Can I retire at age 58 with 471,000?

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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$38,895$38,548$38,210$37,880$37,558$37,104
2 years$19,255$18,896$18,549$18,212$17,885$17,428
3 years$12,709$12,349$12,002$11,668$11,347$10,901
4 years$9,437$9,078$8,735$8,406$8,093$7,662
5 years$7,474$7,117$6,778$6,457$6,152$5,737
6 years$6,166$5,812$5,478$5,164$4,868$4,469
7 years$5,232$4,881$4,552$4,245$3,959$3,577
8 years$4,532$4,184$3,861$3,561$3,284$2,919
9 years$3,987$3,643$3,325$3,033$2,766$2,417
10 years$3,552$3,211$2,899$2,615$2,357$2,024
11 years$3,196$2,858$2,552$2,276$2,027$1,710
12 years$2,900$2,565$2,265$1,996$1,756$1,455
13 years$2,649$2,318$2,024$1,762$1,532$1,246
14 years$2,435$2,107$1,818$1,564$1,343$1,072
15 years$2,249$1,925$1,642$1,395$1,182$925
16 years$2,087$1,766$1,488$1,249$1,045$802
17 years$1,944$1,627$1,354$1,122$926$697
18 years$1,816$1,503$1,236$1,011$824$607
19 years$1,703$1,393$1,132$914$734$530
20 years$1,601$1,295$1,039$828$656$464
21 years$1,509$1,206$955$751$587$406
22 years$1,425$1,126$881$683$526$356
23 years$1,348$1,053$813$622$472$313
24 years$1,279$986$752$567$424$275
25 years$1,214$926$696$518$382$242
26 years$1,155$870$646$474$344$213
27 years$1,100$819$600$434$310$188
28 years$1,050$771$558$397$280$166
29 years$1,003$728$519$364$253$146
30 years$959$687$483$334$228$129
31 years$918$650$451$307$206$114
32 years$879$615$420$282$187$101
33 years$843$582$393$260$169$89
34 years$810$552$367$239$153$79
35 years$778$523$343$220$139$70
36 years$748$497$321$202$126$61
37 years$720$472$300$187$114$54
38 years$693$448$281$172$103$48
39 years$668$426$263$159$94$43
40 years$644$406$247$146$85$38
41 years$621$386$232$135$77$33
42 years$600$368$217$125$70$29
43 years$579$350$204$115$63$26
44 years$560$334$191$106$58$23
45 years$541$319$180$98$52$20
46 years$523$304$169$91$47$18
47 years$506$290$158$84$43$16
48 years$490$277$149$77$39$14
49 years$475$264$140$71$36$13
50 years$460$252$132$66$32$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $471,000, adding $2,461 every year, while hoping to spend $24,839 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: 74/12/14 Blend
57$471,000$471,000$471,000$471,000
58$521,581$496,618$489,317$558,434
59$548,353$494,523$479,281$581,043
60$577,024$491,494$468,076$602,493
61$607,761$487,457$455,636$625,324
62$640,747$482,337$441,895$649,667
63$676,184$476,053$426,779$675,665
64$714,293$468,518$410,214$703,479
65$755,318$459,641$392,123$733,282
66$799,523$449,327$372,422$765,268
67$847,204$437,473$351,028$799,652
68$898,681$423,972$327,849$836,669
69$954,308$408,708$302,794$876,580
70$1,014,474$391,561$275,764$919,672
71$1,079,606$372,403$246,658$966,263
72$1,150,173$351,098$215,368$1,016,704
73$1,226,692$327,504$181,785$1,071,382
74$1,309,732$301,468$145,791$1,130,725
75$1,399,915$272,831$107,266$1,195,202
76$1,497,930$241,423$66,083$1,265,337
77$1,604,532$207,066$22,110$1,341,703
78$1,720,553$169,571$0$1,424,934
79$1,846,906$128,737$0$1,519,439
80$1,984,600$84,355$0$1,626,048
81$2,134,742$36,201$0$1,742,331
82$2,298,552$0$0$1,869,251
83$2,477,371$0$0$2,009,981
84$2,672,677$0$0$2,168,926
85$2,886,097$0$0$2,342,632
86$3,119,421$0$0$2,532,559
87$3,374,620$0$0$2,740,314
88$3,653,867$0$0$2,967,668
89$3,959,549$0$0$3,216,568
90$4,294,301$0$0$3,489,162
91$4,661,020$0$0$3,787,812
92$5,062,898$0$0$4,115,122
93$5,503,452$0$0$4,473,957
94$5,986,552$0$0$4,867,474
95$6,516,463$0$0$5,299,151
96$7,097,883$0$0$5,772,818
97$7,735,984$0$0$6,292,694
98$8,436,467$0$0$6,863,424
99$9,205,609$0$0$7,490,129
100$10,050,325$0$0$8,178,446