Can I retire at age 58 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$46,327$45,914$45,512$45,119$44,735$43,320
2 years$22,934$22,507$22,093$21,692$21,302$19,890
3 years$15,138$14,709$14,296$13,898$13,515$12,149
4 years$11,240$10,812$10,404$10,013$9,639$8,330
5 years$8,902$8,477$8,074$7,691$7,327$6,079
6 years$7,344$6,922$6,525$6,150$5,798$4,611
7 years$6,232$5,813$5,422$5,057$4,715$3,590
8 years$5,398$4,983$4,598$4,242$3,912$2,847
9 years$4,749$4,339$3,961$3,613$3,294$2,289
10 years$4,231$3,824$3,453$3,115$2,807$1,860
11 years$3,807$3,404$3,040$2,711$2,414$1,523
12 years$3,454$3,056$2,698$2,378$2,092$1,256
13 years$3,156$2,761$2,410$2,099$1,824$1,040
14 years$2,900$2,510$2,166$1,863$1,599$866
15 years$2,679$2,293$1,955$1,662$1,408$722
16 years$2,485$2,104$1,773$1,488$1,244$605
17 years$2,315$1,938$1,613$1,337$1,103$507
18 years$2,164$1,790$1,473$1,205$981$426
19 years$2,028$1,659$1,348$1,089$874$359
20 years$1,907$1,542$1,237$986$781$303
21 years$1,797$1,436$1,138$895$699$255
22 years$1,697$1,341$1,049$814$627$216
23 years$1,606$1,254$968$741$562$182
24 years$1,523$1,175$896$676$505$154
25 years$1,446$1,102$830$617$455$131
26 years$1,376$1,036$769$564$410$111
27 years$1,311$975$714$517$369$94
28 years$1,250$919$664$473$333$79
29 years$1,194$867$618$434$301$67
30 years$1,142$819$576$398$272$57
31 years$1,093$774$537$366$246$48
32 years$1,047$732$501$336$222$41
33 years$1,005$693$468$309$201$35
34 years$964$657$437$284$182$30
35 years$927$623$408$262$165$25
36 years$891$592$382$241$150$21
37 years$857$562$358$222$136$18
38 years$826$534$335$205$123$15
39 years$795$508$314$189$111$13
40 years$767$483$294$174$101$11
41 years$740$460$276$161$92$9
42 years$714$438$259$148$83$8
43 years$690$417$243$137$76$7
44 years$667$398$228$126$69$6
45 years$644$379$214$117$62$5
46 years$623$362$201$108$56$4
47 years$603$345$189$100$51$3
48 years$584$330$177$92$47$3
49 years$565$315$167$85$42$3
50 years$548$301$157$79$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $561,000, adding $2,847 every year, while hoping to spend $40,282 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: 51/42/7 Blend
57$561,000$561,000$561,000$561,000
58$621,159$591,426$582,730$651,611
59$641,657$577,546$559,392$658,761
60$662,896$561,636$533,922$661,946
61$684,909$543,553$506,206$664,451
62$707,731$523,149$476,125$666,218
63$731,399$500,262$443,554$667,192
64$755,953$474,726$408,364$667,309
65$781,434$446,362$370,419$666,507
66$807,889$414,982$329,576$664,717
67$835,364$380,387$285,688$661,867
68$863,912$342,367$238,599$657,884
69$893,587$300,698$188,148$652,687
70$924,448$255,147$134,165$646,195
71$956,557$205,465$76,476$638,321
72$989,983$151,390$14,894$628,974
73$1,024,797$92,645$0$618,060
74$1,061,079$28,936$0$609,274
75$1,098,912$0$0$600,151
76$1,138,386$0$0$607,992
77$1,179,599$0$0$630,152
78$1,222,656$0$0$653,318
79$1,267,671$0$0$677,551
80$1,314,768$0$0$702,921
81$1,364,078$0$0$729,501
82$1,415,748$0$0$757,370
83$1,469,933$0$0$786,616
84$1,526,802$0$0$817,333
85$1,586,541$0$0$849,624
86$1,649,349$0$0$883,599
87$1,715,444$0$0$919,379
88$1,785,064$0$0$957,098
89$1,858,466$0$0$996,898
90$1,935,932$0$0$1,038,936
91$2,017,769$0$0$1,083,383
92$2,104,310$0$0$1,130,426
93$2,195,922$0$0$1,180,268
94$2,293,003$0$0$1,233,133
95$2,395,989$0$0$1,289,262
96$2,505,356$0$0$1,348,922
97$2,621,624$0$0$1,412,405
98$2,745,366$0$0$1,480,028
99$2,877,203$0$0$1,552,141
100$3,017,820$0$0$1,629,126