Can I retire at age 58 with 533,000?

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 $533,000?

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$44,015$43,623$43,240$42,867$42,502$42,164
2 years$21,789$21,384$20,990$20,609$20,239$19,898
3 years$14,382$13,974$13,582$13,204$12,841$12,507
4 years$10,679$10,273$9,884$9,513$9,158$8,835
5 years$8,458$8,054$7,671$7,307$6,962$6,650
6 years$6,977$6,577$6,199$5,843$5,509$5,209
7 years$5,920$5,523$5,151$4,804$4,480$4,192
8 years$5,128$4,734$4,369$4,030$3,717$3,441
9 years$4,512$4,122$3,763$3,433$3,130$2,866
10 years$4,020$3,633$3,281$2,959$2,667$2,414
11 years$3,617$3,235$2,888$2,575$2,294$2,053
12 years$3,282$2,903$2,563$2,259$1,988$1,758
13 years$2,998$2,624$2,290$1,994$1,733$1,514
14 years$2,755$2,385$2,058$1,770$1,519$1,311
15 years$2,545$2,179$1,858$1,579$1,338$1,140
16 years$2,361$1,999$1,684$1,414$1,182$995
17 years$2,199$1,841$1,533$1,270$1,048$871
18 years$2,056$1,701$1,399$1,145$932$764
19 years$1,927$1,576$1,281$1,034$831$672
20 years$1,811$1,465$1,175$937$742$592
21 years$1,707$1,365$1,081$850$664$522
22 years$1,612$1,274$996$773$595$462
23 years$1,526$1,191$920$704$534$409
24 years$1,447$1,116$851$642$480$362
25 years$1,374$1,047$788$586$432$321
26 years$1,307$984$731$536$389$285
27 years$1,245$926$679$491$351$253
28 years$1,188$873$631$450$317$225
29 years$1,135$824$587$412$286$200
30 years$1,085$778$547$378$258$178
31 years$1,039$735$510$348$234$159
32 years$995$696$476$319$211$141
33 years$955$659$444$294$191$126
34 years$916$624$415$270$173$112
35 years$880$592$388$249$157$100
36 years$847$562$363$229$142$89
37 years$815$534$340$211$129$80
38 years$784$507$318$195$117$71
39 years$756$483$298$179$106$63
40 years$729$459$279$165$96$57
41 years$703$437$262$153$87$50
42 years$679$416$246$141$79$45
43 years$655$397$231$130$72$40
44 years$633$378$216$120$65$36
45 years$612$360$203$111$59$32
46 years$592$344$191$102$54$29
47 years$573$328$179$95$49$26
48 years$555$313$169$87$44$23
49 years$537$299$158$81$40$20
50 years$520$286$149$75$37$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $533,000, adding $4,186 every year, while hoping to spend $30,737 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: 69/13/18 Blend
57$533,000$533,000$533,000$533,000
58$591,684$563,435$555,173$629,662
59$619,332$558,339$541,068$650,430
60$648,769$551,964$525,459$669,126
61$680,147$544,213$508,266$688,818
62$713,629$534,987$489,400$709,600
63$749,396$524,178$468,771$731,578
64$787,645$511,673$446,285$754,870
65$828,592$497,352$421,843$779,605
66$872,475$481,089$395,341$805,927
67$919,554$462,749$366,672$833,997
68$970,114$442,190$335,722$863,990
69$1,024,470$419,261$302,373$896,104
70$1,082,966$393,805$266,502$930,554
71$1,145,979$365,652$227,980$967,583
72$1,213,925$334,625$186,673$1,007,455
73$1,287,260$300,535$142,441$1,050,468
74$1,366,484$263,186$95,137$1,096,947
75$1,452,149$222,365$44,607$1,147,254
76$1,544,859$177,852$0$1,201,789
77$1,645,281$129,413$0$1,262,786
78$1,754,146$76,800$0$1,338,203
79$1,872,257$19,752$0$1,420,042
80$2,000,500$0$0$1,508,935
81$2,139,849$0$0$1,611,594
82$2,291,372$0$0$1,726,321
83$2,456,249$0$0$1,851,186
84$2,635,775$0$0$1,987,174
85$2,831,375$0$0$2,135,369
86$3,044,619$0$0$2,296,963
87$3,277,234$0$0$2,473,268
88$3,531,121$0$0$2,665,730
89$3,808,372$0$0$2,875,940
90$4,111,290$0$0$3,105,647
91$4,442,412$0$0$3,356,780
92$4,804,529$0$0$3,631,460
93$5,200,715$0$0$3,932,025
94$5,634,355$0$0$4,261,048
95$6,109,176$0$0$4,621,361
96$6,629,283$0$0$5,016,086
97$7,199,195$0$0$5,448,658
98$7,823,890$0$0$5,922,862
99$8,508,851$0$0$6,442,865
100$9,260,116$0$0$7,013,259