Can I retire at age 58 with 481,000?

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 $481,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$39,721$39,367$39,022$38,685$38,356$37,751
2 years$19,664$19,297$18,942$18,598$18,265$17,657
3 years$12,979$12,611$12,257$11,916$11,588$10,996
4 years$9,637$9,270$8,920$8,585$8,265$7,694
5 years$7,633$7,268$6,922$6,594$6,283$5,734
6 years$6,297$5,935$5,594$5,273$4,971$4,445
7 years$5,343$4,984$4,649$4,335$4,043$3,540
8 years$4,628$4,272$3,943$3,637$3,354$2,874
9 years$4,072$3,720$3,396$3,098$2,825$2,367
10 years$3,628$3,279$2,960$2,670$2,407$1,971
11 years$3,264$2,919$2,606$2,324$2,070$1,656
12 years$2,962$2,620$2,313$2,038$1,794$1,401
13 years$2,706$2,368$2,067$1,800$1,564$1,193
14 years$2,487$2,152$1,857$1,598$1,371$1,020
15 years$2,297$1,966$1,676$1,425$1,207$875
16 years$2,131$1,804$1,520$1,276$1,067$754
17 years$1,985$1,661$1,383$1,146$946$651
18 years$1,855$1,535$1,263$1,033$841$563
19 years$1,739$1,423$1,156$933$750$489
20 years$1,635$1,322$1,061$845$670$425
21 years$1,541$1,231$976$767$599$369
22 years$1,455$1,149$899$698$537$322
23 years$1,377$1,075$830$635$482$281
24 years$1,306$1,007$768$579$433$245
25 years$1,240$945$711$529$390$214
26 years$1,180$888$660$484$351$187
27 years$1,124$836$613$443$317$164
28 years$1,072$788$569$406$286$143
29 years$1,024$743$530$372$258$126
30 years$979$702$494$341$233$110
31 years$937$664$460$314$211$96
32 years$898$628$429$288$191$85
33 years$861$595$401$265$173$74
34 years$827$564$375$244$156$65
35 years$794$534$350$224$142$57
36 years$764$507$328$207$128$50
37 years$735$482$307$190$116$44
38 years$708$458$287$176$105$39
39 years$682$435$269$162$96$34
40 years$658$414$252$149$87$30
41 years$634$394$236$138$79$26
42 years$612$376$222$127$71$23
43 years$591$358$208$117$65$20
44 years$571$341$195$108$59$18
45 years$552$325$183$100$53$16
46 years$534$310$172$92$48$14
47 years$517$296$162$85$44$12
48 years$501$283$152$79$40$11
49 years$485$270$143$73$36$9
50 years$470$258$134$67$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $481,000, adding $4,917 every year, while hoping to spend $27,933 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: 58/37/5 Blend
57$481,000$481,000$481,000$481,000
58$535,134$509,641$502,185$565,393
59$559,997$504,893$489,288$581,523
60$586,460$498,976$475,023$595,477
61$614,657$491,803$459,313$609,980
62$644,733$483,283$442,082$625,085
63$676,850$473,318$423,246$640,852
64$711,183$461,805$402,719$657,351
65$747,924$448,634$380,411$674,656
66$787,286$433,691$356,228$692,854
67$829,499$416,852$330,071$712,040
68$874,818$397,988$301,839$732,320
69$923,523$376,962$271,423$753,815
70$975,918$353,629$238,712$776,658
71$1,032,341$327,836$203,588$800,999
72$1,093,160$299,421$165,929$827,005
73$1,158,782$268,212$125,608$854,862
74$1,229,653$234,029$82,490$884,778
75$1,306,261$196,680$36,437$916,985
76$1,389,146$155,964$0$951,741
77$1,478,899$111,666$0$990,011
78$1,576,170$63,561$0$1,033,557
79$1,681,676$11,412$0$1,080,797
80$1,796,202$0$0$1,132,137
81$1,920,615$0$0$1,206,363
82$2,055,865$0$0$1,292,141
83$2,203,000$0$0$1,385,494
84$2,363,172$0$0$1,487,159
85$2,537,649$0$0$1,597,944
86$2,727,826$0$0$1,718,741
87$2,935,238$0$0$1,850,530
88$3,161,575$0$0$1,994,390
89$3,408,697$0$0$2,151,511
90$3,678,652$0$0$2,323,198
91$3,973,694$0$0$2,510,893
92$4,296,304$0$0$2,716,181
93$4,649,215$0$0$2,940,808
94$5,035,435$0$0$3,186,695
95$5,458,278$0$0$3,455,959
96$5,921,392$0$0$3,750,931
97$6,428,794$0$0$4,074,178
98$6,984,909$0$0$4,428,527
99$7,594,609$0$0$4,817,090
100$8,263,262$0$0$5,243,299