Can I retire at age 58 with 499,000?

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 $499,000?

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$41,207$40,840$40,482$40,132$39,791$39,590
2 years$20,399$20,020$19,651$19,294$18,948$18,745
3 years$13,465$13,083$12,716$12,362$12,021$11,823
4 years$9,998$9,617$9,254$8,906$8,574$8,381
5 years$7,918$7,540$7,181$6,841$6,518$6,332
6 years$6,532$6,157$5,804$5,471$5,157$4,978
7 years$5,543$5,171$4,823$4,498$4,194$4,022
8 years$4,801$4,432$4,090$3,773$3,479$3,314
9 years$4,224$3,859$3,523$3,214$2,930$2,772
10 years$3,763$3,402$3,071$2,770$2,497$2,345
11 years$3,386$3,028$2,704$2,411$2,147$2,002
12 years$3,072$2,718$2,400$2,115$1,861$1,722
13 years$2,807$2,456$2,144$1,867$1,623$1,490
14 years$2,580$2,233$1,926$1,657$1,422$1,296
15 years$2,383$2,040$1,739$1,478$1,252$1,132
16 years$2,211$1,871$1,577$1,323$1,107$993
17 years$2,059$1,723$1,435$1,189$981$873
18 years$1,924$1,592$1,310$1,072$873$770
19 years$1,804$1,476$1,199$968$778$680
20 years$1,696$1,371$1,100$877$695$603
21 years$1,598$1,277$1,012$796$622$535
22 years$1,509$1,192$933$724$557$475
23 years$1,429$1,115$861$659$500$423
24 years$1,355$1,045$797$601$450$376
25 years$1,286$981$738$549$405$336
26 years$1,224$922$684$502$364$300
27 years$1,166$867$635$459$329$268
28 years$1,112$817$591$421$296$239
29 years$1,062$771$550$386$268$214
30 years$1,016$728$512$354$242$191
31 years$972$688$477$325$219$171
32 years$932$651$445$299$198$154
33 years$894$617$416$275$179$138
34 years$858$585$389$253$162$123
35 years$824$554$363$233$147$111
36 years$793$526$340$214$133$99
37 years$763$500$318$198$121$89
38 years$734$475$298$182$109$80
39 years$708$452$279$168$99$72
40 years$682$430$262$155$90$64
41 years$658$409$245$143$82$58
42 years$635$390$230$132$74$52
43 years$614$371$216$122$67$47
44 years$593$354$203$112$61$42
45 years$573$337$190$104$55$38
46 years$554$322$179$96$50$34
47 years$536$307$168$89$46$30
48 years$519$293$158$82$41$27
49 years$503$280$148$76$38$25
50 years$487$268$139$70$34$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $499,000, adding $5,415 every year, while hoping to spend $34,673 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: 54/29/17 Blend
57$499,000$499,000$499,000$499,000
58$555,484$529,037$521,302$582,667
59$575,251$518,068$501,874$590,865
60$595,873$505,399$480,633$595,638
61$617,399$490,911$457,481$600,063
62$639,885$474,477$432,318$604,115
63$663,389$455,961$405,036$607,772
64$687,974$435,223$375,525$611,007
65$713,711$412,112$343,668$613,796
66$740,672$386,469$309,344$616,114
67$768,940$358,125$272,426$617,936
68$798,602$326,903$232,782$619,235
69$829,753$292,615$190,274$619,989
70$862,497$255,063$144,758$620,172
71$896,946$214,035$96,082$619,761
72$933,223$169,311$44,089$618,735
73$971,461$120,657$0$617,072
74$1,011,806$67,825$0$616,822
75$1,054,415$10,553$0$624,569
76$1,099,461$0$0$632,326
77$1,147,134$0$0$656,530
78$1,197,638$0$0$685,762
79$1,251,198$0$0$716,786
80$1,308,061$0$0$749,749
81$1,368,495$0$0$784,810
82$1,432,794$0$0$822,142
83$1,501,280$0$0$861,936
84$1,574,306$0$0$904,402
85$1,652,256$0$0$949,767
86$1,735,555$0$0$998,282
87$1,824,666$0$0$1,050,223
88$1,920,096$0$0$1,105,890
89$2,022,404$0$0$1,165,615
90$2,132,201$0$0$1,229,760
91$2,250,157$0$0$1,298,723
92$2,377,010$0$0$1,372,941
93$2,513,568$0$0$1,452,894
94$2,660,719$0$0$1,539,110
95$2,819,439$0$0$1,632,168
96$2,990,799$0$0$1,732,703
97$3,175,976$0$0$1,841,417
98$3,376,266$0$0$1,959,076
99$3,593,089$0$0$2,086,526
100$3,828,011$0$0$2,224,696