Can I retire at age 58 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$42,528$42,149$41,780$41,419$41,067$40,554
2 years$21,054$20,661$20,281$19,913$19,556$19,039
3 years$13,896$13,502$13,123$12,758$12,407$11,903
4 years$10,318$9,926$9,551$9,192$8,849$8,362
5 years$8,172$7,782$7,412$7,060$6,727$6,258
6 years$6,742$6,355$5,990$5,646$5,323$4,873
7 years$5,721$5,337$4,977$4,642$4,329$3,898
8 years$4,955$4,574$4,221$3,894$3,591$3,179
9 years$4,360$3,983$3,636$3,317$3,024$2,631
10 years$3,884$3,511$3,170$2,859$2,577$2,202
11 years$3,495$3,125$2,791$2,488$2,216$1,859
12 years$3,171$2,805$2,477$2,183$1,920$1,581
13 years$2,897$2,535$2,213$1,927$1,675$1,352
14 years$2,662$2,304$1,988$1,710$1,468$1,163
15 years$2,459$2,105$1,795$1,525$1,293$1,003
16 years$2,282$1,931$1,627$1,366$1,142$869
17 years$2,125$1,779$1,481$1,227$1,013$755
18 years$1,986$1,644$1,352$1,106$901$657
19 years$1,862$1,523$1,238$999$803$573
20 years$1,750$1,415$1,136$905$717$501
21 years$1,649$1,318$1,045$821$642$439
22 years$1,558$1,231$963$747$575$384
23 years$1,474$1,151$889$680$516$337
24 years$1,398$1,078$822$620$464$296
25 years$1,328$1,012$762$567$418$261
26 years$1,263$951$706$518$376$229
27 years$1,203$895$656$474$339$202
28 years$1,148$844$610$434$306$178
29 years$1,096$796$567$398$276$157
30 years$1,048$752$528$366$250$138
31 years$1,004$710$493$336$226$122
32 years$962$672$460$309$204$108
33 years$922$637$429$284$185$95
34 years$885$603$401$261$167$84
35 years$851$572$375$240$152$74
36 years$818$543$351$221$137$66
37 years$787$516$328$204$124$58
38 years$758$490$307$188$113$51
39 years$730$466$288$173$102$45
40 years$704$444$270$160$93$40
41 years$679$422$253$148$84$35
42 years$656$402$237$136$76$31
43 years$633$383$223$126$69$28
44 years$612$365$209$116$63$24
45 years$592$348$196$107$57$22
46 years$572$332$184$99$52$19
47 years$554$317$173$91$47$17
48 years$536$303$163$85$43$15
49 years$519$289$153$78$39$13
50 years$503$276$144$72$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $515,000, adding $2,684 every year, while hoping to spend $26,303 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: 40/42/18 Blend
57$515,000$515,000$515,000$515,000
58$570,299$543,004$535,021$589,967
59$600,483$541,625$524,958$602,866
60$632,864$539,296$513,676$614,075
61$667,639$535,945$501,107$625,650
62$705,024$531,491$487,180$637,639
63$745,253$525,852$471,817$650,095
64$788,589$518,938$454,943$663,079
65$835,315$510,656$436,473$676,661
66$885,745$500,906$416,323$690,918
67$940,224$489,583$394,403$705,940
68$999,129$476,576$370,618$721,826
69$1,062,878$461,765$344,872$738,690
70$1,131,927$445,027$317,060$756,660
71$1,206,779$426,229$287,077$775,878
72$1,287,987$405,231$254,811$796,507
73$1,376,159$381,884$220,144$818,727
74$1,471,963$356,033$182,955$842,741
75$1,576,136$327,511$143,116$868,778
76$1,689,486$296,143$100,495$897,092
77$1,812,905$261,745$54,953$927,968
78$1,947,371$224,121$6,344$961,725
79$2,093,964$183,064$0$998,720
80$2,253,870$138,356$0$1,048,095
81$2,428,396$89,766$0$1,103,418
82$2,618,979$37,051$0$1,163,995
83$2,827,203$0$0$1,230,411
84$3,054,810$0$0$1,312,579
85$3,303,718$0$0$1,421,227
86$3,576,041$0$0$1,540,163
87$3,874,103$0$0$1,670,410
88$4,200,468$0$0$1,813,097
89$4,557,954$0$0$1,969,465
90$4,949,669$0$0$2,140,883
91$5,379,033$0$0$2,328,857
92$5,849,814$0$0$2,535,047
93$6,366,162$0$0$2,761,282
94$6,932,646$0$0$3,009,573
95$7,554,302$0$0$3,282,139
96$8,236,674$0$0$3,581,423
97$8,985,870$0$0$3,910,116
98$9,808,620$0$0$4,271,182
99$10,712,336$0$0$4,667,887
100$11,705,182$0$0$5,103,829