Can I retire at age 58 with 440,000?

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 $440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$36,335$36,011$35,695$35,387$35,086$33,828
2 years$17,988$17,653$17,328$17,013$16,708$15,454
3 years$11,873$11,536$11,212$10,900$10,600$9,390
4 years$8,816$8,480$8,160$7,853$7,560$6,402
5 years$6,982$6,649$6,332$6,032$5,747$4,645
6 years$5,760$5,429$5,117$4,824$4,547$3,502
7 years$4,887$4,559$4,253$3,966$3,698$2,710
8 years$4,233$3,908$3,607$3,327$3,068$2,135
9 years$3,725$3,403$3,106$2,834$2,584$1,705
10 years$3,318$2,999$2,708$2,443$2,201$1,376
11 years$2,986$2,670$2,384$2,126$1,893$1,119
12 years$2,709$2,397$2,116$1,865$1,641$916
13 years$2,475$2,166$1,890$1,646$1,431$753
14 years$2,275$1,969$1,699$1,461$1,254$622
15 years$2,101$1,798$1,534$1,303$1,104$515
16 years$1,949$1,650$1,390$1,167$976$428
17 years$1,816$1,520$1,265$1,049$865$356
18 years$1,697$1,404$1,155$945$769$297
19 years$1,591$1,301$1,057$854$686$248
20 years$1,495$1,209$970$773$613$207
21 years$1,409$1,126$893$702$548$173
22 years$1,331$1,051$823$638$491$145
23 years$1,260$983$760$581$441$122
24 years$1,194$921$702$530$396$102
25 years$1,134$865$651$484$357$85
26 years$1,079$813$603$443$321$72
27 years$1,028$765$560$405$290$60
28 years$981$721$521$371$261$51
29 years$937$680$485$340$236$42
30 years$896$642$452$312$213$36
31 years$857$607$421$287$193$30
32 years$822$574$393$264$174$25
33 years$788$544$367$242$158$21
34 years$756$515$343$223$143$18
35 years$727$489$320$205$129$15
36 years$699$464$300$189$117$13
37 years$672$441$280$174$106$11
38 years$648$419$263$161$96$9
39 years$624$398$246$148$87$7
40 years$602$379$231$137$79$6
41 years$580$361$216$126$72$5
42 years$560$344$203$116$65$4
43 years$541$327$190$107$59$4
44 years$523$312$179$99$54$3
45 years$505$298$168$92$49$3
46 years$489$284$158$85$44$2
47 years$473$271$148$78$40$2
48 years$458$259$139$72$37$2
49 years$443$247$131$67$33$1
50 years$430$236$123$62$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $440,000, adding $4,605 every year, while hoping to spend $38,000 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: 71/15/14 Blend
57$440,000$440,000$440,000$440,000
58$489,630$466,310$459,490$522,553
59$499,141$448,728$434,451$527,420
60$508,348$429,010$407,300$527,701
61$517,180$407,012$377,926$527,011
62$525,558$382,582$346,212$525,248
63$533,393$355,556$312,038$522,299
64$540,586$325,765$275,278$518,042
65$547,025$293,027$235,799$512,342
66$552,586$257,150$193,463$505,052
67$557,132$217,933$148,126$496,012
68$560,510$175,162$99,639$485,047
69$562,549$128,611$47,844$471,966
70$563,059$78,043$0$456,558
71$561,829$23,206$0$439,705
72$558,627$0$0$427,745
73$553,191$0$0$419,248
74$545,235$0$0$412,595
75$534,440$0$0$403,707
76$520,452$0$0$392,307
77$502,878$0$0$378,088
78$481,287$0$0$360,710
79$455,198$0$0$339,798
80$424,079$0$0$314,935
81$387,343$0$0$285,660
82$344,341$0$0$251,466
83$294,353$0$0$211,789
84$236,585$0$0$166,007
85$170,160$0$0$113,433
86$94,107$0$0$53,307
87$7,354$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0