Can I retire at age 58 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$44,510$44,114$43,727$43,349$42,981$41,406
2 years$22,035$21,624$21,227$20,841$20,467$18,898
3 years$14,544$14,132$13,735$13,353$12,985$11,472
4 years$10,799$10,388$9,996$9,620$9,261$7,814
5 years$8,553$8,145$7,757$7,389$7,040$5,664
6 years$7,056$6,651$6,269$5,909$5,571$4,265
7 years$5,987$5,585$5,209$4,858$4,530$3,296
8 years$5,186$4,788$4,418$4,075$3,758$2,594
9 years$4,563$4,168$3,805$3,471$3,165$2,069
10 years$4,065$3,674$3,317$2,992$2,697$1,668
11 years$3,658$3,271$2,921$2,604$2,319$1,354
12 years$3,319$2,936$2,592$2,284$2,010$1,107
13 years$3,032$2,653$2,316$2,017$1,753$909
14 years$2,786$2,412$2,081$1,790$1,536$749
15 years$2,574$2,203$1,879$1,597$1,353$620
16 years$2,388$2,021$1,703$1,430$1,196$514
17 years$2,224$1,862$1,550$1,284$1,060$427
18 years$2,079$1,720$1,415$1,158$943$355
19 years$1,949$1,594$1,295$1,046$840$296
20 years$1,832$1,481$1,189$947$750$247
21 years$1,726$1,380$1,093$860$672$207
22 years$1,630$1,288$1,008$782$602$173
23 years$1,543$1,205$930$712$540$145
24 years$1,463$1,129$861$649$486$121
25 years$1,390$1,059$797$593$437$101
26 years$1,322$996$739$542$394$85
27 years$1,259$937$686$496$355$71
28 years$1,201$883$638$455$320$60
29 years$1,147$833$594$417$289$50
30 years$1,097$787$553$383$261$42
31 years$1,050$744$516$351$236$35
32 years$1,006$704$481$323$214$30
33 years$965$666$449$297$193$25
34 years$927$631$420$273$175$21
35 years$890$599$392$252$159$17
36 years$856$568$367$232$144$15
37 years$824$540$344$213$130$12
38 years$793$513$322$197$118$10
39 years$764$488$301$181$107$9
40 years$737$464$283$167$97$7
41 years$711$442$265$154$88$6
42 years$686$421$249$142$80$5
43 years$663$401$233$132$73$4
44 years$640$382$219$121$66$4
45 years$619$364$206$112$60$3
46 years$599$348$193$104$54$3
47 years$579$332$181$96$49$2
48 years$561$317$170$88$45$2
49 years$543$302$160$82$41$2
50 years$526$289$151$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $539,000, adding $6,288 every year, while hoping to spend $23,088 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: 50/38/12 Blend
57$539,000$539,000$539,000$539,000
58$600,464$571,897$563,543$628,238
59$637,146$575,355$557,856$651,410
60$676,796$578,208$551,205$673,626
61$719,691$580,402$543,533$697,244
62$766,139$581,881$534,780$722,401
63$816,475$582,583$524,885$749,251
64$871,070$582,444$513,783$777,965
65$930,329$581,394$501,405$808,730
66$994,701$579,361$487,680$841,755
67$1,064,677$576,266$472,534$877,270
68$1,140,799$572,028$455,889$915,533
69$1,223,663$566,560$437,664$956,826
70$1,313,923$559,768$417,772$1,001,463
71$1,412,302$551,555$396,126$1,049,792
72$1,519,593$541,817$372,632$1,102,196
73$1,636,669$530,444$347,193$1,159,102
74$1,764,492$517,319$319,708$1,220,980
75$1,904,122$502,319$290,069$1,288,351
76$2,056,722$485,313$258,166$1,361,792
77$2,223,577$466,162$223,884$1,441,940
78$2,406,098$444,720$187,100$1,529,500
79$2,605,842$420,833$147,690$1,625,252
80$2,824,521$394,337$105,521$1,730,058
81$3,064,021$365,058$60,454$1,844,872
82$3,326,419$332,814$12,347$1,970,746
83$3,614,002$297,411$0$2,108,846
84$3,929,290$258,643$0$2,265,452
85$4,275,057$216,296$0$2,439,004
86$4,654,359$170,141$0$2,629,514
87$5,070,562$119,937$0$2,838,740
88$5,527,374$65,428$0$3,068,622
89$6,028,879$6,346$0$3,321,304
90$6,579,574$0$0$3,599,151
91$7,184,418$0$0$3,928,857
92$7,848,867$0$0$4,294,032
93$8,578,937$0$0$4,695,333
94$9,381,253$0$0$5,136,412
95$10,263,114$0$0$5,621,288
96$11,232,561$0$0$6,154,393
97$12,298,454$0$0$6,740,605
98$13,470,554$0$0$7,385,303
99$14,759,614$0$0$8,094,411
100$16,177,482$0$0$8,874,455