Can I retire at age 58 with 509,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$42,033$41,658$41,293$40,937$40,588$39,769
2 years$20,808$20,421$20,045$19,681$19,328$18,506
3 years$13,734$13,345$12,971$12,610$12,262$11,463
4 years$10,198$9,810$9,439$9,085$8,746$7,976
5 years$8,077$7,691$7,325$6,978$6,648$5,910
6 years$6,663$6,280$5,920$5,580$5,261$4,555
7 years$5,654$5,274$4,919$4,588$4,278$3,605
8 years$4,897$4,521$4,172$3,849$3,549$2,908
9 years$4,309$3,936$3,593$3,278$2,989$2,379
10 years$3,839$3,470$3,133$2,826$2,547$1,968
11 years$3,454$3,089$2,758$2,459$2,190$1,642
12 years$3,134$2,772$2,448$2,157$1,898$1,380
13 years$2,863$2,505$2,187$1,904$1,655$1,166
14 years$2,631$2,277$1,965$1,691$1,451$989
15 years$2,431$2,080$1,774$1,508$1,277$843
16 years$2,255$1,909$1,608$1,350$1,129$720
17 years$2,100$1,758$1,464$1,213$1,001$617
18 years$1,963$1,624$1,336$1,093$890$530
19 years$1,840$1,505$1,223$988$793$456
20 years$1,730$1,399$1,123$895$709$393
21 years$1,630$1,303$1,033$812$634$339
22 years$1,540$1,216$952$738$568$293
23 years$1,457$1,138$879$672$510$253
24 years$1,382$1,066$813$613$459$219
25 years$1,312$1,000$753$560$413$190
26 years$1,248$940$698$512$372$165
27 years$1,189$885$648$469$335$143
28 years$1,134$834$603$429$302$124
29 years$1,084$787$561$394$273$107
30 years$1,036$743$522$361$247$93
31 years$992$702$487$332$223$81
32 years$950$664$454$305$202$70
33 years$912$629$424$280$183$61
34 years$875$596$396$258$165$53
35 years$841$566$371$238$150$46
36 years$808$537$347$219$136$40
37 years$778$510$324$202$123$35
38 years$749$485$304$186$111$30
39 years$722$461$285$171$101$26
40 years$696$438$267$158$92$23
41 years$671$417$250$146$83$20
42 years$648$397$235$135$75$17
43 years$626$379$220$124$69$15
44 years$605$361$207$115$62$13
45 years$585$344$194$106$56$11
46 years$565$328$182$98$51$10
47 years$547$313$171$90$47$9
48 years$530$299$161$84$42$8
49 years$513$286$151$77$38$7
50 years$497$273$142$71$35$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $509,000, adding $6,171 every year, while hoping to spend $40,472 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: 54/33/13 Blend
57$509,000$509,000$509,000$509,000
58$567,283$540,306$532,417$595,668
59$582,084$523,720$507,191$599,082
60$597,039$504,963$479,764$597,906
61$612,119$483,889$450,018$595,694
62$627,294$460,339$417,833$592,357
63$642,529$434,146$383,081$587,799
64$657,782$405,134$345,629$581,917
65$673,007$373,117$305,338$574,600
66$688,150$337,896$262,064$565,729
67$703,153$299,265$215,655$555,176
68$717,948$257,002$165,953$542,804
69$732,459$210,875$112,792$528,464
70$746,600$160,639$56,001$511,999
71$760,276$106,032$0$493,236
72$773,378$46,782$0$472,631
73$785,787$0$0$457,677
74$797,368$0$0$446,733
75$807,970$0$0$452,167
76$817,426$0$0$456,892
77$825,547$0$0$460,794
78$832,127$0$0$463,750
79$836,932$0$0$465,619
80$839,706$0$0$466,248
81$840,160$0$0$465,465
82$837,978$0$0$463,080
83$832,804$0$0$458,880
84$824,247$0$0$452,632
85$811,873$0$0$444,075
86$795,198$0$0$432,922
87$773,688$0$0$418,853
88$746,752$0$0$401,515
89$713,733$0$0$380,517
90$673,908$0$0$355,425
91$626,473$0$0$325,760
92$570,540$0$0$290,994
93$505,126$0$0$250,539
94$429,148$0$0$203,749
95$341,403$0$0$149,908
96$240,565$0$0$88,223
97$125,168$0$0$17,823
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0