Can I retire at age 58 with 523,000?

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 $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%16.6%
1 years$43,189$42,804$42,429$42,062$41,705$40,581
2 years$21,381$20,982$20,597$20,222$19,859$18,736
3 years$14,112$13,712$13,327$12,957$12,600$11,511
4 years$10,479$10,080$9,699$9,335$8,986$7,940
5 years$8,299$7,903$7,527$7,170$6,831$5,831
6 years$6,847$6,453$6,083$5,734$5,405$4,452
7 years$5,809$5,419$5,055$4,714$4,396$3,490
8 years$5,032$4,645$4,287$3,954$3,647$2,788
9 years$4,428$4,045$3,692$3,368$3,071$2,258
10 years$3,944$3,565$3,219$2,904$2,617$1,848
11 years$3,549$3,174$2,834$2,527$2,251$1,525
12 years$3,220$2,849$2,515$2,216$1,950$1,267
13 years$2,942$2,574$2,247$1,957$1,701$1,059
14 years$2,704$2,340$2,019$1,737$1,491$888
15 years$2,497$2,138$1,823$1,549$1,313$748
16 years$2,317$1,961$1,653$1,387$1,160$631
17 years$2,158$1,806$1,504$1,246$1,029$534
18 years$2,017$1,669$1,373$1,123$915$453
19 years$1,891$1,547$1,257$1,015$815$385
20 years$1,778$1,437$1,153$919$728$327
21 years$1,675$1,339$1,061$834$652$279
22 years$1,582$1,250$978$758$584$238
23 years$1,497$1,169$903$691$524$203
24 years$1,420$1,095$835$630$471$173
25 years$1,348$1,028$773$575$424$148
26 years$1,283$966$717$526$382$127
27 years$1,222$909$666$482$344$108
28 years$1,166$857$619$441$311$93
29 years$1,113$808$576$405$281$79
30 years$1,065$763$537$371$254$68
31 years$1,019$721$500$341$229$58
32 years$977$683$467$313$207$50
33 years$937$646$436$288$188$43
34 years$899$613$407$265$170$37
35 years$864$581$381$244$154$31
36 years$831$552$356$225$139$27
37 years$799$524$333$207$126$23
38 years$770$498$312$191$115$20
39 years$742$473$292$176$104$17
40 years$715$450$274$162$94$15
41 years$690$429$257$150$85$12
42 years$666$408$241$138$78$11
43 years$643$389$226$128$70$9
44 years$621$371$212$118$64$8
45 years$601$354$199$109$58$7
46 years$581$337$187$101$53$6
47 years$562$322$176$93$48$5
48 years$544$307$165$86$43$4
49 years$527$294$155$79$39$4
50 years$511$280$146$73$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $523,000, adding $3,842 every year, while hoping to spend $25,144 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: 40/44/16 Blend
57$523,000$523,000$523,000$523,000
58$580,309$552,590$544,484$600,621
59$612,748$552,914$535,971$615,742
60$647,652$552,411$526,330$629,359
61$685,248$551,014$515,497$643,553
62$725,781$548,652$503,405$658,392
63$769,524$545,250$489,982$673,946
64$816,775$540,726$475,156$690,299
65$867,862$534,997$458,849$707,544
66$923,144$527,972$440,981$725,784
67$983,018$519,556$421,467$745,136
68$1,047,919$509,648$400,219$765,731
69$1,118,325$498,139$377,145$787,714
70$1,194,765$484,918$352,150$811,251
71$1,277,815$469,864$325,132$836,524
72$1,368,114$452,849$295,985$863,737
73$1,466,363$433,739$264,602$893,121
74$1,573,332$412,393$230,866$924,929
75$1,689,869$388,658$194,658$959,448
76$1,816,910$362,376$155,852$996,993
77$1,955,480$333,378$114,319$1,037,920
78$2,106,713$301,487$69,922$1,082,621
79$2,271,851$266,514$22,519$1,131,537
80$2,452,267$228,260$0$1,185,153
81$2,649,469$186,515$0$1,248,806
82$2,865,119$141,058$0$1,322,720
83$3,101,045$91,654$0$1,403,745
84$3,359,261$38,054$0$1,492,655
85$3,641,985$0$0$1,590,305
86$3,951,660$0$0$1,707,329
87$4,290,975$0$0$1,855,810
88$4,662,891$0$0$2,018,628
89$5,070,672$0$0$2,197,219
90$5,517,909$0$0$2,393,167
91$6,008,561$0$0$2,608,213
92$6,546,985$0$0$2,844,279
93$7,137,984$0$0$3,103,480
94$7,786,845$0$0$3,388,146
95$8,499,396$0$0$3,700,842
96$9,282,052$0$0$4,044,398
97$10,141,884$0$0$4,421,928
98$11,086,681$0$0$4,836,863
99$12,125,023$0$0$5,292,984
100$13,266,361$0$0$5,794,457