,713$478,704$471,683$523,620
59$526,055$474,225$459,549$533,985
60$550,897$468,647$446,129$542,267
61$577,366$461,888$431,351$550,658
62$605,598$453,862$415,142$559,177
63$635,745$444,476$397,425$567,849
64$667,970$433,635$378,118$576,702
65$702,454$421,234$357,136$585,767
66$739,396$407,166$334,392$595,083
67$779,012$391,316$309,792$604,694
68$821,542$373,561$283,241$614,651
69$867,247$353,772$254,636$625,013
70$916,413$331,815$223,874$635,848
71$969,357$307,543$190,843$647,233
72$1,026,424$280,806$155,430$659,257
73$1,087,995$251,441$117,512$672,019
74$1,154,488$219,279$76,967$685,636
75$1,226,362$184,140$33,661$700,236
76$1,304,122$145,834$0$715,967
77$1,388,323$104,160$0$734,469
78$1,479,574$58,906$0$758,767
79$1,578,547$9,849$0$785,137
80$1,685,978$0$0$813,835
81$1,802,680$0$0$866,089
82$1,929,545$0$0$928,123
83$2,067,554$0$0$995,656
84$2,217,787$0$0$1,069,223
85$2,381,434$0$0$1,149,412
86$2,559,801$0$0$1,236,871
87$2,754,329$0$0$1,332,313
88$2,966,602$0$0$1,436,522
89$3,198,364$0$0$1,550,362
90$3,451,534$0$0$1,674,785
91$3,728,226$0$0$1,810,836
92$4,030,767$0$0$1,959,670
93$4,361,718$0$0$2,122,554
94$4,723,901$0$0$2,300,887
95$5,120,420$0$0$2,496,207
96$5,554,697$0$0$2,710,210
97$6,030,498$0$0$2,944,763
98$6,551,971$0$0$3,201,920
99$7,123,685$0$0$3,483,946
100$7,750,671$0$0$3,793,334