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%11.7%
1 years$38,399$38,057$37,724$37,398$37,080$36,815
2 years$19,010$18,656$18,312$17,980$17,657$17,390
3 years$12,547$12,192$11,849$11,520$11,202$10,942
4 years$9,317$8,962$8,623$8,299$7,990$7,737
5 years$7,379$7,026$6,692$6,375$6,074$5,830
6 years$6,087$5,738$5,408$5,098$4,806$4,571
7 years$5,165$4,818$4,494$4,191$3,908$3,683
8 years$4,474$4,130$3,811$3,516$3,242$3,026
9 years$3,937$3,596$3,283$2,995$2,731$2,523
10 years$3,507$3,170$2,862$2,582$2,327$2,129
11 years$3,156$2,822$2,520$2,247$2,001$1,812
12 years$2,863$2,533$2,236$1,971$1,734$1,554
13 years$2,616$2,289$1,998$1,740$1,512$1,340
14 years$2,404$2,081$1,795$1,544$1,325$1,162
15 years$2,220$1,901$1,621$1,377$1,167$1,012
16 years$2,060$1,744$1,469$1,233$1,031$884
17 years$1,919$1,606$1,337$1,108$915$775
18 years$1,793$1,484$1,221$999$813$681
19 years$1,681$1,375$1,117$902$725$600
20 years$1,580$1,278$1,025$817$647$529
21 years$1,489$1,190$943$742$579$468
22 years$1,407$1,111$869$674$519$414
23 years$1,331$1,039$803$614$466$367
24 years$1,262$974$742$560$419$326
25 years$1,199$914$688$512$377$289
26 years$1,140$859$638$468$340$257
27 years$1,086$808$592$428$306$229
28 years$1,036$762$550$392$276$204
29 years$990$719$512$360$249$181
30 years$947$679$477$330$225$162
31 years$906$641$445$303$204$144
32 years$868$607$415$279$184$129
33 years$833$575$388$256$167$115
34 years$799$545$362$236$151$102
35 years$768$517$339$217$137$92
36 years$739$490$317$200$124$82
37 years$711$466$296$184$112$73
38 years$684$443$278$170$102$65
39 years$659$421$260$157$92$58
40 years$636$400$244$144$84$52
41 years$613$381$229$133$76$47
42 years$592$363$214$123$69$42
43 years$572$346$201$113$63$37
44 years$552$330$189$105$57$33
45 years$534$314$177$97$52$30
46 years$517$300$167$89$47$27
47 years$500$286$156$83$43$24
48 years$484$273$147$76$39$21
49 years$469$261$138$71$35$19
50 years$454$249$130$65$32$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $465,000, adding $3,712 every year, while hoping to spend $38,784 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: 77/5/18 Blend
57$465,000$465,000$465,000$465,000
58$516,259$491,614$484,406$553,632
59$527,651$474,437$459,368$561,665
60$538,906$455,119$432,191$565,259
61$549,968$433,513$402,763$568,154
62$560,775$409,466$370,966$570,269
63$571,258$382,813$336,677$571,511
64$581,338$353,383$299,768$571,783
65$590,929$320,993$260,104$570,976
66$599,933$285,450$217,547$568,970
67$608,239$246,551$171,948$565,636
68$615,727$204,080$123,156$560,831
69$622,260$157,809$71,011$554,397
70$627,688$107,498$15,346$546,162
71$631,840$52,893$0$535,938
72$634,530$0$0$531,980
73$635,549$0$0$529,640
74$634,665$0$0$528,587
75$631,622$0$0$525,690
76$626,132$0$0$520,709
77$617,881$0$0$513,374
78$606,516$0$0$503,386
79$591,649$0$0$490,416
80$572,848$0$0$474,097
81$549,637$0$0$454,023
82$521,486$0$0$429,747
83$487,811$0$0$400,770
84$447,965$0$0$366,545
85$401,232$0$0$326,462
86$346,821$0$0$279,851
87$283,856$0$0$225,969
88$211,372$0$0$163,994
89$128,299$0$0$93,019
90$33,457$0$0$12,043
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0