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%18.2%
1 years$42,941$42,559$42,185$41,821$41,466$40,090
2 years$21,258$20,862$20,478$20,106$19,745$18,373
3 years$14,031$13,634$13,251$12,882$12,527$11,201
4 years$10,419$10,022$9,643$9,281$8,935$7,665
5 years$8,251$7,857$7,484$7,129$6,792$5,582
6 years$6,807$6,416$6,048$5,701$5,374$4,225
7 years$5,776$5,388$5,026$4,687$4,371$3,282
8 years$5,003$4,619$4,262$3,932$3,626$2,596
9 years$4,402$4,021$3,671$3,349$3,054$2,083
10 years$3,922$3,545$3,201$2,887$2,602$1,688
11 years$3,529$3,156$2,818$2,512$2,238$1,379
12 years$3,202$2,832$2,501$2,204$1,939$1,133
13 years$2,925$2,560$2,234$1,946$1,691$937
14 years$2,688$2,327$2,007$1,727$1,482$777
15 years$2,483$2,125$1,812$1,540$1,305$647
16 years$2,304$1,950$1,643$1,379$1,153$540
17 years$2,146$1,796$1,495$1,239$1,023$452
18 years$2,005$1,660$1,365$1,117$909$378
19 years$1,880$1,538$1,250$1,009$811$318
20 years$1,767$1,429$1,147$914$724$267
21 years$1,665$1,331$1,055$829$648$225
22 years$1,573$1,243$972$754$581$189
23 years$1,489$1,162$898$687$521$159
24 years$1,412$1,089$830$626$469$134
25 years$1,341$1,022$769$572$422$113
26 years$1,275$960$713$523$380$96
27 years$1,215$904$662$479$342$81
28 years$1,159$852$616$439$309$68
29 years$1,107$804$573$402$279$58
30 years$1,058$759$534$369$252$49
31 years$1,013$717$497$339$228$41
32 years$971$679$464$312$206$35
33 years$931$643$433$287$187$29
34 years$894$609$405$264$169$25
35 years$859$578$379$243$153$21
36 years$826$548$354$224$139$18
37 years$795$521$331$206$126$15
38 years$765$495$310$190$114$13
39 years$737$471$291$175$103$11
40 years$711$448$273$161$94$9
41 years$686$426$256$149$85$8
42 years$662$406$240$137$77$7
43 years$639$387$225$127$70$6
44 years$618$369$211$117$64$5
45 years$597$352$198$108$58$4
46 years$578$335$186$100$52$3
47 years$559$320$175$92$48$3
48 years$541$306$164$85$43$2
49 years$524$292$155$79$39$2
50 years$508$279$145$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $520,000, adding $3,502 every year, while hoping to spend $21,291 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: 65/10/25 Blend
57$520,000$520,000$520,000$520,000
58$576,652$549,092$541,032$610,158
59$612,817$553,344$536,503$637,429
60$651,958$557,091$531,109$664,521
61$694,354$560,286$524,798$693,653
62$740,316$562,877$517,517$725,026
63$790,183$564,813$509,208$758,864
64$844,328$566,035$499,813$795,414
65$903,163$566,484$489,270$834,946
66$967,139$566,096$477,515$877,763
67$1,036,755$564,802$464,479$924,195
68$1,112,557$562,530$450,091$974,609
69$1,195,147$559,203$434,279$1,029,409
70$1,285,188$554,740$416,963$1,089,041
71$1,383,410$549,055$398,064$1,153,998
72$1,490,615$542,056$377,497$1,224,823
73$1,607,687$533,646$355,172$1,302,116
74$1,735,599$523,723$330,998$1,386,540
75$1,875,421$512,177$304,878$1,478,825
76$2,028,334$498,893$276,711$1,579,779
77$2,195,634$483,749$246,391$1,690,290
78$2,378,752$466,616$213,809$1,811,341
79$2,579,262$447,357$178,848$1,944,015
80$2,798,897$425,828$141,390$2,089,508
81$3,039,566$401,875$101,308$2,249,139
82$3,303,371$375,336$58,471$2,424,364
83$3,592,628$346,041$12,744$2,616,787
84$3,909,888$313,809$0$2,828,179
85$4,257,958$278,447$0$3,070,113
86$4,639,934$239,755$0$3,339,377
87$5,059,222$197,518$0$3,634,988
88$5,519,577$151,510$0$3,959,610
89$6,025,134$101,495$0$4,316,180
90$6,580,449$47,219$0$4,707,935
91$7,190,539$0$0$5,138,441
92$7,860,934$0$0$5,612,902
93$8,597,723$0$0$6,140,101
94$9,407,616$0$0$6,719,646
95$10,298,006$0$0$7,356,833
96$11,277,035$0$0$8,057,494
97$12,353,678$0$0$8,828,055
98$13,537,820$0$0$9,675,598
99$14,840,351$0$0$10,607,923
100$16,273,274$0$0$11,633,626