Can I retire at age 58 with 637,000?

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 $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%19.9%
1 years$52,603$52,134$51,677$51,231$50,795$48,780
2 years$26,041$25,556$25,086$24,630$24,188$22,183
3 years$17,188$16,701$16,232$15,781$15,346$13,414
4 years$12,763$12,277$11,813$11,369$10,945$9,100
5 years$10,108$9,625$9,167$8,733$8,320$6,568
6 years$8,339$7,860$7,409$6,984$6,583$4,925
7 years$7,076$6,601$6,157$5,742$5,354$3,788
8 years$6,129$5,658$5,221$4,816$4,442$2,967
9 years$5,393$4,926$4,497$4,103$3,741$2,355
10 years$4,804$4,342$3,921$3,536$3,187$1,888
11 years$4,323$3,866$3,452$3,078$2,741$1,526
12 years$3,922$3,470$3,063$2,700$2,375$1,240
13 years$3,583$3,136$2,737$2,383$2,071$1,013
14 years$3,293$2,850$2,459$2,116$1,816$830
15 years$3,042$2,604$2,220$1,887$1,599$683
16 years$2,822$2,389$2,013$1,689$1,413$563
17 years$2,629$2,200$1,832$1,518$1,253$465
18 years$2,457$2,033$1,672$1,368$1,114$385
19 years$2,303$1,884$1,531$1,236$993$319
20 years$2,165$1,751$1,405$1,120$887$264
21 years$2,040$1,631$1,292$1,016$794$220
22 years$1,927$1,522$1,191$924$711$182
23 years$1,824$1,424$1,100$841$639$152
24 years$1,729$1,334$1,017$767$574$126
25 years$1,642$1,252$942$701$516$105
26 years$1,562$1,177$874$641$465$87
27 years$1,488$1,107$811$586$419$73
28 years$1,420$1,043$754$537$378$61
29 years$1,356$984$702$493$342$51
30 years$1,297$930$654$452$309$42
31 years$1,241$879$609$415$279$35
32 years$1,189$831$569$382$253$29
33 years$1,141$787$531$351$229$24
34 years$1,095$746$496$323$207$20
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 $5,749 every year, while hoping to spend $21,550 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: 35/50/15 Blend
57$637,000$637,000$637,000$637,000
58$707,904$674,143$664,270$729,218
59$757,181$684,247$663,594$755,302
60$810,762$694,124$662,173$780,975
61$869,064$703,740$659,959$808,211
62$932,544$713,058$656,903$837,159
63$1,001,706$722,040$652,952$867,985
64$1,077,104$730,645$648,050$900,873
65$1,159,351$738,828$642,142$936,026
66$1,249,116$746,542$635,165$973,670
67$1,347,140$753,737$627,057$1,014,053
68$1,454,236$760,359$617,752$1,057,451
69$1,571,302$766,350$607,180$1,104,169
70$1,699,323$771,649$595,269$1,154,544
71$1,839,387$776,193$581,943$1,208,951
72$1,992,690$779,911$567,123$1,267,800
73$2,160,548$782,731$550,726$1,331,551
74$2,344,413$784,574$532,664$1,400,707
75$2,545,882$785,357$512,847$1,475,827
76$2,766,714$784,992$491,180$1,557,529
77$3,008,848$783,385$467,564$1,646,496
78$3,274,417$780,438$441,894$1,743,483
79$3,565,772$776,044$414,062$1,849,324
80$3,885,502$770,091$383,954$1,964,942
81$4,236,460$762,462$351,453$2,091,357
82$4,621,786$753,030$316,434$2,229,694
83$5,044,941$741,662$278,768$2,381,200
84$5,509,738$728,216$238,320$2,547,248
85$6,020,376$712,544$194,948$2,729,360
86$6,581,482$694,485$148,506$2,929,212
87$7,198,151$673,873$98,839$3,148,660
88$7,875,999$650,530$45,787$3,389,750
89$8,621,213$624,268$0$3,654,745
90$9,440,607$594,887$0$3,947,875
91$10,341,690$562,178$0$4,278,097
92$11,332,735$525,917$0$4,641,150
93$12,422,857$485,870$0$5,040,424
94$13,622,098$441,787$0$5,479,664
95$14,941,523$393,406$0$5,962,998
96$16,393,323$340,448$0$6,494,983
97$17,990,932$282,619$0$7,080,645
98$19,749,150$219,610$0$7,725,531
99$21,684,285$151,093$0$8,435,757
100$23,814,306$76,720$0$9,218,074