Can I retire at age 58 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$44,097$43,704$43,321$42,947$42,582$42,155
2 years$21,830$21,424$21,030$20,648$20,277$19,847
3 years$14,409$14,001$13,608$13,229$12,865$12,445
4 years$10,699$10,292$9,903$9,531$9,175$8,769
5 years$8,474$8,069$7,685$7,321$6,975$6,583
6 years$6,991$6,589$6,211$5,854$5,519$5,142
7 years$5,932$5,533$5,161$4,813$4,488$4,127
8 years$5,138$4,743$4,377$4,038$3,724$3,378
9 years$4,521$4,130$3,770$3,439$3,136$2,805
10 years$4,027$3,640$3,287$2,965$2,672$2,356
11 years$3,624$3,241$2,894$2,580$2,298$1,997
12 years$3,288$2,909$2,568$2,263$1,991$1,705
13 years$3,004$2,629$2,294$1,998$1,736$1,464
14 years$2,761$2,389$2,061$1,774$1,522$1,263
15 years$2,550$2,183$1,861$1,582$1,340$1,095
16 years$2,366$2,003$1,687$1,416$1,184$952
17 years$2,204$1,844$1,536$1,272$1,050$830
18 years$2,059$1,704$1,402$1,147$934$726
19 years$1,931$1,579$1,283$1,036$832$636
20 years$1,815$1,468$1,178$938$743$559
21 years$1,710$1,367$1,083$852$665$491
22 years$1,615$1,276$998$774$596$432
23 years$1,529$1,194$922$705$535$381
24 years$1,450$1,118$853$643$481$336
25 years$1,377$1,049$790$587$433$297
26 years$1,310$986$732$537$390$263
27 years$1,248$928$680$492$352$233
28 years$1,190$875$632$450$317$206
29 years$1,137$825$588$413$286$182
30 years$1,087$779$548$379$259$162
31 years$1,041$737$511$348$234$143
32 years$997$697$477$320$212$127
33 years$956$660$445$294$192$113
34 years$918$626$416$271$173$100
35 years$882$593$389$249$157$89
36 years$848$563$364$230$142$79
37 years$816$535$340$211$129$70
38 years$786$508$319$195$117$62
39 years$757$483$299$180$106$55
40 years$730$460$280$166$96$49
41 years$704$438$262$153$87$44
42 years$680$417$246$141$79$39
43 years$657$397$231$130$72$35
44 years$634$379$217$120$65$31
45 years$613$361$204$111$59$27
46 years$593$344$191$103$54$24
47 years$574$329$180$95$49$22
48 years$556$314$169$88$44$19
49 years$538$300$159$81$40$17
50 years$521$286$149$75$37$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $534,000, adding $5,232 every year, while hoping to spend $21,090 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: 65/29/6 Blend
57$534,000$534,000$534,000$534,000
58$593,865$565,563$557,286$631,547
59$631,999$570,836$553,515$662,530
60$673,317$575,660$548,912$693,367
61$718,120$579,992$543,425$726,496
62$766,740$583,784$537,002$762,141
63$819,544$586,986$529,588$800,543
64$876,934$589,545$521,125$841,971
65$939,353$591,403$511,554$886,721
66$1,007,286$592,502$500,811$935,120
67$1,081,271$592,776$488,829$987,528
68$1,161,896$592,157$475,540$1,044,342
69$1,249,810$590,574$460,872$1,106,001
70$1,345,728$587,949$444,748$1,172,988
71$1,450,435$584,201$427,090$1,245,837
72$1,564,796$579,245$407,815$1,325,136
73$1,689,765$572,987$386,836$1,411,533
74$1,826,390$565,332$364,064$1,505,747
75$1,975,824$556,176$339,403$1,608,565
76$2,139,340$545,410$312,754$1,720,860
77$2,318,337$532,920$284,016$1,843,592
78$2,514,356$518,581$253,079$1,977,822
79$2,729,095$502,267$219,832$2,124,720
80$2,964,423$483,838$184,157$2,285,576
81$3,222,399$463,151$145,931$2,461,812
82$3,505,289$440,051$105,025$2,654,998
83$3,815,593$414,377$61,307$2,866,866
84$4,156,059$385,957$14,637$3,099,325
85$4,529,717$354,610$0$3,354,481
86$4,939,906$320,144$0$3,636,909
87$5,390,301$282,356$0$3,948,065
88$5,884,952$241,031$0$4,289,847
89$6,428,320$195,944$0$4,665,381
90$7,025,319$146,856$0$5,078,115
91$7,681,364$93,514$0$5,531,850
92$8,402,417$35,650$0$6,030,777
93$9,195,052$0$0$6,579,518
94$10,066,505$0$0$7,191,788
95$11,024,755$0$0$7,877,589
96$12,078,587$0$0$8,631,836
97$13,237,683$0$0$9,461,465
98$14,512,710$0$0$10,374,115
99$15,915,420$0$0$11,378,204
100$17,458,762$0$0$12,483,007