Can I retire at age 58 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$38,069$37,730$37,399$37,076$36,761$35,414
2 years$18,846$18,495$18,155$17,825$17,505$16,164
3 years$12,439$12,087$11,747$11,421$11,106$9,811
4 years$9,236$8,885$8,549$8,228$7,921$6,683
5 years$7,315$6,966$6,634$6,320$6,021$4,844
6 years$6,035$5,688$5,362$5,054$4,764$3,648
7 years$5,121$4,777$4,456$4,155$3,875$2,819
8 years$4,435$4,095$3,779$3,486$3,215$2,219
9 years$3,903$3,565$3,255$2,969$2,707$1,770
10 years$3,477$3,143$2,837$2,559$2,307$1,426
11 years$3,128$2,798$2,498$2,227$1,984$1,158
12 years$2,838$2,511$2,217$1,954$1,719$947
13 years$2,593$2,269$1,981$1,725$1,499$777
14 years$2,383$2,063$1,780$1,531$1,314$641
15 years$2,201$1,884$1,607$1,365$1,157$530
16 years$2,042$1,729$1,457$1,223$1,023$440
17 years$1,902$1,592$1,326$1,099$907$365
18 years$1,778$1,471$1,210$990$806$304
19 years$1,667$1,364$1,108$895$719$253
20 years$1,567$1,267$1,017$810$642$212
21 years$1,476$1,180$935$735$574$177
22 years$1,395$1,102$862$669$515$148
23 years$1,320$1,030$796$609$462$124
24 years$1,251$965$736$555$415$103
25 years$1,189$906$682$507$374$87
26 years$1,131$851$632$464$337$73
27 years$1,077$801$587$424$304$61
28 years$1,027$755$546$389$274$51
29 years$981$712$508$357$247$43
30 years$938$673$473$327$223$36
31 years$898$636$441$301$202$30
32 years$861$602$411$276$183$25
33 years$826$570$384$254$165$21
34 years$793$540$359$234$150$18
35 years$761$512$336$215$136$15
36 years$732$486$314$198$123$13
37 years$705$462$294$183$111$11
38 years$678$439$275$168$101$9
39 years$654$417$258$155$92$7
40 years$630$397$242$143$83$6
41 years$608$378$227$132$75$5
42 years$587$360$213$122$68$4
43 years$567$343$199$112$62$4
44 years$548$327$187$104$56$3
45 years$530$312$176$96$51$3
46 years$512$297$165$89$46$2
47 years$496$284$155$82$42$2
48 years$480$271$146$76$38$2
49 years$465$259$137$70$35$1
50 years$450$247$129$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $461,000, adding $6,892 every year, while hoping to spend $33,675 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: 36/41/23 Blend
57$461,000$461,000$461,000$461,000
58$515,131$490,698$483,553$529,891
59$531,845$478,912$463,922$529,557
60$549,134$465,420$442,504$525,595
61$567,023$450,103$419,206$520,641
62$585,536$432,835$393,925$514,627
63$604,698$413,481$366,559$507,480
64$624,537$391,902$336,999$499,125
65$645,082$367,947$305,131$489,483
66$666,363$341,459$270,835$478,468
67$688,412$312,271$233,988$465,994
68$711,264$280,206$194,461$451,966
69$734,954$245,077$152,117$436,287
70$759,522$206,689$106,815$418,854
71$785,009$164,832$58,409$399,559
72$811,457$119,286$6,743$378,287
73$838,914$69,820$0$354,920
74$867,430$16,187$0$341,207
75$897,057$0$0$327,680
76$927,852$0$0$331,475
77$959,876$0$0$343,026
78$993,193$0$0$355,054
79$1,027,875$0$0$367,586
80$1,063,996$0$0$380,649
81$1,101,636$0$0$394,276
82$1,140,882$0$0$408,499
83$1,181,829$0$0$423,354
84$1,224,576$0$0$438,879
85$1,269,232$0$0$455,117
86$1,315,916$0$0$472,112
87$1,364,754$0$0$489,914
88$1,415,884$0$0$508,575
89$1,469,454$0$0$528,154
90$1,525,627$0$0$548,713
91$1,584,578$0$0$570,319
92$1,646,496$0$0$593,046
93$1,711,590$0$0$616,975
94$1,780,084$0$0$642,194
95$1,852,222$0$0$668,796
96$1,928,271$0$0$696,887
97$2,008,521$0$0$726,579
98$2,093,289$0$0$757,995
99$2,182,921$0$0$791,272
100$2,277,792$0$0$826,555