Can I retire at age 58 with 465,000?

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 $465,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$38,399$38,057$37,724$37,398$37,080$36,571
2 years$19,010$18,656$18,312$17,980$17,657$17,145
3 years$12,547$12,192$11,849$11,520$11,202$10,704
4 years$9,317$8,962$8,623$8,299$7,990$7,508
5 years$7,379$7,026$6,692$6,375$6,074$5,610
6 years$6,087$5,738$5,408$5,098$4,806$4,361
7 years$5,165$4,818$4,494$4,191$3,908$3,483
8 years$4,474$4,130$3,811$3,516$3,242$2,835
9 years$3,937$3,596$3,283$2,995$2,731$2,342
10 years$3,507$3,170$2,862$2,582$2,327$1,957
11 years$3,156$2,822$2,520$2,247$2,001$1,649
12 years$2,863$2,533$2,236$1,971$1,734$1,400
13 years$2,616$2,289$1,998$1,740$1,512$1,195
14 years$2,404$2,081$1,795$1,544$1,325$1,025
15 years$2,220$1,901$1,621$1,377$1,167$883
16 years$2,060$1,744$1,469$1,233$1,031$763
17 years$1,919$1,606$1,337$1,108$915$661
18 years$1,793$1,484$1,221$999$813$575
19 years$1,681$1,375$1,117$902$725$500
20 years$1,580$1,278$1,025$817$647$436
21 years$1,489$1,190$943$742$579$381
22 years$1,407$1,111$869$674$519$333
23 years$1,331$1,039$803$614$466$292
24 years$1,262$974$742$560$419$256
25 years$1,199$914$688$512$377$224
26 years$1,140$859$638$468$340$197
27 years$1,086$808$592$428$306$173
28 years$1,036$762$550$392$276$152
29 years$990$719$512$360$249$134
30 years$947$679$477$330$225$118
31 years$906$641$445$303$204$104
32 years$868$607$415$279$184$91
33 years$833$575$388$256$167$80
34 years$799$545$362$236$151$71
35 years$768$517$339$217$137$62
36 years$739$490$317$200$124$55
37 years$711$466$296$184$112$48
38 years$684$443$278$170$102$43
39 years$659$421$260$157$92$38
40 years$636$400$244$144$84$33
41 years$613$381$229$133$76$29
42 years$592$363$214$123$69$26
43 years$572$346$201$113$63$23
44 years$552$330$189$105$57$20
45 years$534$314$177$97$52$18
46 years$517$300$167$89$47$16
47 years$500$286$156$83$43$14
48 years$484$273$147$76$39$12
49 years$469$261$138$71$35$11
50 years$454$249$130$65$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $465,000, adding $6,485 every year, while hoping to spend $32,780 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: 38/46/16 Blend
57$465,000$465,000$465,000$465,000
58$519,119$494,474$487,267$536,119
59$537,192$483,826$468,713$538,251
60$556,009$471,557$448,438$536,931
61$575,612$457,554$426,351$534,807
62$596,046$441,695$402,355$531,821
63$617,359$423,854$376,350$527,917
64$639,601$403,895$348,230$523,033
65$662,830$381,675$317,884$517,106
66$687,104$357,043$285,199$510,068
67$712,489$329,838$250,054$501,851
68$739,056$299,893$212,324$492,381
69$766,880$267,028$171,877$481,582
70$796,043$231,054$128,577$469,376
71$826,637$191,773$82,281$455,680
72$858,756$148,973$32,840$440,408
73$892,508$102,431$0$423,472
74$928,006$51,912$0$408,180
75$965,376$0$0$397,241
76$1,004,753$0$0$386,404
77$1,046,285$0$0$402,714
78$1,090,134$0$0$419,960
79$1,136,474$0$0$438,214
80$1,185,498$0$0$457,556
81$1,237,415$0$0$478,073
82$1,292,455$0$0$499,857
83$1,350,866$0$0$523,015
84$1,412,923$0$0$547,657
85$1,478,923$0$0$573,909
86$1,549,196$0$0$601,906
87$1,624,097$0$0$631,796
88$1,704,021$0$0$663,743
89$1,789,396$0$0$697,925
90$1,880,693$0$0$734,538
91$1,978,430$0$0$773,796
92$2,083,172$0$0$815,935
93$2,195,540$0$0$861,213
94$2,316,216$0$0$909,914
95$2,445,948$0$0$962,350
96$2,585,557$0$0$1,018,862
97$2,735,945$0$0$1,079,827
98$2,898,102$0$0$1,145,657
99$3,073,117$0$0$1,216,806
100$3,262,185$0$0$1,293,772