Can I retire at age 58 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$45,253$44,850$44,457$44,073$43,698$42,350
2 years$22,403$21,985$21,581$21,189$20,809$19,462
3 years$14,787$14,368$13,964$13,576$13,202$11,900
4 years$10,980$10,562$10,162$9,781$9,416$8,167
5 years$8,696$8,281$7,887$7,513$7,158$5,967
6 years$7,174$6,762$6,373$6,008$5,664$4,531
7 years$6,087$5,678$5,296$4,939$4,606$3,531
8 years$5,272$4,867$4,492$4,144$3,821$2,804
9 years$4,639$4,238$3,869$3,529$3,218$2,257
10 years$4,133$3,736$3,373$3,042$2,742$1,836
11 years$3,719$3,326$2,969$2,648$2,358$1,506
12 years$3,374$2,985$2,635$2,322$2,043$1,243
13 years$3,083$2,697$2,354$2,050$1,782$1,031
14 years$2,833$2,452$2,115$1,820$1,562$859
15 years$2,617$2,240$1,910$1,623$1,375$718
16 years$2,428$2,055$1,732$1,453$1,216$602
17 years$2,261$1,893$1,576$1,306$1,078$506
18 years$2,113$1,749$1,438$1,177$958$426
19 years$1,981$1,621$1,317$1,063$854$359
20 years$1,862$1,506$1,209$963$763$303
21 years$1,755$1,403$1,112$874$683$256
22 years$1,658$1,310$1,025$795$612$217
23 years$1,569$1,225$946$724$549$183
24 years$1,488$1,148$875$660$494$155
25 years$1,413$1,077$810$603$444$132
26 years$1,344$1,012$752$551$400$112
27 years$1,280$953$698$505$361$95
28 years$1,221$898$649$462$326$80
29 years$1,167$847$604$424$294$68
30 years$1,115$800$562$389$266$58
31 years$1,068$756$524$357$240$49
32 years$1,023$715$489$328$217$42
33 years$981$677$457$302$197$36
34 years$942$642$427$278$178$30
35 years$905$609$399$256$161$26
36 years$870$578$373$236$146$22
37 years$837$549$349$217$132$19
38 years$806$522$327$200$120$16
39 years$777$496$306$184$109$13
40 years$749$472$287$170$99$11
41 years$723$449$269$157$90$10
42 years$698$428$253$145$81$8
43 years$674$408$237$134$74$7
44 years$651$389$223$123$67$6
45 years$629$371$209$114$61$5
46 years$609$354$196$105$55$4
47 years$589$337$184$97$50$4
48 years$570$322$173$90$46$3
49 years$552$308$163$83$41$3
50 years$535$294$153$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $548,000, adding $2,969 every year, while hoping to spend $34,544 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: 38/45/17 Blend
57$548,000$548,000$548,000$548,000
58$606,959$577,915$569,421$626,815
59$632,114$569,478$551,742$632,909
60$658,677$559,470$532,313$635,971
61$686,756$547,777$511,039$638,552
62$716,466$534,280$487,820$640,624
63$747,937$518,851$462,553$642,165
64$781,306$501,355$435,129$643,149
65$816,728$481,649$405,434$643,552
66$854,368$459,584$373,349$643,354
67$894,409$434,999$338,752$642,533
68$937,050$407,725$301,511$641,071
69$982,510$377,584$261,493$638,951
70$1,031,028$344,388$218,555$636,159
71$1,082,866$307,937$172,550$632,685
72$1,138,313$268,020$123,325$628,524
73$1,197,682$224,414$70,717$623,674
74$1,261,319$176,884$14,560$618,138
75$1,329,604$125,182$0$611,929
76$1,402,952$69,044$0$613,293
77$1,481,821$8,194$0$617,382
78$1,566,710$0$0$621,622
79$1,658,171$0$0$654,652
80$1,756,809$0$0$694,706
81$1,863,286$0$0$738,004
82$1,978,334$0$0$784,850
83$2,102,754$0$0$835,579
84$2,237,428$0$0$890,558
85$2,383,325$0$0$950,193
86$2,541,510$0$0$1,014,927
87$2,713,155$0$0$1,085,250
88$2,899,548$0$0$1,161,701
89$3,102,108$0$0$1,244,871
90$3,322,394$0$0$1,335,411
91$3,562,120$0$0$1,434,039
92$3,823,175$0$0$1,541,543
93$4,107,636$0$0$1,658,791
94$4,417,789$0$0$1,786,739
95$4,756,149$0$0$1,926,438
96$5,125,485$0$0$2,079,046
97$5,528,847$0$0$2,245,838
98$5,969,589$0$0$2,428,216
99$6,451,406$0$0$2,627,726
100$6,978,366$0$0$2,846,069