Can I retire at age 58 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$46,162$45,751$45,349$44,958$44,575$44,128
2 years$22,852$22,427$22,014$21,614$21,226$20,776
3 years$15,084$14,656$14,245$13,849$13,467$13,027
4 years$11,200$10,774$10,366$9,977$9,605$9,179
5 years$8,870$8,447$8,045$7,663$7,301$6,891
6 years$7,318$6,897$6,501$6,128$5,777$5,383
7 years$6,209$5,792$5,403$5,039$4,698$4,320
8 years$5,378$4,965$4,582$4,227$3,898$3,536
9 years$4,732$4,323$3,946$3,600$3,283$2,936
10 years$4,216$3,811$3,441$3,103$2,797$2,466
11 years$3,793$3,392$3,029$2,701$2,405$2,090
12 years$3,442$3,045$2,688$2,369$2,084$1,785
13 years$3,144$2,752$2,402$2,092$1,818$1,533
14 years$2,890$2,501$2,158$1,857$1,593$1,323
15 years$2,669$2,285$1,948$1,656$1,403$1,146
16 years$2,477$2,096$1,766$1,483$1,240$997
17 years$2,307$1,931$1,607$1,332$1,099$869
18 years$2,156$1,784$1,467$1,200$978$760
19 years$2,021$1,653$1,343$1,085$871$666
20 years$1,900$1,536$1,233$982$778$585
21 years$1,790$1,431$1,134$892$696$514
22 years$1,691$1,336$1,045$811$624$453
23 years$1,600$1,249$965$738$560$399
24 years$1,517$1,171$892$673$504$352
25 years$1,441$1,099$827$615$453$311
26 years$1,371$1,032$767$562$408$275
27 years$1,306$972$712$515$368$243
28 years$1,246$916$662$472$332$216
29 years$1,190$864$616$432$300$191
30 years$1,138$816$574$397$271$169
31 years$1,089$771$535$364$245$150
32 years$1,044$730$499$335$222$133
33 years$1,001$691$466$308$201$118
34 years$961$655$435$283$182$105
35 years$923$621$407$261$164$93
36 years$888$590$381$240$149$83
37 years$854$560$356$221$135$73
38 years$823$532$334$204$122$65
39 years$793$506$313$188$111$58
40 years$764$481$293$174$101$51
41 years$737$458$275$160$91$46
42 years$712$436$258$148$83$41
43 years$687$416$242$136$75$36
44 years$664$396$227$126$68$32
45 years$642$378$213$116$62$29
46 years$621$361$200$107$56$25
47 years$601$344$188$99$51$23
48 years$582$329$177$92$46$20
49 years$563$314$166$85$42$18
50 years$546$300$156$78$38$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $559,000, adding $6,403 every year, while hoping to spend $29,850 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: 58/22/20 Blend
57$559,000$559,000$559,000$559,000
58$622,623$592,996$584,331$655,082
59$654,370$590,292$572,146$675,172
60$688,355$586,456$558,552$693,275
61$724,775$581,400$543,471$712,348
62$763,845$575,031$526,821$732,490
63$805,802$567,253$508,514$753,812
64$850,906$557,961$488,462$776,439
65$899,443$547,045$466,569$800,507
66$951,725$534,389$442,738$826,169
67$1,008,097$519,870$416,866$853,597
68$1,068,937$503,358$388,845$882,978
69$1,134,659$484,713$358,563$914,525
70$1,205,722$463,792$325,902$948,471
71$1,282,625$440,437$290,739$985,074
72$1,365,921$414,487$252,947$1,024,625
73$1,456,217$385,768$212,392$1,067,442
74$1,554,177$354,097$168,934$1,113,881
75$1,660,537$319,282$122,427$1,164,336
76$1,776,102$281,117$72,719$1,219,245
77$1,901,760$239,387$19,650$1,279,090
78$2,038,487$193,864$0$1,344,410
79$2,187,356$144,307$0$1,423,693
80$2,349,549$90,461$0$1,514,692
81$2,526,368$32,058$0$1,613,979
82$2,719,242$0$0$1,722,404
83$2,929,748$0$0$1,848,453
84$3,159,620$0$0$1,994,618
85$3,410,766$0$0$2,154,357
86$3,685,289$0$0$2,329,012
87$3,985,501$0$0$2,520,062
88$4,313,951$0$0$2,729,134
89$4,673,444$0$0$2,958,020
90$5,067,068$0$0$3,208,693
91$5,498,226$0$0$3,483,328
92$5,970,662$0$0$3,784,316
93$6,488,503$0$0$4,114,295
94$7,056,291$0$0$4,476,166
95$7,679,032$0$0$4,873,128
96$8,362,237$0$0$5,308,703
97$9,111,977$0$0$5,786,770
98$9,934,940$0$0$6,311,601
99$10,838,491$0$0$6,887,905
100$11,830,746$0$0$7,520,866