Can I retire at age 58 with 538,000?

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 $538,000?

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$44,428$44,032$43,646$43,269$42,901$42,330
2 years$21,994$21,584$21,187$20,802$20,429$19,854
3 years$14,517$14,106$13,710$13,328$12,961$12,401
4 years$10,779$10,369$9,977$9,602$9,244$8,703
5 years$8,537$8,129$7,743$7,375$7,027$6,506
6 years$7,043$6,638$6,257$5,898$5,560$5,060
7 years$5,976$5,575$5,200$4,849$4,522$4,043
8 years$5,176$4,779$4,410$4,068$3,751$3,294
9 years$4,555$4,161$3,798$3,465$3,159$2,723
10 years$4,057$3,667$3,311$2,987$2,692$2,276
11 years$3,651$3,265$2,915$2,599$2,315$1,919
12 years$3,312$2,930$2,587$2,280$2,006$1,630
13 years$3,026$2,648$2,311$2,013$1,749$1,393
14 years$2,781$2,407$2,077$1,787$1,534$1,196
15 years$2,569$2,199$1,875$1,594$1,350$1,030
16 years$2,384$2,018$1,700$1,427$1,193$891
17 years$2,220$1,858$1,547$1,282$1,058$773
18 years$2,075$1,717$1,412$1,155$941$672
19 years$1,945$1,591$1,293$1,044$839$585
20 years$1,828$1,479$1,186$946$749$511
21 years$1,723$1,377$1,091$858$670$447
22 years$1,627$1,286$1,006$780$601$391
23 years$1,540$1,202$929$711$539$342
24 years$1,460$1,127$859$648$485$300
25 years$1,387$1,057$796$592$436$264
26 years$1,319$994$738$541$393$232
27 years$1,257$935$685$495$354$204
28 years$1,199$881$637$454$320$179
29 years$1,145$831$593$416$289$158
30 years$1,095$785$552$382$261$139
31 years$1,048$742$515$351$236$122
32 years$1,005$702$480$322$213$108
33 years$963$665$448$296$193$95
34 years$925$630$419$273$175$84
35 years$889$598$392$251$158$74
36 years$854$567$366$231$143$65
37 years$822$539$343$213$130$57
38 years$792$512$321$196$118$51
39 years$763$487$301$181$107$45
40 years$736$463$282$167$97$39
41 years$710$441$264$154$88$35
42 years$685$420$248$142$80$31
43 years$662$400$233$131$72$27
44 years$639$382$218$121$66$24
45 years$618$364$205$112$60$21
46 years$598$347$193$103$54$19
47 years$578$331$181$96$49$17
48 years$560$316$170$88$45$15
49 years$542$302$160$82$41$13
50 years$525$288$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 $538,000, adding $6,465 every year, while hoping to spend $28,469 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: 32/49/19 Blend
57$538,000$538,000$538,000$538,000
58$599,545$571,031$562,692$615,012
59$630,407$568,720$551,251$624,790
60$663,464$565,343$538,473$632,262
61$698,908$560,815$524,283$639,709
62$736,952$555,051$508,602$647,147
63$777,830$547,957$491,348$654,594
64$821,797$539,435$472,437$662,072
65$869,134$529,381$451,777$669,611
66$920,151$517,686$429,277$677,244
67$975,185$504,231$404,837$685,011
68$1,034,610$488,895$378,355$692,961
69$1,098,836$471,546$349,725$701,149
70$1,168,311$452,045$318,834$709,642
71$1,243,530$430,247$285,567$718,515
72$1,325,037$405,997$249,801$727,857
73$1,413,431$379,130$211,409$737,769
74$1,509,367$349,474$170,257$748,368
75$1,613,570$316,845$126,208$759,789
76$1,726,834$281,051$79,116$772,183
77$1,850,034$241,886$28,830$785,725
78$1,984,133$199,134$0$800,611
79$2,130,191$152,567$0$822,101
80$2,289,372$101,944$0$851,977
81$2,462,959$47,011$0$884,711
82$2,652,364$0$0$920,661
83$2,859,142$0$0$966,970
84$3,085,003$0$0$1,045,317
85$3,331,829$0$0$1,131,017
86$3,601,694$0$0$1,224,799
87$3,896,882$0$0$1,327,467
88$4,219,905$0$0$1,439,905
89$4,573,530$0$0$1,563,089
90$4,960,806$0$0$1,698,092
91$5,385,089$0$0$1,846,096
92$5,850,074$0$0$2,008,402
93$6,359,833$0$0$2,186,444
94$6,918,848$0$0$2,381,802
95$7,532,057$0$0$2,596,216
96$8,204,900$0$0$2,831,600
97$8,943,367$0$0$3,090,067
98$9,754,056$0$0$3,373,942
99$10,644,238$0$0$3,685,785
100$11,621,919$0$0$4,028,418