Can I retire at age 58 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$43,684$43,295$42,916$42,545$42,183$41,953
2 years$21,626$21,223$20,833$20,454$20,087$19,854
3 years$14,274$13,870$13,480$13,105$12,744$12,517
4 years$10,599$10,196$9,810$9,442$9,089$8,868
5 years$8,394$7,993$7,613$7,252$6,910$6,696
6 years$6,925$6,527$6,152$5,800$5,467$5,262
7 years$5,876$5,482$5,113$4,768$4,446$4,249
8 years$5,090$4,699$4,336$4,000$3,689$3,499
9 years$4,478$4,091$3,735$3,407$3,106$2,925
10 years$3,990$3,606$3,256$2,937$2,647$2,473
11 years$3,590$3,210$2,866$2,556$2,276$2,110
12 years$3,257$2,881$2,544$2,242$1,973$1,814
13 years$2,976$2,604$2,273$1,979$1,720$1,569
14 years$2,735$2,367$2,042$1,757$1,508$1,364
15 years$2,526$2,162$1,844$1,567$1,328$1,190
16 years$2,344$1,984$1,672$1,403$1,173$1,043
17 years$2,183$1,827$1,521$1,261$1,040$917
18 years$2,040$1,688$1,389$1,136$925$808
19 years$1,913$1,565$1,271$1,027$825$713
20 years$1,798$1,454$1,167$930$737$631
21 years$1,694$1,354$1,073$844$659$560
22 years$1,600$1,264$989$767$591$497
23 years$1,514$1,182$913$699$530$442
24 years$1,436$1,108$845$637$477$393
25 years$1,364$1,040$782$582$429$350
26 years$1,297$977$725$532$386$312
27 years$1,236$920$674$487$348$279
28 years$1,179$866$626$446$314$249
29 years$1,126$817$583$409$284$223
30 years$1,077$772$543$376$256$199
31 years$1,031$730$506$345$232$178
32 years$988$690$472$317$210$159
33 years$947$654$441$292$190$143
34 years$909$620$412$268$172$128
35 years$874$588$385$247$156$115
36 years$840$558$360$227$141$103
37 years$808$530$337$210$128$92
38 years$778$504$316$193$116$83
39 years$750$479$296$178$105$74
40 years$723$456$277$164$95$66
41 years$698$434$260$152$86$60
42 years$673$413$244$140$78$53
43 years$650$394$229$129$71$48
44 years$629$375$215$119$65$43
45 years$608$358$202$110$59$39
46 years$588$341$189$102$53$35
47 years$569$326$178$94$48$31
48 years$551$311$167$87$44$28
49 years$533$297$157$80$40$25
50 years$516$284$148$74$36$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $529,000, adding $2,604 every year, while hoping to spend $47,066 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: 50/36/14 Blend
57$529,000$529,000$529,000$529,000
58$585,644$557,607$549,408$612,561
59$595,302$534,852$517,735$608,576
60$604,367$509,404$483,424$599,112
61$612,730$481,083$446,336$587,778
62$620,268$449,695$406,327$574,412
63$626,843$415,038$363,247$558,841
64$632,303$376,897$316,938$540,876
65$636,478$335,045$267,235$520,315
66$639,179$289,242$213,968$496,939
67$640,195$239,235$156,956$470,508
68$639,294$184,756$96,012$440,768
69$636,214$125,522$30,941$407,441
70$630,670$61,234$0$370,224
71$622,342$0$0$334,545
72$610,875$0$0$302,942
73$595,878$0$0$293,618
74$576,916$0$0$282,077
75$553,508$0$0$268,051
76$525,122$0$0$251,247
77$491,167$0$0$231,338
78$450,993$0$0$207,964
79$403,877$0$0$180,726
80$349,022$0$0$149,184
81$285,546$0$0$112,851
82$212,474$0$0$71,187
83$128,731$0$0$23,599
84$33,124$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