Can I retire at age 58 with 600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$49,547$49,106$48,676$48,255$47,845$46,631
2 years$24,528$24,072$23,629$23,200$22,783$21,569
3 years$16,190$15,731$15,289$14,864$14,455$13,277
4 years$12,021$11,564$11,127$10,709$10,309$9,177
5 years$9,521$9,066$8,635$8,225$7,837$6,754
6 years$7,855$7,403$6,978$6,578$6,201$5,168
7 years$6,665$6,217$5,799$5,408$5,043$4,060
8 years$5,773$5,329$4,918$4,537$4,184$3,251
9 years$5,079$4,640$4,236$3,864$3,523$2,639
10 years$4,525$4,090$3,693$3,331$3,002$2,166
11 years$4,072$3,641$3,251$2,899$2,582$1,792
12 years$3,694$3,268$2,885$2,543$2,237$1,493
13 years$3,375$2,953$2,578$2,245$1,951$1,250
14 years$3,102$2,685$2,316$1,993$1,710$1,052
15 years$2,865$2,452$2,091$1,777$1,506$888
16 years$2,658$2,250$1,896$1,591$1,331$752
17 years$2,476$2,072$1,725$1,430$1,180$638
18 years$2,314$1,915$1,575$1,289$1,049$543
19 years$2,169$1,775$1,442$1,164$935$462
20 years$2,039$1,649$1,323$1,054$835$395
21 years$1,922$1,536$1,217$957$748$337
22 years$1,815$1,434$1,122$870$670$288
23 years$1,718$1,341$1,036$792$601$247
24 years$1,629$1,256$958$723$541$211
25 years$1,547$1,179$887$660$486$181
26 years$1,472$1,108$823$604$438$155
27 years$1,402$1,043$764$552$395$133
28 years$1,337$983$710$506$356$115
29 years$1,277$927$661$464$322$98
30 years$1,221$876$616$426$291$84
31 years$1,169$828$574$391$263$73
32 years$1,120$783$536$360$238$62
33 years$1,075$742$500$331$215$54
34 years$1,032$703$467$304$195$46
35 years$991$667$437$280$177$40
36 years$953$633$409$258$160$34
37 years$917$601$382$238$145$29
38 years$883$571$358$219$131$25
39 years$851$543$336$202$119$22
40 years$820$517$315$186$108$19
41 years$791$492$295$172$98$16
42 years$764$468$277$159$89$14
43 years$738$446$260$146$81$12
44 years$713$425$244$135$73$10
45 years$689$406$229$125$67$9
46 years$667$387$215$115$60$8
47 years$645$369$202$107$55$7
48 years$624$353$190$98$50$6
49 years$605$337$178$91$45$5
50 years$586$322$168$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $600,000, adding $3,911 every year, while hoping to spend $21,840 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: 43/42/15 Blend
57$600,000$600,000$600,000$600,000
58$665,234$633,434$624,134$690,782
59$709,850$641,235$621,805$716,895
60$758,286$648,686$618,666$742,693
61$810,906$655,747$614,667$770,171
62$868,115$662,375$609,755$799,493
63$930,356$668,525$603,875$830,840
64$998,117$674,147$596,969$864,413
65$1,071,935$679,190$588,977$900,435
66$1,152,400$683,598$579,836$939,151
67$1,240,164$687,313$569,479$980,833
68$1,335,941$690,272$557,837$1,025,781
69$1,440,519$692,408$544,837$1,074,330
70$1,554,767$693,651$530,404$1,126,847
71$1,679,639$693,925$514,458$1,183,739
72$1,816,185$693,150$496,915$1,245,455
73$1,965,563$691,242$477,690$1,312,495
74$2,129,048$688,110$456,690$1,385,407
75$2,308,043$683,660$433,821$1,464,801
76$2,504,093$677,789$408,984$1,551,348
77$2,718,901$670,390$382,074$1,645,791
78$2,954,339$661,350$352,984$1,748,952
79$3,212,472$650,547$321,600$1,861,738
80$3,495,574$637,853$287,803$1,985,151
81$3,806,148$623,134$251,470$2,120,300
82$4,146,953$606,245$212,472$2,268,407
83$4,521,026$587,035$170,674$2,430,826
84$4,931,714$565,343$125,934$2,609,049
85$5,382,702$540,998$78,107$2,804,724
86$5,878,052$513,821$27,038$3,019,674
87$6,422,236$483,621$0$3,255,908
88$7,020,183$450,197$0$3,520,044
89$7,677,321$413,336$0$3,815,042
90$8,399,631$372,813$0$4,139,303
91$9,193,702$328,390$0$4,495,846
92$10,066,793$279,815$0$4,887,999
93$11,026,903$226,823$0$5,319,435
94$12,082,843$169,133$0$5,794,206
95$13,244,322$106,449$0$6,316,781
96$14,522,036$38,458$0$6,892,092
97$15,927,771$0$0$7,525,577
98$17,474,511$0$0$8,239,490
99$19,176,566$0$0$9,044,735
100$21,049,700$0$0$9,931,006