Can I retire at age 58 with 525,000?

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 $525,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$43,354$42,968$42,591$42,223$41,864$40,476
2 years$21,462$21,063$20,675$20,300$19,935$18,550
3 years$14,166$13,765$13,378$13,006$12,648$11,309
4 years$10,519$10,118$9,736$9,370$9,021$7,738
5 years$8,331$7,933$7,556$7,197$6,857$5,635
6 years$6,873$6,478$6,106$5,756$5,426$4,265
7 years$5,832$5,440$5,074$4,732$4,413$3,313
8 years$5,051$4,663$4,303$3,970$3,661$2,621
9 years$4,444$4,060$3,706$3,381$3,083$2,103
10 years$3,959$3,579$3,231$2,915$2,627$1,704
11 years$3,563$3,186$2,845$2,537$2,259$1,392
12 years$3,232$2,860$2,525$2,225$1,958$1,144
13 years$2,953$2,584$2,256$1,964$1,707$946
14 years$2,714$2,349$2,027$1,744$1,496$784
15 years$2,507$2,146$1,830$1,555$1,318$653
16 years$2,326$1,969$1,659$1,392$1,165$545
17 years$2,166$1,813$1,510$1,251$1,033$456
18 years$2,025$1,675$1,378$1,127$918$382
19 years$1,898$1,553$1,262$1,019$818$321
20 years$1,784$1,443$1,158$923$731$269
21 years$1,681$1,344$1,065$837$654$227
22 years$1,588$1,255$982$761$586$191
23 years$1,503$1,173$906$693$526$161
24 years$1,425$1,099$838$632$473$136
25 years$1,354$1,032$776$578$426$114
26 years$1,288$970$720$528$383$97
27 years$1,227$913$669$483$346$82
28 years$1,170$860$622$443$312$69
29 years$1,118$811$578$406$282$58
30 years$1,069$766$539$373$255$49
31 years$1,023$724$502$342$230$42
32 years$980$685$469$315$208$35
33 years$940$649$438$289$188$30
34 years$903$615$409$266$171$25
35 years$867$583$382$245$154$21
36 years$834$554$358$226$140$18
37 years$802$526$335$208$127$15
38 years$773$500$313$192$115$13
39 years$744$475$294$177$104$11
40 years$718$452$275$163$95$9
41 years$692$430$258$150$86$8
42 years$668$410$242$139$78$7
43 years$646$391$227$128$71$6
44 years$624$372$213$118$64$5
45 years$603$355$200$109$58$4
46 years$583$339$188$101$53$3
47 years$564$323$177$93$48$3
48 years$546$309$166$86$44$2
49 years$529$295$156$80$40$2
50 years$513$281$147$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $525,000, adding $6,922 every year, while hoping to spend $42,012 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: 67/7/26 Blend
57$525,000$525,000$525,000$525,000
58$585,690$557,865$549,728$620,545
59$600,730$540,500$523,443$627,484
60$615,896$520,876$494,870$629,676
61$631,156$498,838$463,887$631,116
62$646,475$474,222$430,368$631,733
63$661,811$446,854$394,181$631,447
64$677,118$416,552$355,188$630,174
65$692,341$383,120$313,244$627,820
66$707,421$346,354$268,198$624,287
67$722,289$306,037$219,895$619,466
68$736,870$261,940$168,169$613,239
69$751,077$213,821$112,848$605,480
70$764,812$161,424$53,754$596,049
71$777,968$104,479$0$584,797
72$790,423$42,700$0$574,144
73$802,041$0$0$577,412
74$812,670$0$0$581,402
75$822,142$0$0$587,809
76$830,267$0$0$593,203
77$836,835$0$0$597,428
78$841,612$0$0$600,311
79$844,338$0$0$601,660
80$844,724$0$0$601,260
81$842,449$0$0$598,873
82$837,155$0$0$594,236
83$828,449$0$0$587,056
84$815,890$0$0$577,007
85$798,993$0$0$563,732
86$777,219$0$0$546,829
87$749,970$0$0$525,860
88$716,587$0$0$500,333
89$676,337$0$0$469,710
90$628,412$0$0$433,391
91$571,916$0$0$390,713
92$505,858$0$0$340,946
93$429,144$0$0$283,280
94$340,563$0$0$216,820
95$238,778$0$0$140,577
96$122,310$0$0$53,459
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0