Can I retire at age 58 with 455,000?

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 $455,000?

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$37,573$37,239$36,912$36,594$36,282$35,550
2 years$18,601$18,254$17,919$17,593$17,277$16,542
3 years$12,277$11,929$11,595$11,272$10,961$10,247
4 years$9,116$8,769$8,438$8,121$7,818$7,130
5 years$7,220$6,875$6,548$6,238$5,943$5,283
6 years$5,956$5,614$5,292$4,988$4,702$4,071
7 years$5,054$4,715$4,398$4,101$3,824$3,222
8 years$4,378$4,041$3,729$3,440$3,173$2,599
9 years$3,852$3,519$3,212$2,930$2,672$2,127
10 years$3,431$3,102$2,800$2,526$2,277$1,759
11 years$3,088$2,761$2,465$2,198$1,958$1,468
12 years$2,801$2,478$2,188$1,928$1,697$1,233
13 years$2,559$2,240$1,955$1,702$1,480$1,042
14 years$2,352$2,036$1,756$1,511$1,297$884
15 years$2,173$1,860$1,586$1,348$1,142$753
16 years$2,016$1,706$1,438$1,207$1,009$644
17 years$1,878$1,571$1,308$1,084$895$552
18 years$1,755$1,452$1,194$977$796$474
19 years$1,645$1,346$1,093$883$709$408
20 years$1,546$1,251$1,003$800$633$351
21 years$1,457$1,165$923$726$567$303
22 years$1,376$1,087$851$660$508$262
23 years$1,303$1,017$785$601$456$226
24 years$1,235$953$726$548$410$196
25 years$1,173$894$673$501$369$170
26 years$1,116$840$624$458$332$147
27 years$1,063$791$579$419$300$128
28 years$1,014$745$539$384$270$111
29 years$969$703$501$352$244$96
30 years$926$664$467$323$221$83
31 years$887$628$435$297$199$72
32 years$850$594$406$273$180$63
33 years$815$562$379$251$163$55
34 years$782$533$354$231$148$48
35 years$752$506$331$212$134$41
36 years$723$480$310$196$121$36
37 years$695$456$290$180$110$31
38 years$670$433$272$166$100$27
39 years$645$412$254$153$90$24
40 years$622$392$239$141$82$21
41 years$600$373$224$130$74$18
42 years$579$355$210$120$67$16
43 years$559$338$197$111$61$14
44 years$541$323$185$103$56$12
45 years$523$308$174$95$50$10
46 years$505$294$163$87$46$9
47 years$489$280$153$81$42$8
48 years$473$267$144$75$38$7
49 years$459$255$135$69$34$6
50 years$444$244$127$64$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $455,000, adding $5,738 every year, while hoping to spend $21,562 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: 54/25/21 Blend
57$455,000$455,000$455,000$455,000
58$507,329$483,214$476,161$531,528
59$536,134$483,949$469,171$549,491
60$567,156$483,998$461,224$566,293
61$600,596$483,305$452,265$584,122
62$636,678$481,808$442,237$603,081
63$675,647$479,444$431,080$623,289
64$717,773$476,147$418,731$644,873
65$763,352$471,844$405,124$667,978
66$812,709$466,460$390,192$692,761
67$866,203$459,914$373,861$719,400
68$924,227$452,122$356,057$748,090
69$987,215$442,992$336,701$779,049
70$1,055,641$432,429$315,711$812,516
71$1,130,031$420,332$293,001$848,758
72$1,210,960$406,595$268,483$888,071
73$1,299,062$391,102$242,061$930,782
74$1,395,035$373,735$213,639$977,253
75$1,499,647$354,365$183,114$1,027,886
76$1,613,741$332,860$150,379$1,083,126
77$1,738,250$309,077$115,323$1,143,464
78$1,874,195$282,865$77,830$1,209,444
79$2,022,703$254,066$37,778$1,281,671
80$2,185,016$222,513$0$1,360,809
81$2,362,499$188,027$0$1,448,710
82$2,556,655$150,422$0$1,554,183
83$2,769,140$109,499$0$1,669,686
84$3,001,778$65,049$0$1,796,250
85$3,256,575$16,853$0$1,935,011
86$3,535,743$0$0$2,087,224
87$3,841,717$0$0$2,263,991
88$4,177,177$0$0$2,462,920
89$4,545,079$0$0$2,681,131
90$4,948,674$0$0$2,920,560
91$5,391,545$0$0$3,183,339
92$5,877,640$0$0$3,471,815
93$6,411,305$0$0$3,788,574
94$6,997,330$0$0$4,136,466
95$7,640,990$0$0$4,518,628
96$8,348,096$0$0$4,938,519
97$9,125,050$0$0$5,399,947
98$9,978,905$0$0$5,907,108
99$10,917,430$0$0$6,464,625
100$11,949,187$0$0$7,077,591