Can I retire at age 58 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$50,621$50,170$49,730$49,301$48,881$47,016
2 years$25,060$24,593$24,141$23,702$23,277$21,420
3 years$16,541$16,072$15,621$15,186$14,768$12,977
4 years$12,282$11,815$11,368$10,941$10,533$8,822
5 years$9,727$9,263$8,822$8,404$8,007$6,380
6 years$8,025$7,564$7,129$6,720$6,335$4,795
7 years$6,809$6,352$5,925$5,525$5,152$3,697
8 years$5,898$5,445$5,025$4,635$4,274$2,903
9 years$5,189$4,741$4,328$3,948$3,600$2,310
10 years$4,623$4,179$3,773$3,403$3,067$1,856
11 years$4,160$3,720$3,322$2,962$2,638$1,504
12 years$3,774$3,339$2,948$2,598$2,286$1,226
13 years$3,448$3,017$2,634$2,294$1,993$1,004
14 years$3,169$2,743$2,366$2,036$1,747$825
15 years$2,927$2,506$2,137$1,816$1,538$681
16 years$2,716$2,299$1,937$1,626$1,360$563
17 years$2,530$2,117$1,763$1,461$1,206$466
18 years$2,364$1,956$1,609$1,316$1,072$387
19 years$2,216$1,813$1,473$1,190$955$322
20 years$2,083$1,685$1,352$1,077$853$268
21 years$1,963$1,569$1,243$978$764$223
22 years$1,854$1,465$1,146$889$685$186
23 years$1,755$1,370$1,058$810$615$155
24 years$1,664$1,284$979$738$552$129
25 years$1,580$1,205$906$674$497$108
26 years$1,503$1,132$841$617$448$90
27 years$1,432$1,066$781$564$404$75
28 years$1,366$1,004$726$517$364$63
29 years$1,305$947$675$474$329$53
30 years$1,248$895$629$435$297$44
31 years$1,194$846$586$400$269$37
32 years$1,145$800$547$367$243$31
33 years$1,098$758$511$338$220$26
34 years$1,054$718$477$311$199$22
35 years$1,013$681$446$286$180$18
36 years$974$647$417$263$163$15
37 years$937$614$391$243$148$13
38 years$902$584$366$224$134$11
39 years$869$555$343$206$122$9
40 years$838$528$321$190$110$7
41 years$809$503$301$176$100$6
42 years$780$479$283$162$91$5
43 years$754$456$265$150$83$4
44 years$728$435$249$138$75$4
45 years$704$415$234$128$68$3
46 years$681$395$220$118$62$3
47 years$659$377$206$109$56$2
48 years$638$360$194$101$51$2
49 years$618$344$182$93$46$1
50 years$599$329$171$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $613,000, adding $4,912 every year, while hoping to spend $42,878 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: 39/37/24 Blend
57$613,000$613,000$613,000$613,000
58$680,593$648,104$638,602$702,118
59$704,391$634,239$614,374$704,298
60$729,180$618,258$587,896$702,277
61$755,015$600,011$559,049$699,241
62$781,957$579,341$527,707$695,124
63$810,069$556,081$493,738$689,856
64$839,421$530,055$457,003$683,365
65$870,089$501,075$417,360$675,575
66$902,155$468,944$374,658$666,408
67$935,706$433,453$328,740$655,780
68$970,837$394,381$279,442$643,608
69$1,007,651$351,495$226,593$629,801
70$1,046,261$304,548$170,013$614,269
71$1,086,788$253,279$109,517$596,915
72$1,129,364$197,413$44,909$577,642
73$1,174,131$136,659$0$556,348
74$1,221,247$70,709$0$539,084
75$1,270,880$0$0$532,259
76$1,323,215$0$0$524,616
77$1,378,453$0$0$546,968
78$1,436,814$0$0$570,619
79$1,498,538$0$0$595,669
80$1,563,885$0$0$622,230
81$1,633,141$0$0$650,423
82$1,706,618$0$0$680,381
83$1,784,657$0$0$712,248
84$1,867,631$0$0$746,184
85$1,955,947$0$0$782,361
86$2,050,054$0$0$820,971
87$2,150,439$0$0$862,221
88$2,257,638$0$0$906,340
89$2,372,239$0$0$953,579
90$2,494,886$0$0$1,004,213
91$2,626,284$0$0$1,058,542
92$2,767,208$0$0$1,116,897
93$2,918,507$0$0$1,179,642
94$3,081,113$0$0$1,247,175
95$3,256,050$0$0$1,319,933
96$3,444,441$0$0$1,398,397
97$3,647,521$0$0$1,483,095
98$3,866,645$0$0$1,574,607
99$4,103,303$0$0$1,673,571
100$4,359,131$0$0$1,780,687