Can I retire at age 58 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$42,859$42,477$42,104$41,741$41,386$40,818
2 years$21,217$20,822$20,439$20,068$19,708$19,136
3 years$14,004$13,607$13,225$12,858$12,503$11,947
4 years$10,398$10,003$9,625$9,263$8,917$8,380
5 years$8,236$7,842$7,469$7,115$6,779$6,261
6 years$6,794$6,404$6,036$5,690$5,364$4,867
7 years$5,765$5,378$5,016$4,678$4,362$3,887
8 years$4,993$4,610$4,254$3,924$3,619$3,165
9 years$4,394$4,014$3,664$3,343$3,048$2,614
10 years$3,914$3,538$3,194$2,881$2,597$2,184
11 years$3,522$3,150$2,812$2,508$2,233$1,841
12 years$3,196$2,827$2,496$2,200$1,935$1,562
13 years$2,919$2,555$2,230$1,942$1,688$1,334
14 years$2,683$2,322$2,004$1,724$1,479$1,144
15 years$2,478$2,121$1,809$1,537$1,303$986
16 years$2,299$1,946$1,640$1,376$1,151$852
17 years$2,142$1,792$1,492$1,237$1,021$738
18 years$2,002$1,656$1,362$1,115$908$641
19 years$1,876$1,535$1,247$1,007$809$558
20 years$1,764$1,426$1,145$912$723$487
21 years$1,662$1,329$1,053$828$647$425
22 years$1,570$1,240$970$753$580$372
23 years$1,486$1,160$896$685$520$326
24 years$1,409$1,087$829$625$468$285
25 years$1,338$1,020$767$571$421$250
26 years$1,273$959$712$522$379$220
27 years$1,213$902$661$478$342$193
28 years$1,157$850$614$438$308$170
29 years$1,105$802$572$401$278$149
30 years$1,056$757$533$368$252$131
31 years$1,011$716$497$338$227$116
32 years$969$677$463$311$206$102
33 years$929$642$433$286$186$90
34 years$892$608$404$263$169$79
35 years$857$577$378$242$153$70
36 years$824$547$353$223$138$61
37 years$793$520$331$206$125$54
38 years$764$494$310$189$114$48
39 years$736$470$290$175$103$42
40 years$710$447$272$161$94$37
41 years$685$426$255$149$85$33
42 years$661$405$239$137$77$29
43 years$638$386$225$127$70$25
44 years$617$368$211$117$63$22
45 years$596$351$198$108$58$20
46 years$577$335$186$100$52$17
47 years$558$320$175$92$47$15
48 years$540$305$164$85$43$14
49 years$523$291$154$79$39$12
50 years$507$278$145$73$36$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $519,000, adding $6,206 every year, while hoping to spend $38,001 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: 74/5/21 Blend
57$519,000$519,000$519,000$519,000
58$578,339$550,832$542,788$617,776
59$596,897$537,391$520,539$631,354
60$616,074$522,016$496,270$641,028
61$635,894$504,575$469,875$650,658
62$656,380$484,924$441,241$660,234
63$677,557$462,912$410,249$669,742
64$699,453$438,380$376,778$679,169
65$722,095$411,158$340,697$688,501
66$745,513$381,068$301,874$697,723
67$769,736$347,922$260,168$706,821
68$794,798$311,519$215,433$715,779
69$820,733$271,649$167,515$724,580
70$847,576$228,088$116,255$733,208
71$875,366$180,601$61,487$741,645
72$904,142$128,940$3,036$749,873
73$933,948$72,841$0$757,874
74$964,827$12,027$0$778,925
75$996,828$0$0$801,301
76$1,030,002$0$0$827,306
77$1,064,401$0$0$854,959
78$1,100,083$0$0$883,647
79$1,137,109$0$0$913,417
80$1,175,543$0$0$944,322
81$1,215,455$0$0$976,418
82$1,256,917$0$0$1,009,765
83$1,300,010$0$0$1,044,427
84$1,344,817$0$0$1,080,472
85$1,391,429$0$0$1,117,973
86$1,439,943$0$0$1,157,008
87$1,490,463$0$0$1,197,663
88$1,543,100$0$0$1,240,028
89$1,597,976$0$0$1,284,200
90$1,655,219$0$0$1,330,285
91$1,714,971$0$0$1,378,397
92$1,777,381$0$0$1,428,657
93$1,842,613$0$0$1,481,198
94$1,910,842$0$0$1,536,163
95$1,982,259$0$0$1,593,707
96$2,057,072$0$0$1,653,997
97$2,135,502$0$0$1,717,215
98$2,217,794$0$0$1,783,559
99$2,304,211$0$0$1,853,242
100$2,395,038$0$0$1,926,497