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%11.1%
1 years$46,079$45,669$45,268$44,877$44,496$44,290
2 years$22,811$22,387$21,975$21,576$21,188$20,980
3 years$15,057$14,630$14,219$13,824$13,443$13,239
4 years$11,180$10,755$10,348$9,959$9,588$9,390
5 years$8,854$8,432$8,030$7,650$7,288$7,097
6 years$7,305$6,885$6,490$6,117$5,767$5,583
7 years$6,198$5,782$5,393$5,030$4,690$4,513
8 years$5,369$4,956$4,574$4,219$3,891$3,721
9 years$4,724$4,315$3,939$3,594$3,277$3,114
10 years$4,208$3,804$3,434$3,098$2,792$2,636
11 years$3,787$3,386$3,024$2,696$2,401$2,252
12 years$3,436$3,039$2,683$2,365$2,081$1,938
13 years$3,139$2,747$2,397$2,088$1,814$1,678
14 years$2,885$2,497$2,154$1,853$1,591$1,461
15 years$2,665$2,281$1,945$1,653$1,400$1,277
16 years$2,472$2,093$1,763$1,480$1,238$1,120
17 years$2,303$1,927$1,605$1,330$1,097$986
18 years$2,152$1,781$1,465$1,198$976$870
19 years$2,017$1,650$1,341$1,083$870$770
20 years$1,896$1,534$1,231$981$777$682
21 years$1,787$1,429$1,132$890$695$605
22 years$1,688$1,333$1,043$809$623$538
23 years$1,597$1,247$963$737$559$479
24 years$1,515$1,169$891$672$503$427
25 years$1,439$1,097$825$614$452$381
26 years$1,369$1,031$765$561$408$341
27 years$1,304$970$711$514$367$304
28 years$1,244$914$661$471$332$272
29 years$1,188$862$615$432$299$244
30 years$1,136$814$573$396$271$218
31 years$1,087$770$534$364$245$196
32 years$1,042$728$498$334$221$175
33 years$999$690$465$307$200$157
34 years$959$654$435$283$181$141
35 years$922$620$406$260$164$127
36 years$886$589$380$240$149$114
37 years$853$559$356$221$135$102
38 years$821$531$333$204$122$92
39 years$791$505$312$188$111$82
40 years$763$481$293$173$101$74
41 years$736$457$274$160$91$67
42 years$710$436$257$148$83$60
43 years$686$415$241$136$75$54
44 years$663$396$227$126$68$48
45 years$641$377$213$116$62$43
46 years$620$360$200$107$56$39
47 years$600$344$188$99$51$35
48 years$581$328$176$92$46$32
49 years$562$313$166$85$42$28
50 years$545$299$156$78$38$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $558,000, adding $3,916 every year, while hoping to spend $29,145 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: 48/44/8 Blend
57$558,000$558,000$558,000$558,000
58$618,955$589,381$580,732$647,157
59$651,079$587,251$569,177$664,776
60$685,502$584,039$556,257$680,505
61$722,429$579,663$541,898$696,904
62$762,083$574,033$526,017$714,044
63$804,709$567,054$508,533$732,004
64$850,578$558,628$489,357$750,873
65$899,984$548,649$468,398$770,751
66$953,254$537,004$445,561$791,752
67$1,010,743$523,574$420,744$814,000
68$1,072,844$508,235$393,845$837,637
69$1,139,989$490,852$364,753$862,819
70$1,212,650$471,286$333,354$889,725
71$1,291,348$449,388$299,530$918,549
72$1,376,657$424,999$263,155$949,514
73$1,469,205$397,953$224,100$982,862
74$1,569,685$368,073$182,228$1,018,870
75$1,678,858$335,175$137,399$1,057,841
76$1,797,563$299,060$89,463$1,100,116
77$1,926,721$259,520$38,266$1,146,073
78$2,067,346$216,336$0$1,196,135
79$2,220,553$169,274$0$1,252,168
80$2,387,572$118,091$0$1,316,872
81$2,569,753$62,526$0$1,387,574
82$2,768,583$2,305$0$1,464,934
83$2,985,701$0$0$1,549,684
84$3,222,909$0$0$1,673,073
85$3,482,191$0$0$1,809,224
86$3,765,731$0$0$1,958,175
87$4,075,937$0$0$2,121,198
88$4,415,455$0$0$2,299,693
89$4,787,203$0$0$2,495,202
90$5,194,392$0$0$2,709,422
91$5,640,560$0$0$2,944,224
92$6,129,602$0$0$3,201,666
93$6,665,808$0$0$3,484,017
94$7,253,903$0$0$3,793,775
95$7,899,091$0$0$4,133,691
96$8,607,105$0$0$4,506,797
97$9,384,260$0$0$4,916,431
98$10,237,509$0$0$5,366,271
99$11,174,516$0$0$5,860,368
100$12,203,720$0$0$6,403,185