Can I retire at age 58 with 477,000?

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 $477,000?

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$39,390$39,039$38,697$38,363$38,037$36,819
2 years$19,500$19,137$18,785$18,444$18,113$16,897
3 years$12,871$12,506$12,155$11,817$11,491$10,316
4 years$9,557$9,193$8,846$8,514$8,196$7,070
5 years$7,569$7,208$6,865$6,539$6,230$5,157
6 years$6,244$5,886$5,548$5,229$4,930$3,909
7 years$5,298$4,943$4,610$4,299$4,009$3,042
8 years$4,589$4,237$3,910$3,607$3,326$2,411
9 years$4,038$3,689$3,368$3,072$2,801$1,937
10 years$3,597$3,252$2,936$2,648$2,387$1,573
11 years$3,237$2,895$2,585$2,305$2,053$1,288
12 years$2,937$2,598$2,294$2,022$1,779$1,061
13 years$2,683$2,348$2,049$1,785$1,551$878
14 years$2,466$2,134$1,841$1,584$1,360$730
15 years$2,278$1,950$1,663$1,413$1,197$609
16 years$2,113$1,789$1,507$1,265$1,058$509
17 years$1,968$1,647$1,372$1,137$938$427
18 years$1,840$1,522$1,252$1,024$834$359
19 years$1,725$1,411$1,146$926$743$302
20 years$1,621$1,311$1,052$838$664$254
21 years$1,528$1,221$968$761$594$214
22 years$1,443$1,140$892$692$533$181
23 years$1,366$1,066$823$630$478$153
24 years$1,295$999$762$575$430$129
25 years$1,230$937$705$525$387$109
26 years$1,170$881$654$480$348$92
27 years$1,114$829$607$439$314$78
28 years$1,063$781$565$402$283$66
29 years$1,015$737$525$369$256$56
30 years$971$696$489$339$231$47
31 years$929$658$456$311$209$40
32 years$891$623$426$286$189$34
33 years$854$590$398$263$171$29
34 years$820$559$371$242$155$24
35 years$788$530$347$223$140$21
36 years$758$503$325$205$127$18
37 years$729$478$304$189$115$15
38 years$702$454$285$174$104$13
39 years$676$432$267$161$95$11
40 years$652$411$250$148$86$9
41 years$629$391$234$137$78$8
42 years$607$372$220$126$71$7
43 years$587$355$206$116$64$6
44 years$567$338$194$107$58$5
45 years$548$323$182$99$53$4
46 years$530$308$171$92$48$3
47 years$513$294$161$85$44$3
48 years$496$280$151$78$40$2
49 years$481$268$142$72$36$2
50 years$466$256$133$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $477,000, adding $2,429 every year, while hoping to spend $31,419 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: 72/7/21 Blend
57$477,000$477,000$477,000$477,000
58$528,160$502,879$495,485$563,317
59$548,602$494,090$478,654$578,254
60$570,077$483,818$460,207$590,623
61$592,656$471,956$440,055$603,384
62$616,418$458,393$418,107$616,573
63$641,447$443,009$394,269$630,226
64$667,838$425,679$368,440$644,387
65$695,691$406,271$340,516$659,104
66$725,116$384,643$310,388$674,431
67$756,235$360,647$277,943$690,427
68$789,177$334,126$243,061$707,160
69$824,088$304,913$205,618$724,706
70$861,124$272,833$165,485$743,146
71$900,457$237,699$122,527$762,575
72$942,273$199,316$76,601$783,096
73$986,779$157,477$27,561$804,825
74$1,034,199$111,962$0$827,892
75$1,084,779$62,539$0$857,989
76$1,138,789$8,966$0$896,679
77$1,196,523$0$0$937,992
78$1,258,306$0$0$985,942
79$1,324,493$0$0$1,038,065
80$1,395,472$0$0$1,093,979
81$1,471,672$0$0$1,154,022
82$1,553,560$0$0$1,218,565
83$1,641,653$0$0$1,288,017
84$1,736,514$0$0$1,362,826
85$1,838,764$0$0$1,443,483
86$1,949,086$0$0$1,530,530
87$2,068,227$0$0$1,624,559
88$2,197,012$0$0$1,726,223
89$2,336,344$0$0$1,836,240
90$2,487,217$0$0$1,955,398
91$2,650,726$0$0$2,084,563
92$2,828,072$0$0$2,224,689
93$3,020,576$0$0$2,376,825
94$3,229,694$0$0$2,542,122
95$3,457,023$0$0$2,721,851
96$3,704,324$0$0$2,917,405
97$3,973,532$0$0$3,130,320
98$4,266,777$0$0$3,362,286
99$4,586,404$0$0$3,615,161
100$4,934,991$0$0$3,890,992