Can I retire at age 58 with 536,000?

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 $536,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$44,262$43,868$43,483$43,108$42,741$42,172
2 years$21,912$21,504$21,108$20,725$20,353$19,781
3 years$14,463$14,053$13,659$13,279$12,913$12,355
4 years$10,739$10,331$9,940$9,567$9,210$8,670
5 years$8,505$8,099$7,714$7,348$7,001$6,482
6 years$7,017$6,614$6,234$5,876$5,540$5,042
7 years$5,954$5,554$5,180$4,831$4,505$4,028
8 years$5,157$4,761$4,393$4,053$3,737$3,282
9 years$4,538$4,145$3,784$3,452$3,147$2,713
10 years$4,042$3,654$3,299$2,976$2,682$2,267
11 years$3,637$3,253$2,904$2,590$2,306$1,912
12 years$3,300$2,920$2,578$2,272$1,999$1,624
13 years$3,015$2,638$2,303$2,005$1,743$1,388
14 years$2,771$2,398$2,069$1,780$1,528$1,191
15 years$2,559$2,191$1,868$1,588$1,345$1,027
16 years$2,375$2,010$1,694$1,422$1,189$888
17 years$2,212$1,851$1,541$1,277$1,054$770
18 years$2,067$1,711$1,407$1,151$937$669
19 years$1,938$1,585$1,288$1,040$835$583
20 years$1,822$1,473$1,182$942$746$509
21 years$1,717$1,372$1,087$855$668$445
22 years$1,621$1,281$1,002$777$599$389
23 years$1,534$1,198$925$708$537$341
24 years$1,455$1,122$856$646$483$299
25 years$1,382$1,053$793$590$435$263
26 years$1,315$990$735$539$391$231
27 years$1,252$932$683$494$353$203
28 years$1,195$878$635$452$318$178
29 years$1,141$828$590$415$288$157
30 years$1,091$782$550$381$260$138
31 years$1,044$739$513$349$235$122
32 years$1,001$700$478$321$212$107
33 years$960$663$447$295$192$95
34 years$921$628$417$272$174$83
35 years$885$596$390$250$158$74
36 years$851$565$365$230$143$65
37 years$819$537$342$212$130$57
38 years$789$510$320$196$117$51
39 years$760$485$300$180$106$45
40 years$733$462$281$166$97$39
41 years$707$439$263$154$88$35
42 years$682$419$247$142$79$31
43 years$659$399$232$131$72$27
44 years$637$380$218$121$65$24
45 years$616$362$204$112$59$21
46 years$595$346$192$103$54$19
47 years$576$330$180$95$49$16
48 years$558$315$169$88$45$15
49 years$540$301$159$81$40$13
50 years$523$287$150$75$37$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $536,000, adding $4,943 every year, while hoping to spend $22,326 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: 52/19/29 Blend
57$536,000$536,000$536,000$536,000
58$595,771$567,363$559,055$621,671
59$632,785$571,409$554,028$644,261
60$672,826$574,905$548,085$666,176
61$716,179$577,800$541,171$689,579
62$763,158$580,042$533,230$714,624
63$814,108$581,571$524,201$741,478
64$869,408$582,329$514,022$770,329
65$929,475$582,250$502,629$801,382
66$994,767$581,266$489,952$834,866
67$1,065,789$579,304$475,922$871,035
68$1,143,096$576,287$460,462$910,170
69$1,227,300$572,133$443,495$952,580
70$1,319,072$566,754$424,940$998,609
71$1,419,152$560,060$404,710$1,048,638
72$1,528,354$551,952$382,717$1,103,086
73$1,647,576$542,327$358,867$1,162,419
74$1,777,803$531,076$333,064$1,227,151
75$1,920,121$518,081$305,204$1,297,851
76$2,075,727$503,221$275,182$1,375,148
77$2,245,938$486,364$242,886$1,459,738
78$2,432,201$467,374$208,201$1,552,388
79$2,636,115$446,105$171,005$1,653,949
80$2,859,437$422,402$131,172$1,765,358
81$3,104,102$396,103$88,569$1,887,654
82$3,372,243$367,034$43,058$2,021,983
83$3,666,207$335,014$0$2,169,609
84$3,988,580$299,850$0$2,333,637
85$4,342,211$261,338$0$2,528,236
86$4,730,236$219,263$0$2,741,822
87$5,156,111$173,397$0$2,976,330
88$5,623,641$123,501$0$3,233,894
89$6,137,021$69,321$0$3,516,863
90$6,700,868$10,589$0$3,827,832
91$7,320,270$0$0$4,169,659
92$8,000,833$0$0$4,556,573
93$8,748,731$0$0$4,984,259
94$9,570,766$0$0$5,454,401
95$10,474,433$0$0$5,971,293
96$11,467,989$0$0$6,539,665
97$12,560,531$0$0$7,164,728
98$13,762,080$0$0$7,852,226
99$15,083,679$0$0$8,608,484
100$16,537,494$0$0$9,440,473