Can I retire at age 58 with 473,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.8%
1 years$39,060$38,712$38,373$38,041$37,718$36,235
2 years$19,337$18,976$18,627$18,289$17,961$16,486
3 years$12,763$12,401$12,053$11,718$11,395$9,973
4 years$9,477$9,116$8,772$8,442$8,127$6,770
5 years$7,506$7,147$6,807$6,484$6,178$4,889
6 years$6,192$5,836$5,501$5,186$4,888$3,668
7 years$5,254$4,901$4,572$4,263$3,976$2,823
8 years$4,551$4,201$3,877$3,576$3,298$2,212
9 years$4,004$3,658$3,339$3,046$2,778$1,757
10 years$3,567$3,224$2,911$2,626$2,367$1,410
11 years$3,210$2,870$2,563$2,285$2,035$1,140
12 years$2,912$2,576$2,275$2,005$1,764$927
13 years$2,661$2,328$2,032$1,770$1,538$758
14 years$2,445$2,116$1,826$1,571$1,348$622
15 years$2,259$1,933$1,649$1,401$1,187$512
16 years$2,096$1,774$1,495$1,254$1,049$422
17 years$1,952$1,634$1,360$1,127$930$349
18 years$1,824$1,510$1,242$1,016$827$289
19 years$1,710$1,399$1,137$918$737$240
20 years$1,608$1,300$1,043$831$659$199
21 years$1,515$1,211$959$754$589$165
22 years$1,431$1,130$884$686$528$137
23 years$1,354$1,057$817$625$474$114
24 years$1,284$991$755$570$426$95
25 years$1,219$930$699$520$384$79
26 years$1,160$874$649$476$345$66
27 years$1,105$822$602$435$311$55
28 years$1,054$775$560$399$281$46
29 years$1,007$731$521$366$254$38
30 years$963$690$485$336$229$32
31 years$922$653$452$308$207$27
32 years$883$617$422$283$188$22
33 years$847$585$394$261$170$19
34 years$813$554$368$240$154$15
35 years$781$526$344$221$139$13
36 years$751$499$322$203$126$11
37 years$723$474$302$187$114$9
38 years$696$450$282$173$104$7
39 years$671$428$265$159$94$6
40 years$647$407$248$147$85$5
41 years$624$388$232$135$77$4
42 years$602$369$218$125$70$4
43 years$582$352$205$115$64$3
44 years$562$335$192$107$58$3
45 years$543$320$180$98$52$2
46 years$525$305$169$91$48$2
47 years$508$291$159$84$43$1
48 years$492$278$150$78$39$1
49 years$477$265$141$72$36$1
50 years$462$254$132$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $473,000, adding $3,807 every year, while hoping to spend $28,918 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: 76/15/9 Blend
57$473,000$473,000$473,000$473,000
58$525,173$500,104$492,772$564,024
59$547,972$493,840$478,512$583,856
60$572,127$486,301$462,804$601,525
61$597,747$477,392$445,571$620,065
62$624,948$467,016$426,729$639,552
63$653,861$455,067$406,192$660,069
64$684,625$441,436$383,869$681,710
65$717,395$426,005$359,668$704,576
66$752,341$408,650$333,488$728,781
67$789,646$389,241$305,226$754,448
68$829,515$367,638$274,776$781,716
69$872,169$343,696$242,025$810,739
70$917,852$317,259$206,854$841,684
71$966,832$288,164$169,143$874,740
72$1,019,401$256,236$128,761$910,111
73$1,075,882$221,293$85,577$948,028
74$1,136,628$183,143$39,449$988,741
75$1,202,026$141,579$0$1,032,531
76$1,272,503$96,387$0$1,080,646
77$1,348,527$47,338$0$1,136,591
78$1,430,611$0$0$1,196,967
79$1,519,321$0$0$1,263,166
80$1,615,277$0$0$1,343,238
81$1,719,162$0$0$1,429,942
82$1,831,725$0$0$1,523,904
83$1,953,792$0$0$1,625,816
84$2,086,269$0$0$1,736,437
85$2,230,155$0$0$1,856,602
86$2,386,546$0$0$1,987,230
87$2,556,650$0$0$2,129,332
88$2,741,794$0$0$2,284,019
89$2,943,442$0$0$2,452,515
90$3,163,199$0$0$2,636,167
91$3,402,837$0$0$2,836,457
92$3,664,303$0$0$3,055,015
93$3,949,742$0$0$3,293,637
94$4,261,513$0$0$3,554,300
95$4,602,215$0$0$3,839,179
96$4,974,709$0$0$4,150,669
97$5,382,144$0$0$4,491,407
98$5,827,987$0$0$4,864,298
99$6,316,058$0$0$5,272,539
100$6,850,561$0$0$5,719,652