Can I retire at age 58 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$52,603$52,134$51,677$51,231$50,795$48,799
2 years$26,041$25,556$25,086$24,630$24,188$22,202
3 years$17,188$16,701$16,232$15,781$15,346$13,431
4 years$12,763$12,277$11,813$11,369$10,945$9,117
5 years$10,108$9,625$9,167$8,733$8,320$6,583
6 years$8,339$7,860$7,409$6,984$6,583$4,939
7 years$7,076$6,601$6,157$5,742$5,354$3,802
8 years$6,129$5,658$5,221$4,816$4,442$2,980
9 years$5,393$4,926$4,497$4,103$3,741$2,367
10 years$4,804$4,342$3,921$3,536$3,187$1,899
11 years$4,323$3,866$3,452$3,078$2,741$1,535
12 years$3,922$3,470$3,063$2,700$2,375$1,248
13 years$3,583$3,136$2,737$2,383$2,071$1,020
14 years$3,293$2,850$2,459$2,116$1,816$837
15 years$3,042$2,604$2,220$1,887$1,599$689
16 years$2,822$2,389$2,013$1,689$1,413$568
17 years$2,629$2,200$1,832$1,518$1,253$470
18 years$2,457$2,033$1,672$1,368$1,114$389
19 years$2,303$1,884$1,531$1,236$993$323
20 years$2,165$1,751$1,405$1,120$887$268
21 years$2,040$1,631$1,292$1,016$794$223
22 years$1,927$1,522$1,191$924$711$185
23 years$1,824$1,424$1,100$841$639$154
24 years$1,729$1,334$1,017$767$574$128
25 years$1,642$1,252$942$701$516$107
26 years$1,562$1,177$874$641$465$89
27 years$1,488$1,107$811$586$419$74
28 years$1,420$1,043$754$537$378$62
29 years$1,356$984$702$493$342$52
30 years$1,297$930$654$452$309$43
31 years$1,241$879$609$415$279$36
32 years$1,189$831$569$382$253$30
33 years$1,141$787$531$351$229$25
34 years$1,095$746$496$323$207$21
35 years$1,052$708$464$297$187$17
36 years$1,012$672$434$274$170$14
37 years$974$638$406$252$154$12
38 years$937$606$380$233$140$10
39 years$903$577$356$214$127$8
40 years$871$549$334$198$115$7
41 years$840$522$313$182$104$6
42 years$811$497$294$168$94$5
43 years$783$474$276$155$86$4
44 years$757$452$259$144$78$3
45 years$732$431$243$133$71$3
46 years$708$411$228$122$64$2
47 years$685$392$214$113$58$2
48 years$663$374$201$105$53$2
49 years$642$357$189$97$48$1
50 years$622$341$178$89$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $637,000, adding $6,474 every year, while hoping to spend $48,733 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: 52/27/21 Blend
57$637,000$637,000$637,000$637,000
58$708,652$674,891$665,017$741,078
59$729,083$656,109$635,444$745,338
60$749,964$634,774$603,246$744,393
61$771,291$610,708$568,286$742,334
62$793,055$583,725$530,416$739,071
63$815,247$553,627$489,485$734,511
64$837,853$520,206$445,333$728,553
65$860,858$483,240$397,795$721,088
66$884,241$442,495$346,698$712,002
67$907,981$397,724$291,859$701,172
68$932,049$348,666$233,090$688,467
69$956,412$295,045$170,193$673,749
70$981,033$236,569$102,961$656,867
71$1,005,868$172,931$31,180$637,664
72$1,030,867$103,805$0$615,969
73$1,055,971$28,847$0$601,779
74$1,081,114$0$0$592,840
75$1,106,221$0$0$597,546
76$1,131,206$0$0$610,718
77$1,155,973$0$0$623,729
78$1,180,411$0$0$636,514
79$1,204,398$0$0$649,003
80$1,227,794$0$0$661,113
81$1,250,443$0$0$672,754
82$1,272,172$0$0$683,826
83$1,292,784$0$0$694,214
84$1,312,060$0$0$703,792
85$1,329,755$0$0$712,418
86$1,345,597$0$0$719,934
87$1,359,282$0$0$726,165
88$1,370,470$0$0$730,914
89$1,378,784$0$0$733,965
90$1,383,805$0$0$735,074
91$1,385,067$0$0$733,972
92$1,382,050$0$0$730,362
93$1,374,181$0$0$723,912
94$1,360,820$0$0$714,254
95$1,341,260$0$0$700,981
96$1,314,718$0$0$683,641
97$1,280,322$0$0$661,734
98$1,237,110$0$0$634,706
99$1,184,015$0$0$601,943
100$1,119,858$0$0$562,767