Can I retire at age 58 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$45,253$44,850$44,457$44,073$43,698$43,296
2 years$22,403$21,985$21,581$21,189$20,809$20,403
3 years$14,787$14,368$13,964$13,576$13,202$12,806
4 years$10,980$10,562$10,162$9,781$9,416$9,033
5 years$8,696$8,281$7,887$7,513$7,158$6,788
6 years$7,174$6,762$6,373$6,008$5,664$5,308
7 years$6,087$5,678$5,296$4,939$4,606$4,265
8 years$5,272$4,867$4,492$4,144$3,821$3,494
9 years$4,639$4,238$3,869$3,529$3,218$2,906
10 years$4,133$3,736$3,373$3,042$2,742$2,443
11 years$3,719$3,326$2,969$2,648$2,358$2,073
12 years$3,374$2,985$2,635$2,322$2,043$1,772
13 years$3,083$2,697$2,354$2,050$1,782$1,524
14 years$2,833$2,452$2,115$1,820$1,562$1,317
15 years$2,617$2,240$1,910$1,623$1,375$1,143
16 years$2,428$2,055$1,732$1,453$1,216$995
17 years$2,261$1,893$1,576$1,306$1,078$869
18 years$2,113$1,749$1,438$1,177$958$761
19 years$1,981$1,621$1,317$1,063$854$668
20 years$1,862$1,506$1,209$963$763$587
21 years$1,755$1,403$1,112$874$683$517
22 years$1,658$1,310$1,025$795$612$456
23 years$1,569$1,225$946$724$549$403
24 years$1,488$1,148$875$660$494$356
25 years$1,413$1,077$810$603$444$315
26 years$1,344$1,012$752$551$400$279
27 years$1,280$953$698$505$361$247
28 years$1,221$898$649$462$326$219
29 years$1,167$847$604$424$294$194
30 years$1,115$800$562$389$266$173
31 years$1,068$756$524$357$240$153
32 years$1,023$715$489$328$217$136
33 years$981$677$457$302$197$121
34 years$942$642$427$278$178$108
35 years$905$609$399$256$161$96
36 years$870$578$373$236$146$85
37 years$837$549$349$217$132$76
38 years$806$522$327$200$120$67
39 years$777$496$306$184$109$60
40 years$749$472$287$170$99$53
41 years$723$449$269$157$90$48
42 years$698$428$253$145$81$42
43 years$674$408$237$134$74$38
44 years$651$389$223$123$67$34
45 years$629$371$209$114$61$30
46 years$609$354$196$105$55$27
47 years$589$337$184$97$50$24
48 years$570$322$173$90$46$21
49 years$552$308$163$83$41$19
50 years$535$294$153$77$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $548,000, adding $6,446 every year, while hoping to spend $44,083 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: 71/8/21 Blend
57$548,000$548,000$548,000$548,000
58$610,545$581,501$573,007$650,310
59$625,917$563,091$545,299$659,244
60$641,379$542,301$515,185$663,184
61$656,894$518,968$482,538$666,407
62$672,420$492,920$447,226$668,836
63$687,907$463,974$409,109$670,387
64$703,302$431,937$368,042$670,971
65$718,542$396,605$323,875$670,487
66$733,557$357,762$276,448$668,831
67$748,267$315,180$225,597$665,883
68$762,585$268,618$171,148$661,519
69$776,409$217,821$112,923$655,599
70$789,629$162,521$50,732$647,972
71$802,120$102,432$0$638,474
72$813,740$37,256$0$630,431
73$824,335$0$0$632,502
74$833,730$0$0$636,076
75$841,730$0$0$641,824
76$848,119$0$0$646,295
77$852,657$0$0$649,301
78$855,076$0$0$650,632
79$855,079$0$0$650,054
80$852,334$0$0$647,309
81$846,475$0$0$642,108
82$837,096$0$0$634,134
83$823,744$0$0$623,031
84$805,921$0$0$608,409
85$783,072$0$0$589,833
86$754,582$0$0$566,823
87$719,774$0$0$538,845
88$677,894$0$0$505,312
89$628,111$0$0$465,570
90$569,503$0$0$418,899
91$501,053$0$0$364,502
92$421,635$0$0$301,496
93$330,005$0$0$228,909
94$224,788$0$0$145,662
95$104,464$0$0$50,566
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