Can I retire at age 58 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$52,438$51,971$51,515$51,070$50,636$48,839
2 years$25,959$25,476$25,007$24,553$24,112$22,321
3 years$17,134$16,649$16,181$15,731$15,298$13,569
4 years$12,723$12,239$11,776$11,334$10,911$9,257
5 years$10,076$9,595$9,139$8,705$8,294$6,720
6 years$8,313$7,835$7,385$6,962$6,563$5,069
7 years$7,053$6,580$6,137$5,724$5,337$3,924
8 years$6,110$5,640$5,205$4,801$4,428$3,094
9 years$5,376$4,911$4,483$4,090$3,729$2,473
10 years$4,789$4,329$3,908$3,525$3,177$1,996
11 years$4,309$3,854$3,441$3,068$2,732$1,624
12 years$3,910$3,459$3,054$2,691$2,368$1,330
13 years$3,572$3,126$2,728$2,376$2,065$1,095
14 years$3,283$2,841$2,451$2,109$1,810$904
15 years$3,032$2,595$2,213$1,881$1,594$749
16 years$2,813$2,381$2,007$1,684$1,409$623
17 years$2,620$2,193$1,826$1,513$1,249$519
18 years$2,449$2,027$1,667$1,364$1,110$433
19 years$2,296$1,878$1,526$1,232$990$362
20 years$2,158$1,745$1,400$1,116$884$302
21 years$2,034$1,626$1,288$1,013$791$253
22 years$1,921$1,517$1,187$921$709$212
23 years$1,818$1,419$1,096$839$637$178
24 years$1,724$1,330$1,014$765$572$149
25 years$1,637$1,248$939$699$515$125
26 years$1,557$1,173$871$639$464$105
27 years$1,484$1,104$809$585$418$89
28 years$1,415$1,040$752$536$377$74
29 years$1,352$981$700$491$341$63
30 years$1,293$927$652$451$308$53
31 years$1,237$876$607$414$278$44
32 years$1,186$829$567$381$252$37
33 years$1,137$785$529$350$228$31
34 years$1,092$744$494$322$206$26
35 years$1,049$706$462$296$187$22
36 years$1,009$670$432$273$169$19
37 years$970$636$405$251$153$16
38 years$934$605$379$232$139$13
39 years$900$575$355$214$126$11
40 years$868$547$333$197$114$9
41 years$838$521$312$182$104$8
42 years$808$496$293$168$94$7
43 years$781$472$275$155$85$6
44 years$754$450$258$143$78$5
45 years$729$429$242$132$70$4
46 years$705$410$227$122$64$3
47 years$683$391$214$113$58$3
48 years$661$373$201$104$53$2
49 years$640$356$189$96$48$2
50 years$620$340$177$89$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $635,000, adding $4,345 every year, while hoping to spend $25,783 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: 43/49/8 Blend
57$635,000$635,000$635,000$635,000
58$704,252$670,597$660,754$732,725
59$748,653$676,023$655,457$758,368
60$796,718$680,851$649,117$783,163
61$848,795$685,025$641,675$809,432
62$905,264$688,483$633,063$837,321
63$966,545$691,162$623,214$866,990
64$1,033,098$692,995$612,057$898,615
65$1,105,430$693,908$599,518$932,394
66$1,184,100$693,825$585,517$968,546
67$1,269,720$692,664$569,974$1,007,312
68$1,362,966$690,339$552,802$1,048,960
69$1,464,580$686,758$533,913$1,093,790
70$1,575,381$681,823$513,213$1,142,129
71$1,696,268$675,430$490,604$1,194,343
72$1,828,232$667,471$465,983$1,250,837
73$1,972,363$657,828$439,245$1,312,059
74$2,129,861$646,379$410,277$1,378,505
75$2,302,048$632,993$378,962$1,450,725
76$2,490,379$617,531$345,179$1,529,327
77$2,696,455$599,848$308,801$1,614,984
78$2,922,041$579,788$269,693$1,708,442
79$3,169,080$557,187$227,718$1,810,526
80$3,439,709$531,873$182,729$1,922,148
81$3,736,285$503,660$134,576$2,044,318
82$4,061,402$472,355$83,101$2,178,152
83$4,417,917$437,753$28,137$2,324,884
84$4,808,978$399,636$0$2,485,881
85$5,238,051$357,776$0$2,665,258
86$5,708,954$311,928$0$2,864,810
87$6,225,892$261,838$0$3,083,996
88$6,793,499$207,234$0$3,324,870
89$7,416,877$147,830$0$3,589,704
90$8,101,650$83,324$0$3,881,007
91$8,854,008$13,398$0$4,201,549
92$9,680,776$0$0$4,554,391
93$10,589,470$0$0$4,976,495
94$11,588,370$0$0$5,448,529
95$12,686,599$0$0$5,967,589
96$13,894,209$0$0$6,538,439
97$15,222,272$0$0$7,166,322
98$16,682,989$0$0$7,857,020
99$18,289,803$0$0$8,616,901
100$20,057,524$0$0$9,452,982