Can I retire at age 58 with 477,000?

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 $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%13.7%
1 years$39,390$39,039$38,697$38,363$38,037$37,453
2 years$19,500$19,137$18,785$18,444$18,113$17,526
3 years$12,871$12,506$12,155$11,817$11,491$10,920
4 years$9,557$9,193$8,846$8,514$8,196$7,644
5 years$7,569$7,208$6,865$6,539$6,230$5,700
6 years$6,244$5,886$5,548$5,229$4,930$4,421
7 years$5,298$4,943$4,610$4,299$4,009$3,523
8 years$4,589$4,237$3,910$3,607$3,326$2,862
9 years$4,038$3,689$3,368$3,072$2,801$2,358
10 years$3,597$3,252$2,936$2,648$2,387$1,965
11 years$3,237$2,895$2,585$2,305$2,053$1,652
12 years$2,937$2,598$2,294$2,022$1,779$1,399
13 years$2,683$2,348$2,049$1,785$1,551$1,191
14 years$2,466$2,134$1,841$1,584$1,360$1,019
15 years$2,278$1,950$1,663$1,413$1,197$875
16 years$2,113$1,789$1,507$1,265$1,058$754
17 years$1,968$1,647$1,372$1,137$938$652
18 years$1,840$1,522$1,252$1,024$834$565
19 years$1,725$1,411$1,146$926$743$490
20 years$1,621$1,311$1,052$838$664$426
21 years$1,528$1,221$968$761$594$371
22 years$1,443$1,140$892$692$533$324
23 years$1,366$1,066$823$630$478$282
24 years$1,295$999$762$575$430$247
25 years$1,230$937$705$525$387$216
26 years$1,170$881$654$480$348$189
27 years$1,114$829$607$439$314$165
28 years$1,063$781$565$402$283$145
29 years$1,015$737$525$369$256$127
30 years$971$696$489$339$231$111
31 years$929$658$456$311$209$98
32 years$891$623$426$286$189$86
33 years$854$590$398$263$171$75
34 years$820$559$371$242$155$66
35 years$788$530$347$223$140$58
36 years$758$503$325$205$127$51
37 years$729$478$304$189$115$45
38 years$702$454$285$174$104$39
39 years$676$432$267$161$95$35
40 years$652$411$250$148$86$30
41 years$629$391$234$137$78$27
42 years$607$372$220$126$71$23
43 years$587$355$206$116$64$21
44 years$567$338$194$107$58$18
45 years$548$323$182$99$53$16
46 years$530$308$171$92$48$14
47 years$513$294$161$85$44$12
48 years$496$280$151$78$40$11
49 years$481$268$142$72$36$10
50 years$466$256$133$67$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $477,000, adding $5,778 every year, while hoping to spend $29,437 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: 80/5/15 Blend
57$477,000$477,000$477,000$477,000
58$531,614$506,333$498,940$572,045
59$554,518$499,823$484,333$592,952
60$578,771$492,007$468,251$611,519
61$604,481$482,790$450,612$631,057
62$631,763$472,072$431,333$651,652
63$660,746$459,746$410,325$673,396
64$691,567$445,699$387,497$696,392
65$724,380$429,811$362,751$720,753
66$759,352$411,957$335,988$746,605
67$796,665$392,002$307,103$774,085
68$836,520$369,805$275,986$803,345
69$879,136$345,216$242,522$834,554
70$924,753$318,077$206,592$867,896
71$973,635$288,220$168,070$903,577
72$1,026,072$255,469$126,826$941,821
73$1,082,380$219,636$82,725$982,878
74$1,142,910$180,525$35,622$1,027,023
75$1,208,042$137,926$0$1,074,559
76$1,278,197$91,619$0$1,128,164
77$1,353,837$41,372$0$1,192,102
78$1,435,467$0$0$1,261,099
79$1,523,645$0$0$1,336,350
80$1,618,983$0$0$1,420,183
81$1,722,153$0$0$1,510,913
82$1,833,895$0$0$1,609,194
83$1,955,020$0$0$1,715,740
84$2,086,424$0$0$1,831,339
85$2,229,089$0$0$1,956,859
86$2,384,095$0$0$2,093,251
87$2,552,633$0$0$2,241,564
88$2,736,011$0$0$2,402,951
89$2,935,667$0$0$2,578,682
90$3,153,188$0$0$2,770,151
91$3,390,315$0$0$2,978,897
92$3,648,967$0$0$3,206,610
93$3,931,256$0$0$3,455,151
94$4,239,507$0$0$3,726,569
95$4,576,278$0$0$4,023,121
96$4,944,386$0$0$4,347,288
97$5,346,934$0$0$4,701,806
98$5,787,335$0$0$5,089,684
99$6,269,349$0$0$5,514,237
100$6,797,119$0$0$5,979,114