Can I retire at age 58 with 532,000?

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 $532,000?

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$43,932$43,541$43,159$42,786$42,422$40,868
2 years$21,749$21,343$20,951$20,570$20,201$18,653
3 years$14,355$13,948$13,557$13,180$12,816$11,323
4 years$10,659$10,253$9,866$9,495$9,141$7,713
5 years$8,442$8,039$7,656$7,293$6,949$5,590
6 years$6,964$6,564$6,187$5,832$5,498$4,210
7 years$5,909$5,513$5,142$4,795$4,472$3,253
8 years$5,119$4,725$4,361$4,023$3,710$2,561
9 years$4,504$4,114$3,756$3,426$3,124$2,042
10 years$4,012$3,627$3,274$2,954$2,662$1,646
11 years$3,610$3,229$2,883$2,570$2,289$1,337
12 years$3,276$2,898$2,558$2,255$1,984$1,092
13 years$2,993$2,619$2,286$1,990$1,730$897
14 years$2,750$2,380$2,054$1,767$1,516$740
15 years$2,540$2,174$1,854$1,576$1,335$612
16 years$2,357$1,995$1,681$1,411$1,180$507
17 years$2,195$1,837$1,530$1,268$1,046$421
18 years$2,052$1,698$1,396$1,142$930$351
19 years$1,923$1,574$1,278$1,032$829$292
20 years$1,808$1,462$1,173$935$741$244
21 years$1,704$1,362$1,079$849$663$204
22 years$1,609$1,271$995$772$594$171
23 years$1,523$1,189$918$703$533$143
24 years$1,444$1,114$849$641$479$119
25 years$1,372$1,045$787$585$431$100
26 years$1,305$983$730$535$389$84
27 years$1,243$925$677$490$350$70
28 years$1,186$871$630$449$316$59
29 years$1,132$822$586$412$285$49
30 years$1,083$776$546$378$258$41
31 years$1,037$734$509$347$233$35
32 years$993$694$475$319$211$29
33 years$953$658$443$293$191$24
34 years$915$623$414$270$173$21
35 years$879$591$387$248$157$17
36 years$845$561$362$229$142$14
37 years$813$533$339$211$129$12
38 years$783$506$318$194$117$10
39 years$754$482$298$179$106$9
40 years$727$458$279$165$96$7
41 years$702$436$261$152$87$6
42 years$677$415$245$141$79$5
43 years$654$396$230$130$72$4
44 years$632$377$216$120$65$4
45 years$611$360$203$111$59$3
46 years$591$343$191$102$54$3
47 years$572$328$179$94$49$2
48 years$554$313$168$87$44$2
49 years$536$299$158$81$40$1
50 years$519$285$149$75$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $532,000, adding $5,179 every year, while hoping to spend $30,104 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: 52/23/25 Blend
57$532,000$532,000$532,000$532,000
58$591,606$563,410$555,164$618,000
59$619,920$558,987$541,732$632,404
60$650,112$553,338$526,840$644,568
61$682,343$546,371$510,409$657,187
62$716,789$537,990$492,354$670,317
63$753,640$528,090$472,587$684,019
64$793,108$516,563$451,016$698,364
65$835,424$503,294$427,543$713,432
66$880,840$488,158$402,069$729,312
67$929,636$471,028$374,488$746,105
68$982,115$451,765$344,690$763,926
69$1,038,614$430,224$312,560$782,900
70$1,099,499$406,252$277,978$803,171
71$1,165,176$379,686$240,818$824,898
72$1,236,088$350,355$200,949$848,262
73$1,312,723$318,076$158,235$873,463
74$1,395,617$282,658$112,532$900,724
75$1,485,359$243,898$63,692$930,296
76$1,582,598$201,581$11,558$962,459
77$1,688,047$155,482$0$997,523
78$1,802,487$105,360$0$1,047,596
79$1,926,782$50,964$0$1,105,360
80$2,061,878$0$0$1,168,207
81$2,208,820$0$0$1,238,686
82$2,368,753$0$0$1,329,481
83$2,542,940$0$0$1,428,418
84$2,732,771$0$0$1,536,292
85$2,939,773$0$0$1,653,977
86$3,165,630$0$0$1,782,438
87$3,412,193$0$0$1,922,733
88$3,681,501$0$0$2,076,031
89$3,975,799$0$0$2,243,616
90$4,297,556$0$0$2,426,904
91$4,649,494$0$0$2,627,451
92$5,034,608$0$0$2,846,975
93$5,456,195$0$0$3,087,362
94$5,917,889$0$0$3,350,695
95$6,423,687$0$0$3,639,262
96$6,977,996$0$0$3,955,587
97$7,585,665$0$0$4,302,449
98$8,252,038$0$0$4,682,907
99$8,982,998$0$0$5,100,333
100$9,785,029$0$0$5,558,439