Can I retire at age 58 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$43,271$42,886$42,510$42,143$41,784$40,991
2 years$21,422$21,023$20,636$20,261$19,897$19,101
3 years$14,139$13,738$13,353$12,981$12,624$11,849
4 years$10,499$10,099$9,717$9,352$9,003$8,257
5 years$8,315$7,918$7,541$7,184$6,844$6,128
6 years$6,860$6,466$6,094$5,745$5,416$4,730
7 years$5,821$5,430$5,064$4,723$4,404$3,750
8 years$5,042$4,654$4,295$3,962$3,654$3,030
9 years$4,436$4,052$3,699$3,375$3,077$2,484
10 years$3,952$3,572$3,225$2,909$2,622$2,059
11 years$3,556$3,180$2,839$2,532$2,255$1,721
12 years$3,226$2,854$2,520$2,221$1,954$1,449
13 years$2,948$2,579$2,251$1,961$1,704$1,226
14 years$2,709$2,345$2,023$1,740$1,494$1,043
15 years$2,502$2,142$1,826$1,552$1,315$890
16 years$2,322$1,965$1,656$1,390$1,162$762
17 years$2,162$1,810$1,507$1,249$1,031$655
18 years$2,021$1,672$1,375$1,125$916$563
19 years$1,894$1,550$1,259$1,017$817$486
20 years$1,781$1,440$1,156$921$730$420
21 years$1,678$1,341$1,063$836$653$363
22 years$1,585$1,252$980$760$585$314
23 years$1,500$1,171$905$692$525$272
24 years$1,422$1,097$837$631$472$236
25 years$1,351$1,030$775$576$425$205
26 years$1,285$968$719$527$383$178
27 years$1,224$911$667$482$345$155
28 years$1,168$858$620$442$311$135
29 years$1,115$810$577$405$281$117
30 years$1,067$765$538$372$254$102
31 years$1,021$723$501$342$230$89
32 years$978$684$468$314$208$77
33 years$938$648$437$289$188$67
34 years$901$614$408$266$170$59
35 years$866$582$381$245$154$51
36 years$832$553$357$225$140$45
37 years$801$525$334$208$127$39
38 years$771$499$313$191$115$34
39 years$743$474$293$176$104$30
40 years$716$451$275$163$94$26
41 years$691$430$258$150$86$22
42 years$667$409$242$139$78$20
43 years$644$390$227$128$71$17
44 years$623$372$213$118$64$15
45 years$602$354$200$109$58$13
46 years$582$338$188$101$53$11
47 years$563$323$176$93$48$10
48 years$545$308$166$86$44$9
49 years$528$294$156$79$40$8
50 years$512$281$146$73$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $524,000, adding $4,077 every year, while hoping to spend $23,584 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: 42/50/8 Blend
57$524,000$524,000$524,000$524,000
58$581,653$553,881$545,759$604,552
59$615,889$555,928$538,949$622,960
60$652,826$557,285$531,120$640,175
61$692,715$557,893$522,214$658,277
62$735,832$557,690$512,168$677,355
63$782,480$556,609$500,918$697,509
64$832,990$554,581$488,397$718,851
65$887,730$551,530$474,533$741,505
66$947,101$547,378$459,252$765,610
67$1,011,546$542,040$442,477$791,319
68$1,081,551$535,427$424,128$818,806
69$1,157,651$527,445$404,119$848,261
70$1,240,436$517,995$382,361$879,897
71$1,330,554$506,969$358,763$913,951
72$1,428,716$494,257$333,228$950,686
73$1,535,708$479,739$305,654$990,394
74$1,652,393$463,289$275,936$1,033,401
75$1,779,722$444,774$243,964$1,080,067
76$1,918,739$424,054$209,623$1,130,794
77$2,070,597$400,979$172,792$1,186,026
78$2,236,564$375,393$133,346$1,246,257
79$2,418,034$347,127$91,154$1,312,035
80$2,616,544$316,007$46,078$1,383,967
81$2,833,786$281,846$0$1,462,727
82$3,071,623$244,447$0$1,549,234
83$3,332,106$203,603$0$1,648,353
84$3,617,495$159,093$0$1,757,076
85$3,930,276$110,686$0$1,876,433
86$4,273,192$58,137$0$2,007,563
87$4,649,258$1,187$0$2,151,728
88$5,061,800$0$0$2,310,323
89$5,514,478$0$0$2,518,144
90$6,011,324$0$0$2,747,028
91$6,556,782$0$0$2,998,377
92$7,155,744$0$0$3,274,455
93$7,813,601$0$0$3,577,756
94$8,536,290$0$0$3,911,026
95$9,330,352$0$0$4,277,293
96$10,202,996$0$0$4,679,890
97$11,162,158$0$0$5,122,492
98$12,216,587$0$0$5,609,144
99$13,375,917$0$0$6,144,305
100$14,650,767$0$0$6,732,888