Can I retire at age 58 with 634,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$52,355$51,889$51,434$50,990$50,556$48,801
2 years$25,918$25,436$24,968$24,514$24,074$22,324
3 years$17,107$16,622$16,156$15,707$15,274$13,584
4 years$12,703$12,219$11,757$11,316$10,893$9,276
5 years$10,060$9,580$9,124$8,692$8,281$6,741
6 years$8,300$7,823$7,374$6,951$6,552$5,091
7 years$7,042$6,570$6,128$5,715$5,329$3,945
8 years$6,100$5,631$5,197$4,794$4,421$3,114
9 years$5,367$4,903$4,476$4,083$3,723$2,492
10 years$4,781$4,322$3,902$3,520$3,172$2,014
11 years$4,302$3,848$3,435$3,063$2,728$1,641
12 years$3,904$3,453$3,049$2,687$2,364$1,346
13 years$3,566$3,121$2,724$2,372$2,062$1,109
14 years$3,278$2,837$2,447$2,106$1,807$917
15 years$3,027$2,591$2,210$1,878$1,591$761
16 years$2,809$2,378$2,003$1,681$1,406$634
17 years$2,616$2,190$1,823$1,511$1,247$529
18 years$2,445$2,023$1,664$1,362$1,109$442
19 years$2,292$1,875$1,524$1,230$988$370
20 years$2,155$1,743$1,398$1,114$883$310
21 years$2,031$1,623$1,286$1,011$790$260
22 years$1,918$1,515$1,185$919$708$218
23 years$1,815$1,417$1,094$837$636$183
24 years$1,721$1,328$1,012$764$571$154
25 years$1,635$1,246$937$697$514$129
26 years$1,555$1,171$869$638$463$109
27 years$1,481$1,102$807$584$417$92
28 years$1,413$1,038$751$535$377$77
29 years$1,350$980$698$490$340$65
30 years$1,291$925$651$450$307$55
31 years$1,235$875$607$413$278$46
32 years$1,184$828$566$380$251$39
33 years$1,135$784$528$349$227$33
34 years$1,090$743$494$321$206$28
35 years$1,047$705$462$296$187$23
36 years$1,007$669$432$273$169$20
37 years$969$635$404$251$153$17
38 years$933$604$378$231$139$14
39 years$899$574$355$213$126$12
40 years$867$546$332$197$114$10
41 years$836$520$312$182$104$8
42 years$807$495$292$168$94$7
43 years$780$472$274$155$85$6
44 years$753$450$257$143$77$5
45 years$728$429$242$132$70$4
46 years$704$409$227$122$64$4
47 years$682$390$213$113$58$3
48 years$660$373$200$104$53$3
49 years$639$356$188$96$48$2
50 years$619$340$177$89$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $634,000, adding $6,265 every year, while hoping to spend $33,000 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: 45/43/12 Blend
57$634,000$634,000$634,000$634,000
58$705,130$671,528$661,701$734,186
59$741,942$669,321$648,757$752,791
60$781,402$665,900$634,272$769,099
61$823,747$661,171$618,162$786,047
62$869,233$655,033$600,335$803,708
63$918,146$647,380$580,697$822,162
64$970,795$638,101$559,149$841,502
65$1,027,524$627,075$535,587$861,829
66$1,088,706$614,176$509,904$883,261
67$1,154,754$599,271$481,987$905,926
68$1,226,123$582,219$451,716$929,973
69$1,303,308$562,868$418,970$955,563
70$1,386,858$541,062$383,618$982,882
71$1,477,375$516,631$345,526$1,012,136
72$1,575,520$489,398$304,554$1,043,554
73$1,682,020$459,176$260,554$1,077,396
74$1,797,676$425,766$213,372$1,113,949
75$1,923,367$388,957$162,849$1,153,535
76$2,060,063$348,528$108,816$1,196,514
77$2,208,827$304,244$51,100$1,243,286
78$2,370,833$255,857$0$1,294,299
79$2,547,370$203,105$0$1,351,393
80$2,739,856$145,712$0$1,420,850
81$2,949,855$83,386$0$1,496,762
82$3,179,085$15,817$0$1,579,843
83$3,429,440$0$0$1,670,885
84$3,703,003$0$0$1,797,887
85$4,002,068$0$0$1,944,982
86$4,329,160$0$0$2,105,938
87$4,687,060$0$0$2,282,133
88$5,078,830$0$0$2,475,083
89$5,507,843$0$0$2,686,460
90$5,977,810$0$0$2,918,103
91$6,492,820$0$0$3,172,038
92$7,057,378$0$0$3,450,499
93$7,676,444$0$0$3,755,941
94$8,355,479$0$0$4,091,075
95$9,100,501$0$0$4,458,880
96$9,918,137$0$0$4,862,643
97$10,815,687$0$0$5,305,982
98$11,801,194$0$0$5,792,883
99$12,883,515$0$0$6,327,737
100$14,072,408$0$0$6,915,381