Can I retire at age 58 with 525,000?

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 $525,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$43,354$42,968$42,591$42,223$41,864$41,531
2 years$21,462$21,063$20,675$20,300$19,935$19,599
3 years$14,166$13,765$13,378$13,006$12,648$12,319
4 years$10,519$10,118$9,736$9,370$9,021$8,702
5 years$8,331$7,933$7,556$7,197$6,857$6,550
6 years$6,873$6,478$6,106$5,756$5,426$5,131
7 years$5,832$5,440$5,074$4,732$4,413$4,129
8 years$5,051$4,663$4,303$3,970$3,661$3,389
9 years$4,444$4,060$3,706$3,381$3,083$2,823
10 years$3,959$3,579$3,231$2,915$2,627$2,378
11 years$3,563$3,186$2,845$2,537$2,259$2,022
12 years$3,232$2,860$2,525$2,225$1,958$1,731
13 years$2,953$2,584$2,256$1,964$1,707$1,492
14 years$2,714$2,349$2,027$1,744$1,496$1,292
15 years$2,507$2,146$1,830$1,555$1,318$1,123
16 years$2,326$1,969$1,659$1,392$1,165$980
17 years$2,166$1,813$1,510$1,251$1,033$858
18 years$2,025$1,675$1,378$1,127$918$753
19 years$1,898$1,553$1,262$1,019$818$662
20 years$1,784$1,443$1,158$923$731$583
21 years$1,681$1,344$1,065$837$654$515
22 years$1,588$1,255$982$761$586$455
23 years$1,503$1,173$906$693$526$403
24 years$1,425$1,099$838$632$473$357
25 years$1,354$1,032$776$578$426$316
26 years$1,288$970$720$528$383$281
27 years$1,227$913$669$483$346$249
28 years$1,170$860$622$443$312$222
29 years$1,118$811$578$406$282$197
30 years$1,069$766$539$373$255$175
31 years$1,023$724$502$342$230$156
32 years$980$685$469$315$208$139
33 years$940$649$438$289$188$124
34 years$903$615$409$266$171$110
35 years$867$583$382$245$154$98
36 years$834$554$358$226$140$88
37 years$802$526$335$208$127$78
38 years$773$500$313$192$115$70
39 years$744$475$294$177$104$62
40 years$718$452$275$163$95$56
41 years$692$430$258$150$86$50
42 years$668$410$242$139$78$44
43 years$646$391$227$128$71$40
44 years$624$372$213$118$64$35
45 years$603$355$200$109$58$32
46 years$583$339$188$101$53$28
47 years$564$323$177$93$48$25
48 years$546$309$166$86$44$22
49 years$529$295$156$80$40$20
50 years$513$281$147$74$36$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $525,000, adding $5,981 every year, while hoping to spend $42,353 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: 51/32/17 Blend
57$525,000$525,000$525,000$525,000
58$584,719$556,894$548,757$611,523
59$599,298$539,119$522,077$612,822
60$613,943$519,053$493,084$609,328
61$628,618$496,540$461,655$604,604
62$643,280$471,413$427,663$598,548
63$657,879$443,497$390,975$591,051
64$672,361$412,606$351,450$581,994
65$686,662$378,544$308,944$571,251
66$700,712$341,103$263,304$558,686
67$714,431$300,064$214,372$544,153
68$727,731$255,194$161,981$527,494
69$740,510$206,250$105,958$508,542
70$752,658$152,972$46,123$487,114
71$764,048$95,086$0$463,015
72$774,540$32,304$0$439,252
73$783,978$0$0$421,518
74$792,187$0$0$413,797
75$798,973$0$0$416,621
76$804,120$0$0$418,492
77$807,387$0$0$419,275
78$808,506$0$0$418,818
79$807,181$0$0$416,952
80$803,081$0$0$413,492
81$795,840$0$0$408,230
82$785,053$0$0$400,937
83$770,268$0$0$391,359
84$750,987$0$0$379,214
85$726,657$0$0$364,190
86$696,666$0$0$345,942
87$660,337$0$0$324,088
88$616,919$0$0$298,205
89$565,583$0$0$267,825
90$505,412$0$0$232,431
91$435,391$0$0$191,452
92$354,398$0$0$144,255
93$261,194$0$0$90,142
94$154,408$0$0$28,342
95$32,527$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0