Can I retire at age 58 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$39,060$38,712$38,373$38,041$37,718$36,510
2 years$19,337$18,976$18,627$18,289$17,961$16,756
3 years$12,763$12,401$12,053$11,718$11,395$10,230
4 years$9,477$9,116$8,772$8,442$8,127$7,011
5 years$7,506$7,147$6,807$6,484$6,178$5,113
6 years$6,192$5,836$5,501$5,186$4,888$3,877
7 years$5,254$4,901$4,572$4,263$3,976$3,016
8 years$4,551$4,201$3,877$3,576$3,298$2,391
9 years$4,004$3,658$3,339$3,046$2,778$1,921
10 years$3,567$3,224$2,911$2,626$2,367$1,560
11 years$3,210$2,870$2,563$2,285$2,035$1,277
12 years$2,912$2,576$2,275$2,005$1,764$1,052
13 years$2,661$2,328$2,032$1,770$1,538$871
14 years$2,445$2,116$1,826$1,571$1,348$724
15 years$2,259$1,933$1,649$1,401$1,187$604
16 years$2,096$1,774$1,495$1,254$1,049$505
17 years$1,952$1,634$1,360$1,127$930$423
18 years$1,824$1,510$1,242$1,016$827$356
19 years$1,710$1,399$1,137$918$737$299
20 years$1,608$1,300$1,043$831$659$252
21 years$1,515$1,211$959$754$589$213
22 years$1,431$1,130$884$686$528$179
23 years$1,354$1,057$817$625$474$151
24 years$1,284$991$755$570$426$128
25 years$1,219$930$699$520$384$108
26 years$1,160$874$649$476$345$92
27 years$1,105$822$602$435$311$78
28 years$1,054$775$560$399$281$66
29 years$1,007$731$521$366$254$56
30 years$963$690$485$336$229$47
31 years$922$653$452$308$207$40
32 years$883$617$422$283$188$34
33 years$847$585$394$261$170$29
34 years$813$554$368$240$154$24
35 years$781$526$344$221$139$21
36 years$751$499$322$203$126$17
37 years$723$474$302$187$114$15
38 years$696$450$282$173$104$13
39 years$671$428$265$159$94$11
40 years$647$407$248$147$85$9
41 years$624$388$232$135$77$8
42 years$602$369$218$125$70$6
43 years$582$352$205$115$64$6
44 years$562$335$192$107$58$5
45 years$543$320$180$98$52$4
46 years$525$305$169$91$48$3
47 years$508$291$159$84$43$3
48 years$492$278$150$78$39$2
49 years$477$265$141$72$36$2
50 years$462$254$132$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $473,000, adding $5,701 every year, while hoping to spend $21,809 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: 40/34/26 Blend
57$473,000$473,000$473,000$473,000
58$527,127$502,058$494,726$543,970
59$557,689$503,454$488,095$558,082
60$590,638$504,187$480,510$570,878
61$626,193$504,203$471,918$584,298
62$664,598$503,442$462,260$598,411
63$706,117$501,841$451,476$613,297
64$751,044$499,334$439,504$629,045
65$799,700$495,851$426,277$645,752
66$852,439$491,317$411,726$663,531
67$909,648$485,652$395,780$682,503
68$971,756$478,773$378,362$702,809
69$1,039,233$470,591$359,395$724,602
70$1,112,596$461,011$338,796$748,054
71$1,192,414$449,934$316,479$773,358
72$1,279,313$437,253$292,353$800,728
73$1,373,981$422,857$266,326$830,402
74$1,477,177$406,627$238,298$862,645
75$1,589,735$388,438$208,167$897,754
76$1,712,574$368,157$175,826$936,057
77$1,846,704$345,644$141,164$977,920
78$1,993,238$320,750$104,062$1,023,748
79$2,153,400$293,319$64,401$1,073,994
80$2,328,540$263,185$22,051$1,129,158
81$2,520,142$230,172$0$1,189,797
82$2,729,841$194,095$0$1,262,949
83$2,959,438$154,759$0$1,349,823
84$3,210,916$111,957$0$1,445,097
85$3,486,457$65,470$0$1,549,654
86$3,788,465$15,069$0$1,664,472
87$4,119,590$0$0$1,790,630
88$4,482,748$0$0$1,944,099
89$4,881,152$0$0$2,118,710
90$5,318,339$0$0$2,310,386
91$5,798,207$0$0$2,520,842
92$6,325,050$0$0$2,751,972
93$6,903,597$0$0$3,005,858
94$7,539,057$0$0$3,284,796
95$8,237,170$0$0$3,591,314
96$9,004,258$0$0$3,928,198
97$9,847,287$0$0$4,298,517
98$10,773,929$0$0$4,705,653
99$11,792,639$0$0$5,153,330
100$12,912,729$0$0$5,645,652