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%16.9%
1 years$40,133$39,776$39,427$39,087$38,754$37,665
2 years$19,868$19,498$19,139$18,792$18,454$17,365
3 years$13,114$12,742$12,384$12,040$11,708$10,653
4 years$9,737$9,367$9,013$8,674$8,350$7,338
5 years$7,712$7,344$6,994$6,663$6,348$5,380
6 years$6,362$5,997$5,652$5,328$5,023$4,101
7 years$5,398$5,036$4,697$4,381$4,085$3,209
8 years$4,676$4,317$3,984$3,675$3,389$2,559
9 years$4,114$3,759$3,431$3,130$2,854$2,069
10 years$3,665$3,313$2,991$2,698$2,432$1,690
11 years$3,298$2,949$2,633$2,348$2,091$1,392
12 years$2,992$2,647$2,337$2,060$1,812$1,155
13 years$2,734$2,392$2,088$1,818$1,580$962
14 years$2,512$2,175$1,876$1,614$1,385$806
15 years$2,321$1,986$1,694$1,440$1,220$677
16 years$2,153$1,823$1,536$1,289$1,078$570
17 years$2,005$1,678$1,397$1,158$956$482
18 years$1,874$1,551$1,276$1,044$850$407
19 years$1,757$1,437$1,168$943$758$345
20 years$1,652$1,336$1,072$854$677$293
21 years$1,557$1,244$986$775$606$249
22 years$1,470$1,161$909$705$543$212
23 years$1,391$1,086$839$642$487$180
24 years$1,319$1,018$776$585$438$154
25 years$1,253$955$719$535$394$131
26 years$1,192$898$666$489$355$112
27 years$1,135$845$619$447$320$95
28 years$1,083$796$575$410$289$81
29 years$1,035$751$535$376$261$69
30 years$989$709$499$345$236$59
31 years$947$670$465$317$213$51
32 years$907$634$434$291$193$43
33 years$870$601$405$268$174$37
34 years$836$569$378$246$158$32
35 years$803$540$354$227$143$27
36 years$772$513$331$209$130$23
37 years$743$487$310$192$117$20
38 years$715$463$290$177$106$17
39 years$689$440$272$164$97$14
40 years$664$419$255$151$88$12
41 years$641$398$239$139$79$11
42 years$619$379$224$128$72$9
43 years$598$362$210$119$65$8
44 years$577$345$197$110$59$7
45 years$558$329$185$101$54$6
46 years$540$314$174$93$49$5
47 years$522$299$164$86$44$4
48 years$506$286$154$80$40$4
49 years$490$273$144$74$37$3
50 years$475$261$136$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $486,000, adding $2,808 every year, while hoping to spend $22,989 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: 42/31/27 Blend
57$486,000$486,000$486,000$486,000
58$538,468$512,710$505,177$556,726
59$568,932$513,373$497,641$570,773
60$601,733$513,298$489,081$583,593
61$637,084$512,424$479,440$597,034
62$675,221$510,688$468,656$611,167
63$716,403$508,021$456,665$626,071
64$760,913$504,350$443,400$641,835
65$809,063$499,601$428,792$658,561
66$861,197$493,690$412,765$676,358
67$917,691$486,533$395,245$695,354
68$978,960$478,038$376,150$715,686
69$1,045,460$468,107$355,396$737,513
70$1,117,692$456,640$332,897$761,008
71$1,196,207$443,526$308,561$786,366
72$1,281,614$428,652$282,291$813,803
73$1,374,579$411,897$253,988$843,562
74$1,475,837$393,131$223,548$875,911
75$1,586,196$372,218$190,861$911,150
76$1,706,547$349,015$155,813$949,613
77$1,837,868$323,370$118,286$991,670
78$1,981,237$295,122$78,155$1,037,733
79$2,137,841$264,100$35,291$1,088,259
80$2,308,985$230,126$0$1,143,759
81$2,496,109$193,010$0$1,207,806
82$2,700,795$152,550$0$1,289,063
83$2,924,786$108,535$0$1,378,088
84$3,170,003$60,742$0$1,475,699
85$3,438,559$8,933$0$1,582,795
86$3,732,781$0$0$1,700,373
87$4,055,234$0$0$1,845,613
88$4,408,742$0$0$2,008,244
89$4,796,413$0$0$2,186,657
90$5,221,673$0$0$2,382,435
91$5,688,294$0$0$2,597,323
92$6,200,432$0$0$2,833,245
93$6,762,664$0$0$3,092,316
94$7,380,032$0$0$3,376,871
95$8,058,090$0$0$3,689,478
96$8,802,957$0$0$4,032,968
97$9,621,373$0$0$4,410,459
98$10,520,763$0$0$4,825,388
99$11,509,309$0$0$5,281,540
100$12,596,022$0$0$5,783,083