Can I retire at age 58 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$45,584$45,178$44,781$44,395$44,017$42,574
2 years$22,566$22,146$21,739$21,344$20,961$19,520
3 years$14,895$14,473$14,066$13,675$13,298$11,906
4 years$11,060$10,639$10,237$9,852$9,484$8,151
5 years$8,759$8,341$7,944$7,567$7,210$5,939
6 years$7,226$6,811$6,420$6,052$5,705$4,498
7 years$6,132$5,720$5,335$4,975$4,640$3,496
8 years$5,311$4,903$4,525$4,174$3,849$2,768
9 years$4,673$4,269$3,897$3,555$3,241$2,221
10 years$4,163$3,763$3,397$3,065$2,762$1,801
11 years$3,746$3,350$2,991$2,667$2,375$1,472
12 years$3,399$3,007$2,655$2,339$2,058$1,211
13 years$3,105$2,717$2,372$2,065$1,795$1,001
14 years$2,854$2,470$2,131$1,833$1,573$831
15 years$2,636$2,256$1,924$1,635$1,385$693
16 years$2,446$2,070$1,744$1,464$1,224$578
17 years$2,278$1,906$1,587$1,315$1,086$484
18 years$2,129$1,762$1,449$1,185$965$406
19 years$1,996$1,633$1,326$1,071$860$341
20 years$1,876$1,517$1,217$970$769$287
21 years$1,768$1,413$1,120$880$688$242
22 years$1,670$1,319$1,032$801$616$204
23 years$1,580$1,234$953$729$553$172
24 years$1,498$1,156$881$665$497$145
25 years$1,423$1,085$816$607$448$122
26 years$1,354$1,020$757$555$403$103
27 years$1,290$960$703$508$363$87
28 years$1,230$904$653$466$328$74
29 years$1,175$853$608$427$296$62
30 years$1,124$806$566$392$268$53
31 years$1,076$761$528$360$242$45
32 years$1,031$721$493$331$219$38
33 years$989$682$460$304$198$32
34 years$949$647$430$280$179$27
35 years$912$613$402$258$162$23
36 years$877$582$376$237$147$19
37 years$844$553$352$219$133$16
38 years$812$526$330$202$121$14
39 years$783$500$309$186$110$12
40 years$755$475$289$171$99$10
41 years$728$453$271$158$90$8
42 years$703$431$255$146$82$7
43 years$679$411$239$135$74$6
44 years$656$391$224$124$67$5
45 years$634$373$210$115$61$4
46 years$613$356$198$106$56$4
47 years$593$340$186$98$50$3
48 years$574$324$175$91$46$3
49 years$556$310$164$84$42$2
50 years$539$296$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $552,000, adding $3,791 every year, while hoping to spend $33,941 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: 32/44/24 Blend
57$552,000$552,000$552,000$552,000
58$612,214$582,958$574,402$627,193
59$638,547$575,410$557,532$631,302
60$666,429$566,355$538,959$632,418
61$695,980$555,682$518,590$632,934
62$727,336$543,277$496,328$632,819
63$760,642$529,014$472,073$632,042
64$796,057$512,766$445,717$630,574
65$833,755$494,392$417,149$628,384
66$873,929$473,748$386,255$625,445
67$916,788$450,679$352,912$621,728
68$962,560$425,022$316,994$617,209
69$1,011,496$396,604$278,369$611,862
70$1,063,874$365,242$236,899$605,668
71$1,119,993$330,744$192,439$598,606
72$1,180,187$292,904$144,840$590,664
73$1,244,817$251,508$93,944$581,830
74$1,314,284$206,328$39,586$572,100
75$1,389,025$157,122$0$561,474
76$1,469,522$103,636$0$554,679
77$1,556,301$45,603$0$558,136
78$1,649,944$0$0$561,773
79$1,751,088$0$0$574,033
80$1,860,434$0$0$611,224
81$1,978,751$0$0$651,535
82$2,106,885$0$0$695,263
83$2,245,768$0$0$742,736
84$2,396,423$0$0$794,312
85$2,559,974$0$0$850,388
86$2,737,659$0$0$911,398
87$2,930,840$0$0$977,820
88$3,141,015$0$0$1,050,181
89$3,369,831$0$0$1,129,060
90$3,619,102$0$0$1,215,096
91$3,890,824$0$0$1,308,990
92$4,187,192$0$0$1,411,515
93$4,510,625$0$0$1,523,520
94$4,863,782$0$0$1,645,944
95$5,249,592$0$0$1,779,816
96$5,671,282$0$0$1,926,271
97$6,132,399$0$0$2,086,560
98$6,636,855$0$0$2,262,058
99$7,188,951$0$0$2,454,281
100$7,793,428$0$0$2,664,897