Can I retire at age 59 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$37,821$37,484$37,156$36,835$36,522$35,931
2 years$18,723$18,375$18,037$17,709$17,391$16,798
3 years$12,358$12,008$11,671$11,346$11,034$10,456
4 years$9,176$8,827$8,493$8,174$7,869$7,312
5 years$7,268$6,921$6,591$6,279$5,982$5,447
6 years$5,996$5,651$5,327$5,021$4,733$4,220
7 years$5,087$4,746$4,427$4,128$3,850$3,359
8 years$4,407$4,068$3,754$3,463$3,194$2,725
9 years$3,877$3,542$3,233$2,950$2,689$2,243
10 years$3,454$3,122$2,819$2,543$2,292$1,867
11 years$3,108$2,779$2,482$2,213$1,971$1,568
12 years$2,820$2,495$2,202$1,941$1,708$1,326
13 years$2,576$2,254$1,968$1,714$1,489$1,127
14 years$2,368$2,049$1,768$1,521$1,306$963
15 years$2,187$1,872$1,596$1,357$1,149$826
16 years$2,029$1,718$1,447$1,215$1,016$711
17 years$1,890$1,582$1,317$1,091$901$614
18 years$1,766$1,462$1,202$984$801$531
19 years$1,656$1,355$1,101$889$714$460
20 years$1,557$1,259$1,010$805$638$399
21 years$1,467$1,173$929$731$571$347
22 years$1,385$1,094$856$664$511$302
23 years$1,311$1,024$791$605$459$263
24 years$1,243$959$731$552$413$230
25 years$1,181$900$677$504$371$201
26 years$1,123$846$628$461$335$175
27 years$1,070$796$583$422$302$153
28 years$1,021$750$542$386$272$134
29 years$975$708$505$354$246$117
30 years$932$668$470$325$222$103
31 years$892$632$438$299$201$90
32 years$855$598$409$274$182$79
33 years$820$566$382$252$164$69
34 years$787$537$357$232$149$61
35 years$757$509$333$214$135$53
36 years$727$483$312$197$122$47
37 years$700$459$292$181$111$41
38 years$674$436$273$167$100$36
39 years$649$415$256$154$91$31
40 years$626$394$240$142$83$28
41 years$604$375$225$131$75$24
42 years$583$358$211$121$68$21
43 years$563$341$198$112$62$19
44 years$544$325$186$103$56$16
45 years$526$310$175$95$51$14
46 years$509$295$164$88$46$13
47 years$492$282$154$81$42$11
48 years$477$269$145$75$38$10
49 years$462$257$136$69$35$9
50 years$447$246$128$64$31$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $458,000, adding $2,165 every year, while hoping to spend $34,072 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: 70/7/23 Blend
58$458,000$458,000$458,000$458,000
59$506,949$482,675$475,576$539,366
60$522,406$470,074$455,256$548,710
61$538,297$455,713$433,112$554,744
62$554,631$439,471$409,049$560,529
63$571,416$421,218$382,965$566,037
64$588,660$400,817$354,754$571,238
65$606,370$378,124$324,305$576,102
66$624,553$352,985$291,503$580,595
67$643,215$325,239$256,226$584,682
68$662,362$294,714$218,348$588,324
69$681,998$261,231$177,738$591,480
70$702,127$224,597$134,258$594,107
71$722,753$184,611$87,764$596,158
72$743,876$141,059$38,106$597,583
73$765,497$93,716$0$598,328
74$787,614$42,345$0$601,991
75$810,224$0$0$615,072
76$833,322$0$0$629,212
77$856,900$0$0$646,972
78$880,949$0$0$665,081
79$905,455$0$0$683,529
80$930,402$0$0$702,302
81$955,770$0$0$721,386
82$981,535$0$0$740,760
83$1,007,669$0$0$760,404
84$1,034,139$0$0$780,289
85$1,060,904$0$0$800,387
86$1,087,920$0$0$820,660
87$1,115,134$0$0$841,068
88$1,142,485$0$0$861,564
89$1,169,905$0$0$882,094
90$1,197,315$0$0$902,596
91$1,224,625$0$0$923,001
92$1,251,734$0$0$943,230
93$1,278,527$0$0$963,194
94$1,304,875$0$0$982,792
95$1,330,633$0$0$1,001,913
96$1,355,637$0$0$1,020,428
97$1,379,704$0$0$1,038,196
98$1,402,628$0$0$1,055,057
99$1,424,179$0$0$1,070,833
100$1,444,101$0$0$1,085,326