Can I retire at age 58 with 519,000?

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 $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%13.9%
1 years$42,859$42,477$42,104$41,741$41,386$40,717
2 years$21,217$20,822$20,439$20,068$19,708$19,035
3 years$14,004$13,607$13,225$12,858$12,503$11,849
4 years$10,398$10,003$9,625$9,263$8,917$8,286
5 years$8,236$7,842$7,469$7,115$6,779$6,172
6 years$6,794$6,404$6,036$5,690$5,364$4,782
7 years$5,765$5,378$5,016$4,678$4,362$3,806
8 years$4,993$4,610$4,254$3,924$3,619$3,088
9 years$4,394$4,014$3,664$3,343$3,048$2,542
10 years$3,914$3,538$3,194$2,881$2,597$2,116
11 years$3,522$3,150$2,812$2,508$2,233$1,777
12 years$3,196$2,827$2,496$2,200$1,935$1,502
13 years$2,919$2,555$2,230$1,942$1,688$1,278
14 years$2,683$2,322$2,004$1,724$1,479$1,092
15 years$2,478$2,121$1,809$1,537$1,303$936
16 years$2,299$1,946$1,640$1,376$1,151$806
17 years$2,142$1,792$1,492$1,237$1,021$695
18 years$2,002$1,656$1,362$1,115$908$601
19 years$1,876$1,535$1,247$1,007$809$521
20 years$1,764$1,426$1,145$912$723$453
21 years$1,662$1,329$1,053$828$647$394
22 years$1,570$1,240$970$753$580$343
23 years$1,486$1,160$896$685$520$299
24 years$1,409$1,087$829$625$468$260
25 years$1,338$1,020$767$571$421$227
26 years$1,273$959$712$522$379$199
27 years$1,213$902$661$478$342$174
28 years$1,157$850$614$438$308$152
29 years$1,105$802$572$401$278$133
30 years$1,056$757$533$368$252$116
31 years$1,011$716$497$338$227$102
32 years$969$677$463$311$206$89
33 years$929$642$433$286$186$78
34 years$892$608$404$263$169$69
35 years$857$577$378$242$153$60
36 years$824$547$353$223$138$53
37 years$793$520$331$206$125$46
38 years$764$494$310$189$114$41
39 years$736$470$290$175$103$36
40 years$710$447$272$161$94$31
41 years$685$426$255$149$85$27
42 years$661$405$239$137$77$24
43 years$638$386$225$127$70$21
44 years$617$368$211$117$63$18
45 years$596$351$198$108$58$16
46 years$577$335$186$100$52$14
47 years$558$320$175$92$47$13
48 years$540$305$164$85$43$11
49 years$523$291$154$79$39$10
50 years$507$278$145$73$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $519,000, adding $2,785 every year, while hoping to spend $32,167 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: 40/47/13 Blend
57$519,000$519,000$519,000$519,000
58$574,811$547,304$539,259$595,470
59$599,216$539,896$523,099$602,934
60$625,032$531,048$505,319$607,636
61$652,370$520,653$485,832$612,019
62$681,349$508,603$464,545$616,070
63$712,101$494,778$441,361$619,776
64$744,769$479,056$416,180$623,124
65$779,510$461,304$388,897$626,106
66$816,496$441,384$359,401$628,714
67$855,915$419,149$327,577$630,943
68$897,973$394,442$293,306$632,790
69$942,896$367,099$256,461$634,259
70$990,931$336,946$216,912$635,353
71$1,042,349$303,800$174,522$636,084
72$1,097,448$267,465$129,147$636,467
73$1,156,553$227,736$80,639$636,526
74$1,220,022$184,396$28,842$636,290
75$1,288,249$137,216$0$635,797
76$1,361,664$85,953$0$638,762
77$1,440,741$30,352$0$646,085
78$1,525,999$0$0$653,857
79$1,618,011$0$0$677,631
80$1,717,402$0$0$720,322
81$1,824,864$0$0$766,535
82$1,941,155$0$0$816,603
83$2,067,106$0$0$870,892
84$2,203,636$0$0$929,805
85$2,351,750$0$0$993,785
86$2,512,557$0$0$1,063,319
87$2,687,276$0$0$1,138,942
88$2,877,247$0$0$1,221,244
89$3,083,945$0$0$1,310,875
90$3,308,993$0$0$1,408,547
91$3,554,175$0$0$1,515,047
92$3,821,458$0$0$1,631,239
93$4,113,003$0$0$1,758,074
94$4,431,192$0$0$1,896,601
95$4,778,643$0$0$2,047,973
96$5,158,242$0$0$2,213,459
97$5,573,163$0$0$2,394,457
98$6,026,903$0$0$2,592,506
99$6,523,311$0$0$2,809,302
100$7,066,625$0$0$3,046,710