Can I retire at age 58 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$38,482$38,139$37,805$37,478$37,159$35,913
2 years$19,050$18,696$18,352$18,018$17,695$16,451
3 years$12,574$12,218$11,875$11,545$11,226$10,024
4 years$9,337$8,981$8,642$8,317$8,007$6,856
5 years$7,395$7,042$6,706$6,388$6,087$4,990
6 years$6,100$5,750$5,420$5,109$4,816$3,775
7 years$5,176$4,829$4,504$4,200$3,917$2,931
8 years$4,484$4,139$3,820$3,524$3,249$2,317
9 years$3,945$3,604$3,290$3,001$2,736$1,858
10 years$3,514$3,177$2,868$2,587$2,332$1,504
11 years$3,162$2,828$2,525$2,252$2,005$1,228
12 years$2,869$2,538$2,241$1,975$1,738$1,009
13 years$2,621$2,294$2,002$1,744$1,515$833
14 years$2,409$2,085$1,799$1,548$1,328$691
15 years$2,225$1,905$1,624$1,380$1,170$575
16 years$2,065$1,748$1,473$1,236$1,034$479
17 years$1,923$1,609$1,340$1,110$917$401
18 years$1,797$1,487$1,223$1,001$815$335
19 years$1,685$1,378$1,120$904$726$281
20 years$1,584$1,281$1,028$819$649$236
21 years$1,493$1,193$945$743$581$199
22 years$1,410$1,114$871$676$520$167
23 years$1,334$1,042$804$615$467$141
24 years$1,265$976$744$561$420$119
25 years$1,201$916$689$513$378$100
26 years$1,143$861$639$469$340$84
27 years$1,089$810$593$429$307$71
28 years$1,039$763$552$393$277$60
29 years$992$720$513$360$250$51
30 years$949$680$478$331$226$43
31 years$908$643$446$304$204$36
32 years$870$608$416$279$185$30
33 years$835$576$388$257$167$26
34 years$801$546$363$236$151$22
35 years$770$518$339$217$137$18
36 years$740$491$317$200$124$16
37 years$712$467$297$185$113$13
38 years$686$444$278$170$102$11
39 years$661$422$261$157$93$9
40 years$637$401$244$145$84$8
41 years$615$382$229$133$76$7
42 years$593$364$215$123$69$6
43 years$573$347$202$114$63$5
44 years$554$330$189$105$57$4
45 years$535$315$178$97$52$3
46 years$518$301$167$90$47$3
47 years$501$287$157$83$43$2
48 years$485$274$147$76$39$2
49 years$470$262$138$71$35$2
50 years$455$250$130$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $466,000, adding $4,545 every year, while hoping to spend $35,076 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: 63/17/20 Blend
57$466,000$466,000$466,000$466,000
58$518,220$493,522$486,299$547,936
59$533,758$480,384$465,270$555,364
60$549,705$465,427$442,360$559,126
61$566,066$448,524$417,470$562,422
62$582,845$429,542$390,496$565,210
63$600,046$408,340$361,328$567,443
64$617,670$384,767$329,851$569,075
65$635,718$358,668$295,948$570,052
66$654,192$329,873$259,492$570,319
67$673,089$298,206$220,355$569,818
68$692,408$263,481$178,400$568,485
69$712,142$225,501$133,486$566,252
70$732,287$184,057$85,463$563,048
71$752,832$138,928$34,179$558,795
72$773,768$89,882$0$553,410
73$795,080$36,673$0$551,192
74$816,750$0$0$555,728
75$838,760$0$0$563,576
76$861,083$0$0$578,483
77$883,691$0$0$593,570
78$906,551$0$0$608,813
79$929,623$0$0$624,183
80$952,863$0$0$639,649
81$976,219$0$0$655,175
82$999,631$0$0$670,718
83$1,023,031$0$0$686,230
84$1,046,344$0$0$701,659
85$1,069,483$0$0$716,943
86$1,092,348$0$0$732,012
87$1,114,829$0$0$746,790
88$1,136,803$0$0$761,188
89$1,158,127$0$0$775,109
90$1,178,646$0$0$788,443
91$1,198,183$0$0$801,067
92$1,216,541$0$0$812,843
93$1,233,501$0$0$823,617
94$1,248,815$0$0$833,218
95$1,262,211$0$0$841,454
96$1,273,383$0$0$848,112
97$1,281,991$0$0$852,956
98$1,287,657$0$0$855,721
99$1,289,960$0$0$856,115
100$1,288,433$0$0$853,813