Can I retire at age 58 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$44,097$43,704$43,321$42,947$42,582$42,120
2 years$21,830$21,424$21,030$20,648$20,277$19,812
3 years$14,409$14,001$13,608$13,229$12,865$12,410
4 years$10,699$10,292$9,903$9,531$9,175$8,736
5 years$8,474$8,069$7,685$7,321$6,975$6,552
6 years$6,991$6,589$6,211$5,854$5,519$5,112
7 years$5,932$5,533$5,161$4,813$4,488$4,098
8 years$5,138$4,743$4,377$4,038$3,724$3,350
9 years$4,521$4,130$3,770$3,439$3,136$2,779
10 years$4,027$3,640$3,287$2,965$2,672$2,331
11 years$3,624$3,241$2,894$2,580$2,298$1,974
12 years$3,288$2,909$2,568$2,263$1,991$1,683
13 years$3,004$2,629$2,294$1,998$1,736$1,443
14 years$2,761$2,389$2,061$1,774$1,522$1,244
15 years$2,550$2,183$1,861$1,582$1,340$1,076
16 years$2,366$2,003$1,687$1,416$1,184$935
17 years$2,204$1,844$1,536$1,272$1,050$814
18 years$2,059$1,704$1,402$1,147$934$711
19 years$1,931$1,579$1,283$1,036$832$622
20 years$1,815$1,468$1,178$938$743$545
21 years$1,710$1,367$1,083$852$665$479
22 years$1,615$1,276$998$774$596$421
23 years$1,529$1,194$922$705$535$370
24 years$1,450$1,118$853$643$481$326
25 years$1,377$1,049$790$587$433$288
26 years$1,310$986$732$537$390$254
27 years$1,248$928$680$492$352$225
28 years$1,190$875$632$450$317$198
29 years$1,137$825$588$413$286$176
30 years$1,087$779$548$379$259$155
31 years$1,041$737$511$348$234$137
32 years$997$697$477$320$212$122
33 years$956$660$445$294$192$108
34 years$918$626$416$271$173$96
35 years$882$593$389$249$157$85
36 years$848$563$364$230$142$75
37 years$816$535$340$211$129$67
38 years$786$508$319$195$117$59
39 years$757$483$299$180$106$52
40 years$730$460$280$166$96$46
41 years$704$438$262$153$87$41
42 years$680$417$246$141$79$37
43 years$657$397$231$130$72$32
44 years$634$379$217$120$65$29
45 years$613$361$204$111$59$26
46 years$593$344$191$103$54$23
47 years$574$329$180$95$49$20
48 years$556$314$169$88$44$18
49 years$538$300$159$81$40$16
50 years$521$286$149$75$37$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $534,000, adding $5,064 every year, while hoping to spend $24,774 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: 75/8/17 Blend
57$534,000$534,000$534,000$534,000
58$593,692$565,390$557,113$635,566
59$627,889$566,734$549,416$665,310
60$664,744$567,315$540,632$694,348
61$704,501$567,067$530,697$725,515
62$747,431$565,924$519,546$759,017
63$793,828$563,813$507,110$795,080
64$844,018$560,659$493,317$833,955
65$898,357$556,381$478,093$875,916
66$957,239$550,893$461,358$921,267
67$1,021,095$544,104$443,032$970,344
68$1,090,400$535,919$423,027$1,023,515
69$1,165,677$526,235$401,254$1,081,187
70$1,247,500$514,944$377,620$1,143,811
71$1,336,501$501,932$352,026$1,211,883
72$1,433,375$487,078$324,370$1,285,947
73$1,538,887$470,253$294,545$1,366,608
74$1,653,881$451,323$262,439$1,454,531
75$1,779,281$430,142$227,935$1,550,449
76$1,916,108$406,560$190,912$1,655,170
77$2,065,486$380,415$151,241$1,769,588
78$2,228,648$351,538$108,791$1,894,685
79$2,406,956$319,750$63,421$2,031,546
80$2,601,908$284,860$14,988$2,181,369
81$2,815,152$246,667$0$2,345,473
82$3,048,504$204,961$0$2,531,970
83$3,303,964$159,516$0$2,739,142
84$3,583,733$110,097$0$2,966,068
85$3,890,235$56,453$0$3,214,728
86$4,226,141$0$0$3,487,310
87$4,594,391$0$0$3,786,366
88$4,998,224$0$0$4,119,790
89$5,441,207$0$0$4,485,561
90$5,927,268$0$0$4,886,926
91$6,460,736$0$0$5,327,461
92$7,046,378$0$0$5,811,105
93$7,689,445$0$0$6,342,199
94$8,395,721$0$0$6,925,522
95$9,171,579$0$0$7,566,342
96$10,024,038$0$0$8,270,460
97$10,960,833$0$0$9,044,267
98$11,990,482$0$0$9,894,804
99$13,122,372$0$0$10,829,828
100$14,366,845$0$0$11,857,886