Can I retire at age 58 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$45,006$44,605$44,214$43,832$43,459$43,185
2 years$22,280$21,865$21,463$21,073$20,695$20,419
3 years$14,706$14,289$13,888$13,502$13,130$12,860
4 years$10,919$10,504$10,107$9,727$9,364$9,102
5 years$8,648$8,235$7,843$7,471$7,118$6,866
6 years$7,135$6,725$6,339$5,975$5,633$5,389
7 years$6,054$5,647$5,267$4,912$4,581$4,347
8 years$5,244$4,841$4,467$4,121$3,800$3,576
9 years$4,614$4,215$3,848$3,510$3,200$2,985
10 years$4,110$3,715$3,354$3,026$2,727$2,521
11 years$3,698$3,307$2,953$2,633$2,345$2,149
12 years$3,356$2,969$2,621$2,310$2,032$1,845
13 years$3,066$2,683$2,342$2,039$1,772$1,593
14 years$2,817$2,438$2,104$1,810$1,553$1,383
15 years$2,602$2,228$1,900$1,614$1,368$1,206
16 years$2,415$2,044$1,722$1,445$1,209$1,055
17 years$2,249$1,882$1,567$1,299$1,072$926
18 years$2,102$1,739$1,431$1,170$953$815
19 years$1,970$1,612$1,310$1,058$849$719
20 years$1,852$1,498$1,202$958$759$635
21 years$1,746$1,395$1,106$869$679$562
22 years$1,649$1,302$1,019$790$609$498
23 years$1,560$1,218$941$720$546$442
24 years$1,479$1,141$870$657$491$393
25 years$1,405$1,071$806$600$442$350
26 years$1,337$1,007$747$548$398$311
27 years$1,273$947$694$502$359$277
28 years$1,215$893$645$460$324$247
29 years$1,160$842$600$422$292$221
30 years$1,109$795$559$387$264$197
31 years$1,062$752$521$355$239$176
32 years$1,018$711$486$327$216$157
33 years$976$674$454$300$196$141
34 years$937$639$424$276$177$126
35 years$900$606$397$254$160$112
36 years$866$575$371$234$145$101
37 years$833$546$347$216$132$90
38 years$802$519$325$199$119$81
39 years$773$493$305$183$108$72
40 years$745$469$286$169$98$65
41 years$719$447$268$156$89$58
42 years$694$426$251$144$81$52
43 years$670$405$236$133$73$46
44 years$648$386$221$123$67$42
45 years$626$369$208$113$60$37
46 years$605$352$195$105$55$33
47 years$586$336$183$97$50$30
48 years$567$320$172$89$45$27
49 years$549$306$162$83$41$24
50 years$532$292$152$76$37$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $545,000, adding $2,066 every year, while hoping to spend $35,867 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: 61/20/19 Blend
57$545,000$545,000$545,000$545,000
58$602,721$573,836$565,389$636,407
59$626,036$563,792$546,167$649,357
60$650,528$552,053$525,099$659,315
61$676,277$538,500$502,086$669,359
62$703,374$523,003$477,022$679,502
63$731,916$505,427$449,800$689,758
64$762,008$485,630$420,305$700,148
65$793,765$463,458$388,417$710,693
66$827,314$438,752$354,014$721,420
67$862,791$411,342$316,965$732,360
68$900,346$381,049$277,134$743,549
69$940,143$347,682$234,379$755,029
70$982,360$311,040$188,553$766,851
71$1,027,192$270,912$139,501$779,069
72$1,074,853$227,074$87,061$791,750
73$1,125,576$179,289$31,066$804,967
74$1,179,617$127,307$0$818,806
75$1,237,256$70,863$0$839,180
76$1,298,800$9,679$0$867,482
77$1,364,585$0$0$897,571
78$1,434,978$0$0$942,072
79$1,510,386$0$0$992,052
80$1,591,249$0$0$1,045,677
81$1,678,055$0$0$1,103,274
82$1,771,336$0$0$1,165,200
83$1,871,679$0$0$1,231,849
84$1,979,727$0$0$1,303,651
85$2,096,185$0$0$1,381,081
86$2,221,830$0$0$1,464,659
87$2,357,513$0$0$1,554,958
88$2,504,171$0$0$1,652,605
89$2,662,833$0$0$1,758,292
90$2,834,630$0$0$1,872,779
91$3,020,807$0$0$1,996,900
92$3,222,731$0$0$2,131,575
93$3,441,906$0$0$2,277,812
94$3,679,986$0$0$2,436,723
95$3,938,791$0$0$2,609,530
96$4,220,323$0$0$2,797,578
97$4,526,784$0$0$3,002,346
98$4,860,597$0$0$3,225,461
99$5,224,430$0$0$3,468,716
100$5,621,217$0$0$3,734,082