Can I retire at age 58 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$47,813$47,387$46,972$46,566$46,170$45,976
2 years$23,670$23,229$22,802$22,388$21,986$21,789
3 years$15,623$15,180$14,754$14,344$13,949$13,757
4 years$11,601$11,159$10,737$10,334$9,948$9,762
5 years$9,188$8,749$8,333$7,938$7,563$7,382
6 years$7,580$7,144$6,734$6,348$5,984$5,810
7 years$6,431$6,000$5,596$5,219$4,867$4,699
8 years$5,571$5,143$4,746$4,378$4,037$3,877
9 years$4,902$4,478$4,088$3,729$3,400$3,246
10 years$4,367$3,947$3,564$3,214$2,897$2,749
11 years$3,929$3,514$3,137$2,798$2,491$2,350
12 years$3,565$3,154$2,784$2,454$2,159$2,024
13 years$3,257$2,850$2,488$2,166$1,883$1,754
14 years$2,993$2,591$2,235$1,923$1,650$1,528
15 years$2,765$2,367$2,018$1,715$1,453$1,336
16 years$2,565$2,171$1,830$1,536$1,284$1,173
17 years$2,389$2,000$1,665$1,380$1,139$1,033
18 years$2,233$1,848$1,520$1,243$1,013$912
19 years$2,093$1,713$1,391$1,124$902$807
20 years$1,968$1,591$1,277$1,018$806$716
21 years$1,854$1,482$1,175$924$721$636
22 years$1,751$1,384$1,082$840$647$566
23 years$1,658$1,294$999$765$580$504
24 years$1,572$1,212$924$697$522$450
25 years$1,493$1,138$856$637$469$402
26 years$1,420$1,069$794$582$423$359
27 years$1,353$1,006$737$533$381$321
28 years$1,290$948$685$488$344$288
29 years$1,233$895$638$448$311$258
30 years$1,179$845$594$411$281$231
31 years$1,128$799$554$378$254$207
32 years$1,081$756$517$347$230$186
33 years$1,037$716$483$319$208$167
34 years$995$678$451$294$188$150
35 years$956$643$422$270$170$135
36 years$920$611$394$249$154$121
37 years$885$580$369$229$140$109
38 years$852$551$346$211$127$98
39 years$821$524$324$195$115$88
40 years$792$499$304$180$104$79
41 years$764$475$285$166$95$71
42 years$737$452$267$153$86$64
43 years$712$431$251$141$78$58
44 years$688$411$235$130$71$52
45 years$665$392$221$120$64$47
46 years$643$374$207$111$58$42
47 years$622$356$195$103$53$38
48 years$603$340$183$95$48$34
49 years$584$325$172$88$44$31
50 years$565$310$162$81$40$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $579,000, adding $6,732 every year, while hoping to spend $20,427 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: 58/22/20 Blend
57$579,000$579,000$579,000$579,000
58$645,002$614,315$605,341$678,623
59$689,058$622,682$603,885$710,610
60$736,923$630,775$601,697$742,671
61$788,964$638,558$598,729$777,170
62$845,585$645,994$594,932$814,347
63$907,230$653,043$590,258$854,467
64$974,388$659,662$584,652$897,819
65$1,047,596$665,806$578,058$944,727
66$1,127,447$671,427$570,419$995,546
67$1,214,592$676,472$561,674$1,050,667
68$1,309,748$680,887$551,758$1,110,524
69$1,413,706$684,613$540,604$1,175,593
70$1,527,333$687,589$528,144$1,246,402
71$1,651,587$689,747$514,303$1,323,532
72$1,787,522$691,018$499,006$1,407,623
73$1,936,298$691,326$482,171$1,499,384
74$2,099,192$690,593$463,715$1,599,597
75$2,277,611$688,733$443,551$1,709,122
76$2,473,104$685,658$421,587$1,828,909
77$2,687,378$681,272$397,727$1,960,010
78$2,922,311$675,475$371,871$2,103,579
79$3,179,973$668,160$343,915$2,260,894
80$3,462,643$659,213$313,750$2,433,363
81$3,772,833$648,515$281,261$2,622,540
82$4,113,308$635,938$246,329$2,830,139
83$4,487,114$621,347$208,829$3,058,050
84$4,897,607$604,601$168,632$3,308,357
85$5,348,484$585,547$125,603$3,583,362
86$5,843,817$564,026$79,598$3,885,601
87$6,388,092$539,869$30,470$4,217,871
88$6,986,251$512,897$0$4,583,259
89$7,643,740$482,920$0$4,989,854
90$8,366,557$449,739$0$5,443,966
91$9,161,311$413,141$0$5,943,262
92$10,035,282$372,902$0$6,492,343
93$10,996,494$328,787$0$7,096,282
94$12,053,783$280,545$0$7,760,671
95$13,216,890$227,912$0$8,491,671
96$14,496,542$170,609$0$9,296,077
97$15,904,561$108,341$0$10,181,377
98$17,453,974$40,798$0$11,155,822
99$19,159,133$0$0$12,228,512
100$21,035,850$0$0$13,417,304