Can I retire at age 58 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$36,995$36,666$36,344$36,031$35,724$35,190
2 years$18,315$17,973$17,643$17,322$17,011$16,475
3 years$12,088$11,746$11,416$11,099$10,793$10,270
4 years$8,976$8,634$8,308$7,996$7,698$7,193
5 years$7,109$6,770$6,447$6,142$5,852$5,366
6 years$5,865$5,528$5,210$4,912$4,630$4,165
7 years$4,976$4,642$4,330$4,038$3,766$3,320
8 years$4,310$3,979$3,672$3,387$3,124$2,699
9 years$3,793$3,465$3,163$2,885$2,631$2,225
10 years$3,379$3,054$2,757$2,487$2,242$1,856
11 years$3,040$2,719$2,428$2,165$1,928$1,561
12 years$2,758$2,440$2,154$1,899$1,671$1,322
13 years$2,520$2,205$1,925$1,676$1,457$1,127
14 years$2,316$2,004$1,729$1,488$1,277$965
15 years$2,139$1,831$1,561$1,327$1,124$829
16 years$1,985$1,680$1,416$1,188$994$715
17 years$1,849$1,547$1,288$1,068$881$618
18 years$1,728$1,430$1,176$962$783$536
19 years$1,620$1,325$1,077$869$698$466
20 years$1,523$1,231$988$787$624$405
21 years$1,435$1,147$909$715$558$353
22 years$1,355$1,071$838$650$500$308
23 years$1,283$1,001$773$592$449$269
24 years$1,216$938$715$540$404$235
25 years$1,155$880$662$493$363$206
26 years$1,099$827$614$451$327$180
27 years$1,047$779$571$412$295$158
28 years$998$734$530$378$266$139
29 years$954$692$494$347$240$122
30 years$912$654$460$318$217$107
31 years$873$618$429$292$196$94
32 years$836$585$400$268$178$82
33 years$802$554$373$247$161$72
34 years$770$525$349$227$146$64
35 years$740$498$326$209$132$56
36 years$712$473$305$193$119$49
37 years$685$449$286$177$108$43
38 years$659$426$267$164$98$38
39 years$635$406$251$151$89$33
40 years$612$386$235$139$81$29
41 years$591$367$220$128$73$26
42 years$570$350$207$118$66$23
43 years$551$333$194$109$60$20
44 years$532$318$182$101$55$18
45 years$515$303$171$93$50$15
46 years$498$289$160$86$45$14
47 years$482$276$151$80$41$12
48 years$466$263$142$74$37$11
49 years$451$251$133$68$34$9
50 years$437$240$125$63$31$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $448,000, adding $6,881 every year, while hoping to spend $31,966 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: 38/36/26 Blend
57$448,000$448,000$448,000$448,000
58$500,794$477,050$470,106$515,725
59$517,863$466,414$451,843$516,626
60$535,602$454,185$431,897$514,146
61$554,046$440,252$410,177$510,844
62$573,230$424,496$386,590$506,664
63$593,196$406,793$361,037$501,549
64$613,985$387,009$333,415$495,440
65$635,644$365,005$303,617$488,275
66$658,221$340,632$271,530$479,987
67$681,771$313,733$237,036$470,509
68$706,349$284,144$200,015$459,768
69$732,018$251,688$160,336$447,691
70$758,844$216,181$117,868$434,199
71$786,899$177,427$72,470$419,212
72$816,262$135,220$23,997$402,645
73$847,016$89,342$0$384,410
74$879,254$39,561$0$372,109
75$913,073$0$0$365,560
76$948,582$0$0$363,735
77$985,899$0$0$378,306
78$1,025,149$0$0$393,655
79$1,066,471$0$0$409,836
80$1,110,016$0$0$426,913
81$1,155,948$0$0$444,953
82$1,204,445$0$0$464,030
83$1,255,703$0$0$484,224
84$1,309,933$0$0$505,622
85$1,367,369$0$0$528,322
86$1,428,263$0$0$552,427
87$1,492,894$0$0$578,053
88$1,561,564$0$0$605,326
89$1,634,604$0$0$634,381
90$1,712,378$0$0$665,371
91$1,795,283$0$0$698,460
92$1,883,754$0$0$733,828
93$1,978,267$0$0$771,673
94$2,079,346$0$0$812,213
95$2,187,562$0$0$855,686
96$2,303,545$0$0$902,353
97$2,427,982$0$0$952,501
98$2,561,630$0$0$1,006,444
99$2,705,320$0$0$1,064,528
100$2,859,961$0$0$1,127,132