Can I retire at age 58 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$45,006$44,605$44,214$43,832$43,459$43,149
2 years$22,280$21,865$21,463$21,073$20,695$20,382
3 years$14,706$14,289$13,888$13,502$13,130$12,824
4 years$10,919$10,504$10,107$9,727$9,364$9,068
5 years$8,648$8,235$7,843$7,471$7,118$6,833
6 years$7,135$6,725$6,339$5,975$5,633$5,357
7 years$6,054$5,647$5,267$4,912$4,581$4,317
8 years$5,244$4,841$4,467$4,121$3,800$3,547
9 years$4,614$4,215$3,848$3,510$3,200$2,958
10 years$4,110$3,715$3,354$3,026$2,727$2,495
11 years$3,698$3,307$2,953$2,633$2,345$2,123
12 years$3,356$2,969$2,621$2,310$2,032$1,821
13 years$3,066$2,683$2,342$2,039$1,772$1,571
14 years$2,817$2,438$2,104$1,810$1,553$1,362
15 years$2,602$2,228$1,900$1,614$1,368$1,186
16 years$2,415$2,044$1,722$1,445$1,209$1,036
17 years$2,249$1,882$1,567$1,299$1,072$908
18 years$2,102$1,739$1,431$1,170$953$798
19 years$1,970$1,612$1,310$1,058$849$703
20 years$1,852$1,498$1,202$958$759$620
21 years$1,746$1,395$1,106$869$679$548
22 years$1,649$1,302$1,019$790$609$485
23 years$1,560$1,218$941$720$546$430
24 years$1,479$1,141$870$657$491$382
25 years$1,405$1,071$806$600$442$339
26 years$1,337$1,007$747$548$398$301
27 years$1,273$947$694$502$359$268
28 years$1,215$893$645$460$324$239
29 years$1,160$842$600$422$292$213
30 years$1,109$795$559$387$264$189
31 years$1,062$752$521$355$239$169
32 years$1,018$711$486$327$216$151
33 years$976$674$454$300$196$135
34 years$937$639$424$276$177$120
35 years$900$606$397$254$160$107
36 years$866$575$371$234$145$96
37 years$833$546$347$216$132$86
38 years$802$519$325$199$119$77
39 years$773$493$305$183$108$68
40 years$745$469$286$169$98$61
41 years$719$447$268$156$89$55
42 years$694$426$251$144$81$49
43 years$670$405$236$133$73$44
44 years$648$386$221$123$67$39
45 years$626$369$208$113$60$35
46 years$605$352$195$105$55$31
47 years$586$336$183$97$50$28
48 years$567$320$172$89$45$25
49 years$549$306$162$83$41$22
50 years$532$292$152$76$37$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $545,000, adding $5,553 every year, while hoping to spend $39,290 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: 40/40/20 Blend
57$545,000$545,000$545,000$545,000
58$606,318$577,433$568,985$626,781
59$626,358$563,923$546,242$628,434
60$647,126$548,434$521,420$626,047
61$668,653$530,828$494,408$622,656
62$690,975$510,958$465,091$618,193
63$714,129$488,669$433,345$612,582
64$738,153$463,797$399,046$605,746
65$763,091$436,169$362,060$597,604
66$788,986$405,601$322,248$588,069
67$815,886$371,899$279,467$577,052
68$843,842$334,858$233,565$564,458
69$872,909$294,261$184,385$550,187
70$903,145$249,879$131,761$534,136
71$934,613$201,470$75,522$516,195
72$967,380$148,779$15,489$496,248
73$1,001,518$91,535$0$474,177
74$1,037,106$29,453$0$460,222
75$1,074,227$0$0$448,087
76$1,112,972$0$0$450,992
77$1,153,437$0$0$467,581
78$1,195,728$0$0$484,936
79$1,239,960$0$0$503,106
80$1,286,254$0$0$522,143
81$1,334,745$0$0$542,106
82$1,385,576$0$0$563,055
83$1,438,905$0$0$585,060
84$1,494,901$0$0$608,193
85$1,553,750$0$0$632,535
86$1,615,652$0$0$658,172
87$1,680,826$0$0$685,199
88$1,749,509$0$0$713,720
89$1,821,961$0$0$743,846
90$1,898,464$0$0$775,702
91$1,979,327$0$0$809,420
92$2,064,884$0$0$845,147
93$2,155,504$0$0$883,043
94$2,251,588$0$0$923,283
95$2,353,573$0$0$966,058
96$2,461,938$0$0$1,011,576
97$2,577,209$0$0$1,060,068
98$2,699,957$0$0$1,111,782
99$2,830,812$0$0$1,166,995
100$2,970,462$0$0$1,226,006