Can I retire at age 58 with 400,000?

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 $400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$33,032$32,737$32,450$32,170$31,897$31,317
2 years$16,352$16,048$15,753$15,466$15,189$14,607
3 years$10,793$10,487$10,193$9,909$9,636$9,070
4 years$8,014$7,709$7,418$7,139$6,873$6,327
5 years$6,347$6,044$5,757$5,484$5,225$4,700
6 years$5,236$4,936$4,652$4,385$4,134$3,632
7 years$4,443$4,145$3,866$3,605$3,362$2,883
8 years$3,849$3,553$3,279$3,024$2,789$2,332
9 years$3,386$3,093$2,824$2,576$2,349$1,914
10 years$3,017$2,727$2,462$2,221$2,001$1,588
11 years$2,714$2,427$2,167$1,933$1,721$1,329
12 years$2,463$2,179$1,924$1,695$1,492$1,120
13 years$2,250$1,969$1,719$1,497$1,301$950
14 years$2,068$1,790$1,544$1,329$1,140$809
15 years$1,910$1,635$1,394$1,185$1,004$691
16 years$1,772$1,500$1,264$1,061$887$593
17 years$1,651$1,381$1,150$953$787$510
18 years$1,543$1,277$1,050$859$699$439
19 years$1,446$1,183$961$776$623$379
20 years$1,359$1,099$882$703$557$328
21 years$1,281$1,024$811$638$498$284
22 years$1,210$956$748$580$447$247
23 years$1,145$894$690$528$401$214
24 years$1,086$838$639$482$360$186
25 years$1,031$786$591$440$324$162
26 years$981$739$549$402$292$141
27 years$935$695$509$368$263$123
28 years$892$655$474$337$238$107
29 years$852$618$441$309$215$93
30 years$814$584$410$284$194$81
31 years$779$552$383$261$175$71
32 years$747$522$357$240$159$62
33 years$716$494$333$220$144$54
34 years$688$469$311$203$130$47
35 years$661$444$291$187$118$41
36 years$635$422$272$172$107$36
37 years$611$401$255$158$97$31
38 years$589$381$239$146$88$27
39 years$567$362$224$135$79$24
40 years$547$345$210$124$72$21
41 years$528$328$197$115$65$18
42 years$509$312$184$106$59$16
43 years$492$298$173$98$54$14
44 years$475$284$162$90$49$12
45 years$459$270$153$83$44$11
46 years$444$258$143$77$40$9
47 years$430$246$135$71$37$8
48 years$416$235$126$66$33$7
49 years$403$224$119$61$30$6
50 years$391$214$112$56$27$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $400,000, adding $2,811 every year, while hoping to spend $27,690 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: 31/45/24 Blend
57$400,000$400,000$400,000$400,000
58$443,700$422,500$416,300$454,098
59$459,495$413,740$400,784$453,507
60$475,973$403,623$383,820$450,211
61$493,175$392,054$365,331$446,099
62$511,145$378,930$345,234$441,118
63$529,928$364,144$323,447$435,214
64$549,577$347,583$299,878$428,328
65$570,146$329,127$274,436$420,399
66$591,696$308,649$247,025$411,364
67$614,290$286,014$217,541$401,156
68$638,000$261,081$185,881$389,706
69$662,901$233,699$151,933$376,942
70$689,076$203,710$115,583$362,790
71$716,616$170,946$76,709$347,170
72$745,619$135,230$35,187$330,002
73$776,191$96,375$0$311,202
74$808,449$54,184$0$293,018
75$842,519$8,447$0$282,792
76$878,540$0$0$271,446
77$916,663$0$0$279,252
78$957,053$0$0$291,982
79$999,889$0$0$305,514
80$1,045,369$0$0$319,915
81$1,093,708$0$0$335,256
82$1,145,142$0$0$351,618
83$1,199,927$0$0$369,087
84$1,258,348$0$0$387,759
85$1,320,712$0$0$407,737
86$1,387,358$0$0$429,136
87$1,458,658$0$0$452,082
88$1,535,020$0$0$476,712
89$1,616,889$0$0$503,179
90$1,704,755$0$0$531,646
91$1,799,157$0$0$562,298
92$1,900,684$0$0$595,333
93$2,009,984$0$0$630,972
94$2,127,768$0$0$669,455
95$2,254,819$0$0$711,049
96$2,391,994$0$0$756,045
97$2,540,238$0$0$804,763
98$2,700,587$0$0$857,556
99$2,874,180$0$0$914,811
100$3,062,272$0$0$976,954