Can I retire at age 58 with 527,000?

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 $527,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$43,519$43,132$42,753$42,384$42,024$40,484
2 years$21,544$21,143$20,754$20,377$20,011$18,478
3 years$14,220$13,817$13,429$13,056$12,696$11,216
4 years$10,559$10,157$9,773$9,406$9,055$7,640
5 years$8,363$7,963$7,584$7,225$6,883$5,537
6 years$6,899$6,503$6,129$5,778$5,447$4,170
7 years$5,854$5,461$5,093$4,750$4,430$3,223
8 years$5,070$4,681$4,320$3,985$3,675$2,536
9 years$4,461$4,076$3,720$3,394$3,095$2,023
10 years$3,974$3,592$3,244$2,926$2,637$1,630
11 years$3,576$3,198$2,856$2,546$2,268$1,324
12 years$3,245$2,870$2,534$2,233$1,965$1,082
13 years$2,964$2,594$2,264$1,972$1,714$889
14 years$2,724$2,358$2,034$1,750$1,502$733
15 years$2,517$2,154$1,837$1,561$1,323$606
16 years$2,335$1,976$1,665$1,398$1,169$502
17 years$2,175$1,820$1,515$1,256$1,036$418
18 years$2,032$1,682$1,383$1,132$922$348
19 years$1,905$1,559$1,266$1,023$821$290
20 years$1,791$1,448$1,162$926$734$242
21 years$1,688$1,349$1,069$841$657$202
22 years$1,594$1,259$985$764$589$169
23 years$1,509$1,178$910$696$528$141
24 years$1,431$1,104$841$635$475$118
25 years$1,359$1,036$779$580$427$99
26 years$1,292$973$723$530$385$83
27 years$1,231$916$671$485$347$70
28 years$1,175$863$624$445$313$58
29 years$1,122$814$581$408$283$49
30 years$1,073$769$541$374$255$41
31 years$1,027$727$504$344$231$34
32 years$984$688$470$316$209$29
33 years$944$651$439$290$189$24
34 years$906$617$410$267$171$20
35 years$870$586$384$246$155$17
36 years$837$556$359$227$140$14
37 years$805$528$336$209$127$12
38 years$776$502$315$192$115$10
39 years$747$477$295$177$105$8
40 years$720$454$276$164$95$7
41 years$695$432$259$151$86$6
42 years$671$411$243$139$78$5
43 years$648$392$228$129$71$4
44 years$626$374$214$119$64$4
45 years$605$356$201$110$58$3
46 years$585$340$189$101$53$2
47 years$567$324$177$94$48$2
48 years$548$310$167$86$44$2
49 years$531$296$157$80$40$1
50 years$515$283$147$74$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $527,000, adding $4,215 every year, while hoping to spend $28,123 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: 66/9/25 Blend
57$527,000$527,000$527,000$527,000
58$585,102$557,171$549,002$619,659
59$614,859$554,549$537,471$640,821
60$646,710$550,857$524,611$660,390
61$680,837$546,012$510,348$681,147
62$717,442$539,926$494,605$703,208
63$756,746$532,507$477,299$726,706
64$798,992$523,658$458,347$751,786
65$844,447$513,275$437,659$778,609
66$893,403$501,248$415,142$807,353
67$946,181$487,460$390,701$838,217
68$1,003,134$471,788$364,232$871,418
69$1,064,651$454,103$335,631$907,201
70$1,131,157$434,266$304,786$945,833
71$1,203,121$412,131$271,582$987,611
72$1,281,058$387,543$235,899$1,032,864
73$1,365,533$360,341$197,609$1,081,957
74$1,457,170$330,350$156,582$1,135,291
75$1,556,653$297,389$112,679$1,193,312
76$1,664,736$261,265$65,757$1,256,513
77$1,782,245$221,773$15,667$1,325,437
78$1,910,094$178,700$0$1,400,688
79$2,049,284$131,816$0$1,493,011
80$2,200,918$80,883$0$1,598,177
81$2,366,212$25,646$0$1,712,861
82$2,546,500$0$0$1,838,009
83$2,743,255$0$0$1,978,048
84$2,958,094$0$0$2,133,764
85$3,192,800$0$0$2,303,913
86$3,449,336$0$0$2,489,920
87$3,729,860$0$0$2,693,357
88$4,036,751$0$0$2,915,953
89$4,372,629$0$0$3,159,612
90$4,740,376$0$0$3,426,430
91$5,143,168$0$0$3,718,716
92$5,584,501$0$0$4,039,014
93$6,068,228$0$0$4,390,123
94$6,598,590$0$0$4,775,127
95$7,180,257$0$0$5,197,425
96$7,818,376$0$0$5,660,756
97$8,518,614$0$0$6,169,243
98$9,287,212$0$0$6,727,425
99$10,131,049$0$0$7,340,303
100$11,057,697$0$0$8,013,385