Can I retire at age 58 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$43,437$43,050$42,672$42,304$41,944$41,680
2 years$21,503$21,103$20,715$20,338$19,973$19,707
3 years$14,193$13,791$13,404$13,031$12,672$12,411
4 years$10,539$10,138$9,755$9,388$9,038$8,785
5 years$8,347$7,948$7,570$7,211$6,870$6,626
6 years$6,886$6,490$6,118$5,767$5,436$5,201
7 years$5,843$5,451$5,084$4,741$4,421$4,195
8 years$5,061$4,672$4,311$3,977$3,668$3,451
9 years$4,453$4,068$3,713$3,388$3,089$2,881
10 years$3,967$3,586$3,237$2,920$2,632$2,433
11 years$3,570$3,192$2,850$2,541$2,263$2,074
12 years$3,239$2,865$2,529$2,229$1,961$1,780
13 years$2,959$2,589$2,260$1,968$1,710$1,538
14 years$2,719$2,353$2,031$1,747$1,499$1,335
15 years$2,512$2,150$1,833$1,558$1,320$1,164
16 years$2,330$1,973$1,662$1,395$1,167$1,018
17 years$2,171$1,817$1,513$1,253$1,035$894
18 years$2,029$1,679$1,381$1,130$920$786
19 years$1,902$1,556$1,264$1,021$820$694
20 years$1,788$1,446$1,160$924$732$613
21 years$1,685$1,347$1,067$839$655$543
22 years$1,591$1,257$983$763$587$481
23 years$1,506$1,176$908$695$527$427
24 years$1,428$1,102$840$634$474$379
25 years$1,356$1,034$778$579$426$338
26 years$1,290$972$721$529$384$301
27 years$1,229$914$670$484$346$268
28 years$1,172$862$623$444$313$239
29 years$1,120$813$579$407$282$213
30 years$1,071$768$540$373$255$190
31 years$1,025$726$503$343$231$170
32 years$982$687$469$315$209$152
33 years$942$650$438$290$189$136
34 years$904$616$410$267$171$121
35 years$869$584$383$245$155$109
36 years$835$555$358$226$140$97
37 years$804$527$335$208$127$87
38 years$774$501$314$192$115$78
39 years$746$476$294$177$104$70
40 years$719$453$276$163$95$62
41 years$694$431$259$151$86$56
42 years$670$411$243$139$78$50
43 years$647$391$228$128$71$45
44 years$625$373$214$119$64$40
45 years$604$356$201$109$58$36
46 years$584$339$188$101$53$32
47 years$565$324$177$93$48$29
48 years$547$309$166$86$44$26
49 years$530$295$156$80$40$23
50 years$514$282$147$74$36$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $526,000, adding $3,797 every year, while hoping to spend $38,118 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: 35/50/15 Blend
57$526,000$526,000$526,000$526,000
58$583,569$555,691$547,538$601,169
59$602,535$542,362$525,323$600,950
60$622,159$527,103$501,086$596,842
61$642,467$509,779$474,720$591,586
62$663,486$490,246$446,111$585,102
63$685,248$468,354$415,142$577,304
64$707,783$443,943$381,689$568,100
65$731,125$416,844$345,623$557,396
66$755,308$386,878$306,811$545,090
67$780,372$353,857$265,111$531,076
68$806,354$317,580$220,376$515,242
69$833,297$277,837$172,454$497,470
70$861,247$234,404$121,185$477,636
71$890,251$187,047$66,401$455,607
72$920,359$135,515$7,928$431,248
73$951,626$79,546$0$404,412
74$984,111$18,862$0$383,665
75$1,017,875$0$0$362,050
76$1,052,984$0$0$363,925
77$1,089,509$0$0$376,683
78$1,127,528$0$0$389,975
79$1,167,122$0$0$403,832
80$1,208,379$0$0$418,285
81$1,251,393$0$0$433,371
82$1,296,267$0$0$449,126
83$1,343,112$0$0$465,592
84$1,392,045$0$0$482,814
85$1,443,195$0$0$500,839
86$1,496,702$0$0$519,718
87$1,552,714$0$0$539,509
88$1,611,395$0$0$560,272
89$1,672,922$0$0$582,074
90$1,737,484$0$0$604,985
91$1,805,291$0$0$629,086
92$1,876,567$0$0$654,460
93$1,951,558$0$0$681,200
94$2,030,531$0$0$709,407
95$2,113,777$0$0$739,191
96$2,201,612$0$0$770,672
97$2,294,381$0$0$803,981
98$2,392,461$0$0$839,260
99$2,496,263$0$0$876,666
100$2,606,236$0$0$916,369