Can I retire at age 58 with 411,000?

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 $411,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$33,940$33,638$33,343$33,055$32,774$32,364
2 years$16,802$16,489$16,186$15,892$15,607$15,194
3 years$11,090$10,776$10,473$10,182$9,901$9,500
4 years$8,235$7,921$7,622$7,336$7,062$6,673
5 years$6,522$6,210$5,915$5,634$5,368$4,994
6 years$5,380$5,071$4,780$4,506$4,248$3,889
7 years$4,565$4,259$3,972$3,705$3,455$3,111
8 years$3,954$3,651$3,369$3,108$2,866$2,537
9 years$3,479$3,179$2,902$2,647$2,413$2,099
10 years$3,100$2,802$2,530$2,282$2,056$1,757
11 years$2,789$2,494$2,227$1,986$1,769$1,484
12 years$2,531$2,239$1,976$1,742$1,533$1,262
13 years$2,312$2,023$1,766$1,538$1,336$1,079
14 years$2,125$1,839$1,587$1,365$1,172$928
15 years$1,963$1,680$1,432$1,217$1,032$801
16 years$1,821$1,541$1,299$1,090$912$693
17 years$1,696$1,419$1,182$979$808$602
18 years$1,585$1,312$1,079$883$719$524
19 years$1,486$1,216$988$798$641$457
20 years$1,397$1,130$906$722$572$400
21 years$1,316$1,052$834$656$512$350
22 years$1,243$982$768$596$459$307
23 years$1,177$919$709$543$412$269
24 years$1,116$861$656$495$370$237
25 years$1,060$808$608$452$333$208
26 years$1,008$759$564$413$300$183
27 years$960$714$523$378$271$161
28 years$916$673$487$347$244$142
29 years$875$635$453$318$221$125
30 years$837$600$422$292$199$110
31 years$801$567$393$268$180$97
32 years$767$536$367$246$163$86
33 years$736$508$343$226$147$76
34 years$707$482$320$208$134$67
35 years$679$457$299$192$121$59
36 years$653$433$280$177$110$52
37 years$628$412$262$163$99$46
38 years$605$391$245$150$90$41
39 years$583$372$230$138$82$36
40 years$562$354$215$128$74$32
41 years$542$337$202$118$67$28
42 years$523$321$190$109$61$25
43 years$505$306$178$100$55$22
44 years$488$291$167$93$50$20
45 years$472$278$157$86$46$17
46 years$457$265$147$79$41$15
47 years$442$253$138$73$38$14
48 years$428$242$130$67$34$12
49 years$414$231$122$62$31$11
50 years$401$220$115$58$28$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $411,000, adding $4,965 every year, while hoping to spend $26,542 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: 45/46/9 Blend
57$411,000$411,000$411,000$411,000
58$458,043$436,260$429,890$477,277
59$476,523$429,397$416,051$484,226
60$495,999$421,307$400,858$488,631
61$516,543$411,903$384,239$492,801
62$538,236$401,093$366,117$496,724
63$561,166$388,776$346,412$500,388
64$585,427$374,848$325,039$503,782
65$611,124$359,199$301,912$506,898
66$638,371$341,712$276,938$509,725
67$667,292$322,263$250,022$512,257
68$698,022$300,721$221,065$514,489
69$730,712$276,947$189,961$516,419
70$765,522$250,795$156,602$518,046
71$802,632$222,110$120,875$519,373
72$842,236$190,730$82,660$520,408
73$884,548$156,480$41,834$521,162
74$929,804$119,179$0$521,650
75$978,258$78,633$0$522,062
76$1,030,194$34,640$0$526,557
77$1,085,921$0$0$531,163
78$1,145,776$0$0$542,528
79$1,210,134$0$0$573,634
80$1,279,402$0$0$607,150
81$1,354,028$0$0$643,298
82$1,434,507$0$0$682,320
83$1,521,379$0$0$724,485
84$1,615,240$0$0$770,086
85$1,716,743$0$0$819,448
86$1,826,607$0$0$872,925
87$1,945,621$0$0$930,908
88$2,074,655$0$0$993,827
89$2,214,664$0$0$1,062,155
90$2,366,698$0$0$1,136,412
91$2,531,913$0$0$1,217,169
92$2,711,580$0$0$1,305,056
93$2,907,098$0$0$1,400,766
94$3,120,005$0$0$1,505,059
95$3,351,994$0$0$1,618,775
96$3,604,930$0$0$1,742,836
97$3,880,862$0$0$1,878,258
98$4,182,049$0$0$2,026,159
99$4,510,975$0$0$2,187,770
100$4,870,375$0$0$2,364,447