Can I retire at age 58 with 476,000?

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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$39,308$38,958$38,616$38,282$37,957$37,765
2 years$19,459$19,097$18,746$18,405$18,075$17,881
3 years$12,844$12,480$12,130$11,792$11,467$11,278
4 years$9,537$9,174$8,827$8,496$8,179$7,995
5 years$7,553$7,193$6,850$6,525$6,217$6,040
6 years$6,231$5,873$5,536$5,218$4,919$4,749
7 years$5,287$4,932$4,601$4,290$4,001$3,837
8 years$4,580$4,228$3,902$3,599$3,319$3,161
9 years$4,030$3,681$3,360$3,066$2,795$2,644
10 years$3,590$3,245$2,930$2,643$2,382$2,237
11 years$3,230$2,889$2,579$2,300$2,048$1,910
12 years$2,931$2,593$2,289$2,017$1,775$1,643
13 years$2,678$2,343$2,045$1,781$1,548$1,422
14 years$2,461$2,130$1,838$1,581$1,357$1,237
15 years$2,273$1,946$1,659$1,410$1,195$1,080
16 years$2,109$1,785$1,504$1,262$1,056$947
17 years$1,964$1,644$1,369$1,134$936$833
18 years$1,836$1,519$1,249$1,022$832$734
19 years$1,721$1,408$1,144$924$742$649
20 years$1,618$1,308$1,050$837$663$575
21 years$1,525$1,219$966$759$593$510
22 years$1,440$1,138$890$690$532$453
23 years$1,363$1,064$822$629$477$403
24 years$1,292$997$760$573$429$359
25 years$1,227$935$704$524$386$320
26 years$1,167$879$653$479$348$286
27 years$1,112$827$606$438$313$255
28 years$1,061$780$564$402$283$228
29 years$1,013$736$524$368$255$204
30 years$969$695$488$338$231$183
31 years$928$657$455$310$209$164
32 years$889$621$425$285$189$146
33 years$852$588$397$262$171$131
34 years$818$558$371$241$155$118
35 years$786$529$347$222$140$106
36 years$756$502$324$205$127$95
37 years$727$477$303$189$115$85
38 years$700$453$284$174$104$76
39 years$675$431$266$160$95$68
40 years$651$410$250$148$86$61
41 years$628$390$234$136$78$55
42 years$606$372$219$126$71$50
43 years$585$354$206$116$64$44
44 years$566$338$193$107$58$40
45 years$547$322$182$99$53$36
46 years$529$307$170$91$48$32
47 years$512$293$160$85$44$29
48 years$495$280$151$78$40$26
49 years$480$267$141$72$36$23
50 years$465$255$133$67$33$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $476,000, adding $2,205 every year, while hoping to spend $33,242 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: 61/22/17 Blend
57$476,000$476,000$476,000$476,000
58$526,826$501,598$494,220$556,555
59$545,194$490,808$475,408$566,069
60$564,320$478,374$454,850$572,532
61$584,248$464,181$432,455$578,809
62$605,023$448,108$408,125$584,883
63$626,695$430,025$381,756$590,742
64$649,316$409,794$353,243$596,368
65$672,943$387,271$322,473$601,750
66$697,638$362,302$289,331$606,870
67$723,468$334,726$253,694$611,717
68$750,504$304,370$215,436$616,277
69$778,825$271,054$174,423$620,536
70$808,516$234,586$130,517$624,485
71$839,668$194,765$83,573$628,111
72$872,382$151,375$33,439$631,407
73$906,764$104,192$0$634,366
74$942,934$52,977$0$640,622
75$981,019$0$0$653,244
76$1,021,159$0$0$666,801
77$1,063,505$0$0$694,649
78$1,108,224$0$0$724,071
79$1,155,495$0$0$755,190
80$1,205,517$0$0$788,136
81$1,258,504$0$0$823,055
82$1,314,691$0$0$860,102
83$1,374,335$0$0$899,451
84$1,437,718$0$0$941,290
85$1,505,147$0$0$985,824
86$1,576,959$0$0$1,033,279
87$1,653,521$0$0$1,083,902
88$1,735,237$0$0$1,137,963
89$1,822,550$0$0$1,195,759
90$1,915,944$0$0$1,257,614
91$2,015,949$0$0$1,323,885
92$2,123,150$0$0$1,394,962
93$2,238,185$0$0$1,471,274
94$2,361,755$0$0$1,553,292
95$2,494,631$0$0$1,641,533
96$2,637,657$0$0$1,736,563
97$2,791,762$0$0$1,839,004
98$2,957,965$0$0$1,949,543
99$3,137,386$0$0$2,068,929
100$3,331,256$0$0$2,197,990