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%19.9%
1 years$51,777$51,316$50,866$50,427$49,998$48,014
2 years$25,632$25,155$24,692$24,244$23,809$21,835
3 years$16,918$16,439$15,977$15,533$15,105$13,203
4 years$12,562$12,084$11,628$11,191$10,773$8,957
5 years$9,949$9,474$9,023$8,596$8,190$6,465
6 years$8,208$7,736$7,292$6,874$6,480$4,847
7 years$6,965$6,497$6,060$5,651$5,270$3,729
8 years$6,033$5,569$5,139$4,741$4,372$2,921
9 years$5,308$4,849$4,426$4,038$3,682$2,318
10 years$4,729$4,274$3,859$3,481$3,137$1,859
11 years$4,255$3,805$3,397$3,029$2,698$1,502
12 years$3,860$3,415$3,015$2,657$2,338$1,221
13 years$3,527$3,086$2,694$2,346$2,039$997
14 years$3,241$2,805$2,420$2,082$1,787$817
15 years$2,994$2,563$2,185$1,857$1,574$672
16 years$2,778$2,351$1,981$1,663$1,391$554
17 years$2,587$2,165$1,803$1,494$1,233$458
18 years$2,418$2,001$1,646$1,346$1,096$379
19 years$2,267$1,854$1,507$1,217$977$314
20 years$2,131$1,723$1,383$1,102$873$260
21 years$2,008$1,605$1,272$1,000$781$216
22 years$1,897$1,498$1,172$909$700$180
23 years$1,795$1,401$1,082$828$629$149
24 years$1,702$1,313$1,001$755$565$124
25 years$1,617$1,232$927$690$508$103
26 years$1,538$1,158$860$631$458$86
27 years$1,465$1,090$798$577$413$72
28 years$1,397$1,027$742$529$373$60
29 years$1,335$969$691$485$336$50
30 years$1,276$915$643$445$304$41
31 years$1,222$865$600$409$275$35
32 years$1,171$818$560$376$249$29
33 years$1,123$775$523$346$225$24
34 years$1,078$735$488$318$204$20
35 years$1,036$697$456$293$184$17
36 years$996$661$427$270$167$14
37 years$958$628$400$248$151$12
38 years$923$597$374$229$137$10
39 years$889$568$351$211$125$8
40 years$857$540$329$195$113$7
41 years$827$514$308$180$102$6
42 years$798$490$289$166$93$5
43 years$771$466$271$153$84$4
44 years$745$445$255$141$77$3
45 years$720$424$239$130$70$3
46 years$697$404$225$121$63$2
47 years$674$386$211$111$57$2
48 years$652$368$198$103$52$2
49 years$632$352$186$95$47$1
50 years$612$336$175$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $627,000, adding $2,163 every year, while hoping to spend $46,279 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: 77/15/8 Blend
57$627,000$627,000$627,000$627,000
58$693,185$659,954$650,236$745,603
59$714,650$643,051$622,778$763,445
60$736,752$623,769$592,850$776,829
61$759,509$601,943$560,318$790,157
62$782,938$577,396$525,047$803,404
63$807,053$549,944$486,892$816,544
64$831,872$519,391$445,703$829,547
65$857,412$485,530$401,323$842,381
66$883,688$448,141$353,587$855,013
67$910,718$406,994$302,326$867,406
68$938,516$361,842$247,359$879,521
69$967,100$312,427$188,500$891,315
70$996,484$258,475$125,555$902,743
71$1,026,683$199,699$58,319$913,754
72$1,057,712$135,791$0$924,295
73$1,089,585$66,432$0$935,457
74$1,122,315$0$0$951,419
75$1,155,913$0$0$968,589
76$1,190,391$0$0$997,458
77$1,225,757$0$0$1,027,070
78$1,262,020$0$0$1,057,430
79$1,299,186$0$0$1,088,543
80$1,337,258$0$0$1,120,413
81$1,376,239$0$0$1,153,039
82$1,416,127$0$0$1,186,421
83$1,456,919$0$0$1,220,555
84$1,498,606$0$0$1,255,433
85$1,541,177$0$0$1,291,047
86$1,584,617$0$0$1,327,381
87$1,628,904$0$0$1,364,417
88$1,674,012$0$0$1,402,133
89$1,719,908$0$0$1,440,500
90$1,766,552$0$0$1,479,484
91$1,813,898$0$0$1,519,044
92$1,861,888$0$0$1,559,132
93$1,910,457$0$0$1,599,691
94$1,959,528$0$0$1,640,655
95$2,009,011$0$0$1,681,948
96$2,058,804$0$0$1,723,482
97$2,108,790$0$0$1,765,157
98$2,158,834$0$0$1,806,858
99$2,208,783$0$0$1,848,455
100$2,258,464$0$0$1,889,799