Can I retire at age 58 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$52,768$52,298$51,839$51,392$50,955$50,173
2 years$26,123$25,636$25,165$24,708$24,264$23,478
3 years$17,242$16,754$16,283$15,830$15,394$14,629
4 years$12,803$12,316$11,850$11,405$10,979$10,240
5 years$10,140$9,656$9,196$8,760$8,346$7,636
6 years$8,365$7,885$7,432$7,005$6,604$5,923
7 years$7,098$6,621$6,176$5,760$5,371$4,719
8 years$6,148$5,676$5,238$4,832$4,456$3,833
9 years$5,410$4,942$4,511$4,115$3,752$3,159
10 years$4,819$4,356$3,933$3,548$3,197$2,633
11 years$4,336$3,878$3,463$3,087$2,750$2,213
12 years$3,934$3,481$3,073$2,708$2,383$1,874
13 years$3,594$3,145$2,745$2,391$2,078$1,596
14 years$3,303$2,859$2,467$2,122$1,821$1,365
15 years$3,051$2,612$2,227$1,893$1,604$1,173
16 years$2,831$2,396$2,019$1,695$1,417$1,011
17 years$2,637$2,207$1,837$1,523$1,257$873
18 years$2,464$2,039$1,677$1,372$1,117$757
19 years$2,310$1,890$1,536$1,240$996$657
20 years$2,172$1,756$1,409$1,123$890$571
21 years$2,047$1,636$1,296$1,019$796$497
22 years$1,933$1,527$1,195$927$714$434
23 years$1,829$1,428$1,103$844$641$378
24 years$1,735$1,338$1,020$770$576$331
25 years$1,647$1,256$945$703$518$289
26 years$1,567$1,180$876$643$467$253
27 years$1,493$1,111$814$588$421$222
28 years$1,424$1,047$756$539$380$194
29 years$1,360$987$704$494$343$170
30 years$1,301$932$656$454$310$149
31 years$1,245$882$611$417$280$131
32 years$1,193$834$570$383$253$115
33 years$1,144$790$533$352$229$101
34 years$1,099$749$498$324$208$88
35 years$1,055$710$465$298$188$78
36 years$1,015$674$435$275$170$68
37 years$977$640$407$253$154$60
38 years$940$608$381$233$140$53
39 years$906$578$357$215$127$46
40 years$874$550$335$198$115$41
41 years$843$524$314$183$104$36
42 years$814$499$295$169$95$31
43 years$786$475$276$156$86$28
44 years$759$453$260$144$78$24
45 years$734$432$244$133$71$21
46 years$710$412$229$123$64$19
47 years$687$393$215$113$58$17
48 years$665$376$202$105$53$15
49 years$644$359$190$97$48$13
50 years$624$343$179$90$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $639,000, adding $3,587 every year, while hoping to spend $45,466 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: 41/34/25 Blend
57$639,000$639,000$639,000$639,000
58$707,878$674,011$664,106$731,567
59$731,706$658,662$637,979$733,590
60$756,441$641,037$609,452$731,210
61$782,127$620,977$578,397$727,743
62$808,811$598,312$544,681$723,113
63$836,545$572,865$508,163$717,244
64$865,383$544,445$468,696$710,055
65$895,382$512,854$426,128$701,462
66$926,606$477,878$380,299$691,377
67$959,122$439,296$331,040$679,707
68$993,001$396,871$278,179$666,356
69$1,028,322$350,352$221,533$651,221
70$1,065,167$299,475$160,910$634,199
71$1,103,627$243,963$96,114$615,178
72$1,143,799$183,519$26,936$594,045
73$1,185,789$117,833$0$570,680
74$1,229,708$46,577$0$557,466
75$1,275,681$0$0$550,248
76$1,323,841$0$0$553,209
77$1,374,331$0$0$574,606
78$1,427,308$0$0$597,082
79$1,482,941$0$0$620,713
80$1,541,416$0$0$645,580
81$1,602,932$0$0$671,772
82$1,667,709$0$0$699,386
83$1,735,982$0$0$728,529
84$1,808,012$0$0$759,315
85$1,884,080$0$0$791,870
86$1,964,495$0$0$826,332
87$2,049,590$0$0$862,850
88$2,139,735$0$0$901,589
89$2,235,328$0$0$942,726
90$2,336,808$0$0$986,459
91$2,444,653$0$0$1,033,001
92$2,559,388$0$0$1,082,586
93$2,681,585$0$0$1,135,473
94$2,811,871$0$0$1,191,941
95$2,950,936$0$0$1,252,300
96$3,099,530$0$0$1,316,887
97$3,258,481$0$0$1,386,072
98$3,428,693$0$0$1,460,263
99$3,611,159$0$0$1,539,905
100$3,806,968$0$0$1,625,487