Can I retire at age 58 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$43,684$43,295$42,916$42,545$42,183$40,784
2 years$21,626$21,223$20,833$20,454$20,087$18,691
3 years$14,274$13,870$13,480$13,105$12,744$11,395
4 years$10,599$10,196$9,810$9,442$9,089$7,797
5 years$8,394$7,993$7,613$7,252$6,910$5,678
6 years$6,925$6,527$6,152$5,800$5,467$4,298
7 years$5,876$5,482$5,113$4,768$4,446$3,338
8 years$5,090$4,699$4,336$4,000$3,689$2,641
9 years$4,478$4,091$3,735$3,407$3,106$2,119
10 years$3,990$3,606$3,256$2,937$2,647$1,717
11 years$3,590$3,210$2,866$2,556$2,276$1,403
12 years$3,257$2,881$2,544$2,242$1,973$1,153
13 years$2,976$2,604$2,273$1,979$1,720$953
14 years$2,735$2,367$2,042$1,757$1,508$790
15 years$2,526$2,162$1,844$1,567$1,328$658
16 years$2,344$1,984$1,672$1,403$1,173$549
17 years$2,183$1,827$1,521$1,261$1,040$459
18 years$2,040$1,688$1,389$1,136$925$385
19 years$1,913$1,565$1,271$1,027$825$323
20 years$1,798$1,454$1,167$930$737$272
21 years$1,694$1,354$1,073$844$659$228
22 years$1,600$1,264$989$767$591$192
23 years$1,514$1,182$913$699$530$162
24 years$1,436$1,108$845$637$477$137
25 years$1,364$1,040$782$582$429$115
26 years$1,297$977$725$532$386$97
27 years$1,236$920$674$487$348$82
28 years$1,179$866$626$446$314$69
29 years$1,126$817$583$409$284$59
30 years$1,077$772$543$376$256$50
31 years$1,031$730$506$345$232$42
32 years$988$690$472$317$210$35
33 years$947$654$441$292$190$30
34 years$909$620$412$268$172$25
35 years$874$588$385$247$156$21
36 years$840$558$360$227$141$18
37 years$808$530$337$210$128$15
38 years$778$504$316$193$116$13
39 years$750$479$296$178$105$11
40 years$723$456$277$164$95$9
41 years$698$434$260$152$86$8
42 years$673$413$244$140$78$7
43 years$650$394$229$129$71$6
44 years$629$375$215$119$65$5
45 years$608$358$202$110$59$4
46 years$588$341$189$102$53$3
47 years$569$326$178$94$48$3
48 years$551$311$167$87$44$2
49 years$533$297$157$80$40$2
50 years$516$284$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $529,000, adding $3,665 every year, while hoping to spend $28,533 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: 43/27/30 Blend
57$529,000$529,000$529,000$529,000
58$586,738$558,701$550,502$606,702
59$616,227$555,719$538,585$618,428
60$647,767$551,634$525,312$628,166
61$681,537$546,362$510,609$638,182
62$717,735$539,815$494,395$648,522
63$756,575$531,897$476,588$659,234
64$798,295$522,509$457,103$670,375
65$843,153$511,544$435,848$682,011
66$891,435$498,890$412,729$694,215
67$943,453$484,427$387,647$707,071
68$999,551$468,030$360,500$720,675
69$1,060,108$449,566$331,178$735,135
70$1,125,537$428,893$299,571$750,571
71$1,196,294$405,862$265,560$767,122
72$1,272,882$380,314$229,021$784,943
73$1,355,850$352,084$189,828$804,207
74$1,445,805$320,994$147,845$825,109
75$1,543,412$286,858$102,933$847,870
76$1,649,405$249,479$54,946$872,736
77$1,764,588$208,647$3,731$899,982
78$1,889,850$164,144$0$929,916
79$2,026,163$115,736$0$979,185
80$2,174,603$63,178$0$1,034,207
81$2,336,349$6,211$0$1,094,272
82$2,512,701$0$0$1,159,917
83$2,705,090$0$0$1,248,210
84$2,915,089$0$0$1,346,661
85$3,144,432$0$0$1,454,245
86$3,395,026$0$0$1,571,864
87$3,668,971$0$0$1,700,514
88$3,968,579$0$0$1,841,287
89$4,296,397$0$0$1,995,390
90$4,655,228$0$0$2,164,149
91$5,048,157$0$0$2,349,027
92$5,478,586$0$0$2,551,633
93$5,950,258$0$0$2,773,739
94$6,467,294$0$0$3,017,298
95$7,034,237$0$0$3,284,459
96$7,656,088$0$0$3,577,593
97$8,338,354$0$0$3,899,307
98$9,087,104$0$0$4,252,474
99$9,909,022$0$0$4,640,261
100$10,811,468$0$0$5,066,155