Can I retire at age 58 with 511,000?

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 $511,000?

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$42,198$41,822$41,455$41,097$40,748$39,991
2 years$20,890$20,501$20,124$19,758$19,404$18,644
3 years$13,788$13,398$13,022$12,659$12,311$11,571
4 years$10,238$9,849$9,476$9,120$8,780$8,067
5 years$8,109$7,721$7,354$7,005$6,674$5,990
6 years$6,689$6,305$5,943$5,602$5,281$4,626
7 years$5,676$5,295$4,939$4,606$4,295$3,670
8 years$4,916$4,539$4,188$3,864$3,563$2,967
9 years$4,326$3,952$3,608$3,291$3,001$2,434
10 years$3,854$3,483$3,145$2,837$2,557$2,018
11 years$3,468$3,101$2,769$2,469$2,199$1,688
12 years$3,146$2,783$2,457$2,166$1,906$1,422
13 years$2,874$2,515$2,195$1,912$1,662$1,205
14 years$2,642$2,286$1,973$1,697$1,457$1,025
15 years$2,440$2,089$1,781$1,514$1,282$876
16 years$2,264$1,916$1,615$1,355$1,133$750
17 years$2,109$1,765$1,469$1,218$1,005$645
18 years$1,971$1,631$1,341$1,097$894$555
19 years$1,847$1,511$1,228$992$796$479
20 years$1,737$1,404$1,127$898$711$414
21 years$1,637$1,308$1,037$815$637$358
22 years$1,546$1,221$955$741$571$311
23 years$1,463$1,142$882$675$512$269
24 years$1,387$1,070$816$616$460$234
25 years$1,317$1,004$756$562$414$203
26 years$1,253$944$701$514$373$177
27 years$1,194$888$651$470$336$154
28 years$1,139$837$605$431$304$134
29 years$1,088$790$563$395$274$117
30 years$1,040$746$524$363$248$102
31 years$996$705$489$333$224$88
32 years$954$667$456$306$203$77
33 years$915$632$426$282$183$67
34 years$879$599$398$259$166$59
35 years$844$568$372$238$150$51
36 years$812$539$348$220$136$45
37 years$781$512$326$202$123$39
38 years$752$486$305$187$112$34
39 years$725$463$286$172$102$30
40 years$699$440$268$159$92$26
41 years$674$419$251$146$84$23
42 years$651$399$236$135$76$20
43 years$628$380$221$125$69$17
44 years$607$362$208$115$62$15
45 years$587$346$195$106$57$13
46 years$568$330$183$98$51$11
47 years$549$315$172$91$47$10
48 years$532$300$162$84$42$9
49 years$515$287$152$77$39$8
50 years$499$274$143$72$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $511,000, adding $3,498 every year, while hoping to spend $34,836 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: 58/24/18 Blend
57$511,000$511,000$511,000$511,000
58$566,730$539,647$531,727$596,732
59$587,471$529,025$512,474$606,863
60$609,161$516,714$491,409$613,798
61$631,858$502,596$468,434$620,569
62$655,628$486,544$443,448$627,168
63$680,541$468,424$416,342$633,586
64$706,674$448,094$387,007$639,815
65$734,109$425,404$355,326$645,850
66$762,936$400,197$321,177$651,684
67$793,252$372,304$284,434$657,315
68$825,165$341,547$244,963$662,741
69$858,789$307,740$202,626$667,964
70$894,250$270,685$157,279$672,987
71$931,687$230,171$108,771$677,818
72$971,247$185,978$56,944$682,466
73$1,013,096$137,873$1,633$686,948
74$1,057,411$85,608$0$691,284
75$1,104,387$28,923$0$706,521
76$1,154,237$0$0$722,721
77$1,207,193$0$0$748,216
78$1,263,511$0$0$783,476
79$1,323,468$0$0$821,038
80$1,387,370$0$0$861,098
81$1,455,550$0$0$903,869
82$1,528,375$0$0$949,582
83$1,606,245$0$0$998,493
84$1,689,600$0$0$1,050,884
85$1,778,923$0$0$1,107,060
86$1,874,741$0$0$1,167,360
87$1,977,635$0$0$1,232,152
88$2,088,242$0$0$1,301,844
89$2,207,261$0$0$1,376,880
90$2,335,459$0$0$1,457,752
91$2,473,680$0$0$1,544,995
92$2,622,850$0$0$1,639,202
93$2,783,986$0$0$1,741,021
94$2,958,206$0$0$1,851,166
95$3,146,740$0$0$1,970,422
96$3,350,938$0$0$2,099,650
97$3,572,286$0$0$2,239,800
98$3,812,418$0$0$2,391,914
99$4,073,129$0$0$2,557,138
100$4,356,396$0$0$2,736,734