Can I retire at age 58 with 459,000?

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 $459,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$37,904$37,566$37,237$36,915$36,601$36,386
2 years$18,764$18,415$18,076$17,748$17,429$17,212
3 years$12,385$12,034$11,696$11,371$11,058$10,845
4 years$9,196$8,846$8,512$8,192$7,887$7,680
5 years$7,284$6,936$6,606$6,292$5,995$5,796
6 years$6,009$5,664$5,338$5,032$4,744$4,552
7 years$5,099$4,756$4,436$4,137$3,858$3,674
8 years$4,416$4,077$3,762$3,471$3,201$3,024
9 years$3,886$3,550$3,240$2,956$2,695$2,526
10 years$3,462$3,129$2,825$2,548$2,297$2,134
11 years$3,115$2,785$2,487$2,218$1,975$1,820
12 years$2,826$2,500$2,207$1,945$1,712$1,564
13 years$2,582$2,259$1,972$1,717$1,493$1,351
14 years$2,373$2,054$1,772$1,524$1,308$1,174
15 years$2,192$1,876$1,600$1,360$1,152$1,024
16 years$2,034$1,721$1,450$1,217$1,018$897
17 years$1,894$1,585$1,320$1,094$903$788
18 years$1,770$1,465$1,205$986$803$693
19 years$1,659$1,358$1,103$891$715$612
20 years$1,560$1,262$1,012$807$639$541
21 years$1,470$1,175$931$732$572$479
22 years$1,388$1,097$858$666$513$425
23 years$1,314$1,026$792$606$460$378
24 years$1,246$961$733$553$414$336
25 years$1,183$902$679$505$372$299
26 years$1,126$848$629$462$335$267
27 years$1,072$798$585$423$302$238
28 years$1,023$752$543$387$273$212
29 years$977$709$506$355$246$189
30 years$934$670$471$326$223$169
31 years$894$633$439$299$201$151
32 years$857$599$410$275$182$135
33 years$822$567$383$253$165$121
34 years$789$538$357$233$149$108
35 years$758$510$334$214$135$97
36 years$729$484$313$197$122$87
37 years$701$460$293$182$111$78
38 years$675$437$274$168$101$70
39 years$651$416$257$154$91$62
40 years$628$395$241$142$83$56
41 years$605$376$226$131$75$50
42 years$584$358$212$121$68$45
43 years$564$341$199$112$62$40
44 years$545$325$186$103$56$36
45 years$527$310$175$96$51$32
46 years$510$296$164$88$46$29
47 years$493$283$154$82$42$26
48 years$478$270$145$75$38$23
49 years$463$258$136$70$35$21
50 years$448$246$128$64$31$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $459,000, adding $3,836 every year, while hoping to spend $23,242 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: 38/41/21 Blend
57$459,000$459,000$459,000$459,000
58$509,775$485,448$478,333$525,814
59$537,043$484,505$469,628$536,828
60$566,313$482,738$459,852$546,255
61$597,765$480,080$448,946$555,968
62$631,596$476,464$436,845$566,008
63$668,023$471,815$423,484$576,420
64$707,284$466,056$408,793$587,254
65$749,640$459,106$392,700$598,569
66$795,378$450,877$375,130$610,431
67$844,814$441,277$356,004$622,916
68$898,293$430,208$335,239$636,110
69$956,198$417,567$312,748$650,108
70$1,018,946$403,244$288,442$665,019
71$1,087,000$387,124$262,225$680,966
72$1,160,864$369,083$234,000$698,087
73$1,241,097$348,993$203,664$716,538
74$1,328,312$326,716$171,109$736,492
75$1,423,181$302,107$136,223$758,146
76$1,526,448$275,013$98,889$781,718
77$1,638,928$245,271$58,985$807,455
78$1,761,520$212,711$16,382$835,632
79$1,895,213$177,151$0$866,554
80$2,041,093$138,400$0$907,083
81$2,200,359$96,256$0$955,426
82$2,374,329$50,506$0$1,008,368
83$2,564,454$924$0$1,066,420
84$2,772,332$0$0$1,130,148
85$2,999,723$0$0$1,223,970
86$3,248,562$0$0$1,327,160
87$3,520,984$0$0$1,440,194
88$3,819,336$0$0$1,564,052
89$4,146,205$0$0$1,699,819
90$4,504,440$0$0$1,848,686
91$4,897,177$0$0$2,011,964
92$5,327,872$0$0$2,191,100
93$5,800,330$0$0$2,387,687
94$6,318,742$0$0$2,603,478
95$6,887,727$0$0$2,840,405
96$7,512,368$0$0$3,100,597
97$8,198,269$0$0$3,386,399
98$8,951,601$0$0$3,700,392
99$9,779,161$0$0$4,045,424
100$10,688,440$0$0$4,424,628