Can I retire at age 58 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$42,941$42,559$42,185$41,821$41,466$41,067
2 years$21,258$20,862$20,478$20,106$19,745$19,344
3 years$14,031$13,634$13,251$12,882$12,527$12,135
4 years$10,419$10,022$9,643$9,281$8,935$8,555
5 years$8,251$7,857$7,484$7,129$6,792$6,426
6 years$6,807$6,416$6,048$5,701$5,374$5,022
7 years$5,776$5,388$5,026$4,687$4,371$4,033
8 years$5,003$4,619$4,262$3,932$3,626$3,302
9 years$4,402$4,021$3,671$3,349$3,054$2,744
10 years$3,922$3,545$3,201$2,887$2,602$2,306
11 years$3,529$3,156$2,818$2,512$2,238$1,956
12 years$3,202$2,832$2,501$2,204$1,939$1,671
13 years$2,925$2,560$2,234$1,946$1,691$1,436
14 years$2,688$2,327$2,007$1,727$1,482$1,240
15 years$2,483$2,125$1,812$1,540$1,305$1,075
16 years$2,304$1,950$1,643$1,379$1,153$936
17 years$2,146$1,796$1,495$1,239$1,023$817
18 years$2,005$1,660$1,365$1,117$909$715
19 years$1,880$1,538$1,250$1,009$811$627
20 years$1,767$1,429$1,147$914$724$550
21 years$1,665$1,331$1,055$829$648$484
22 years$1,573$1,243$972$754$581$427
23 years$1,489$1,162$898$687$521$377
24 years$1,412$1,089$830$626$469$333
25 years$1,341$1,022$769$572$422$294
26 years$1,275$960$713$523$380$260
27 years$1,215$904$662$479$342$230
28 years$1,159$852$616$439$309$204
29 years$1,107$804$573$402$279$181
30 years$1,058$759$534$369$252$161
31 years$1,013$717$497$339$228$142
32 years$971$679$464$312$206$126
33 years$931$643$433$287$187$112
34 years$894$609$405$264$169$100
35 years$859$578$379$243$153$89
36 years$826$548$354$224$139$79
37 years$795$521$331$206$126$70
38 years$765$495$310$190$114$62
39 years$737$471$291$175$103$55
40 years$711$448$273$161$94$49
41 years$686$426$256$149$85$44
42 years$662$406$240$137$77$39
43 years$639$387$225$127$70$35
44 years$618$369$211$117$64$31
45 years$597$352$198$108$58$27
46 years$578$335$186$100$52$24
47 years$559$320$175$92$48$22
48 years$541$306$164$85$43$19
49 years$524$292$155$79$39$17
50 years$508$279$145$73$36$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $520,000, adding $3,524 every year, while hoping to spend $24,113 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: 53/41/6 Blend
57$520,000$520,000$520,000$520,000
58$576,675$549,115$541,055$606,256
59$609,840$550,366$533,524$627,928
60$645,579$550,869$524,933$648,547
61$684,131$550,564$515,221$670,393
62$725,754$549,384$504,323$693,586
63$770,736$547,259$492,173$718,259
64$819,392$544,115$478,701$744,559
65$872,067$539,874$463,834$772,649
66$929,141$534,451$447,496$802,713
67$991,032$527,758$429,606$834,950
68$1,058,201$519,701$410,081$869,583
69$1,131,152$510,182$388,834$906,861
70$1,210,443$499,093$365,773$947,056
71$1,296,684$486,325$340,803$990,473
72$1,390,549$471,759$313,823$1,037,447
73$1,492,780$455,269$284,730$1,088,352
74$1,604,190$436,724$253,415$1,143,599
75$1,725,677$415,983$219,765$1,203,646
76$1,858,228$392,899$183,659$1,268,998
77$2,002,930$367,314$144,975$1,340,214
78$2,160,980$339,063$103,582$1,417,915
79$2,333,694$307,971$59,346$1,502,786
80$2,522,522$273,853$12,125$1,595,585
81$2,729,060$236,512$0$1,697,152
82$2,955,066$195,744$0$1,810,864
83$3,202,476$151,328$0$1,936,287
84$3,473,420$103,035$0$2,073,788
85$3,770,245$50,620$0$2,224,634
86$4,095,537$0$0$2,390,223
87$4,452,141$0$0$2,574,887
88$4,843,194$0$0$2,802,484
89$5,272,146$0$0$3,052,192
90$5,742,803$0$0$3,326,231
91$6,259,353$0$0$3,627,048
92$6,826,411$0$0$3,957,337
93$7,449,060$0$0$4,320,066
94$8,132,900$0$0$4,718,505
95$8,884,098$0$0$5,156,254
96$9,709,450$0$0$5,637,282
97$10,616,441$0$0$6,165,961
98$11,613,320$0$0$6,747,106
99$12,709,172$0$0$7,386,022
100$13,914,006$0$0$8,088,555