Can I retire at age 58 with 533,000?

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 $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%19.2%
1 years$44,015$43,623$43,240$42,867$42,502$40,929
2 years$21,789$21,384$20,990$20,609$20,239$18,672
3 years$14,382$13,974$13,582$13,204$12,841$11,329
4 years$10,679$10,273$9,884$9,513$9,158$7,713
5 years$8,458$8,054$7,671$7,307$6,962$5,587
6 years$6,977$6,577$6,199$5,843$5,509$4,206
7 years$5,920$5,523$5,151$4,804$4,480$3,248
8 years$5,128$4,734$4,369$4,030$3,717$2,555
9 years$4,512$4,122$3,763$3,433$3,130$2,037
10 years$4,020$3,633$3,281$2,959$2,667$1,640
11 years$3,617$3,235$2,888$2,575$2,294$1,331
12 years$3,282$2,903$2,563$2,259$1,988$1,087
13 years$2,998$2,624$2,290$1,994$1,733$892
14 years$2,755$2,385$2,058$1,770$1,519$735
15 years$2,545$2,179$1,858$1,579$1,338$607
16 years$2,361$1,999$1,684$1,414$1,182$503
17 years$2,199$1,841$1,533$1,270$1,048$418
18 years$2,056$1,701$1,399$1,145$932$348
19 years$1,927$1,576$1,281$1,034$831$290
20 years$1,811$1,465$1,175$937$742$242
21 years$1,707$1,365$1,081$850$664$202
22 years$1,612$1,274$996$773$595$168
23 years$1,526$1,191$920$704$534$141
24 years$1,447$1,116$851$642$480$118
25 years$1,374$1,047$788$586$432$99
26 years$1,307$984$731$536$389$83
27 years$1,245$926$679$491$351$69
28 years$1,188$873$631$450$317$58
29 years$1,135$824$587$412$286$49
30 years$1,085$778$547$378$258$41
31 years$1,039$735$510$348$234$34
32 years$995$696$476$319$211$29
33 years$955$659$444$294$191$24
34 years$916$624$415$270$173$20
35 years$880$592$388$249$157$17
36 years$847$562$363$229$142$14
37 years$815$534$340$211$129$12
38 years$784$507$318$195$117$10
39 years$756$483$298$179$106$8
40 years$729$459$279$165$96$7
41 years$703$437$262$153$87$6
42 years$679$416$246$141$79$5
43 years$655$397$231$130$72$4
44 years$633$378$216$120$65$3
45 years$612$360$203$111$59$3
46 years$592$344$191$102$54$2
47 years$573$328$179$95$49$2
48 years$555$313$169$87$44$2
49 years$537$299$158$81$40$1
50 years$520$286$149$75$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $533,000, adding $4,469 every year, while hoping to spend $42,487 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: 27/50/23 Blend
57$533,000$533,000$533,000$533,000
58$591,976$563,727$555,465$603,573
59$607,151$546,144$528,868$595,519
60$622,451$526,275$499,955$582,863
61$637,842$503,964$468,605$568,376
62$653,289$479,044$434,689$551,930
63$668,747$451,341$398,075$533,389
64$684,171$420,668$358,621$512,608
65$699,505$386,829$316,184$489,434
66$714,688$349,617$270,609$463,703
67$729,650$308,812$221,739$435,242
68$744,313$264,183$169,406$403,866
69$758,590$215,484$113,437$369,380
70$772,381$162,458$53,652$331,576
71$785,575$104,830$0$290,232
72$798,050$42,313$0$247,605
73$809,666$0$0$215,167
74$820,268$0$0$193,497
75$829,684$0$0$194,706
76$837,722$0$0$195,455
77$844,167$0$0$195,678
78$848,782$0$0$195,302
79$851,299$0$0$194,248
80$851,426$0$0$192,426
81$848,834$0$0$189,736
82$843,161$0$0$186,069
83$834,003$0$0$181,303
84$820,913$0$0$175,303
85$803,397$0$0$167,919
86$780,904$0$0$158,986
87$752,827$0$0$148,321
88$718,493$0$0$135,721
89$677,156$0$0$120,963
90$627,992$0$0$103,799
91$570,090$0$0$83,954
92$502,439$0$0$61,127
93$423,926$0$0$34,982
94$333,317$0$0$5,151
95$229,249$0$0$0
96$110,217$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0