Can I retire at age 58 with 559,000?

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 $559,000?

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$46,162$45,751$45,349$44,958$44,575$44,165
2 years$22,852$22,427$22,014$21,614$21,226$20,813
3 years$15,084$14,656$14,245$13,849$13,467$13,063
4 years$11,200$10,774$10,366$9,977$9,605$9,214
5 years$8,870$8,447$8,045$7,663$7,301$6,924
6 years$7,318$6,897$6,501$6,128$5,777$5,415
7 years$6,209$5,792$5,403$5,039$4,698$4,351
8 years$5,378$4,965$4,582$4,227$3,898$3,565
9 years$4,732$4,323$3,946$3,600$3,283$2,964
10 years$4,216$3,811$3,441$3,103$2,797$2,492
11 years$3,793$3,392$3,029$2,701$2,405$2,115
12 years$3,442$3,045$2,688$2,369$2,084$1,808
13 years$3,144$2,752$2,402$2,092$1,818$1,555
14 years$2,890$2,501$2,158$1,857$1,593$1,343
15 years$2,669$2,285$1,948$1,656$1,403$1,166
16 years$2,477$2,096$1,766$1,483$1,240$1,015
17 years$2,307$1,931$1,607$1,332$1,099$887
18 years$2,156$1,784$1,467$1,200$978$776
19 years$2,021$1,653$1,343$1,085$871$681
20 years$1,900$1,536$1,233$982$778$599
21 years$1,790$1,431$1,134$892$696$527
22 years$1,691$1,336$1,045$811$624$465
23 years$1,600$1,249$965$738$560$411
24 years$1,517$1,171$892$673$504$363
25 years$1,441$1,099$827$615$453$321
26 years$1,371$1,032$767$562$408$284
27 years$1,306$972$712$515$368$252
28 years$1,246$916$662$472$332$224
29 years$1,190$864$616$432$300$198
30 years$1,138$816$574$397$271$176
31 years$1,089$771$535$364$245$156
32 years$1,044$730$499$335$222$139
33 years$1,001$691$466$308$201$123
34 years$961$655$435$283$182$110
35 years$923$621$407$261$164$98
36 years$888$590$381$240$149$87
37 years$854$560$356$221$135$77
38 years$823$532$334$204$122$69
39 years$793$506$313$188$111$61
40 years$764$481$293$174$101$54
41 years$737$458$275$160$91$48
42 years$712$436$258$148$83$43
43 years$687$416$242$136$75$38
44 years$664$396$227$126$68$34
45 years$642$378$213$116$62$30
46 years$621$361$200$107$56$27
47 years$601$344$188$99$51$24
48 years$582$329$177$92$46$22
49 years$563$314$166$85$42$19
50 years$546$300$156$78$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $559,000, adding $4,243 every year, while hoping to spend $29,288 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: 59/35/6 Blend
57$559,000$559,000$559,000$559,000
58$620,395$590,768$582,103$656,018
59$652,513$588,553$570,441$678,183
60$686,925$585,248$557,407$698,614
61$723,835$580,769$542,924$720,150
62$763,466$575,026$526,911$742,898
63$806,061$567,924$509,285$766,978
64$851,890$559,363$489,956$792,521
65$901,247$549,236$468,834$819,675
66$954,456$537,431$445,822$848,603
67$1,011,873$523,827$420,820$879,487
68$1,073,889$508,299$393,722$912,526
69$1,140,932$490,713$364,418$947,945
70$1,213,475$470,926$332,794$985,992
71$1,292,037$448,789$298,730$1,026,941
72$1,377,188$424,143$262,101$1,071,097
73$1,469,556$396,820$222,776$1,118,799
74$1,569,829$366,643$180,617$1,170,421
75$1,678,767$333,424$135,484$1,226,380
76$1,797,205$296,965$87,226$1,287,135
77$1,926,061$257,057$35,689$1,353,198
78$2,066,344$213,478$0$1,425,134
79$2,219,166$165,994$0$1,504,806
80$2,385,751$114,358$0$1,594,190
81$2,567,445$58,308$0$1,691,778
82$2,765,730$0$0$1,798,433
83$2,982,237$0$0$1,916,043
84$3,218,761$0$0$2,069,103
85$3,477,279$0$0$2,236,441
86$3,759,967$0$0$2,419,470
87$4,069,221$0$0$2,619,748
88$4,407,681$0$0$2,838,989
89$4,778,250$0$0$3,079,082
90$5,184,128$0$0$3,342,105
91$5,628,839$0$0$3,630,349
92$6,116,262$0$0$3,946,335
93$6,650,670$0$0$4,292,841
94$7,236,770$0$0$4,672,926
95$7,879,746$0$0$5,089,960
96$8,585,308$0$0$5,547,653
97$9,359,745$0$0$6,050,094
98$10,209,984$0$0$6,601,787
99$11,143,657$0$0$7,207,691
100$12,169,171$0$0$7,873,273