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%15.6%
1 years$42,941$42,559$42,185$41,821$41,466$40,512
2 years$21,258$20,862$20,478$20,106$19,745$18,791
3 years$14,031$13,634$13,251$12,882$12,527$11,600
4 years$10,419$10,022$9,643$9,281$8,935$8,043
5 years$8,251$7,857$7,484$7,129$6,792$5,938
6 years$6,807$6,416$6,048$5,701$5,374$4,558
7 years$5,776$5,388$5,026$4,687$4,371$3,594
8 years$5,003$4,619$4,262$3,932$3,626$2,887
9 years$4,402$4,021$3,671$3,349$3,054$2,352
10 years$3,922$3,545$3,201$2,887$2,602$1,938
11 years$3,529$3,156$2,818$2,512$2,238$1,610
12 years$3,202$2,832$2,501$2,204$1,939$1,346
13 years$2,925$2,560$2,234$1,946$1,691$1,132
14 years$2,688$2,327$2,007$1,727$1,482$956
15 years$2,483$2,125$1,812$1,540$1,305$810
16 years$2,304$1,950$1,643$1,379$1,153$689
17 years$2,146$1,796$1,495$1,239$1,023$588
18 years$2,005$1,660$1,365$1,117$909$502
19 years$1,880$1,538$1,250$1,009$811$430
20 years$1,767$1,429$1,147$914$724$368
21 years$1,665$1,331$1,055$829$648$316
22 years$1,573$1,243$972$754$581$272
23 years$1,489$1,162$898$687$521$234
24 years$1,412$1,089$830$626$469$201
25 years$1,341$1,022$769$572$422$173
26 years$1,275$960$713$523$380$149
27 years$1,215$904$662$479$342$129
28 years$1,159$852$616$439$309$111
29 years$1,107$804$573$402$279$96
30 years$1,058$759$534$369$252$83
31 years$1,013$717$497$339$228$71
32 years$971$679$464$312$206$62
33 years$931$643$433$287$187$53
34 years$894$609$405$264$169$46
35 years$859$578$379$243$153$40
36 years$826$548$354$224$139$34
37 years$795$521$331$206$126$30
38 years$765$495$310$190$114$26
39 years$737$471$291$175$103$22
40 years$711$448$273$161$94$19
41 years$686$426$256$149$85$17
42 years$662$406$240$137$77$14
43 years$639$387$225$127$70$12
44 years$618$369$211$117$64$11
45 years$597$352$198$108$58$9
46 years$578$335$186$100$52$8
47 years$559$320$175$92$48$7
48 years$541$306$164$85$43$6
49 years$524$292$155$79$39$5
50 years$508$279$145$73$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $520,000, adding $4,342 every year, while hoping to spend $30,472 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: 50/39/11 Blend
57$520,000$520,000$520,000$520,000
58$577,519$549,959$541,899$604,482
59$604,004$544,485$527,630$617,936
60$632,169$537,721$511,863$628,971
61$662,153$529,573$494,513$640,264
62$694,110$519,939$475,496$651,849
63$728,205$508,711$454,721$663,763
64$764,621$495,778$432,094$676,050
65$803,559$481,018$407,516$688,761
66$845,239$464,304$380,885$701,952
67$889,901$445,503$352,092$715,689
68$937,810$424,472$321,026$730,048
69$989,256$401,060$287,569$745,112
70$1,044,556$375,108$251,599$760,979
71$1,104,060$346,448$212,987$777,757
72$1,168,153$314,902$171,600$795,571
73$1,237,254$280,282$127,298$814,558
74$1,311,826$242,388$79,936$834,877
75$1,392,379$201,012$29,360$856,705
76$1,479,471$155,931$0$880,240
77$1,573,716$106,910$0$908,595
78$1,675,789$53,703$0$942,999
79$1,786,432$0$0$980,302
80$1,906,462$0$0$1,022,539
81$2,036,777$0$0$1,093,463
82$2,178,362$0$0$1,170,569
83$2,332,305$0$0$1,254,456
84$2,499,801$0$0$1,345,781
85$2,682,163$0$0$1,445,267
86$2,880,839$0$0$1,553,710
87$3,097,421$0$0$1,671,987
88$3,333,660$0$0$1,801,062
89$3,591,485$0$0$1,941,997
90$3,873,018$0$0$2,095,959
91$4,180,597$0$0$2,264,235
92$4,516,794$0$0$2,448,242
93$4,884,440$0$0$2,649,540
94$5,286,655$0$0$2,869,844
95$5,726,872$0$0$3,111,045
96$6,208,871$0$0$3,375,227
97$6,736,817$0$0$3,664,680
98$7,315,295$0$0$3,981,932
99$7,949,355$0$0$4,329,761
100$8,644,557$0$0$4,711,232