Can I retire at age 58 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$36,170$35,847$35,533$35,226$34,927$33,755
2 years$17,906$17,572$17,249$16,936$16,632$15,463
3 years$11,819$11,484$11,161$10,851$10,552$9,422
4 years$8,776$8,442$8,123$7,817$7,526$6,444
5 years$6,950$6,618$6,303$6,005$5,721$4,690
6 years$5,734$5,404$5,094$4,802$4,527$3,548
7 years$4,865$4,539$4,233$3,948$3,681$2,754
8 years$4,214$3,890$3,590$3,312$3,054$2,178
9 years$3,708$3,387$3,092$2,821$2,572$1,746
10 years$3,303$2,986$2,696$2,432$2,191$1,414
11 years$2,972$2,658$2,373$2,116$1,885$1,154
12 years$2,697$2,386$2,106$1,856$1,633$948
13 years$2,464$2,156$1,882$1,639$1,424$783
14 years$2,264$1,960$1,691$1,455$1,248$649
15 years$2,092$1,790$1,527$1,297$1,099$540
16 years$1,941$1,643$1,384$1,162$972$450
17 years$1,807$1,513$1,259$1,044$861$376
18 years$1,689$1,398$1,150$941$766$315
19 years$1,584$1,295$1,053$850$683$264
20 years$1,489$1,204$966$770$610$222
21 years$1,403$1,121$888$699$546$187
22 years$1,325$1,047$819$635$489$157
23 years$1,254$979$756$578$439$132
24 years$1,189$917$699$528$395$111
25 years$1,129$861$648$482$355$94
26 years$1,074$809$601$441$320$79
27 years$1,023$761$558$403$288$67
28 years$976$717$519$369$260$56
29 years$932$677$483$339$235$48
30 years$892$639$449$311$212$40
31 years$853$604$419$286$192$34
32 years$818$572$391$262$174$29
33 years$784$541$365$241$157$24
34 years$753$513$341$222$142$20
35 years$723$487$319$204$129$17
36 years$696$462$298$188$117$15
37 years$669$439$279$173$106$12
38 years$645$417$261$160$96$10
39 years$621$397$245$147$87$9
40 years$599$377$230$136$79$7
41 years$578$359$215$125$72$6
42 years$558$342$202$116$65$5
43 years$539$326$190$107$59$4
44 years$520$311$178$99$54$4
45 years$503$296$167$91$49$3
46 years$487$283$157$84$44$3
47 years$471$270$147$78$40$2
48 years$456$257$138$72$36$2
49 years$441$246$130$66$33$2
50 years$428$235$122$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $438,000, adding $2,513 every year, while hoping to spend $26,941 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: 69/11/20 Blend
57$438,000$438,000$438,000$438,000
58$485,268$462,054$455,265$516,194
59$506,100$456,030$441,852$531,145
60$528,155$448,807$427,086$544,103
61$551,527$440,299$410,894$557,623
62$576,323$430,414$393,198$571,759
63$602,657$419,053$373,920$586,568
64$630,654$406,114$352,973$602,118
65$660,454$391,486$330,269$618,483
66$692,204$375,053$305,718$635,745
67$726,072$356,693$279,223$653,995
68$762,237$336,277$250,682$673,334
69$800,897$313,666$219,992$693,876
70$842,269$288,717$187,042$715,747
71$886,591$261,274$151,719$739,085
72$934,124$231,177$113,902$764,046
73$985,154$198,254$73,467$790,803
74$1,039,995$162,324$30,283$819,546
75$1,098,992$123,195$0$850,487
76$1,162,523$80,666$0$887,234
77$1,231,005$34,523$0$933,792
78$1,304,894$0$0$984,013
79$1,384,693$0$0$1,040,120
80$1,470,951$0$0$1,105,307
81$1,564,276$0$0$1,175,855
82$1,665,334$0$0$1,252,269
83$1,774,857$0$0$1,335,106
84$1,893,650$0$0$1,424,979
85$2,022,600$0$0$1,522,560
86$2,162,680$0$0$1,628,590
87$2,314,962$0$0$1,743,882
88$2,480,626$0$0$1,869,334
89$2,660,967$0$0$2,005,930
90$2,857,414$0$0$2,154,756
91$3,071,537$0$0$2,317,004
92$3,305,064$0$0$2,493,990
93$3,559,898$0$0$2,687,159
94$3,838,134$0$0$2,898,102
95$4,142,076$0$0$3,128,573
96$4,474,262$0$0$3,380,500
97$4,837,487$0$0$3,656,007
98$5,234,826$0$0$3,957,433
99$5,669,667$0$0$4,287,353
100$6,145,740$0$0$4,648,601