Can I retire at age 58 with 548,000?

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 $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%14.4%
1 years$45,253$44,850$44,457$44,073$43,698$42,904
2 years$22,403$21,985$21,581$21,189$20,809$20,011
3 years$14,787$14,368$13,964$13,576$13,202$12,426
4 years$10,980$10,562$10,162$9,781$9,416$8,668
5 years$8,696$8,281$7,887$7,513$7,158$6,439
6 years$7,174$6,762$6,373$6,008$5,664$4,976
7 years$6,087$5,678$5,296$4,939$4,606$3,949
8 years$5,272$4,867$4,492$4,144$3,821$3,195
9 years$4,639$4,238$3,869$3,529$3,218$2,622
10 years$4,133$3,736$3,373$3,042$2,742$2,176
11 years$3,719$3,326$2,969$2,648$2,358$1,821
12 years$3,374$2,985$2,635$2,322$2,043$1,535
13 years$3,083$2,697$2,354$2,050$1,782$1,301
14 years$2,833$2,452$2,115$1,820$1,562$1,108
15 years$2,617$2,240$1,910$1,623$1,375$947
16 years$2,428$2,055$1,732$1,453$1,216$812
17 years$2,261$1,893$1,576$1,306$1,078$698
18 years$2,113$1,749$1,438$1,177$958$602
19 years$1,981$1,621$1,317$1,063$854$520
20 years$1,862$1,506$1,209$963$763$450
21 years$1,755$1,403$1,112$874$683$389
22 years$1,658$1,310$1,025$795$612$338
23 years$1,569$1,225$946$724$549$293
24 years$1,488$1,148$875$660$494$255
25 years$1,413$1,077$810$603$444$222
26 years$1,344$1,012$752$551$400$193
27 years$1,280$953$698$505$361$168
28 years$1,221$898$649$462$326$146
29 years$1,167$847$604$424$294$127
30 years$1,115$800$562$389$266$111
31 years$1,068$756$524$357$240$97
32 years$1,023$715$489$328$217$85
33 years$981$677$457$302$197$74
34 years$942$642$427$278$178$64
35 years$905$609$399$256$161$56
36 years$870$578$373$236$146$49
37 years$837$549$349$217$132$43
38 years$806$522$327$200$120$37
39 years$777$496$306$184$109$33
40 years$749$472$287$170$99$29
41 years$723$449$269$157$90$25
42 years$698$428$253$145$81$22
43 years$674$408$237$134$74$19
44 years$651$389$223$123$67$17
45 years$629$371$209$114$61$15
46 years$609$354$196$105$55$13
47 years$589$337$184$97$50$11
48 years$570$322$173$90$46$10
49 years$552$308$163$83$41$8
50 years$535$294$153$77$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $548,000, adding $3,621 every year, while hoping to spend $26,066 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: 39/42/19 Blend
57$548,000$548,000$548,000$548,000
58$607,631$578,587$570,093$627,759
59$641,875$579,204$561,457$643,152
60$678,739$578,977$551,658$657,029
61$718,462$577,838$540,630$671,494
62$761,306$575,714$528,303$686,614
63$807,563$572,527$514,604$702,463
64$857,548$568,195$499,457$719,129
65$911,611$562,630$482,783$736,706
66$970,137$555,740$464,497$755,304
67$1,033,547$547,427$444,514$775,042
68$1,102,305$537,588$422,741$796,057
69$1,176,922$526,111$399,085$818,501
70$1,257,958$512,880$373,444$842,544
71$1,346,031$497,773$345,716$868,377
72$1,441,820$480,658$315,791$896,213
73$1,546,072$461,396$283,556$926,290
74$1,659,609$439,842$248,893$958,873
75$1,783,336$415,841$211,678$994,259
76$1,918,248$389,229$171,781$1,032,778
77$2,065,441$359,833$129,067$1,074,799
78$2,226,120$327,469$83,396$1,120,730
79$2,401,615$291,945$34,619$1,171,030
80$2,593,385$253,056$0$1,226,206
81$2,803,040$210,586$0$1,290,357
82$3,032,352$164,306$0$1,368,297
83$3,283,270$113,976$0$1,453,731
84$3,557,943$59,340$0$1,547,470
85$3,858,736$130$0$1,650,412
86$4,188,253$0$0$1,763,551
87$4,549,362$0$0$1,917,538
88$4,945,223$0$0$2,086,484
89$5,379,314$0$0$2,271,823
90$5,855,467$0$0$2,475,201
91$6,377,903$0$0$2,698,430
92$6,951,271$0$0$2,943,508
93$7,580,690$0$0$3,212,634
94$8,271,803$0$0$3,508,230
95$9,030,823$0$0$3,832,967
96$9,864,594$0$0$4,189,784
97$10,780,658$0$0$4,581,920
98$11,787,322$0$0$5,012,945
99$12,893,737$0$0$5,486,791
100$14,109,985$0$0$6,007,788