Can I retire at age 58 with 464,000?

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 $464,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$38,317$37,975$37,642$37,317$37,000$36,568
2 years$18,969$18,615$18,273$17,941$17,619$17,184
3 years$12,520$12,165$11,824$11,495$11,178$10,754
4 years$9,297$8,943$8,605$8,282$7,972$7,562
5 years$7,363$7,011$6,678$6,361$6,061$5,665
6 years$6,074$5,725$5,397$5,087$4,795$4,416
7 years$5,154$4,808$4,485$4,182$3,900$3,536
8 years$4,464$4,121$3,803$3,508$3,235$2,887
9 years$3,928$3,588$3,276$2,988$2,725$2,392
10 years$3,499$3,163$2,856$2,576$2,322$2,005
11 years$3,149$2,816$2,514$2,242$1,997$1,695
12 years$2,857$2,527$2,231$1,966$1,730$1,443
13 years$2,610$2,284$1,994$1,736$1,509$1,236
14 years$2,399$2,076$1,791$1,541$1,323$1,064
15 years$2,216$1,897$1,617$1,374$1,165$920
16 years$2,056$1,740$1,466$1,231$1,029$797
17 years$1,915$1,603$1,334$1,106$913$694
18 years$1,789$1,481$1,218$996$811$605
19 years$1,678$1,372$1,115$900$723$528
20 years$1,577$1,275$1,023$815$646$462
21 years$1,486$1,188$941$740$578$405
22 years$1,404$1,109$867$673$518$356
23 years$1,328$1,037$801$613$465$313
24 years$1,260$972$741$559$418$275
25 years$1,196$912$686$510$376$242
26 years$1,138$857$636$467$339$214
27 years$1,084$807$591$427$306$188
28 years$1,034$760$549$391$276$166
29 years$988$717$511$359$249$147
30 years$945$677$476$329$225$130
31 years$904$640$444$303$203$115
32 years$866$606$414$278$184$101
33 years$831$574$387$256$166$90
34 years$798$544$361$235$151$79
35 years$766$516$338$217$137$70
36 years$737$489$316$199$124$62
37 years$709$465$296$184$112$55
38 years$683$442$277$169$102$49
39 years$658$420$259$156$92$43
40 years$634$400$243$144$84$38
41 years$612$380$228$133$76$34
42 years$591$362$214$123$69$30
43 years$571$345$201$113$62$27
44 years$551$329$188$105$57$23
45 years$533$314$177$97$51$21
46 years$515$299$166$89$47$18
47 years$499$286$156$82$42$16
48 years$483$273$147$76$39$14
49 years$468$260$138$70$35$13
50 years$453$249$130$65$32$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $464,000, adding $5,716 every year, while hoping to spend $26,245 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: 35/36/29 Blend
57$464,000$464,000$464,000$464,000
58$517,224$492,632$485,440$530,653
59$542,056$488,847$473,778$537,438
60$568,542$483,996$460,845$542,001
61$596,822$478,000$446,572$546,424
62$627,050$470,775$430,885$550,712
63$659,397$462,230$413,707$554,874
64$694,047$452,271$394,958$558,920
65$731,204$440,797$374,553$562,868
66$771,091$427,700$352,405$566,736
67$813,955$412,870$328,423$570,548
68$860,063$396,185$302,509$574,336
69$909,711$377,520$274,565$578,134
70$963,223$356,740$244,485$581,987
71$1,020,957$333,705$212,161$585,946
72$1,083,304$308,266$177,477$590,071
73$1,150,693$280,263$140,315$594,433
74$1,223,598$249,531$100,550$599,115
75$1,302,539$215,891$58,052$604,210
76$1,388,087$179,159$12,686$609,828
77$1,480,871$139,137$0$616,095
78$1,581,581$95,616$0$634,211
79$1,690,978$48,377$0$658,191
80$1,809,898$0$0$684,340
81$1,939,261$0$0$714,035
82$2,080,078$0$0$767,279
83$2,233,464$0$0$825,337
84$2,400,643$0$0$888,681
85$2,582,965$0$0$957,829
86$2,781,913$0$0$1,033,353
87$2,999,122$0$0$1,115,882
88$3,236,390$0$0$1,206,108
89$3,495,697$0$0$1,304,795
90$3,779,223$0$0$1,412,781
91$4,089,368$0$0$1,530,990
92$4,428,775$0$0$1,660,442
93$4,800,353$0$0$1,802,256
94$5,207,308$0$0$1,957,667
95$5,653,167$0$0$2,128,035
96$6,141,818$0$0$2,314,858
97$6,677,540$0$0$2,519,783
98$7,265,047$0$0$2,744,629
99$7,909,531$0$0$2,991,395
100$8,616,711$0$0$3,262,286