Can I retire at age 58 with 619,000?

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 $619,000?

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%
1 years$51,116$50,661$50,217$49,783$49,360$49,131
2 years$25,305$24,834$24,377$23,934$23,505$23,274
3 years$16,703$16,229$15,774$15,335$14,912$14,687
4 years$12,402$11,930$11,479$11,048$10,636$10,417
5 years$9,822$9,353$8,908$8,486$8,085$7,873
6 years$8,103$7,638$7,199$6,786$6,397$6,193
7 years$6,876$6,414$5,983$5,579$5,203$5,007
8 years$5,956$5,498$5,074$4,680$4,316$4,128
9 years$5,240$4,787$4,370$3,987$3,635$3,454
10 years$4,668$4,220$3,810$3,437$3,097$2,924
11 years$4,201$3,756$3,354$2,991$2,664$2,498
12 years$3,811$3,372$2,977$2,623$2,308$2,150
13 years$3,482$3,047$2,659$2,316$2,013$1,862
14 years$3,200$2,770$2,390$2,056$1,764$1,621
15 years$2,956$2,530$2,157$1,833$1,554$1,417
16 years$2,742$2,321$1,956$1,642$1,373$1,243
17 years$2,554$2,138$1,780$1,475$1,217$1,094
18 years$2,387$1,975$1,625$1,329$1,082$965
19 years$2,238$1,831$1,487$1,201$965$854
20 years$2,104$1,701$1,365$1,088$862$757
21 years$1,983$1,585$1,256$987$771$672
22 years$1,872$1,479$1,157$898$691$597
23 years$1,772$1,384$1,069$818$621$532
24 years$1,680$1,296$988$746$558$474
25 years$1,596$1,216$915$681$502$423
26 years$1,518$1,143$849$623$452$378
27 years$1,446$1,076$788$570$408$338
28 years$1,380$1,014$733$522$368$302
29 years$1,318$956$682$479$332$270
30 years$1,260$903$635$439$300$242
31 years$1,206$854$592$404$271$217
32 years$1,156$808$553$371$245$195
33 years$1,109$765$516$341$222$175
34 years$1,064$725$482$314$201$157
35 years$1,022$688$451$289$182$141
36 years$983$653$422$266$165$126
37 years$946$620$395$245$150$113
38 years$911$589$370$226$136$102
39 years$878$560$346$208$123$91
40 years$846$533$324$192$112$82
41 years$816$507$304$177$101$74
42 years$788$483$285$164$92$66
43 years$761$461$268$151$83$60
44 years$735$439$251$139$76$54
45 years$711$419$236$129$69$48
46 years$688$399$222$119$62$43
47 years$665$381$208$110$57$39
48 years$644$364$196$102$51$35
49 years$624$347$184$94$47$32
50 years$604$332$173$87$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $619,000, adding $5,198 every year, while hoping to spend $47,691 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: 54/36/10 Blend
57$619,000$619,000$619,000$619,000
58$687,500$654,693$645,098$722,619
59$706,882$636,030$615,966$728,362
60$726,643$614,854$584,260$728,969
61$746,770$590,992$549,842$728,503
62$767,250$564,260$512,572$726,873
63$788,064$534,464$472,298$723,978
64$809,193$501,398$428,865$719,713
65$830,609$464,845$382,111$713,964
66$852,285$424,576$331,866$706,609
67$874,186$380,348$277,951$697,519
68$896,272$331,905$220,182$686,553
69$918,498$278,974$158,364$673,562
70$940,812$221,271$92,296$658,387
71$963,153$158,491$21,766$640,855
72$985,453$90,317$0$620,784
73$1,007,637$16,409$0$603,684
74$1,029,615$0$0$586,486
75$1,051,291$0$0$591,854
76$1,072,551$0$0$603,442
77$1,093,272$0$0$614,677
78$1,113,314$0$0$625,472
79$1,132,518$0$0$635,733
80$1,150,709$0$0$645,355
81$1,167,689$0$0$654,218
82$1,183,240$0$0$662,191
83$1,197,114$0$0$669,127
84$1,209,039$0$0$674,860
85$1,218,709$0$0$679,210
86$1,225,786$0$0$681,972
87$1,229,892$0$0$682,920
88$1,230,608$0$0$681,803
89$1,227,467$0$0$678,343
90$1,219,954$0$0$672,231
91$1,207,493$0$0$663,123
92$1,189,449$0$0$650,640
93$1,165,117$0$0$634,359
94$1,133,715$0$0$613,814
95$1,094,377$0$0$588,488
96$1,046,144$0$0$557,810
97$987,957$0$0$521,144
98$918,640$0$0$477,792
99$836,895$0$0$426,978
100$741,285$0$0$367,844