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%14.1%
1 years$39,968$39,612$39,265$38,926$38,595$37,940
2 years$19,786$19,418$19,061$18,714$18,378$17,721
3 years$13,060$12,690$12,333$11,990$11,660$11,020
4 years$9,697$9,328$8,976$8,638$8,316$7,698
5 years$7,680$7,313$6,965$6,635$6,322$5,728
6 years$6,336$5,972$5,629$5,306$5,002$4,434
7 years$5,376$5,015$4,678$4,363$4,068$3,525
8 years$4,657$4,299$3,967$3,660$3,375$2,857
9 years$4,097$3,743$3,417$3,117$2,842$2,349
10 years$3,650$3,299$2,979$2,687$2,422$1,952
11 years$3,285$2,937$2,623$2,339$2,083$1,637
12 years$2,980$2,636$2,328$2,051$1,805$1,383
13 years$2,723$2,382$2,079$1,811$1,574$1,174
14 years$2,502$2,166$1,868$1,608$1,380$1,002
15 years$2,311$1,978$1,687$1,434$1,215$858
16 years$2,144$1,815$1,529$1,284$1,074$738
17 years$1,997$1,672$1,392$1,153$952$636
18 years$1,867$1,545$1,270$1,039$846$549
19 years$1,750$1,432$1,163$939$754$475
20 years$1,645$1,330$1,067$851$674$412
21 years$1,550$1,239$982$772$603$358
22 years$1,464$1,157$905$702$541$311
23 years$1,386$1,082$835$639$485$271
24 years$1,314$1,014$773$583$436$236
25 years$1,248$951$716$532$392$205
26 years$1,187$894$664$487$353$179
27 years$1,131$841$616$446$319$156
28 years$1,079$793$573$408$288$137
29 years$1,030$748$533$374$260$119
30 years$985$706$497$344$235$104
31 years$943$668$463$316$212$91
32 years$904$632$432$290$192$80
33 years$867$598$403$267$174$70
34 years$832$567$377$245$157$61
35 years$799$538$352$226$142$53
36 years$769$510$330$208$129$47
37 years$740$485$309$192$117$41
38 years$712$461$289$177$106$36
39 years$686$438$271$163$96$31
40 years$662$417$254$150$87$27
41 years$638$397$238$139$79$24
42 years$616$378$223$128$72$21
43 years$595$360$209$118$65$18
44 years$575$343$197$109$59$16
45 years$556$327$185$101$54$14
46 years$538$312$173$93$49$12
47 years$520$298$163$86$44$11
48 years$504$284$153$79$40$10
49 years$488$272$144$73$37$8
50 years$473$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 $484,000, adding $6,789 every year, while hoping to spend $22,212 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: 59/18/23 Blend
57$484,000$484,000$484,000$484,000
58$540,371$514,719$507,217$568,558
59$571,855$516,307$500,575$590,100
60$605,807$517,228$492,967$610,597
61$642,453$517,426$484,335$632,468
62$682,046$516,842$474,623$655,852
63$724,859$515,413$463,768$680,901
64$771,197$513,070$451,706$707,785
65$821,392$509,744$438,371$736,689
66$875,811$505,357$423,693$767,823
67$934,855$499,831$407,598$801,414
68$998,967$493,080$390,010$837,716
69$1,068,635$485,014$370,848$877,010
70$1,144,394$475,538$350,030$919,607
71$1,226,833$464,550$327,467$965,849
72$1,316,601$451,944$303,067$1,016,117
73$1,414,410$437,606$276,737$1,070,830
74$1,521,048$421,416$248,375$1,130,453
75$1,637,376$403,247$217,877$1,195,499
76$1,764,348$382,965$185,135$1,266,534
77$1,903,009$360,429$150,035$1,344,187
78$2,054,513$335,486$112,458$1,429,150
79$2,220,128$307,980$72,281$1,522,188
80$2,401,252$277,742$29,373$1,624,148
81$2,599,422$244,594$0$1,735,965
82$2,816,333$208,349$0$1,862,699
83$3,053,850$168,809$0$2,009,417
84$3,314,026$125,764$0$2,170,198
85$3,599,124$78,993$0$2,346,472
86$3,911,634$28,263$0$2,539,812
87$4,254,301$0$0$2,751,957
88$4,630,145$0$0$2,990,105
89$5,042,496$0$0$3,257,567
90$5,495,018$0$0$3,551,128
91$5,991,751$0$0$3,873,412
92$6,537,142$0$0$4,227,312
93$7,136,092$0$0$4,616,013
94$7,793,997$0$0$5,043,022
95$8,516,804$0$0$5,512,206
96$9,311,064$0$0$6,027,822
97$10,183,994$0$0$6,594,563
98$11,143,543$0$0$7,217,596
99$12,198,470$0$0$7,902,616
100$13,358,426$0$0$8,655,896