Can I retire at age 58 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$39,886$39,530$39,184$38,845$38,515$37,799
2 years$19,745$19,378$19,021$18,676$18,341$17,622
3 years$13,033$12,664$12,308$11,966$11,636$10,937
4 years$9,677$9,309$8,957$8,621$8,299$7,625
5 years$7,664$7,298$6,951$6,621$6,309$5,662
6 years$6,323$5,960$5,617$5,295$4,992$4,373
7 years$5,365$5,005$4,668$4,354$4,060$3,469
8 years$4,647$4,290$3,959$3,652$3,368$2,805
9 years$4,089$3,735$3,410$3,111$2,836$2,300
10 years$3,643$3,293$2,973$2,681$2,417$1,908
11 years$3,278$2,931$2,617$2,334$2,078$1,596
12 years$2,974$2,631$2,323$2,047$1,801$1,344
13 years$2,717$2,378$2,075$1,807$1,571$1,139
14 years$2,497$2,161$1,865$1,604$1,377$969
15 years$2,306$1,974$1,683$1,431$1,212$828
16 years$2,140$1,811$1,526$1,281$1,071$709
17 years$1,993$1,668$1,389$1,151$950$609
18 years$1,863$1,541$1,268$1,037$845$525
19 years$1,746$1,429$1,161$937$753$453
20 years$1,642$1,328$1,065$849$672$391
21 years$1,547$1,237$980$770$602$339
22 years$1,461$1,154$903$700$539$294
23 years$1,383$1,080$834$638$484$255
24 years$1,311$1,011$771$582$435$221
25 years$1,245$949$714$531$392$192
26 years$1,185$892$662$486$353$167
27 years$1,128$840$615$445$318$145
28 years$1,077$791$572$407$287$127
29 years$1,028$746$532$374$259$110
30 years$983$705$496$343$234$96
31 years$941$666$462$315$212$84
32 years$902$630$431$289$191$73
33 years$865$597$403$266$173$64
34 years$830$566$376$245$157$55
35 years$798$537$352$225$142$48
36 years$767$509$329$208$129$42
37 years$738$484$308$191$117$37
38 years$711$460$288$176$106$32
39 years$685$437$270$163$96$28
40 years$660$416$253$150$87$24
41 years$637$396$237$138$79$21
42 years$615$377$223$128$72$19
43 years$594$359$209$118$65$16
44 years$574$343$196$109$59$14
45 years$555$327$184$101$54$12
46 years$537$312$173$93$49$11
47 years$519$297$163$86$44$9
48 years$503$284$153$79$40$8
49 years$487$271$144$73$36$7
50 years$472$259$135$68$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $483,000, adding $5,837 every year, while hoping to spend $30,644 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: 81/13/6 Blend
57$483,000$483,000$483,000$483,000
58$538,287$512,688$505,201$581,181
59$560,587$505,205$489,521$602,608
60$584,135$496,328$472,288$621,442
61$609,025$485,956$453,418$641,171
62$635,362$473,984$432,823$661,869
63$663,257$460,298$410,411$683,616
64$692,835$444,778$386,086$706,499
65$724,231$427,299$359,746$730,616
66$757,592$407,726$331,287$756,073
67$793,080$385,918$300,599$782,989
68$830,871$361,725$267,566$811,494
69$871,159$334,988$232,068$841,733
70$914,156$305,542$193,981$873,863
71$960,094$273,207$153,174$908,060
72$1,009,228$237,799$109,509$944,516
73$1,061,836$199,118$62,845$983,447
74$1,118,225$156,956$13,032$1,025,086
75$1,178,729$111,093$0$1,069,695
76$1,243,719$61,295$0$1,120,129
77$1,313,597$7,318$0$1,175,193
78$1,388,808$0$0$1,234,414
79$1,469,839$0$0$1,305,498
80$1,557,226$0$0$1,383,296
81$1,651,556$0$0$1,467,285
82$1,753,476$0$0$1,558,042
83$1,863,695$0$0$1,656,202
84$1,982,995$0$0$1,762,459
85$2,112,234$0$0$1,877,580
86$2,252,354$0$0$2,002,407
87$2,404,394$0$0$2,137,867
88$2,569,494$0$0$2,284,976
89$2,748,910$0$0$2,444,855
90$2,944,022$0$0$2,618,736
91$3,156,350$0$0$2,807,975
92$3,387,564$0$0$3,014,064
93$3,639,503$0$0$3,238,644
94$3,914,193$0$0$3,483,520
95$4,213,859$0$0$3,750,682
96$4,540,955$0$0$4,042,318
97$4,898,179$0$0$4,360,836
98$5,288,503$0$0$4,708,888
99$5,715,196$0$0$5,089,393
100$6,181,862$0$0$5,505,567