Can I retire at age 58 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$39,886$39,530$39,184$38,845$38,515$37,815
2 years$19,745$19,378$19,021$18,676$18,341$17,638
3 years$13,033$12,664$12,308$11,966$11,636$10,952
4 years$9,677$9,309$8,957$8,621$8,299$7,639
5 years$7,664$7,298$6,951$6,621$6,309$5,676
6 years$6,323$5,960$5,617$5,295$4,992$4,386
7 years$5,365$5,005$4,668$4,354$4,060$3,481
8 years$4,647$4,290$3,959$3,652$3,368$2,816
9 years$4,089$3,735$3,410$3,111$2,836$2,311
10 years$3,643$3,293$2,973$2,681$2,417$1,918
11 years$3,278$2,931$2,617$2,334$2,078$1,605
12 years$2,974$2,631$2,323$2,047$1,801$1,353
13 years$2,717$2,378$2,075$1,807$1,571$1,147
14 years$2,497$2,161$1,865$1,604$1,377$977
15 years$2,306$1,974$1,683$1,431$1,212$835
16 years$2,140$1,811$1,526$1,281$1,071$716
17 years$1,993$1,668$1,389$1,151$950$616
18 years$1,863$1,541$1,268$1,037$845$531
19 years$1,746$1,429$1,161$937$753$458
20 years$1,642$1,328$1,065$849$672$396
21 years$1,547$1,237$980$770$602$343
22 years$1,461$1,154$903$700$539$298
23 years$1,383$1,080$834$638$484$258
24 years$1,311$1,011$771$582$435$225
25 years$1,245$949$714$531$392$195
26 years$1,185$892$662$486$353$170
27 years$1,128$840$615$445$318$148
28 years$1,077$791$572$407$287$129
29 years$1,028$746$532$374$259$112
30 years$983$705$496$343$234$98
31 years$941$666$462$315$212$85
32 years$902$630$431$289$191$75
33 years$865$597$403$266$173$65
34 years$830$566$376$245$157$57
35 years$798$537$352$225$142$50
36 years$767$509$329$208$129$43
37 years$738$484$308$191$117$38
38 years$711$460$288$176$106$33
39 years$685$437$270$163$96$29
40 years$660$416$253$150$87$25
41 years$637$396$237$138$79$22
42 years$615$377$223$128$72$19
43 years$594$359$209$118$65$17
44 years$574$343$196$109$59$15
45 years$555$327$184$101$54$13
46 years$537$312$173$93$49$11
47 years$519$297$163$86$44$10
48 years$503$284$153$79$40$9
49 years$487$271$144$73$36$7
50 years$472$259$135$68$33$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $483,000, adding $3,491 every year, while hoping to spend $25,378 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: 62/32/6 Blend
57$483,000$483,000$483,000$483,000
58$535,867$510,268$502,781$568,299
59$563,523$508,269$492,623$588,370
60$593,150$505,322$481,273$606,988
61$624,922$501,353$468,666$626,653
62$659,029$496,284$454,731$647,464
63$695,681$490,033$439,396$669,533
64$735,109$482,514$422,585$692,983
65$777,566$473,632$404,217$717,951
66$823,329$463,291$384,209$744,589
67$872,702$451,387$362,474$773,064
68$926,022$437,809$338,921$803,564
69$983,656$422,441$313,454$836,295
70$1,046,009$405,160$285,975$871,486
71$1,113,525$385,837$256,378$909,391
72$1,186,694$364,332$224,556$950,291
73$1,266,053$340,501$190,396$994,497
74$1,352,194$314,189$153,777$1,042,355
75$1,445,767$285,233$114,578$1,094,247
76$1,547,487$253,461$72,668$1,150,595
77$1,658,141$218,692$27,913$1,211,869
78$1,778,596$180,732$0$1,278,586
79$1,909,804$139,379$0$1,352,591
80$2,052,813$94,418$0$1,435,238
81$2,208,779$45,623$0$1,525,451
82$2,378,969$0$0$1,624,017
83$2,564,784$0$0$1,734,358
84$2,767,761$0$0$1,872,473
85$2,989,595$0$0$2,023,454
86$3,232,150$0$0$2,188,574
87$3,497,482$0$0$2,369,237
88$3,787,850$0$0$2,566,986
89$4,105,745$0$0$2,783,522
90$4,453,909$0$0$3,020,718
91$4,835,361$0$0$3,280,637
92$5,253,426$0$0$3,565,549
93$5,711,767$0$0$3,877,956
94$6,214,417$0$0$4,220,613
95$6,765,819$0$0$4,596,555
96$7,370,866$0$0$5,009,125
97$8,034,949$0$0$5,462,004
98$8,764,003$0$0$5,959,248
99$9,564,571$0$0$6,505,324
100$10,443,855$0$0$7,105,155