Can I retire at age 58 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$47,731$47,306$46,891$46,486$46,091$44,544
2 years$23,629$23,189$22,762$22,349$21,948$20,405
3 years$15,596$15,154$14,729$14,319$13,925$12,434
4 years$11,581$11,140$10,719$10,316$9,931$8,504
5 years$9,172$8,734$8,318$7,924$7,550$6,190
6 years$7,567$7,132$6,722$6,337$5,974$4,682
7 years$6,420$5,989$5,586$5,210$4,858$3,635
8 years$5,561$5,134$4,738$4,370$4,030$2,874
9 years$4,893$4,470$4,081$3,723$3,394$2,304
10 years$4,359$3,940$3,558$3,209$2,892$1,866
11 years$3,922$3,508$3,132$2,793$2,487$1,523
12 years$3,559$3,148$2,780$2,450$2,155$1,252
13 years$3,251$2,845$2,483$2,163$1,880$1,033
14 years$2,988$2,586$2,231$1,920$1,648$857
15 years$2,760$2,362$2,015$1,712$1,451$713
16 years$2,561$2,168$1,826$1,533$1,282$594
17 years$2,385$1,996$1,662$1,377$1,137$497
18 years$2,229$1,845$1,517$1,241$1,011$416
19 years$2,090$1,710$1,389$1,122$901$349
20 years$1,964$1,589$1,275$1,016$805$293
21 years$1,851$1,480$1,172$922$720$246
22 years$1,748$1,381$1,081$838$646$207
23 years$1,655$1,292$998$763$579$174
24 years$1,569$1,210$923$696$521$147
25 years$1,490$1,136$855$636$469$124
26 years$1,418$1,068$793$581$422$105
27 years$1,350$1,005$736$532$381$88
28 years$1,288$947$684$488$343$74
29 years$1,230$893$637$447$310$63
30 years$1,177$843$593$410$280$53
31 years$1,126$797$553$377$253$45
32 years$1,079$754$516$346$229$38
33 years$1,035$714$482$319$207$32
34 years$994$677$450$293$188$27
35 years$955$642$421$270$170$23
36 years$918$610$394$248$154$19
37 years$883$579$368$229$140$16
38 years$851$550$345$211$127$14
39 years$820$523$323$195$115$12
40 years$790$498$303$179$104$10
41 years$762$474$284$166$94$8
42 years$736$451$266$153$86$7
43 years$711$430$250$141$78$6
44 years$687$410$235$130$71$5
45 years$664$391$220$120$64$4
46 years$642$373$207$111$58$4
47 years$621$356$194$103$53$3
48 years$601$340$183$95$48$3
49 years$583$324$172$88$44$2
50 years$564$310$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $578,000, adding $4,425 every year, while hoping to spend $24,793 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: 22/50/28 Blend
57$578,000$578,000$578,000$578,000
58$641,520$610,886$601,927$649,869
59$680,576$614,440$595,712$661,146
60$722,784$617,337$588,458$670,846
61$768,440$619,519$580,104$680,690
62$817,870$620,924$570,586$690,706
63$871,429$621,485$559,837$700,926
64$929,510$621,134$547,787$711,388
65$992,545$619,794$534,363$722,138
66$1,061,009$617,389$519,488$733,227
67$1,135,424$613,833$503,083$744,713
68$1,216,364$609,037$485,063$756,667
69$1,304,461$602,908$465,341$769,165
70$1,400,412$595,346$443,825$782,299
71$1,504,980$586,245$420,420$796,169
72$1,619,009$575,492$395,025$810,894
73$1,743,425$562,968$367,535$826,603
74$1,879,249$548,548$337,842$843,449
75$2,027,604$532,098$305,831$861,599
76$2,189,726$513,477$271,383$881,246
77$2,366,976$492,536$234,373$902,604
78$2,560,854$469,117$194,671$925,918
79$2,773,010$443,052$152,141$951,459
80$3,005,260$414,165$106,641$979,534
81$3,259,607$382,269$58,023$1,010,489
82$3,538,252$347,166$6,133$1,044,709
83$3,843,624$308,647$0$1,082,626
84$4,178,394$266,491$0$1,139,435
85$4,545,506$220,465$0$1,203,877
86$4,948,203$170,323$0$1,274,773
87$5,390,055$115,805$0$1,352,853
88$5,874,996$56,634$0$1,438,926
89$6,407,358$0$0$1,533,889
90$6,991,914$0$0$1,642,852
91$7,633,922$0$0$1,796,854
92$8,339,173$0$0$1,966,137
93$9,114,046$0$0$2,152,245
94$9,965,572$0$0$2,356,882
95$10,901,493$0$0$2,581,923
96$11,930,340$0$0$2,829,434
97$13,061,511$0$0$3,101,692
98$14,305,362$0$0$3,401,206
99$15,673,300$0$0$3,730,739
100$17,177,894$0$0$4,093,336