Can I retire at age 58 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$40,877$40,513$40,157$39,811$39,472$37,921
2 years$20,236$19,859$19,494$19,140$18,796$17,252
3 years$13,357$12,978$12,614$12,263$11,925$10,437
4 years$9,918$9,540$9,180$8,835$8,505$7,085
5 years$7,855$7,480$7,124$6,786$6,465$5,116
6 years$6,480$6,108$5,757$5,427$5,116$3,838
7 years$5,498$5,129$4,784$4,462$4,161$2,954
8 years$4,763$4,397$4,057$3,743$3,452$2,315
9 years$4,190$3,828$3,495$3,188$2,907$1,839
10 years$3,733$3,374$3,047$2,748$2,477$1,475
11 years$3,359$3,004$2,682$2,392$2,130$1,193
12 years$3,048$2,696$2,380$2,098$1,846$970
13 years$2,784$2,437$2,127$1,852$1,610$793
14 years$2,559$2,215$1,911$1,644$1,411$650
15 years$2,364$2,023$1,725$1,466$1,242$535
16 years$2,193$1,856$1,564$1,313$1,098$442
17 years$2,043$1,710$1,423$1,180$974$365
18 years$1,909$1,580$1,299$1,063$866$302
19 years$1,790$1,464$1,189$961$772$251
20 years$1,682$1,360$1,092$870$689$208
21 years$1,585$1,267$1,004$790$617$173
22 years$1,497$1,183$925$718$553$144
23 years$1,417$1,106$854$654$496$120
24 years$1,344$1,037$790$596$446$100
25 years$1,276$973$732$545$401$83
26 years$1,214$914$679$498$362$69
27 years$1,157$860$630$456$326$58
28 years$1,103$811$586$418$294$48
29 years$1,054$765$545$383$266$40
30 years$1,008$722$508$351$240$33
31 years$965$683$474$323$217$28
32 years$924$646$442$297$196$23
33 years$886$612$413$273$178$19
34 years$851$580$385$251$161$16
35 years$818$550$360$231$146$14
36 years$786$522$337$213$132$11
37 years$756$496$316$196$120$9
38 years$728$471$295$181$108$8
39 years$702$448$277$167$98$7
40 years$677$426$259$154$89$5
41 years$653$406$243$142$81$5
42 years$630$386$228$131$73$4
43 years$609$368$214$121$67$3
44 years$588$351$201$112$60$3
45 years$569$335$189$103$55$2
46 years$550$319$177$95$50$2
47 years$532$305$167$88$45$2
48 years$515$291$157$81$41$1
49 years$499$278$147$75$37$1
50 years$483$265$138$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $495,000, adding $5,572 every year, while hoping to spend $21,522 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: 20/50/30 Blend
57$495,000$495,000$495,000$495,000
58$551,238$525,003$517,330$556,939
59$584,565$527,828$511,761$565,614
60$620,570$530,071$505,285$572,757
61$659,503$531,680$497,847$579,917
62$701,640$532,601$489,393$587,108
63$747,284$532,774$479,864$594,348
64$796,766$532,140$469,199$601,659
65$850,454$530,632$457,334$609,069
66$908,749$528,181$444,204$616,608
67$972,093$524,715$429,737$624,315
68$1,040,974$520,153$413,861$632,232
69$1,115,928$514,415$396,499$640,412
70$1,197,543$507,412$377,572$648,912
71$1,286,469$499,051$356,997$657,803
72$1,383,418$489,234$334,686$667,161
73$1,489,177$477,857$310,548$677,078
74$1,604,609$464,808$284,488$687,657
75$1,730,667$449,971$256,406$699,014
76$1,868,398$433,223$226,198$711,285
77$2,018,955$414,432$193,757$724,621
78$2,183,609$393,459$158,968$739,193
79$2,363,757$370,159$121,714$755,197
80$2,560,939$344,375$81,870$772,853
81$2,776,850$315,945$39,308$792,408
82$3,013,357$284,694$0$814,140
83$3,272,515$250,440$0$840,321
84$3,556,590$212,989$0$882,901
85$3,868,073$172,137$0$929,726
86$4,209,712$127,668$0$981,286
87$4,584,532$79,353$0$1,038,130
88$4,995,865$26,951$0$1,100,865
89$5,447,380$0$0$1,170,165
90$5,943,121$0$0$1,263,172
91$6,487,541$0$0$1,381,692
92$7,085,546$0$0$1,511,975
93$7,742,540$0$0$1,655,211
94$8,464,477$0$0$1,812,712
95$9,257,916$0$0$1,985,921
96$10,130,082$0$0$2,176,429
97$11,088,937$0$0$2,385,989
98$12,143,251$0$0$2,616,532
99$13,302,687$0$0$2,870,187
100$14,577,891$0$0$3,149,298