Can I retire at age 58 with 486,000?

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 $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%17%
1 years$40,133$39,776$39,427$39,087$38,754$37,650
2 years$19,868$19,498$19,139$18,792$18,454$17,350
3 years$13,114$12,742$12,384$12,040$11,708$10,639
4 years$9,737$9,367$9,013$8,674$8,350$7,324
5 years$7,712$7,344$6,994$6,663$6,348$5,367
6 years$6,362$5,997$5,652$5,328$5,023$4,089
7 years$5,398$5,036$4,697$4,381$4,085$3,198
8 years$4,676$4,317$3,984$3,675$3,389$2,548
9 years$4,114$3,759$3,431$3,130$2,854$2,059
10 years$3,665$3,313$2,991$2,698$2,432$1,681
11 years$3,298$2,949$2,633$2,348$2,091$1,384
12 years$2,992$2,647$2,337$2,060$1,812$1,147
13 years$2,734$2,392$2,088$1,818$1,580$955
14 years$2,512$2,175$1,876$1,614$1,385$799
15 years$2,321$1,986$1,694$1,440$1,220$671
16 years$2,153$1,823$1,536$1,289$1,078$565
17 years$2,005$1,678$1,397$1,158$956$477
18 years$1,874$1,551$1,276$1,044$850$403
19 years$1,757$1,437$1,168$943$758$341
20 years$1,652$1,336$1,072$854$677$290
21 years$1,557$1,244$986$775$606$246
22 years$1,470$1,161$909$705$543$209
23 years$1,391$1,086$839$642$487$178
24 years$1,319$1,018$776$585$438$151
25 years$1,253$955$719$535$394$129
26 years$1,192$898$666$489$355$110
27 years$1,135$845$619$447$320$94
28 years$1,083$796$575$410$289$80
29 years$1,035$751$535$376$261$68
30 years$989$709$499$345$236$58
31 years$947$670$465$317$213$50
32 years$907$634$434$291$193$42
33 years$870$601$405$268$174$36
34 years$836$569$378$246$158$31
35 years$803$540$354$227$143$26
36 years$772$513$331$209$130$23
37 years$743$487$310$192$117$19
38 years$715$463$290$177$106$16
39 years$689$440$272$164$97$14
40 years$664$419$255$151$88$12
41 years$641$398$239$139$79$10
42 years$619$379$224$128$72$9
43 years$598$362$210$119$65$7
44 years$577$345$197$110$59$6
45 years$558$329$185$101$54$5
46 years$540$314$174$93$49$5
47 years$522$299$164$86$44$4
48 years$506$286$154$80$40$3
49 years$490$273$144$74$37$3
50 years$475$261$136$68$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $486,000, adding $2,413 every year, while hoping to spend $27,608 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: 52/31/17 Blend
57$486,000$486,000$486,000$486,000
58$538,061$512,303$504,770$563,428
59$563,569$508,031$492,305$576,821
60$590,753$502,625$478,497$588,283
61$619,755$495,999$463,273$600,143
62$650,731$488,064$446,553$612,449
63$683,851$478,724$428,258$625,252
64$719,302$467,880$408,303$638,611
65$757,288$455,424$386,599$652,595
66$798,034$441,242$363,052$667,278
67$841,787$425,216$337,568$682,746
68$888,817$407,219$310,044$699,095
69$939,420$387,117$280,375$716,434
70$993,923$364,768$248,450$734,883
71$1,052,685$340,023$214,153$754,579
72$1,116,097$312,723$177,366$775,674
73$1,184,592$282,700$137,961$798,341
74$1,258,646$249,777$95,808$822,770
75$1,338,779$213,768$50,770$849,176
76$1,425,567$174,475$2,702$877,798
77$1,519,639$131,688$0$908,904
78$1,621,690$85,188$0$951,606
79$1,732,481$34,741$0$998,520
80$1,852,853$0$0$1,049,554
81$1,983,728$0$0$1,111,942
82$2,126,121$0$0$1,192,758
83$2,281,150$0$0$1,280,789
84$2,450,045$0$0$1,376,741
85$2,634,157$0$0$1,481,387
86$2,834,977$0$0$1,595,580
87$3,054,142$0$0$1,720,257
88$3,293,457$0$0$1,856,453
89$3,554,908$0$0$2,005,304
90$3,840,681$0$0$2,168,061
91$4,153,182$0$0$2,346,104
92$4,495,062$0$0$2,540,949
93$4,869,239$0$0$2,754,268
94$5,278,926$0$0$2,987,901
95$5,727,662$0$0$3,243,874
96$6,219,342$0$0$3,524,420
97$6,758,259$0$0$3,831,997
98$7,349,138$0$0$4,169,310
99$7,997,185$0$0$4,539,343
100$8,708,134$0$0$4,945,379