Can I retire at age 58 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$52,273$51,807$51,353$50,909$50,476$48,959
2 years$25,877$25,396$24,928$24,476$24,036$22,520
3 years$17,080$16,596$16,130$15,682$15,250$13,782
4 years$12,683$12,200$11,739$11,298$10,876$9,469
5 years$10,045$9,565$9,110$8,678$8,268$6,925
6 years$8,287$7,811$7,362$6,940$6,542$5,264
7 years$7,031$6,559$6,118$5,706$5,320$4,108
8 years$6,090$5,622$5,188$4,786$4,414$3,266
9 years$5,359$4,895$4,469$4,077$3,717$2,632
10 years$4,774$4,315$3,896$3,514$3,167$2,144
11 years$4,296$3,841$3,430$3,058$2,724$1,760
12 years$3,897$3,448$3,044$2,683$2,360$1,455
13 years$3,561$3,116$2,720$2,368$2,058$1,209
14 years$3,272$2,832$2,444$2,102$1,804$1,008
15 years$3,023$2,587$2,206$1,875$1,589$844
16 years$2,804$2,374$2,000$1,679$1,404$709
17 years$2,612$2,186$1,820$1,508$1,245$596
18 years$2,441$2,020$1,662$1,359$1,107$503
19 years$2,289$1,872$1,521$1,228$987$424
20 years$2,151$1,740$1,396$1,112$881$359
21 years$2,027$1,621$1,284$1,010$789$304
22 years$1,915$1,513$1,183$918$707$257
23 years$1,812$1,415$1,093$836$635$218
24 years$1,718$1,326$1,011$763$570$185
25 years$1,632$1,244$936$696$513$157
26 years$1,552$1,169$868$637$462$134
27 years$1,479$1,100$806$583$417$114
28 years$1,411$1,037$749$534$376$97
29 years$1,348$978$697$490$340$82
30 years$1,289$924$650$449$307$70
31 years$1,233$873$606$413$277$59
32 years$1,182$826$565$379$251$51
33 years$1,134$782$528$349$227$43
34 years$1,088$742$493$321$206$37
35 years$1,046$703$461$295$186$31
36 years$1,005$668$431$272$169$27
37 years$967$634$403$251$153$23
38 years$932$603$378$231$139$19
39 years$898$573$354$213$126$16
40 years$865$545$332$197$114$14
41 years$835$519$311$181$103$12
42 years$806$494$292$167$94$10
43 years$778$471$274$154$85$9
44 years$752$449$257$143$77$7
45 years$727$428$241$132$70$6
46 years$703$408$227$122$64$5
47 years$680$390$213$112$58$5
48 years$659$372$200$104$53$4
49 years$638$355$188$96$48$3
50 years$618$339$177$89$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $633,000, adding $3,980 every year, while hoping to spend $34,024 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: 79/12/9 Blend
57$633,000$633,000$633,000$633,000
58$701,671$668,122$658,311$755,830
59$737,041$664,659$644,163$788,476
60$774,877$659,886$628,401$819,451
61$815,397$653,702$610,934$852,429
62$858,836$646,003$591,670$887,593
63$905,455$636,674$570,508$925,148
64$955,537$625,597$547,346$965,316
65$1,009,397$612,646$522,077$1,008,343
66$1,067,376$597,687$494,588$1,054,502
67$1,129,853$580,578$464,761$1,104,092
68$1,197,241$561,169$432,473$1,157,442
69$1,269,995$539,302$397,596$1,214,919
70$1,348,615$514,808$359,996$1,276,922
71$1,433,650$487,510$319,532$1,343,895
72$1,525,704$457,220$276,058$1,416,327
73$1,625,441$423,739$229,422$1,494,756
74$1,733,591$386,857$179,462$1,579,777
75$1,850,956$346,352$126,013$1,672,046
76$1,978,420$301,989$68,901$1,772,284
77$2,116,953$253,521$7,943$1,881,289
78$2,267,623$200,685$0$1,999,942
79$2,431,606$143,204$0$2,134,696
80$2,610,195$80,786$0$2,282,307
81$2,804,813$13,122$0$2,443,212
82$3,017,025$0$0$2,618,733
83$3,248,557$0$0$2,818,266
84$3,501,304$0$0$3,037,992
85$3,777,355$0$0$3,277,996
86$4,079,009$0$0$3,540,279
87$4,408,797$0$0$3,827,046
88$4,769,507$0$0$4,140,720
89$5,164,205$0$0$4,483,974
90$5,596,271$0$0$4,859,748
91$6,069,426$0$0$5,271,281
92$6,587,766$0$0$5,722,139
93$7,155,803$0$0$6,216,250
94$7,778,507$0$0$6,757,940
95$8,461,350$0$0$7,351,973
96$9,210,360$0$0$8,003,595
97$10,032,177$0$0$8,718,588
98$10,934,114$0$0$9,503,316
99$11,924,225$0$0$10,364,793
100$13,011,385$0$0$11,310,742