Can I retire at age 58 with 463,000?

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 $463,000?

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$38,234$37,894$37,561$37,237$36,920$36,703
2 years$18,928$18,575$18,234$17,902$17,581$17,362
3 years$12,493$12,139$11,798$11,470$11,154$10,940
4 years$9,277$8,924$8,586$8,264$7,955$7,747
5 years$7,347$6,996$6,663$6,347$6,047$5,847
6 years$6,061$5,713$5,385$5,076$4,785$4,592
7 years$5,143$4,798$4,475$4,173$3,892$3,706
8 years$4,455$4,113$3,795$3,501$3,228$3,050
9 years$3,920$3,581$3,269$2,982$2,719$2,548
10 years$3,492$3,156$2,850$2,570$2,317$2,153
11 years$3,142$2,810$2,509$2,237$1,992$1,836
12 years$2,851$2,522$2,227$1,962$1,727$1,577
13 years$2,604$2,279$1,989$1,732$1,506$1,363
14 years$2,394$2,072$1,787$1,538$1,320$1,184
15 years$2,211$1,892$1,614$1,371$1,162$1,033
16 years$2,051$1,736$1,463$1,228$1,027$905
17 years$1,911$1,599$1,331$1,103$911$794
18 years$1,786$1,478$1,215$994$810$700
19 years$1,674$1,369$1,113$898$722$617
20 years$1,574$1,273$1,021$814$645$546
21 years$1,483$1,185$939$738$577$484
22 years$1,401$1,106$866$671$517$429
23 years$1,326$1,035$799$612$464$381
24 years$1,257$970$739$558$417$339
25 years$1,194$910$685$509$375$302
26 years$1,136$855$635$466$338$269
27 years$1,082$805$590$426$305$240
28 years$1,032$758$548$391$275$214
29 years$986$715$510$358$248$191
30 years$942$676$475$329$224$171
31 years$902$639$443$302$203$153
32 years$864$604$413$277$184$137
33 years$829$572$386$255$166$122
34 years$796$542$361$235$150$109
35 years$765$514$337$216$136$98
36 years$735$488$315$199$123$88
37 years$708$464$295$183$112$79
38 years$681$441$276$169$101$70
39 years$657$419$259$156$92$63
40 years$633$399$243$144$83$56
41 years$611$380$228$133$76$51
42 years$589$362$213$122$69$45
43 years$569$344$200$113$62$41
44 years$550$328$188$104$57$37
45 years$532$313$177$96$51$33
46 years$514$299$166$89$47$29
47 years$498$285$156$82$42$26
48 years$482$272$146$76$38$24
49 years$467$260$138$70$35$21
50 years$452$248$129$65$32$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $463,000, adding $5,635 every year, while hoping to spend $32,561 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: 47/30/23 Blend
57$463,000$463,000$463,000$463,000
58$516,039$491,500$484,323$536,669
59$534,030$480,938$465,903$541,131
60$552,765$468,768$445,775$542,297
61$572,285$454,876$423,847$542,903
62$592,636$439,143$400,023$542,910
63$613,864$421,440$374,203$542,281
64$636,022$401,635$346,283$540,975
65$659,166$379,584$316,153$538,950
66$683,356$355,139$283,699$536,165
67$708,658$328,140$248,803$532,573
68$735,141$298,420$211,338$528,130
69$762,884$265,800$171,176$522,788
70$791,968$230,094$128,180$516,500
71$822,483$191,104$82,209$509,215
72$854,528$148,620$33,115$500,884
73$888,208$102,420$0$491,455
74$923,639$52,272$0$485,607
75$960,946$0$0$487,537
76$1,000,266$0$0$489,783
77$1,041,748$0$0$510,376
78$1,085,553$0$0$532,145
79$1,131,860$0$0$555,181
80$1,180,860$0$0$579,582
81$1,232,765$0$0$605,457
82$1,287,806$0$0$632,924
83$1,346,234$0$0$662,112
84$1,408,324$0$0$693,164
85$1,474,377$0$0$726,233
86$1,544,724$0$0$761,490
87$1,619,725$0$0$799,121
88$1,699,775$0$0$839,328
89$1,785,308$0$0$882,336
90$1,876,798$0$0$928,389
91$1,974,766$0$0$977,754
92$2,079,782$0$0$1,030,727
93$2,192,473$0$0$1,087,630
94$2,313,526$0$0$1,148,819
95$2,443,696$0$0$1,214,681
96$2,583,809$0$0$1,285,644
97$2,734,776$0$0$1,362,179
98$2,897,596$0$0$1,444,800
99$3,073,365$0$0$1,534,074
100$3,263,289$0$0$1,630,625