Can I retire at age 58 with 535,000?

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 $535,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$44,180$43,786$43,402$43,028$42,662$41,462
2 years$21,871$21,464$21,069$20,686$20,315$19,116
3 years$14,436$14,027$13,633$13,254$12,889$11,727
4 years$10,719$10,311$9,921$9,549$9,192$8,077
5 years$8,490$8,084$7,699$7,334$6,988$5,923
6 years$7,004$6,601$6,222$5,865$5,529$4,515
7 years$5,943$5,544$5,171$4,822$4,497$3,533
8 years$5,147$4,752$4,385$4,045$3,731$2,817
9 years$4,529$4,137$3,777$3,446$3,142$2,277
10 years$4,035$3,647$3,293$2,970$2,677$1,861
11 years$3,631$3,247$2,899$2,585$2,302$1,533
12 years$3,294$2,914$2,573$2,267$1,995$1,271
13 years$3,009$2,633$2,299$2,002$1,740$1,060
14 years$2,766$2,394$2,065$1,777$1,525$887
15 years$2,555$2,187$1,865$1,585$1,343$745
16 years$2,370$2,006$1,691$1,419$1,187$628
17 years$2,208$1,848$1,538$1,275$1,052$530
18 years$2,063$1,707$1,404$1,149$936$449
19 years$1,934$1,582$1,286$1,038$834$380
20 years$1,818$1,470$1,180$940$745$323
21 years$1,714$1,370$1,085$853$667$274
22 years$1,618$1,279$1,000$776$597$233
23 years$1,532$1,196$924$707$536$199
24 years$1,452$1,120$854$644$482$169
25 years$1,379$1,051$791$589$434$144
26 years$1,312$988$734$538$391$123
27 years$1,250$930$681$493$352$105
28 years$1,192$876$633$451$318$90
29 years$1,139$827$589$414$287$76
30 years$1,089$781$549$380$259$65
31 years$1,042$738$512$349$234$56
32 years$999$698$478$321$212$48
33 years$958$661$446$295$192$41
34 years$920$627$417$271$174$35
35 years$884$595$389$250$157$30
36 years$850$564$364$230$143$25
37 years$818$536$341$212$129$22
38 years$787$509$319$195$117$19
39 years$759$484$299$180$106$16
40 years$731$461$280$166$96$14
41 years$706$439$263$153$87$12
42 years$681$418$247$141$79$10
43 years$658$398$231$131$72$9
44 years$636$379$217$121$65$7
45 years$615$362$204$111$59$6
46 years$594$345$192$103$54$5
47 years$575$329$180$95$49$5
48 years$557$314$169$88$44$4
49 years$539$300$159$81$40$3
50 years$522$287$149$75$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $535,000, adding $6,307 every year, while hoping to spend $35,447 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: 82/9/9 Blend
57$535,000$535,000$535,000$535,000
58$596,076$567,721$559,428$643,679
59$619,160$557,824$540,454$665,867
60$643,411$546,254$519,656$684,862
61$668,910$532,891$496,935$704,641
62$695,746$517,610$472,190$725,262
63$724,015$500,276$445,311$746,789
64$753,823$480,748$416,187$769,295
65$785,284$458,876$384,701$792,857
66$818,523$434,501$350,728$817,562
67$853,676$407,455$314,141$843,506
68$890,893$377,561$274,806$870,793
69$930,335$344,633$232,583$899,541
70$972,179$308,470$187,325$929,878
71$1,016,621$268,865$138,880$961,944
72$1,063,873$225,596$87,089$995,897
73$1,114,166$178,428$31,784$1,031,908
74$1,167,755$127,115$0$1,070,169
75$1,224,918$71,396$0$1,113,504
76$1,285,960$10,995$0$1,162,959
77$1,351,216$0$0$1,215,751
78$1,421,052$0$0$1,277,568
79$1,495,870$0$0$1,344,970
80$1,576,109$0$0$1,417,265
81$1,662,255$0$0$1,494,890
82$1,754,837$0$0$1,578,324
83$1,854,438$0$0$1,668,094
84$1,961,697$0$0$1,764,777
85$2,077,317$0$0$1,869,007
86$2,202,070$0$0$1,981,482
87$2,336,802$0$0$2,102,967
88$2,482,446$0$0$2,234,304
89$2,640,026$0$0$2,376,418
90$2,810,666$0$0$2,530,325
91$2,995,604$0$0$2,697,143
92$3,196,201$0$0$2,878,101
93$3,413,952$0$0$3,074,552
94$3,650,504$0$0$3,287,981
95$3,907,667$0$0$3,520,024
96$4,187,432$0$0$3,772,481
97$4,491,990$0$0$4,047,332
98$4,823,752$0$0$4,346,753
99$5,185,372$0$0$4,673,144
100$5,579,769$0$0$5,029,141