Can I retire at age 58 with 521,000?

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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$43,024$42,640$42,267$41,902$41,545$40,312
2 years$21,299$20,902$20,518$20,145$19,783$18,551
3 years$14,058$13,660$13,276$12,907$12,551$11,359
4 years$10,439$10,041$9,662$9,299$8,952$7,808
5 years$8,267$7,873$7,498$7,142$6,805$5,713
6 years$6,820$6,429$6,059$5,712$5,385$4,346
7 years$5,787$5,399$5,035$4,696$4,379$3,393
8 years$5,013$4,628$4,270$3,939$3,633$2,699
9 years$4,411$4,029$3,678$3,355$3,059$2,177
10 years$3,929$3,552$3,207$2,892$2,607$1,774
11 years$3,536$3,162$2,823$2,517$2,242$1,458
12 years$3,208$2,838$2,505$2,208$1,943$1,205
13 years$2,931$2,565$2,238$1,949$1,694$1,002
14 years$2,693$2,331$2,011$1,730$1,485$837
15 years$2,488$2,130$1,816$1,543$1,308$701
16 years$2,308$1,954$1,646$1,382$1,156$589
17 years$2,150$1,799$1,498$1,242$1,025$496
18 years$2,009$1,663$1,368$1,119$911$418
19 years$1,884$1,541$1,252$1,011$812$353
20 years$1,771$1,432$1,149$916$725$299
21 years$1,669$1,334$1,057$831$649$253
22 years$1,576$1,245$974$756$582$215
23 years$1,492$1,164$899$688$522$182
24 years$1,414$1,091$832$628$469$155
25 years$1,343$1,024$770$573$422$132
26 years$1,278$962$714$524$381$112
27 years$1,217$906$663$480$343$95
28 years$1,161$853$617$440$310$81
29 years$1,109$805$574$403$280$69
30 years$1,061$760$535$370$253$59
31 years$1,015$719$498$340$228$50
32 years$973$680$465$312$207$43
33 years$933$644$434$287$187$36
34 years$896$610$406$264$169$31
35 years$861$579$379$243$153$26
36 years$827$550$355$224$139$22
37 years$796$522$332$206$126$19
38 years$767$496$311$190$114$16
39 years$739$472$291$175$103$14
40 years$712$449$273$162$94$12
41 years$687$427$256$149$85$10
42 years$663$407$240$138$77$9
43 years$641$388$225$127$70$7
44 years$619$369$212$117$64$6
45 years$598$352$199$108$58$5
46 years$579$336$187$100$52$5
47 years$560$321$175$93$48$4
48 years$542$306$165$85$43$3
49 years$525$292$155$79$39$3
50 years$509$279$146$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $521,000, adding $6,261 every year, while hoping to spend $38,547 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: 48/24/28 Blend
57$521,000$521,000$521,000$521,000
58$580,600$552,987$544,912$603,568
59$598,808$539,070$522,153$606,437
60$617,580$523,179$497,339$605,276
61$636,935$505,176$470,362$603,269
62$656,890$484,917$441,106$600,354
63$677,462$462,247$409,452$596,468
64$698,670$437,004$375,275$591,543
65$720,532$409,015$338,445$585,509
66$743,068$378,099$298,825$578,290
67$766,298$344,062$256,272$569,807
68$790,241$306,702$210,638$559,976
69$814,919$265,803$161,768$548,711
70$840,352$221,139$109,498$535,917
71$866,562$172,469$53,661$521,497
72$893,571$119,540$0$505,347
73$921,401$62,083$0$489,131
74$950,076$0$0$488,185
75$979,618$0$0$486,447
76$1,010,052$0$0$501,546
77$1,041,401$0$0$517,097
78$1,073,690$0$0$533,113
79$1,106,943$0$0$549,606
80$1,141,186$0$0$566,587
81$1,176,444$0$0$584,070
82$1,212,742$0$0$602,066
83$1,250,106$0$0$620,588
84$1,288,561$0$0$639,649
85$1,328,134$0$0$659,260
86$1,368,850$0$0$679,434
87$1,410,733$0$0$700,183
88$1,453,811$0$0$721,518
89$1,498,106$0$0$743,453
90$1,543,643$0$0$765,997
91$1,590,447$0$0$789,163
92$1,638,539$0$0$812,960
93$1,687,941$0$0$837,398
94$1,738,673$0$0$862,487
95$1,790,755$0$0$888,234
96$1,844,204$0$0$914,648
97$1,899,034$0$0$941,734
98$1,955,259$0$0$969,497
99$2,012,888$0$0$997,941
100$2,071,929$0$0$1,027,066