Can I retire at age 58 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$43,189$42,804$42,429$42,062$41,705$41,304
2 years$21,381$20,982$20,597$20,222$19,859$19,455
3 years$14,112$13,712$13,327$12,957$12,600$12,205
4 years$10,479$10,080$9,699$9,335$8,986$8,604
5 years$8,299$7,903$7,527$7,170$6,831$6,463
6 years$6,847$6,453$6,083$5,734$5,405$5,051
7 years$5,809$5,419$5,055$4,714$4,396$4,056
8 years$5,032$4,645$4,287$3,954$3,647$3,322
9 years$4,428$4,045$3,692$3,368$3,071$2,760
10 years$3,944$3,565$3,219$2,904$2,617$2,320
11 years$3,549$3,174$2,834$2,527$2,251$1,967
12 years$3,220$2,849$2,515$2,216$1,950$1,681
13 years$2,942$2,574$2,247$1,957$1,701$1,444
14 years$2,704$2,340$2,019$1,737$1,491$1,247
15 years$2,497$2,138$1,823$1,549$1,313$1,081
16 years$2,317$1,961$1,653$1,387$1,160$941
17 years$2,158$1,806$1,504$1,246$1,029$821
18 years$2,017$1,669$1,373$1,123$915$719
19 years$1,891$1,547$1,257$1,015$815$630
20 years$1,778$1,437$1,153$919$728$554
21 years$1,675$1,339$1,061$834$652$487
22 years$1,582$1,250$978$758$584$429
23 years$1,497$1,169$903$691$524$379
24 years$1,420$1,095$835$630$471$335
25 years$1,348$1,028$773$575$424$296
26 years$1,283$966$717$526$382$262
27 years$1,222$909$666$482$344$232
28 years$1,166$857$619$441$311$205
29 years$1,113$808$576$405$281$182
30 years$1,065$763$537$371$254$161
31 years$1,019$721$500$341$229$143
32 years$977$683$467$313$207$127
33 years$937$646$436$288$188$113
34 years$899$613$407$265$170$100
35 years$864$581$381$244$154$89
36 years$831$552$356$225$139$79
37 years$799$524$333$207$126$70
38 years$770$498$312$191$115$63
39 years$742$473$292$176$104$56
40 years$715$450$274$162$94$50
41 years$690$429$257$150$85$44
42 years$666$408$241$138$78$39
43 years$643$389$226$128$70$35
44 years$621$371$212$118$64$31
45 years$601$354$199$109$58$28
46 years$581$337$187$101$53$25
47 years$562$322$176$93$48$22
48 years$544$307$165$86$43$19
49 years$527$294$155$79$39$17
50 years$511$280$146$73$36$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $523,000, adding $4,388 every year, while hoping to spend $49,238 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: 30/41/29 Blend
57$523,000$523,000$523,000$523,000
58$580,872$553,153$545,047$593,027
59$587,732$527,869$510,917$577,629
60$593,642$499,695$473,994$556,499
61$598,452$468,439$434,131$532,802
62$601,997$433,895$391,177$506,349
63$604,092$395,848$344,973$476,939
64$604,533$354,068$295,353$444,357
65$603,092$308,314$242,144$408,371
66$599,516$258,330$185,165$368,733
67$593,525$203,846$124,226$325,179
68$584,808$144,578$59,131$277,425
69$573,020$80,224$0$225,164
70$557,779$10,466$0$171,269
71$538,663$0$0$131,923
72$515,202$0$0$117,842
73$486,879$0$0$106,825
74$453,119$0$0$93,959
75$413,288$0$0$79,032
76$366,684$0$0$61,810
77$312,530$0$0$42,035
78$249,969$0$0$19,422
79$178,051$0$0$0
80$95,729$0$0$0
81$1,845$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0