Can I retire at age 58 with 484,000?

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 $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$39,968$39,612$39,265$38,926$38,595$37,434
2 years$19,786$19,418$19,061$18,714$18,378$17,219
3 years$13,060$12,690$12,333$11,990$11,660$10,538
4 years$9,697$9,328$8,976$8,638$8,316$7,240
5 years$7,680$7,313$6,965$6,635$6,322$5,295
6 years$6,336$5,972$5,629$5,306$5,002$4,025
7 years$5,376$5,015$4,678$4,363$4,068$3,141
8 years$4,657$4,299$3,967$3,660$3,375$2,497
9 years$4,097$3,743$3,417$3,117$2,842$2,013
10 years$3,650$3,299$2,979$2,687$2,422$1,639
11 years$3,285$2,937$2,623$2,339$2,083$1,346
12 years$2,980$2,636$2,328$2,051$1,805$1,112
13 years$2,723$2,382$2,079$1,811$1,574$924
14 years$2,502$2,166$1,868$1,608$1,380$771
15 years$2,311$1,978$1,687$1,434$1,215$645
16 years$2,144$1,815$1,529$1,284$1,074$542
17 years$1,997$1,672$1,392$1,153$952$456
18 years$1,867$1,545$1,270$1,039$846$384
19 years$1,750$1,432$1,163$939$754$325
20 years$1,645$1,330$1,067$851$674$274
21 years$1,550$1,239$982$772$603$232
22 years$1,464$1,157$905$702$541$197
23 years$1,386$1,082$835$639$485$167
24 years$1,314$1,014$773$583$436$142
25 years$1,248$951$716$532$392$120
26 years$1,187$894$664$487$353$102
27 years$1,131$841$616$446$319$87
28 years$1,079$793$573$408$288$74
29 years$1,030$748$533$374$260$63
30 years$985$706$497$344$235$53
31 years$943$668$463$316$212$45
32 years$904$632$432$290$192$39
33 years$867$598$403$267$174$33
34 years$832$567$377$245$157$28
35 years$799$538$352$226$142$24
36 years$769$510$330$208$129$20
37 years$740$485$309$192$117$17
38 years$712$461$289$177$106$15
39 years$686$438$271$163$96$13
40 years$662$417$254$150$87$11
41 years$638$397$238$139$79$9
42 years$616$378$223$128$72$8
43 years$595$360$209$118$65$7
44 years$575$343$197$109$59$6
45 years$556$327$185$101$54$5
46 years$538$312$173$93$49$4
47 years$520$298$163$86$44$3
48 years$504$284$153$79$40$3
49 years$488$272$144$73$37$3
50 years$473$259$135$68$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $484,000, adding $3,875 every year, while hoping to spend $36,300 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: 72/13/15 Blend
57$484,000$484,000$484,000$484,000
58$537,365$511,713$504,211$573,975
59$553,553$498,164$482,479$585,219
60$570,176$482,735$458,803$592,737
61$587,240$465,294$433,078$600,016
62$604,749$445,705$405,197$607,025
63$622,709$423,820$375,047$613,730
64$641,124$399,485$342,510$620,095
65$659,997$372,538$307,462$626,082
66$679,329$342,805$269,774$631,648
67$699,121$310,103$229,312$636,748
68$719,373$274,239$185,935$641,333
69$740,082$235,010$139,497$645,353
70$761,245$192,200$89,845$648,749
71$782,854$145,581$36,817$651,462
72$804,903$94,912$0$653,427
73$827,380$39,939$0$657,738
74$850,272$0$0$667,649
75$873,561$0$0$680,014
76$897,227$0$0$698,380
77$921,247$0$0$717,012
78$945,590$0$0$735,887
79$970,222$0$0$754,979
80$995,105$0$0$774,254
81$1,020,193$0$0$793,678
82$1,045,432$0$0$813,207
83$1,070,763$0$0$832,793
84$1,096,117$0$0$852,380
85$1,121,415$0$0$871,907
86$1,146,569$0$0$891,302
87$1,171,478$0$0$910,485
88$1,196,028$0$0$929,365
89$1,220,091$0$0$947,840
90$1,243,524$0$0$965,796
91$1,266,165$0$0$983,103
92$1,287,834$0$0$999,617
93$1,308,326$0$0$1,015,178
94$1,327,417$0$0$1,029,604
95$1,344,853$0$0$1,042,694
96$1,360,352$0$0$1,054,224
97$1,373,598$0$0$1,063,943
98$1,384,242$0$0$1,071,571
99$1,391,894$0$0$1,076,800
100$1,396,120$0$0$1,079,284