Can I retire at age 58 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$51,777$51,316$50,866$50,427$49,998$48,456
2 years$25,632$25,155$24,692$24,244$23,809$22,268
3 years$16,918$16,439$15,977$15,533$15,105$13,615
4 years$12,562$12,084$11,628$11,191$10,773$9,345
5 years$9,949$9,474$9,023$8,596$8,190$6,827
6 years$8,208$7,736$7,292$6,874$6,480$5,184
7 years$6,965$6,497$6,060$5,651$5,270$4,041
8 years$6,033$5,569$5,139$4,741$4,372$3,208
9 years$5,308$4,849$4,426$4,038$3,682$2,583
10 years$4,729$4,274$3,859$3,481$3,137$2,101
11 years$4,255$3,805$3,397$3,029$2,698$1,723
12 years$3,860$3,415$3,015$2,657$2,338$1,422
13 years$3,527$3,086$2,694$2,346$2,039$1,180
14 years$3,241$2,805$2,420$2,082$1,787$983
15 years$2,994$2,563$2,185$1,857$1,574$822
16 years$2,778$2,351$1,981$1,663$1,391$689
17 years$2,587$2,165$1,803$1,494$1,233$579
18 years$2,418$2,001$1,646$1,346$1,096$487
19 years$2,267$1,854$1,507$1,217$977$411
20 years$2,131$1,723$1,383$1,102$873$347
21 years$2,008$1,605$1,272$1,000$781$293
22 years$1,897$1,498$1,172$909$700$248
23 years$1,795$1,401$1,082$828$629$210
24 years$1,702$1,313$1,001$755$565$178
25 years$1,617$1,232$927$690$508$151
26 years$1,538$1,158$860$631$458$128
27 years$1,465$1,090$798$577$413$108
28 years$1,397$1,027$742$529$373$92
29 years$1,335$969$691$485$336$78
30 years$1,276$915$643$445$304$66
31 years$1,222$865$600$409$275$56
32 years$1,171$818$560$376$249$48
33 years$1,123$775$523$346$225$41
34 years$1,078$735$488$318$204$35
35 years$1,036$697$456$293$184$29
36 years$996$661$427$270$167$25
37 years$958$628$400$248$151$21
38 years$923$597$374$229$137$18
39 years$889$568$351$211$125$15
40 years$857$540$329$195$113$13
41 years$827$514$308$180$102$11
42 years$798$490$289$166$93$9
43 years$771$466$271$153$84$8
44 years$745$445$255$141$77$7
45 years$720$424$239$130$70$6
46 years$697$404$225$121$63$5
47 years$674$386$211$111$57$4
48 years$652$368$198$103$52$4
49 years$632$352$186$95$47$3
50 years$612$336$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $627,000, adding $4,663 every year, while hoping to spend $38,881 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: 36/47/17 Blend
57$627,000$627,000$627,000$627,000
58$695,764$662,533$652,814$717,053
59$725,363$653,628$633,315$724,002
60$756,678$642,983$611,858$727,492
61$789,842$630,473$588,339$730,437
62$825,003$615,964$562,646$732,809
63$862,320$599,313$534,661$734,581
64$901,969$580,371$504,264$735,727
65$944,140$558,979$471,327$736,223
66$989,042$534,969$435,717$736,046
67$1,036,906$508,164$397,294$735,174
68$1,087,981$478,375$355,915$733,589
69$1,142,544$445,404$311,426$731,275
70$1,200,895$409,040$263,671$728,222
71$1,263,364$369,061$212,482$724,420
72$1,330,315$325,233$157,688$719,869
73$1,402,145$277,307$99,108$714,572
74$1,479,290$225,021$36,554$708,540
75$1,562,228$168,098$0$701,791
76$1,651,486$106,246$0$699,833
77$1,747,641$39,154$0$704,657
78$1,851,325$0$0$709,719
79$1,963,237$0$0$732,449
80$2,084,140$0$0$778,952
81$2,214,876$0$0$829,309
82$2,356,369$0$0$883,887
83$2,509,635$0$0$943,086
84$2,675,790$0$0$1,007,349
85$2,856,064$0$0$1,077,160
86$3,051,808$0$0$1,153,055
87$3,264,506$0$0$1,235,620
88$3,495,795$0$0$1,325,503
89$3,747,471$0$0$1,423,416
90$4,021,515$0$0$1,530,141
91$4,320,102$0$0$1,646,541
92$4,645,630$0$0$1,773,563
93$5,000,735$0$0$1,912,253
94$5,388,321$0$0$2,063,759
95$5,811,581$0$0$2,229,347
96$6,274,035$0$0$2,410,411
97$6,779,553$0$0$2,608,483
98$7,332,400$0$0$2,825,254
99$7,937,269$0$0$3,062,582
100$8,599,328$0$0$3,322,517