Can I retire at age 58 with 520,000?

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 $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%14.7%
1 years$42,941$42,559$42,185$41,821$41,466$40,662
2 years$21,258$20,862$20,478$20,106$19,745$18,939
3 years$14,031$13,634$13,251$12,882$12,527$11,743
4 years$10,419$10,022$9,643$9,281$8,935$8,179
5 years$8,251$7,857$7,484$7,129$6,792$6,067
6 years$6,807$6,416$6,048$5,701$5,374$4,680
7 years$5,776$5,388$5,026$4,687$4,371$3,708
8 years$5,003$4,619$4,262$3,932$3,626$2,995
9 years$4,402$4,021$3,671$3,349$3,054$2,454
10 years$3,922$3,545$3,201$2,887$2,602$2,032
11 years$3,529$3,156$2,818$2,512$2,238$1,698
12 years$3,202$2,832$2,501$2,204$1,939$1,428
13 years$2,925$2,560$2,234$1,946$1,691$1,208
14 years$2,688$2,327$2,007$1,727$1,482$1,027
15 years$2,483$2,125$1,812$1,540$1,305$876
16 years$2,304$1,950$1,643$1,379$1,153$750
17 years$2,146$1,796$1,495$1,239$1,023$643
18 years$2,005$1,660$1,365$1,117$909$553
19 years$1,880$1,538$1,250$1,009$811$477
20 years$1,767$1,429$1,147$914$724$411
21 years$1,665$1,331$1,055$829$648$355
22 years$1,573$1,243$972$754$581$308
23 years$1,489$1,162$898$687$521$266
24 years$1,412$1,089$830$626$469$231
25 years$1,341$1,022$769$572$422$200
26 years$1,275$960$713$523$380$174
27 years$1,215$904$662$479$342$151
28 years$1,159$852$616$439$309$131
29 years$1,107$804$573$402$279$114
30 years$1,058$759$534$369$252$99
31 years$1,013$717$497$339$228$86
32 years$971$679$464$312$206$75
33 years$931$643$433$287$187$65
34 years$894$609$405$264$169$57
35 years$859$578$379$243$153$50
36 years$826$548$354$224$139$43
37 years$795$521$331$206$126$38
38 years$765$495$310$190$114$33
39 years$737$471$291$175$103$29
40 years$711$448$273$161$94$25
41 years$686$426$256$149$85$22
42 years$662$406$240$137$77$19
43 years$639$387$225$127$70$16
44 years$618$369$211$117$64$14
45 years$597$352$198$108$58$13
46 years$578$335$186$100$52$11
47 years$559$320$175$92$48$9
48 years$541$306$164$85$43$8
49 years$524$292$155$79$39$7
50 years$508$279$145$73$36$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $520,000, adding $4,254 every year, while hoping to spend $31,984 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: 52/37/11 Blend
57$520,000$520,000$520,000$520,000
58$577,428$549,868$541,808$605,577
59$602,295$542,781$525,928$618,146
60$628,626$534,274$508,444$628,026
61$656,538$524,245$489,268$638,031
62$686,156$512,584$468,310$648,180
63$717,618$499,176$445,473$658,496
64$751,076$483,896$420,657$669,008
65$786,695$466,616$393,758$679,748
66$824,656$447,198$364,667$690,754
67$865,157$425,497$333,269$702,070
68$908,415$401,359$299,446$713,748
69$954,668$374,620$263,073$725,846
70$1,004,178$345,110$224,019$738,432
71$1,057,230$312,646$182,149$751,586
72$1,114,137$277,036$137,321$765,395
73$1,175,245$238,077$89,388$779,962
74$1,240,932$195,554$38,193$795,402
75$1,311,611$149,240$0$811,847
76$1,387,739$98,897$0$831,376
77$1,469,815$44,270$0$857,136
78$1,558,391$0$0$884,852
79$1,654,068$0$0$920,830
80$1,757,511$0$0$979,256
81$1,869,450$0$0$1,042,523
82$1,990,685$0$0$1,111,090
83$2,122,098$0$0$1,185,461
84$2,264,660$0$0$1,266,191
85$2,419,434$0$0$1,353,890
86$2,587,595$0$0$1,449,228
87$2,770,432$0$0$1,552,943
88$2,969,364$0$0$1,665,848
89$3,185,951$0$0$1,788,836
90$3,421,913$0$0$1,922,891
91$3,679,139$0$0$2,069,095
92$3,959,709$0$0$2,228,638
93$4,265,915$0$0$2,402,833
94$4,600,277$0$0$2,593,122
95$4,965,570$0$0$2,801,094
96$5,364,849$0$0$3,028,499
97$5,801,477$0$0$3,277,262
98$6,279,158$0$0$3,549,505
99$6,801,969$0$0$3,847,563
100$7,374,400$0$0$4,174,006