Can I retire at age 58 with 404,000?

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 $404,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$33,362$33,065$32,775$32,492$32,216$31,721
2 years$16,516$16,208$15,910$15,621$15,341$14,844
3 years$10,901$10,592$10,295$10,009$9,733$9,249
4 years$8,094$7,786$7,492$7,211$6,942$6,474
5 years$6,411$6,105$5,814$5,538$5,277$4,827
6 years$5,289$4,985$4,699$4,429$4,175$3,745
7 years$4,488$4,186$3,905$3,641$3,396$2,984
8 years$3,887$3,588$3,311$3,055$2,817$2,424
9 years$3,420$3,124$2,852$2,602$2,372$1,997
10 years$3,047$2,754$2,487$2,243$2,021$1,665
11 years$2,742$2,452$2,189$1,952$1,738$1,399
12 years$2,487$2,201$1,943$1,712$1,507$1,185
13 years$2,273$1,989$1,736$1,512$1,314$1,009
14 years$2,089$1,808$1,560$1,342$1,152$863
15 years$1,929$1,651$1,408$1,197$1,014$741
16 years$1,790$1,515$1,277$1,071$896$639
17 years$1,667$1,395$1,162$963$795$552
18 years$1,558$1,289$1,060$868$706$478
19 years$1,461$1,195$971$784$630$415
20 years$1,373$1,110$891$710$562$361
21 years$1,294$1,034$820$644$503$314
22 years$1,222$965$755$586$451$274
23 years$1,157$903$697$534$405$239
24 years$1,097$846$645$487$364$209
25 years$1,042$794$597$444$328$183
26 years$991$746$554$406$295$160
27 years$944$702$514$372$266$140
28 years$900$662$478$341$240$123
29 years$860$624$445$313$217$108
30 years$822$590$415$287$196$94
31 years$787$557$386$263$177$83
32 years$754$527$361$242$160$73
33 years$724$499$337$223$145$64
34 years$695$473$315$205$131$56
35 years$667$449$294$189$119$49
36 years$642$426$275$174$108$43
37 years$617$405$258$160$98$38
38 years$595$385$241$147$88$33
39 years$573$366$226$136$80$29
40 years$552$348$212$125$73$26
41 years$533$331$199$116$66$23
42 years$514$315$186$107$60$20
43 years$497$301$175$99$54$17
44 years$480$286$164$91$49$15
45 years$464$273$154$84$45$13
46 years$449$261$145$78$41$12
47 years$434$249$136$72$37$10
48 years$420$237$128$66$34$9
49 years$407$227$120$61$30$8
50 years$394$217$113$57$28$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $404,000, adding $2,741 every year, while hoping to spend $21,367 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: 44/26/30 Blend
57$404,000$404,000$404,000$404,000
58$448,035$426,623$420,361$463,742
59$471,001$424,794$411,709$473,426
60$495,592$422,158$402,051$481,685
61$521,953$418,655$391,330$490,238
62$550,242$414,218$379,489$499,124
63$580,629$408,777$366,465$508,389
64$613,306$402,259$352,194$518,086
65$648,479$394,586$336,608$528,272
66$686,377$385,674$319,638$539,014
67$727,251$375,436$301,209$550,387
68$771,376$363,778$281,246$562,476
69$819,056$350,602$259,666$575,375
70$870,622$335,804$236,388$589,191
71$926,441$319,274$211,322$604,044
72$986,914$300,895$184,378$620,070
73$1,052,484$280,543$155,459$637,419
74$1,123,636$258,089$124,466$656,260
75$1,200,906$233,394$91,294$676,784
76$1,284,881$206,312$55,835$699,201
77$1,376,208$176,691$17,974$723,748
78$1,475,599$144,366$0$750,689
79$1,583,836$109,167$0$787,498
80$1,701,783$70,911$0$833,932
81$1,830,386$29,407$0$884,636
82$1,970,690$0$0$940,062
83$2,123,843$0$0$1,005,157
84$2,291,111$0$0$1,085,485
85$2,473,885$0$0$1,173,308
86$2,673,698$0$0$1,269,367
87$2,892,238$0$0$1,374,480
88$3,131,362$0$0$1,489,548
89$3,393,116$0$0$1,615,560
90$3,679,754$0$0$1,753,610
91$3,993,755$0$0$1,904,898
92$4,337,853$0$0$2,070,749
93$4,715,055$0$0$2,252,620
94$5,128,677$0$0$2,452,118
95$5,582,367$0$0$2,671,011
96$6,080,147$0$0$2,911,248
97$6,626,445$0$0$3,174,975
98$7,226,138$0$0$3,464,555
99$7,884,598$0$0$3,782,593
100$8,607,746$0$0$4,131,957