Can I retire at age 58 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$51,694$51,234$50,785$50,346$49,918$49,562
2 years$25,591$25,115$24,653$24,205$23,771$23,411
3 years$16,891$16,413$15,952$15,508$15,081$14,730
4 years$12,542$12,065$11,609$11,173$10,756$10,416
5 years$9,934$9,459$9,009$8,582$8,176$7,848
6 years$8,195$7,724$7,281$6,863$6,470$6,154
7 years$6,954$6,487$6,050$5,642$5,262$4,958
8 years$6,023$5,560$5,131$4,733$4,365$4,074
9 years$5,299$4,841$4,419$4,032$3,676$3,397
10 years$4,721$4,267$3,853$3,475$3,132$2,865
11 years$4,248$3,799$3,392$3,025$2,694$2,439
12 years$3,854$3,410$3,010$2,653$2,334$2,091
13 years$3,521$3,081$2,690$2,342$2,036$1,804
14 years$3,236$2,801$2,417$2,079$1,784$1,564
15 years$2,989$2,559$2,182$1,854$1,571$1,362
16 years$2,773$2,348$1,978$1,660$1,389$1,190
17 years$2,583$2,162$1,800$1,492$1,231$1,043
18 years$2,414$1,998$1,643$1,344$1,095$916
19 years$2,263$1,852$1,504$1,215$976$807
20 years$2,128$1,721$1,381$1,100$872$712
21 years$2,005$1,603$1,270$998$780$629
22 years$1,894$1,496$1,170$908$699$557
23 years$1,792$1,399$1,081$827$628$494
24 years$1,699$1,311$999$754$564$438
25 years$1,614$1,230$926$689$508$389
26 years$1,535$1,156$858$630$457$346
27 years$1,463$1,088$797$576$412$308
28 years$1,395$1,025$741$528$372$274
29 years$1,333$967$690$484$336$244
30 years$1,274$914$642$444$303$218
31 years$1,220$864$599$408$274$194
32 years$1,169$817$559$375$248$173
33 years$1,121$774$522$345$225$155
34 years$1,076$733$487$317$203$138
35 years$1,034$696$456$292$184$123
36 years$994$660$426$269$167$110
37 years$957$627$399$248$151$98
38 years$921$596$374$229$137$88
39 years$888$567$350$211$124$79
40 years$856$539$328$194$113$70
41 years$826$513$308$179$102$63
42 years$797$489$289$165$93$56
43 years$770$466$271$153$84$50
44 years$744$444$254$141$76$45
45 years$719$423$239$130$69$40
46 years$695$404$224$120$63$36
47 years$673$385$211$111$57$32
48 years$651$368$198$103$52$29
49 years$631$351$186$95$47$26
50 years$611$336$175$88$43$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $626,000, adding $5,058 every year, while hoping to spend $39,822 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: 81/14/5 Blend
57$626,000$626,000$626,000$626,000
58$695,069$661,891$652,188$750,864
59$723,596$651,954$631,666$778,146
60$753,698$640,194$609,122$802,245
61$785,493$626,482$584,446$827,463
62$819,112$610,678$557,523$853,889
63$854,695$592,635$528,234$881,621
64$892,396$572,197$496,452$910,768
65$932,385$549,198$462,047$941,449
66$974,844$523,465$424,882$973,796
67$1,019,976$494,813$384,814$1,007,955
68$1,068,002$463,046$341,693$1,044,085
69$1,119,161$427,959$295,362$1,082,365
70$1,173,718$389,332$245,660$1,122,989
71$1,231,964$346,935$192,416$1,166,173
72$1,294,213$300,524$135,451$1,212,155
73$1,360,815$249,842$74,581$1,261,199
74$1,432,150$194,616$9,611$1,313,594
75$1,508,636$134,559$0$1,369,660
76$1,590,731$69,366$0$1,432,939
77$1,678,938$0$0$1,501,389
78$1,773,810$0$0$1,575,137
79$1,875,954$0$0$1,666,054
80$1,986,034$0$0$1,764,047
81$2,104,782$0$0$1,869,769
82$2,233,002$0$0$1,983,937
83$2,371,577$0$0$2,107,339
84$2,521,477$0$0$2,240,841
85$2,683,768$0$0$2,385,395
86$2,859,624$0$0$2,542,047
87$3,050,334$0$0$2,711,947
88$3,257,316$0$0$2,896,361
89$3,482,129$0$0$3,096,682
90$3,726,489$0$0$3,314,439
91$3,992,283$0$0$3,551,317
92$4,281,587$0$0$3,809,169
93$4,596,685$0$0$4,090,034
94$4,940,093$0$0$4,396,155
95$5,314,577$0$0$4,730,002
96$5,723,182$0$0$5,094,293
97$6,169,259$0$0$5,492,020
98$6,656,500$0$0$5,926,474
99$7,188,965$0$0$6,401,283
100$7,771,127$0$0$6,920,437