Can I retire at age 58 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$43,189$42,804$42,429$42,062$41,705$40,829
2 years$21,381$20,982$20,597$20,222$19,859$18,982
3 years$14,112$13,712$13,327$12,957$12,600$11,747
4 years$10,479$10,080$9,699$9,335$8,986$8,165
5 years$8,299$7,903$7,527$7,170$6,831$6,044
6 years$6,847$6,453$6,083$5,734$5,405$4,652
7 years$5,809$5,419$5,055$4,714$4,396$3,678
8 years$5,032$4,645$4,287$3,954$3,647$2,964
9 years$4,428$4,045$3,692$3,368$3,071$2,422
10 years$3,944$3,565$3,219$2,904$2,617$2,001
11 years$3,549$3,174$2,834$2,527$2,251$1,668
12 years$3,220$2,849$2,515$2,216$1,950$1,399
13 years$2,942$2,574$2,247$1,957$1,701$1,180
14 years$2,704$2,340$2,019$1,737$1,491$1,000
15 years$2,497$2,138$1,823$1,549$1,313$851
16 years$2,317$1,961$1,653$1,387$1,160$726
17 years$2,158$1,806$1,504$1,246$1,029$621
18 years$2,017$1,669$1,373$1,123$915$533
19 years$1,891$1,547$1,257$1,015$815$458
20 years$1,778$1,437$1,153$919$728$394
21 years$1,675$1,339$1,061$834$652$339
22 years$1,582$1,250$978$758$584$293
23 years$1,497$1,169$903$691$524$253
24 years$1,420$1,095$835$630$471$218
25 years$1,348$1,028$773$575$424$189
26 years$1,283$966$717$526$382$163
27 years$1,222$909$666$482$344$142
28 years$1,166$857$619$441$311$123
29 years$1,113$808$576$405$281$106
30 years$1,065$763$537$371$254$92
31 years$1,019$721$500$341$229$80
32 years$977$683$467$313$207$69
33 years$937$646$436$288$188$60
34 years$899$613$407$265$170$52
35 years$864$581$381$244$154$45
36 years$831$552$356$225$139$39
37 years$799$524$333$207$126$34
38 years$770$498$312$191$115$30
39 years$742$473$292$176$104$26
40 years$715$450$274$162$94$22
41 years$690$429$257$150$85$19
42 years$666$408$241$138$78$17
43 years$643$389$226$128$70$15
44 years$621$371$212$118$64$13
45 years$601$354$199$109$58$11
46 years$581$337$187$101$53$10
47 years$562$322$176$93$48$8
48 years$544$307$165$86$43$7
49 years$527$294$155$79$39$6
50 years$511$280$146$73$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $523,000, adding $3,431 every year, while hoping to spend $23,492 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: 38/40/22 Blend
57$523,000$523,000$523,000$523,000
58$579,885$552,166$544,060$597,992
59$614,038$554,227$537,290$613,495
60$650,887$555,601$529,507$627,785
61$690,683$556,231$520,650$642,753
62$733,700$556,054$510,660$658,476
63$780,241$555,004$499,470$675,038
64$830,637$553,011$487,014$692,532
65$885,255$550,001$473,222$711,065
66$944,495$545,895$458,019$730,756
67$1,008,800$540,610$441,329$751,735
68$1,078,654$534,057$423,070$774,153
69$1,154,593$526,142$403,159$798,173
70$1,237,203$516,765$381,507$823,980
71$1,327,133$505,821$358,022$851,780
72$1,425,093$493,199$332,609$881,802
73$1,531,867$478,780$305,165$914,302
74$1,648,316$462,439$275,587$949,564
75$1,775,389$444,043$243,764$987,906
76$1,914,131$423,453$209,582$1,029,678
77$2,065,690$400,520$172,921$1,075,275
78$2,231,332$375,087$133,655$1,125,130
79$2,412,450$346,989$91,655$1,179,729
80$2,610,578$316,050$46,784$1,239,609
81$2,827,406$282,085$0$1,305,367
82$3,064,792$244,897$0$1,377,926
83$3,324,784$204,281$0$1,469,498
84$3,609,638$160,017$0$1,569,943
85$3,921,838$111,875$0$1,680,202
86$4,264,119$59,610$0$1,801,321
87$4,639,493$2,965$0$1,934,450
88$5,051,279$0$0$2,080,866
89$5,503,132$0$0$2,267,654
90$5,999,078$0$0$2,474,176
91$6,543,551$0$0$2,700,982
92$7,141,435$0$0$2,950,118
93$7,798,113$0$0$3,223,835
94$8,519,512$0$0$3,524,614
95$9,312,163$0$0$3,855,190
96$10,183,259$0$0$4,218,572
97$11,140,727$0$0$4,618,079
98$12,193,297$0$0$5,057,367
99$13,350,591$0$0$5,540,461
100$14,623,206$0$0$6,071,799