Can I retire at age 58 with 479,000?

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 $479,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$39,555$39,203$38,859$38,524$38,196$37,845
2 years$19,582$19,217$18,864$18,521$18,189$17,834
3 years$12,925$12,559$12,206$11,867$11,540$11,194
4 years$9,597$9,232$8,883$8,549$8,230$7,895
5 years$7,601$7,238$6,893$6,567$6,256$5,933
6 years$6,271$5,910$5,571$5,251$4,951$4,640
7 years$5,321$4,963$4,630$4,317$4,026$3,728
8 years$4,609$4,255$3,926$3,622$3,340$3,054
9 years$4,055$3,704$3,382$3,085$2,813$2,540
10 years$3,612$3,265$2,948$2,659$2,397$2,136
11 years$3,251$2,907$2,596$2,314$2,061$1,812
12 years$2,949$2,609$2,303$2,030$1,786$1,549
13 years$2,694$2,358$2,058$1,792$1,558$1,332
14 years$2,476$2,143$1,849$1,591$1,365$1,151
15 years$2,287$1,958$1,670$1,419$1,202$999
16 years$2,122$1,796$1,514$1,270$1,062$870
17 years$1,977$1,654$1,377$1,141$942$760
18 years$1,847$1,529$1,257$1,029$838$665
19 years$1,732$1,417$1,151$929$747$584
20 years$1,628$1,317$1,056$842$667$513
21 years$1,534$1,226$972$764$597$452
22 years$1,449$1,145$896$695$535$399
23 years$1,371$1,071$827$633$480$352
24 years$1,300$1,003$765$577$432$311
25 years$1,235$941$708$527$388$275
26 years$1,175$885$657$482$350$244
27 years$1,119$833$610$441$315$216
28 years$1,068$785$567$404$285$192
29 years$1,020$740$528$371$257$170
30 years$975$699$492$340$232$151
31 years$933$661$458$312$210$134
32 years$894$625$428$287$190$119
33 years$858$592$399$264$172$106
34 years$823$561$373$243$156$94
35 years$791$532$349$224$141$84
36 years$761$505$326$206$128$74
37 years$732$480$305$190$116$66
38 years$705$456$286$175$105$59
39 years$679$434$268$161$95$52
40 years$655$413$251$149$86$47
41 years$632$393$235$137$78$42
42 years$610$374$221$127$71$37
43 years$589$356$207$117$64$33
44 years$569$340$195$108$59$29
45 years$550$324$183$100$53$26
46 years$532$309$172$92$48$23
47 years$515$295$161$85$44$21
48 years$498$282$151$79$40$18
49 years$483$269$142$73$36$16
50 years$468$257$134$67$33$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $479,000, adding $4,713 every year, while hoping to spend $34,160 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: 83/12/5 Blend
57$479,000$479,000$479,000$479,000
58$532,719$507,332$499,908$576,505
59$550,711$495,846$480,309$594,302
60$569,393$482,651$458,908$608,728
61$588,799$467,629$435,610$623,492
62$608,966$450,653$410,313$638,607
63$629,934$431,589$382,912$654,085
64$651,745$410,294$353,297$669,943
65$674,443$386,619$321,353$686,197
66$698,078$360,404$286,959$702,864
67$722,701$331,483$249,991$719,966
68$748,368$299,677$210,318$737,524
69$775,139$264,800$167,801$755,563
70$803,080$226,652$122,299$774,110
71$832,261$185,024$73,663$793,196
72$862,757$139,695$21,736$812,853
73$894,650$90,432$0$833,119
74$928,028$36,988$0$855,833
75$962,989$0$0$880,597
76$999,634$0$0$909,071
77$1,038,078$0$0$944,068
78$1,078,443$0$0$980,817
79$1,120,860$0$0$1,019,438
80$1,165,476$0$0$1,060,065
81$1,212,446$0$0$1,102,839
82$1,261,942$0$0$1,147,918
83$1,314,150$0$0$1,195,471
84$1,369,273$0$0$1,245,684
85$1,427,533$0$0$1,298,760
86$1,489,171$0$0$1,354,919
87$1,554,451$0$0$1,414,403
88$1,623,661$0$0$1,477,474
89$1,697,117$0$0$1,544,420
90$1,775,162$0$0$1,615,557
91$1,858,173$0$0$1,691,228
92$1,946,562$0$0$1,771,811
93$2,040,781$0$0$1,857,718
94$2,141,324$0$0$1,949,400
95$2,248,733$0$0$2,047,353
96$2,363,600$0$0$2,152,119
97$2,486,577$0$0$2,264,293
98$2,618,378$0$0$2,384,528
99$2,759,784$0$0$2,513,540
100$2,911,655$0$0$2,652,112