Can I retire at age 58 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$46,079$45,669$45,268$44,877$44,496$43,795
2 years$22,811$22,387$21,975$21,576$21,188$20,484
3 years$15,057$14,630$14,219$13,824$13,443$12,757
4 years$11,180$10,755$10,348$9,959$9,588$8,925
5 years$8,854$8,432$8,030$7,650$7,288$6,652
6 years$7,305$6,885$6,490$6,117$5,767$5,157
7 years$6,198$5,782$5,393$5,030$4,690$4,107
8 years$5,369$4,956$4,574$4,219$3,891$3,334
9 years$4,724$4,315$3,939$3,594$3,277$2,746
10 years$4,208$3,804$3,434$3,098$2,792$2,287
11 years$3,787$3,386$3,024$2,696$2,401$1,921
12 years$3,436$3,039$2,683$2,365$2,081$1,626
13 years$3,139$2,747$2,397$2,088$1,814$1,383
14 years$2,885$2,497$2,154$1,853$1,591$1,183
15 years$2,665$2,281$1,945$1,653$1,400$1,015
16 years$2,472$2,093$1,763$1,480$1,238$874
17 years$2,303$1,927$1,605$1,330$1,097$755
18 years$2,152$1,781$1,465$1,198$976$654
19 years$2,017$1,650$1,341$1,083$870$567
20 years$1,896$1,534$1,231$981$777$493
21 years$1,787$1,429$1,132$890$695$429
22 years$1,688$1,333$1,043$809$623$373
23 years$1,597$1,247$963$737$559$326
24 years$1,515$1,169$891$672$503$284
25 years$1,439$1,097$825$614$452$248
26 years$1,369$1,031$765$561$408$217
27 years$1,304$970$711$514$367$190
28 years$1,244$914$661$471$332$166
29 years$1,188$862$615$432$299$146
30 years$1,136$814$573$396$271$128
31 years$1,087$770$534$364$245$112
32 years$1,042$728$498$334$221$98
33 years$999$690$465$307$200$86
34 years$959$654$435$283$181$75
35 years$922$620$406$260$164$66
36 years$886$589$380$240$149$58
37 years$853$559$356$221$135$51
38 years$821$531$333$204$122$45
39 years$791$505$312$188$111$39
40 years$763$481$293$173$101$35
41 years$736$457$274$160$91$30
42 years$710$436$257$148$83$27
43 years$686$415$241$136$75$23
44 years$663$396$227$126$68$21
45 years$641$377$213$116$62$18
46 years$620$360$200$107$56$16
47 years$600$344$188$99$51$14
48 years$581$328$176$92$46$12
49 years$562$313$166$85$42$11
50 years$545$299$156$78$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $558,000, adding $4,174 every year, while hoping to spend $20,068 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: 33/46/21 Blend
57$558,000$558,000$558,000$558,000
58$619,221$589,647$580,998$635,539
59$661,030$597,188$579,110$655,595
60$706,430$604,425$576,485$675,070
61$755,767$611,324$573,079$695,645
62$809,422$617,844$568,843$717,429
63$867,810$623,946$563,727$740,544
64$931,393$629,586$557,678$765,123
65$1,000,676$634,716$550,641$791,316
66$1,076,215$639,288$542,558$819,290
67$1,158,624$643,248$533,368$849,228
68$1,248,577$646,540$523,009$881,335
69$1,346,815$649,105$511,414$915,838
70$1,454,157$650,877$498,513$952,987
71$1,571,502$651,791$484,233$993,062
72$1,699,840$651,773$468,500$1,036,372
73$1,840,262$650,748$451,233$1,083,259
74$1,993,968$648,635$432,349$1,134,104
75$2,162,282$645,347$411,761$1,189,325
76$2,346,659$640,793$389,380$1,249,391
77$2,548,702$634,876$365,108$1,314,815
78$2,770,179$627,494$338,849$1,386,170
79$3,013,034$618,538$310,497$1,464,089
80$3,279,409$607,893$279,944$1,549,270
81$3,571,665$595,435$247,078$1,642,489
82$3,892,400$581,037$211,781$1,744,603
83$4,244,478$564,560$173,928$1,856,560
84$4,631,051$545,860$133,391$1,979,410
85$5,055,595$524,784$90,036$2,114,312
86$5,521,935$501,168$43,722$2,262,549
87$6,034,289$474,842$0$2,425,541
88$6,597,299$445,622$0$2,606,132
89$7,216,084$413,317$0$2,815,316
90$7,896,278$377,724$0$3,045,239
91$8,644,094$338,628$0$3,298,053
92$9,466,373$295,802$0$3,576,138
93$10,370,652$249,005$0$3,882,119
94$11,365,236$197,985$0$4,218,894
95$12,459,277$142,473$0$4,589,660
96$13,662,856$82,186$0$4,997,947
97$14,987,081$16,827$0$5,447,650
98$16,444,192$0$0$5,943,069
99$18,047,673$0$0$6,516,238
100$19,812,384$0$0$7,156,513