Can I retire at age 58 with 486,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $486,000?

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 years$40,133$39,776$39,427$39,087$38,754$38,112
2 years$19,868$19,498$19,139$18,792$18,454$17,809
3 years$13,114$12,742$12,384$12,040$11,708$11,080
4 years$9,737$9,367$9,013$8,674$8,350$7,745
5 years$7,712$7,344$6,994$6,663$6,348$5,766
6 years$6,362$5,997$5,652$5,328$5,023$4,465
7 years$5,398$5,036$4,697$4,381$4,085$3,552
8 years$4,676$4,317$3,984$3,675$3,389$2,880
9 years$4,114$3,759$3,431$3,130$2,854$2,369
10 years$3,665$3,313$2,991$2,698$2,432$1,971
11 years$3,298$2,949$2,633$2,348$2,091$1,654
12 years$2,992$2,647$2,337$2,060$1,812$1,398
13 years$2,734$2,392$2,088$1,818$1,580$1,188
14 years$2,512$2,175$1,876$1,614$1,385$1,014
15 years$2,321$1,986$1,694$1,440$1,220$869
16 years$2,153$1,823$1,536$1,289$1,078$748
17 years$2,005$1,678$1,397$1,158$956$645
18 years$1,874$1,551$1,276$1,044$850$557
19 years$1,757$1,437$1,168$943$758$483
20 years$1,652$1,336$1,072$854$677$419
21 years$1,557$1,244$986$775$606$364
22 years$1,470$1,161$909$705$543$316
23 years$1,391$1,086$839$642$487$276
24 years$1,319$1,018$776$585$438$240
25 years$1,253$955$719$535$394$210
26 years$1,192$898$666$489$355$183
27 years$1,135$845$619$447$320$160
28 years$1,083$796$575$410$289$140
29 years$1,035$751$535$376$261$122
30 years$989$709$499$345$236$107
31 years$947$670$465$317$213$93
32 years$907$634$434$291$193$82
33 years$870$601$405$268$174$72
34 years$836$569$378$246$158$63
35 years$803$540$354$227$143$55
36 years$772$513$331$209$130$48
37 years$743$487$310$192$117$42
38 years$715$463$290$177$106$37
39 years$689$440$272$164$97$32
40 years$664$419$255$151$88$28
41 years$641$398$239$139$79$25
42 years$619$379$224$128$72$22
43 years$598$362$210$119$65$19
44 years$577$345$197$110$59$17
45 years$558$329$185$101$54$15
46 years$540$314$174$93$49$13
47 years$522$299$164$86$44$11
48 years$506$286$154$80$40$10
49 years$490$273$144$74$37$9
50 years$475$261$136$68$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $486,000, adding $4,035 every year, while hoping to spend $28,425 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: 26/44/30 Blend
57$486,000$486,000$486,000$486,000
58$539,734$513,976$506,443$548,656
59$564,543$508,917$493,165$551,312
60$590,930$502,657$478,489$551,489
61$619,025$495,108$462,339$551,104
62$648,973$486,175$444,635$550,131
63$680,929$475,759$425,291$548,543
64$715,067$463,754$404,222$546,313
65$751,574$450,049$381,333$543,416
66$790,658$434,524$356,531$539,825
67$832,544$417,055$329,714$535,517
68$877,482$397,509$300,778$530,471
69$925,744$375,746$269,612$524,664
70$977,629$351,617$236,104$518,080
71$1,033,467$324,966$200,133$510,702
72$1,093,618$295,627$161,575$502,520
73$1,158,479$263,424$120,300$493,526
74$1,228,485$228,173$76,171$483,717
75$1,304,114$189,677$29,046$473,096
76$1,385,893$147,731$0$461,672
77$1,474,399$102,114$0$456,262
78$1,570,268$52,598$0$460,456
79$1,674,199$0$0$465,034
80$1,786,958$0$0$470,611
81$1,909,392$0$0$504,387
82$2,042,429$0$0$541,160
83$2,187,092$0$0$581,222
84$2,344,505$0$0$624,893
85$2,515,905$0$0$672,527
86$2,702,655$0$0$724,512
87$2,906,252$0$0$781,276
88$3,128,346$0$0$843,291
89$3,370,751$0$0$911,074
90$3,635,466$0$0$985,196
91$3,924,690$0$0$1,066,287
92$4,240,845$0$0$1,155,038
93$4,586,597$0$0$1,252,211
94$4,964,880$0$0$1,358,646
95$5,378,928$0$0$1,475,266
96$5,832,299$0$0$1,603,090
97$6,328,912$0$0$1,743,238
98$6,873,084$0$0$1,896,946
99$7,469,569$0$0$2,065,572
100$8,123,601$0$0$2,250,615