Can I retire at age 58 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$44,840$44,441$44,051$43,671$43,300$43,027
2 years$22,198$21,785$21,384$20,996$20,619$20,344
3 years$14,652$14,237$13,837$13,452$13,081$12,812
4 years$10,879$10,465$10,070$9,691$9,330$9,069
5 years$8,616$8,205$7,815$7,444$7,092$6,840
6 years$7,108$6,700$6,315$5,953$5,612$5,369
7 years$6,032$5,627$5,248$4,894$4,564$4,331
8 years$5,224$4,823$4,451$4,106$3,786$3,563
9 years$4,597$4,199$3,833$3,497$3,189$2,974
10 years$4,095$3,702$3,342$3,015$2,717$2,512
11 years$3,685$3,295$2,942$2,624$2,337$2,141
12 years$3,343$2,958$2,611$2,301$2,025$1,838
13 years$3,054$2,673$2,333$2,032$1,766$1,587
14 years$2,807$2,430$2,096$1,803$1,548$1,378
15 years$2,593$2,219$1,893$1,608$1,363$1,201
16 years$2,406$2,036$1,716$1,440$1,204$1,051
17 years$2,241$1,875$1,561$1,294$1,068$923
18 years$2,094$1,733$1,425$1,166$950$812
19 years$1,963$1,606$1,305$1,054$846$716
20 years$1,845$1,492$1,198$954$756$633
21 years$1,739$1,390$1,101$866$677$560
22 years$1,643$1,298$1,015$787$606$496
23 years$1,555$1,214$937$717$544$441
24 years$1,474$1,137$867$654$489$392
25 years$1,400$1,067$803$597$440$348
26 years$1,332$1,003$745$546$397$310
27 years$1,269$944$691$500$358$276
28 years$1,210$889$643$458$323$247
29 years$1,156$839$598$420$291$220
30 years$1,105$792$557$386$263$196
31 years$1,058$749$519$354$238$175
32 years$1,014$709$485$325$215$157
33 years$972$671$453$299$195$140
34 years$934$636$423$275$176$125
35 years$897$603$395$253$160$112
36 years$862$573$370$233$145$100
37 years$830$544$346$215$131$90
38 years$799$517$324$198$119$80
39 years$770$492$304$183$108$72
40 years$742$468$285$169$98$64
41 years$716$445$267$156$89$58
42 years$691$424$250$144$81$52
43 years$668$404$235$133$73$46
44 years$645$385$221$122$66$41
45 years$624$367$207$113$60$37
46 years$603$350$194$104$55$33
47 years$584$334$183$96$50$30
48 years$565$319$172$89$45$27
49 years$547$305$161$82$41$24
50 years$530$291$152$76$37$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $543,000, adding $5,390 every year, while hoping to spend $38,968 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: 24/48/28 Blend
57$543,000$543,000$543,000$543,000
58$603,946$575,167$566,750$613,027
59$624,087$561,888$544,275$607,862
60$644,976$546,653$519,740$598,690
61$666,648$529,324$493,037$588,047
62$689,142$509,757$464,049$575,834
63$712,497$487,797$432,657$561,952
64$736,755$463,282$398,734$546,293
65$761,962$436,042$362,150$528,744
66$788,168$405,893$322,768$509,188
67$815,423$372,644$280,443$487,501
68$843,785$336,093$235,027$463,551
69$873,314$296,024$186,362$437,201
70$904,073$252,210$134,287$408,308
71$936,133$204,412$78,629$376,720
72$969,568$152,378$19,213$342,277
73$1,004,458$95,839$0$304,813
74$1,040,891$34,514$0$277,356
75$1,078,961$0$0$253,504
76$1,118,769$0$0$244,224
77$1,160,424$0$0$253,614
78$1,204,046$0$0$263,472
79$1,249,763$0$0$273,832
80$1,297,714$0$0$284,728
81$1,348,052$0$0$296,198
82$1,400,940$0$0$308,286
83$1,456,557$0$0$321,035
84$1,515,098$0$0$334,496
85$1,576,774$0$0$348,722
86$1,641,816$0$0$363,773
87$1,710,474$0$0$379,712
88$1,783,024$0$0$396,611
89$1,859,763$0$0$414,545
90$1,941,018$0$0$433,600
91$2,027,145$0$0$453,867
92$2,118,534$0$0$475,445
93$2,215,610$0$0$498,447
94$2,318,838$0$0$522,991
95$2,428,729$0$0$549,211
96$2,545,840$0$0$577,250
97$2,670,781$0$0$607,269
98$2,804,223$0$0$639,440
99$2,946,898$0$0$673,954
100$3,099,609$0$0$711,022