Can I retire at age 58 with 521,000?

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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$43,024$42,640$42,267$41,902$41,545$41,353
2 years$21,299$20,902$20,518$20,145$19,783$19,589
3 years$14,058$13,660$13,276$12,907$12,551$12,361
4 years$10,439$10,041$9,662$9,299$8,952$8,767
5 years$8,267$7,873$7,498$7,142$6,805$6,627
6 years$6,820$6,429$6,059$5,712$5,385$5,213
7 years$5,787$5,399$5,035$4,696$4,379$4,214
8 years$5,013$4,628$4,270$3,939$3,633$3,474
9 years$4,411$4,029$3,678$3,355$3,059$2,907
10 years$3,929$3,552$3,207$2,892$2,607$2,461
11 years$3,536$3,162$2,823$2,517$2,242$2,103
12 years$3,208$2,838$2,505$2,208$1,943$1,810
13 years$2,931$2,565$2,238$1,949$1,694$1,567
14 years$2,693$2,331$2,011$1,730$1,485$1,364
15 years$2,488$2,130$1,816$1,543$1,308$1,192
16 years$2,308$1,954$1,646$1,382$1,156$1,046
17 years$2,150$1,799$1,498$1,242$1,025$921
18 years$2,009$1,663$1,368$1,119$911$812
19 years$1,884$1,541$1,252$1,011$812$718
20 years$1,771$1,432$1,149$916$725$637
21 years$1,669$1,334$1,057$831$649$565
22 years$1,576$1,245$974$756$582$503
23 years$1,492$1,164$899$688$522$448
24 years$1,414$1,091$832$628$469$399
25 years$1,343$1,024$770$573$422$356
26 years$1,278$962$714$524$381$318
27 years$1,217$906$663$480$343$284
28 years$1,161$853$617$440$310$254
29 years$1,109$805$574$403$280$228
30 years$1,061$760$535$370$253$204
31 years$1,015$719$498$340$228$183
32 years$973$680$465$312$207$164
33 years$933$644$434$287$187$147
34 years$896$610$406$264$169$132
35 years$861$579$379$243$153$118
36 years$827$550$355$224$139$106
37 years$796$522$332$206$126$95
38 years$767$496$311$190$114$86
39 years$739$472$291$175$103$77
40 years$712$449$273$162$94$69
41 years$687$427$256$149$85$62
42 years$663$407$240$138$77$56
43 years$641$388$225$127$70$50
44 years$619$369$212$117$64$45
45 years$598$352$199$108$58$41
46 years$579$336$187$100$52$37
47 years$560$321$175$93$48$33
48 years$542$306$165$85$43$30
49 years$525$292$155$79$39$27
50 years$509$279$146$73$36$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $521,000, adding $6,961 every year, while hoping to spend $41,322 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: 53/35/12 Blend
57$521,000$521,000$521,000$521,000
58$581,322$553,709$545,634$609,951
59$596,651$536,875$519,946$613,385
60$612,158$517,830$492,013$612,090
61$627,818$496,424$461,716$609,727
62$643,602$472,496$428,930$606,205
63$659,477$445,875$393,526$601,426
64$675,402$416,381$355,368$595,285
65$691,335$383,826$314,314$587,668
66$707,224$348,006$270,217$578,454
67$723,014$308,711$222,922$567,512
68$738,639$265,716$172,267$554,704
69$754,027$218,783$118,085$539,878
70$769,096$167,661$60,199$522,873
71$783,754$112,087$0$503,516
72$797,897$51,780$0$481,821
73$811,411$0$0$465,625
74$824,165$0$0$452,242
75$836,015$0$0$458,246
76$846,799$0$0$463,598
77$856,336$0$0$468,193
78$864,426$0$0$471,911
79$870,844$0$0$474,621
80$875,342$0$0$476,177
81$877,642$0$0$476,415
82$877,437$0$0$475,156
83$874,385$0$0$472,197
84$868,106$0$0$467,317
85$858,179$0$0$460,269
86$844,137$0$0$450,778
87$825,464$0$0$438,541
88$801,586$0$0$423,221
89$771,868$0$0$404,448
90$735,607$0$0$381,809
91$692,025$0$0$354,848
92$640,261$0$0$323,061
93$579,364$0$0$285,890
94$508,280$0$0$242,719
95$425,844$0$0$192,866
96$330,770$0$0$135,578
97$221,635$0$0$70,022
98$96,868$0$0$0
99$0$0$0$0
100$0$0$0$0