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%11.4%
1 years$47,731$47,306$46,891$46,486$46,091$45,819
2 years$23,629$23,189$22,762$22,349$21,948$21,674
3 years$15,596$15,154$14,729$14,319$13,925$13,657
4 years$11,581$11,140$10,719$10,316$9,931$9,672
5 years$9,172$8,734$8,318$7,924$7,550$7,299
6 years$7,567$7,132$6,722$6,337$5,974$5,732
7 years$6,420$5,989$5,586$5,210$4,858$4,626
8 years$5,561$5,134$4,738$4,370$4,030$3,808
9 years$4,893$4,470$4,081$3,723$3,394$3,181
10 years$4,359$3,940$3,558$3,209$2,892$2,688
11 years$3,922$3,508$3,132$2,793$2,487$2,292
12 years$3,559$3,148$2,780$2,450$2,155$1,969
13 years$3,251$2,845$2,483$2,163$1,880$1,702
14 years$2,988$2,586$2,231$1,920$1,648$1,478
15 years$2,760$2,362$2,015$1,712$1,451$1,290
16 years$2,561$2,168$1,826$1,533$1,282$1,129
17 years$2,385$1,996$1,662$1,377$1,137$992
18 years$2,229$1,845$1,517$1,241$1,011$873
19 years$2,090$1,710$1,389$1,122$901$771
20 years$1,964$1,589$1,275$1,016$805$682
21 years$1,851$1,480$1,172$922$720$604
22 years$1,748$1,381$1,081$838$646$536
23 years$1,655$1,292$998$763$579$476
24 years$1,569$1,210$923$696$521$423
25 years$1,490$1,136$855$636$469$377
26 years$1,418$1,068$793$581$422$336
27 years$1,350$1,005$736$532$381$299
28 years$1,288$947$684$488$343$267
29 years$1,230$893$637$447$310$239
30 years$1,177$843$593$410$280$213
31 years$1,126$797$553$377$253$191
32 years$1,079$754$516$346$229$170
33 years$1,035$714$482$319$207$152
34 years$994$677$450$293$188$136
35 years$955$642$421$270$170$122
36 years$918$610$394$248$154$109
37 years$883$579$368$229$140$98
38 years$851$550$345$211$127$88
39 years$820$523$323$195$115$79
40 years$790$498$303$179$104$71
41 years$762$474$284$166$94$63
42 years$736$451$266$153$86$57
43 years$711$430$250$141$78$51
44 years$687$410$235$130$71$46
45 years$664$391$220$120$64$41
46 years$642$373$207$111$58$37
47 years$621$356$194$103$53$33
48 years$601$340$183$95$48$30
49 years$583$324$172$88$44$26
50 years$564$310$162$81$40$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $578,000, adding $4,931 every year, while hoping to spend $20,002 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: 50/43/7 Blend
57$578,000$578,000$578,000$578,000
58$642,042$611,408$602,449$672,759
59$686,249$620,085$601,349$702,913
60$734,294$628,517$599,542$733,109
61$786,548$636,671$596,983$765,445
62$843,419$644,510$593,625$800,127
63$905,354$651,999$589,418$837,382
64$972,849$659,095$584,312$877,459
65$1,046,445$665,756$578,252$920,635
66$1,126,740$671,936$571,181$967,213
67$1,214,392$677,585$563,041$1,017,531
68$1,310,126$682,653$553,768$1,071,960
69$1,414,738$687,082$543,299$1,130,908
70$1,529,107$690,815$531,565$1,194,827
71$1,654,198$693,787$518,495$1,264,218
72$1,791,077$695,932$504,014$1,339,630
73$1,940,913$697,180$488,045$1,421,672
74$2,104,998$697,453$470,507$1,511,014
75$2,284,752$696,673$451,313$1,608,398
76$2,481,739$694,753$430,375$1,714,639
77$2,697,684$691,603$407,600$1,830,641
78$2,934,483$687,127$382,890$1,957,398
79$3,194,228$681,223$356,144$2,096,009
80$3,479,220$673,784$327,255$2,247,687
81$3,791,995$664,694$296,113$2,413,769
82$4,135,347$653,833$262,602$2,595,731
83$4,512,353$641,071$226,599$2,795,202
84$4,926,402$626,273$187,980$3,013,979
85$5,381,229$609,294$146,611$3,254,045
86$5,880,947$589,982$102,354$3,517,588
87$6,430,087$568,174$55,066$3,807,022
88$7,033,641$543,700$4,597$4,125,009
89$7,697,110$516,380$0$4,474,487
90$8,426,554$486,020$0$4,862,375
91$9,228,647$452,420$0$5,289,176
92$10,110,745$415,365$0$5,758,502
93$11,080,952$374,628$0$6,274,714
94$12,148,195$329,971$0$6,842,626
95$13,322,312$281,141$0$7,467,543
96$14,614,142$227,871$0$8,155,317
97$16,035,627$169,879$0$8,912,401
98$17,599,924$106,866$0$9,745,910
99$19,321,533$38,519$0$10,663,692
100$21,216,427$0$0$11,674,398