Can I retire at age 58 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$46,492$46,078$45,674$45,279$44,894$43,527
2 years$23,016$22,587$22,172$21,769$21,378$20,012
3 years$15,191$14,761$14,347$13,948$13,563$12,242
4 years$11,280$10,851$10,441$10,048$9,673$8,406
5 years$8,934$8,507$8,102$7,718$7,354$6,144
6 years$7,370$6,947$6,548$6,172$5,819$4,668
7 years$6,254$5,834$5,441$5,075$4,732$3,641
8 years$5,417$5,001$4,615$4,257$3,926$2,893
9 years$4,766$4,354$3,975$3,626$3,306$2,330
10 years$4,246$3,838$3,465$3,126$2,817$1,897
11 years$3,821$3,417$3,051$2,720$2,423$1,556
12 years$3,466$3,067$2,707$2,386$2,099$1,285
13 years$3,167$2,771$2,419$2,106$1,831$1,067
14 years$2,910$2,519$2,173$1,870$1,605$890
15 years$2,688$2,301$1,962$1,668$1,413$744
16 years$2,494$2,111$1,779$1,493$1,249$624
17 years$2,323$1,944$1,619$1,342$1,107$525
18 years$2,171$1,797$1,478$1,209$985$442
19 years$2,036$1,665$1,353$1,092$878$373
20 years$1,913$1,547$1,242$989$784$315
21 years$1,803$1,441$1,142$898$701$267
22 years$1,703$1,345$1,053$816$629$226
23 years$1,612$1,258$972$744$564$191
24 years$1,528$1,179$899$678$507$162
25 years$1,452$1,106$832$619$456$138
26 years$1,381$1,040$772$566$411$117
27 years$1,315$979$717$518$371$99
28 years$1,255$922$666$475$335$84
29 years$1,198$870$620$436$302$72
30 years$1,146$822$578$400$273$61
31 years$1,097$777$539$367$247$52
32 years$1,051$735$503$337$223$44
33 years$1,008$696$469$310$202$37
34 years$968$660$438$285$183$32
35 years$930$626$410$263$166$27
36 years$894$594$383$242$150$23
37 years$860$564$359$223$136$20
38 years$829$536$336$206$123$17
39 years$798$510$315$190$112$14
40 years$770$485$295$175$101$12
41 years$743$462$277$161$92$10
42 years$717$440$260$149$84$9
43 years$692$419$244$137$76$7
44 years$669$399$229$127$69$6
45 years$647$381$215$117$62$5
46 years$625$363$202$108$57$5
47 years$605$347$189$100$51$4
48 years$586$331$178$92$47$3
49 years$567$316$167$85$42$3
50 years$550$302$157$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $563,000, adding $4,924 every year, while hoping to spend $22,059 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: 72/23/5 Blend
57$563,000$563,000$563,000$563,000
58$625,505$595,666$586,940$669,908
59$665,836$601,383$583,131$705,557
60$709,541$606,641$578,456$741,326
61$756,942$611,394$572,862$779,859
62$808,391$615,593$566,294$821,422
63$864,276$619,186$558,694$866,308
64$925,025$622,119$550,003$914,839
65$991,106$624,332$540,157$967,371
66$1,063,038$625,763$529,091$1,024,294
67$1,141,388$626,345$516,735$1,086,042
68$1,226,782$626,008$503,018$1,153,089
69$1,319,909$624,678$487,865$1,225,959
70$1,421,526$622,274$471,195$1,305,233
71$1,532,469$618,713$452,927$1,391,546
72$1,653,655$613,904$432,975$1,485,601
73$1,786,096$607,753$411,247$1,588,174
74$1,930,904$600,160$387,650$1,700,117
75$2,089,306$591,017$362,086$1,822,374
76$2,262,650$580,211$334,451$1,955,982
77$2,452,423$567,624$304,637$2,102,086
78$2,660,260$553,128$272,533$2,261,948
79$2,887,964$536,589$238,021$2,436,959
80$3,137,519$517,865$200,977$2,628,653
81$3,411,111$496,805$161,275$2,838,721
82$3,711,146$473,250$118,779$3,069,029
83$4,040,277$447,033$73,352$3,321,631
84$4,401,422$417,975$24,846$3,598,795
85$4,797,798$385,887$0$3,903,020
86$5,232,950$350,571$0$4,238,496
87$5,710,778$311,817$0$4,608,333
88$6,235,583$269,402$0$5,014,562
89$6,812,101$223,091$0$5,460,884
90$7,445,550$172,636$0$5,951,379
91$8,141,676$117,775$0$6,490,545
92$8,906,812$58,232$0$7,083,338
93$9,747,935$0$0$7,735,224
94$10,672,731$0$0$8,453,817
95$11,689,666$0$0$9,260,242
96$12,808,071$0$0$10,147,163
97$14,038,224$0$0$11,122,734
98$15,391,450$0$0$12,195,942
99$16,880,227$0$0$13,376,685
100$18,518,303$0$0$14,675,872