Can I retire at age 58 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$43,849$43,459$43,078$42,706$42,343$41,053
2 years$21,708$21,303$20,912$20,532$20,163$18,875
3 years$14,328$13,922$13,531$13,155$12,792$11,546
4 years$10,639$10,234$9,847$9,477$9,124$7,929
5 years$8,426$8,024$7,642$7,279$6,936$5,795
6 years$6,951$6,552$6,176$5,821$5,488$4,403
7 years$5,898$5,502$5,132$4,786$4,463$3,434
8 years$5,109$4,716$4,352$4,015$3,703$2,728
9 years$4,495$4,107$3,749$3,420$3,118$2,198
10 years$4,005$3,620$3,268$2,948$2,657$1,789
11 years$3,603$3,222$2,877$2,566$2,285$1,468
12 years$3,269$2,892$2,554$2,250$1,980$1,212
13 years$2,987$2,614$2,281$1,987$1,727$1,007
14 years$2,745$2,376$2,050$1,764$1,514$839
15 years$2,536$2,170$1,851$1,573$1,333$702
16 years$2,353$1,991$1,678$1,408$1,178$589
17 years$2,191$1,834$1,527$1,265$1,044$495
18 years$2,048$1,695$1,394$1,140$929$417
19 years$1,920$1,571$1,276$1,030$828$352
20 years$1,805$1,459$1,171$933$739$297
21 years$1,701$1,359$1,077$847$662$251
22 years$1,606$1,269$993$770$593$213
23 years$1,520$1,187$917$701$532$180
24 years$1,441$1,112$848$640$478$153
25 years$1,369$1,044$785$584$431$130
26 years$1,302$981$728$534$388$110
27 years$1,241$923$676$489$350$94
28 years$1,183$870$629$448$315$79
29 years$1,130$821$585$411$285$68
30 years$1,081$775$545$377$257$57
31 years$1,035$733$508$346$233$49
32 years$991$693$474$318$211$41
33 years$951$656$443$293$191$35
34 years$913$622$413$269$172$30
35 years$877$590$387$248$156$26
36 years$843$560$362$228$142$22
37 years$812$532$338$210$128$18
38 years$781$506$317$194$116$16
39 years$753$481$297$179$105$13
40 years$726$457$278$165$96$11
41 years$700$435$261$152$87$10
42 years$676$415$245$140$79$8
43 years$653$395$230$130$71$7
44 years$631$377$216$120$65$6
45 years$610$359$202$110$59$5
46 years$590$343$190$102$53$4
47 years$571$327$179$94$49$4
48 years$553$312$168$87$44$3
49 years$535$298$158$81$40$3
50 years$518$285$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $531,000, adding $4,121 every year, while hoping to spend $29,819 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: 63/27/10 Blend
57$531,000$531,000$531,000$531,000
58$589,413$561,270$553,039$624,987
59$617,806$557,045$539,839$645,047
60$648,095$551,613$525,197$663,105
61$680,444$544,885$509,034$682,070
62$715,028$536,764$491,265$702,030
63$752,043$527,147$471,805$723,082
64$791,702$515,928$450,561$745,334
65$834,240$502,993$427,439$768,907
66$879,912$488,219$402,338$793,935
67$929,002$471,480$375,155$820,566
68$981,817$452,640$345,780$848,965
69$1,038,699$431,556$314,100$879,317
70$1,100,020$408,076$279,996$911,824
71$1,166,190$382,039$243,343$946,715
72$1,237,659$353,277$204,013$984,239
73$1,314,922$321,610$161,870$1,024,676
74$1,398,523$286,848$116,772$1,068,335
75$1,489,060$248,791$68,571$1,115,560
76$1,587,191$207,228$17,115$1,166,731
77$1,693,637$161,935$0$1,222,270
78$1,809,195$112,677$0$1,286,678
79$1,934,738$59,203$0$1,358,651
80$2,071,227$1,250$0$1,436,955
81$2,219,722$0$0$1,522,244
82$2,381,386$0$0$1,633,505
83$2,557,500$0$0$1,755,151
84$2,749,475$0$0$1,887,787
85$2,958,860$0$0$2,032,492
86$3,187,364$0$0$2,190,449
87$3,436,867$0$0$2,362,963
88$3,709,437$0$0$2,551,469
89$4,007,353$0$0$2,757,549
90$4,333,122$0$0$2,982,943
91$4,689,506$0$0$3,229,567
92$5,079,545$0$0$3,499,531
93$5,506,586$0$0$3,795,158
94$5,974,317$0$0$4,119,008
95$6,486,797$0$0$4,473,898
96$7,048,498$0$0$4,862,931
97$7,664,344$0$0$5,289,526
98$8,339,759$0$0$5,757,446
99$9,080,716$0$0$6,270,838
100$9,893,795$0$0$6,834,270