Can I retire at age 58 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$45,584$45,178$44,781$44,395$44,017$43,648
2 years$22,566$22,146$21,739$21,344$20,961$20,589
3 years$14,895$14,473$14,066$13,675$13,298$12,935
4 years$11,060$10,639$10,237$9,852$9,484$9,133
5 years$8,759$8,341$7,944$7,567$7,210$6,871
6 years$7,226$6,811$6,420$6,052$5,705$5,379
7 years$6,132$5,720$5,335$4,975$4,640$4,326
8 years$5,311$4,903$4,525$4,174$3,849$3,549
9 years$4,673$4,269$3,897$3,555$3,241$2,954
10 years$4,163$3,763$3,397$3,065$2,762$2,487
11 years$3,746$3,350$2,991$2,667$2,375$2,113
12 years$3,399$3,007$2,655$2,339$2,058$1,809
13 years$3,105$2,717$2,372$2,065$1,795$1,557
14 years$2,854$2,470$2,131$1,833$1,573$1,347
15 years$2,636$2,256$1,924$1,635$1,385$1,171
16 years$2,446$2,070$1,744$1,464$1,224$1,021
17 years$2,278$1,906$1,587$1,315$1,086$893
18 years$2,129$1,762$1,449$1,185$965$783
19 years$1,996$1,633$1,326$1,071$860$688
20 years$1,876$1,517$1,217$970$769$606
21 years$1,768$1,413$1,120$880$688$534
22 years$1,670$1,319$1,032$801$616$472
23 years$1,580$1,234$953$729$553$417
24 years$1,498$1,156$881$665$497$369
25 years$1,423$1,085$816$607$448$327
26 years$1,354$1,020$757$555$403$290
27 years$1,290$960$703$508$363$258
28 years$1,230$904$653$466$328$229
29 years$1,175$853$608$427$296$203
30 years$1,124$806$566$392$268$181
31 years$1,076$761$528$360$242$161
32 years$1,031$721$493$331$219$143
33 years$989$682$460$304$198$127
34 years$949$647$430$280$179$114
35 years$912$613$402$258$162$101
36 years$877$582$376$237$147$90
37 years$844$553$352$219$133$80
38 years$812$526$330$202$121$72
39 years$783$500$309$186$110$64
40 years$755$475$289$171$99$57
41 years$728$453$271$158$90$51
42 years$703$431$255$146$82$45
43 years$679$411$239$135$74$40
44 years$656$391$224$124$67$36
45 years$634$373$210$115$61$32
46 years$613$356$198$106$56$29
47 years$593$340$186$98$50$26
48 years$574$324$175$91$46$23
49 years$556$310$164$84$42$20
50 years$539$296$154$77$38$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $552,000, adding $5,319 every year, while hoping to spend $41,247 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: 70/21/9 Blend
57$552,000$552,000$552,000$552,000
58$613,791$584,535$575,979$655,355
59$632,511$569,290$551,387$668,332
60$651,758$551,917$524,590$676,977
61$671,542$532,266$495,469$685,322
62$691,874$510,181$463,901$693,329
63$712,762$485,497$429,759$700,957
64$734,216$458,038$392,908$708,162
65$756,243$427,620$353,208$714,898
66$778,853$394,045$310,513$721,112
67$802,051$357,109$264,670$726,752
68$825,843$316,590$215,520$731,758
69$850,235$272,259$162,895$736,068
70$875,229$223,870$106,623$739,614
71$900,828$171,166$46,521$742,326
72$927,033$113,873$0$744,125
73$953,842$51,704$0$746,621
74$981,251$0$0$752,910
75$1,009,255$0$0$762,061
76$1,037,845$0$0$783,596
77$1,067,008$0$0$805,557
78$1,096,730$0$0$827,932
79$1,126,992$0$0$850,707
80$1,157,770$0$0$873,861
81$1,189,035$0$0$897,373
82$1,220,755$0$0$921,217
83$1,252,889$0$0$945,360
84$1,285,390$0$0$969,766
85$1,318,205$0$0$994,393
86$1,351,271$0$0$1,019,193
87$1,384,516$0$0$1,044,107
88$1,417,857$0$0$1,069,074
89$1,451,201$0$0$1,094,018
90$1,484,440$0$0$1,118,858
91$1,517,455$0$0$1,143,499
92$1,550,107$0$0$1,167,834
93$1,582,243$0$0$1,191,744
94$1,613,688$0$0$1,215,094
95$1,644,248$0$0$1,237,732
96$1,673,703$0$0$1,259,488
97$1,701,807$0$0$1,280,172
98$1,728,285$0$0$1,299,570
99$1,752,830$0$0$1,317,445
100$1,775,099$0$0$1,333,531