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%17.2%
1 years$38,399$38,057$37,724$37,398$37,080$35,994
2 years$19,010$18,656$18,312$17,980$17,657$16,572
3 years$12,547$12,192$11,849$11,520$11,202$10,152
4 years$9,317$8,962$8,623$8,299$7,990$6,982
5 years$7,379$7,026$6,692$6,375$6,074$5,111
6 years$6,087$5,738$5,408$5,098$4,806$3,890
7 years$5,165$4,818$4,494$4,191$3,908$3,039
8 years$4,474$4,130$3,811$3,516$3,242$2,419
9 years$3,937$3,596$3,283$2,995$2,731$1,952
10 years$3,507$3,170$2,862$2,582$2,327$1,592
11 years$3,156$2,822$2,520$2,247$2,001$1,309
12 years$2,863$2,533$2,236$1,971$1,734$1,083
13 years$2,616$2,289$1,998$1,740$1,512$901
14 years$2,404$2,081$1,795$1,544$1,325$753
15 years$2,220$1,901$1,621$1,377$1,167$631
16 years$2,060$1,744$1,469$1,233$1,031$530
17 years$1,919$1,606$1,337$1,108$915$447
18 years$1,793$1,484$1,221$999$813$377
19 years$1,681$1,375$1,117$902$725$319
20 years$1,580$1,278$1,025$817$647$270
21 years$1,489$1,190$943$742$579$229
22 years$1,407$1,111$869$674$519$194
23 years$1,331$1,039$803$614$466$165
24 years$1,262$974$742$560$419$140
25 years$1,199$914$688$512$377$119
26 years$1,140$859$638$468$340$102
27 years$1,086$808$592$428$306$86
28 years$1,036$762$550$392$276$74
29 years$990$719$512$360$249$63
30 years$947$679$477$330$225$53
31 years$906$641$445$303$204$46
32 years$868$607$415$279$184$39
33 years$833$575$388$256$167$33
34 years$799$545$362$236$151$28
35 years$768$517$339$217$137$24
36 years$739$490$317$200$124$21
37 years$711$466$296$184$112$17
38 years$684$443$278$170$102$15
39 years$659$421$260$157$92$13
40 years$636$400$244$144$84$11
41 years$613$381$229$133$76$9
42 years$592$363$214$123$69$8
43 years$572$346$201$113$63$7
44 years$552$330$189$105$57$6
45 years$534$314$177$97$52$5
46 years$517$300$167$89$47$4
47 years$500$286$156$83$43$4
48 years$484$273$147$76$39$3
49 years$469$261$138$71$35$3
50 years$454$249$130$65$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $465,000, adding $5,983 every year, while hoping to spend $35,890 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: 65/10/25 Blend
57$465,000$465,000$465,000$465,000
58$518,601$493,956$486,749$548,563
59$533,312$479,974$464,868$555,510
60$548,320$464,103$441,052$558,538
61$563,619$446,213$415,197$561,038
62$579,198$426,168$387,196$562,961
63$595,045$403,820$356,936$564,255
64$611,148$379,015$324,302$564,864
65$627,488$351,590$289,169$564,726
66$644,046$321,372$251,410$563,776
67$660,799$288,179$210,893$561,944
68$677,719$251,818$167,476$559,154
69$694,774$212,085$121,014$555,325
70$711,929$168,765$71,356$550,369
71$729,141$121,630$18,342$544,191
72$746,364$70,440$0$536,689
73$763,544$14,942$0$537,954
74$780,619$0$0$543,551
75$797,520$0$0$553,469
76$814,169$0$0$564,835
77$830,479$0$0$575,939
78$846,350$0$0$586,711
79$861,671$0$0$597,070
80$876,318$0$0$606,928
81$890,153$0$0$616,183
82$903,018$0$0$624,723
83$914,742$0$0$632,424
84$925,128$0$0$639,146
85$933,963$0$0$644,733
86$941,004$0$0$649,012
87$945,985$0$0$651,792
88$948,607$0$0$652,856
89$948,539$0$0$651,969
90$945,415$0$0$648,866
91$938,826$0$0$643,254
92$928,320$0$0$634,807
93$913,394$0$0$623,167
94$893,494$0$0$607,932
95$868,002$0$0$588,662
96$836,236$0$0$564,866
97$797,440$0$0$536,001
98$750,778$0$0$501,469
99$695,325$0$0$460,604
100$630,056$0$0$412,672