Can I retire at age 58 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$52,933$52,462$52,002$51,553$51,114$50,350
2 years$26,205$25,717$25,244$24,785$24,340$23,572
3 years$17,296$16,806$16,334$15,880$15,442$14,694
4 years$12,843$12,354$11,887$11,441$11,014$10,291
5 years$10,172$9,686$9,225$8,787$8,372$7,678
6 years$8,391$7,909$7,455$7,027$6,625$5,959
7 years$7,120$6,642$6,195$5,778$5,388$4,751
8 years$6,167$5,694$5,254$4,847$4,470$3,861
9 years$5,426$4,957$4,525$4,128$3,764$3,184
10 years$4,834$4,370$3,945$3,559$3,207$2,655
11 years$4,350$3,890$3,473$3,097$2,758$2,233
12 years$3,947$3,491$3,083$2,717$2,390$1,892
13 years$3,606$3,155$2,754$2,398$2,084$1,612
14 years$3,314$2,868$2,474$2,129$1,827$1,380
15 years$3,061$2,620$2,234$1,899$1,609$1,186
16 years$2,840$2,404$2,026$1,700$1,422$1,023
17 years$2,645$2,214$1,843$1,527$1,261$885
18 years$2,472$2,046$1,683$1,377$1,121$767
19 years$2,318$1,896$1,540$1,244$999$666
20 years$2,179$1,762$1,414$1,127$892$580
21 years$2,053$1,641$1,300$1,022$799$505
22 years$1,939$1,532$1,198$930$716$441
23 years$1,835$1,433$1,107$847$643$385
24 years$1,740$1,342$1,023$772$578$337
25 years$1,653$1,260$948$705$520$295
26 years$1,572$1,184$879$645$468$258
27 years$1,498$1,114$816$590$422$226
28 years$1,429$1,050$759$541$381$198
29 years$1,365$990$706$496$344$174
30 years$1,305$935$658$455$311$153
31 years$1,249$884$613$418$281$134
32 years$1,197$837$572$384$254$118
33 years$1,148$792$534$353$230$103
34 years$1,102$751$499$325$208$91
35 years$1,059$712$467$299$189$80
36 years$1,018$676$437$276$171$70
37 years$980$642$409$254$155$62
38 years$943$610$383$234$140$54
39 years$909$580$358$216$127$48
40 years$876$552$336$199$115$42
41 years$845$526$315$184$105$37
42 years$816$500$296$169$95$32
43 years$788$477$277$156$86$29
44 years$762$455$260$144$78$25
45 years$736$433$244$133$71$22
46 years$712$414$230$123$65$19
47 years$689$395$216$114$59$17
48 years$667$377$203$105$53$15
49 years$646$360$191$97$48$13
50 years$626$344$179$90$44$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $641,000, adding $4,234 every year, while hoping to spend $51,339 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: 24/50/26 Blend
57$641,000$641,000$641,000$641,000
58$710,749$676,776$666,841$721,883
59$728,622$655,314$634,556$710,081
60$746,596$631,080$599,468$692,795
61$764,629$603,883$561,431$673,180
62$782,670$573,522$520,288$651,078
63$800,664$539,786$475,879$626,318
64$818,545$502,448$428,034$598,720
65$836,240$461,272$376,577$568,092
66$853,667$416,005$321,323$534,231
67$870,735$366,383$262,081$496,922
68$887,338$312,124$198,648$455,937
69$903,360$252,931$130,816$411,032
70$918,669$188,492$58,366$361,950
71$933,120$118,475$0$308,417
72$946,549$42,531$0$255,400
73$958,772$0$0$214,954
74$969,586$0$0$192,460
75$978,763$0$0$192,872
76$986,050$0$0$192,720
77$991,164$0$0$191,929
78$993,794$0$0$190,412
79$993,590$0$0$188,077
80$990,165$0$0$184,818
81$983,091$0$0$180,520
82$971,891$0$0$175,054
83$956,037$0$0$168,278
84$934,944$0$0$160,035
85$907,964$0$0$150,151
86$874,377$0$0$138,434
87$833,390$0$0$124,669
88$784,121$0$0$108,623
89$725,597$0$0$90,033
90$656,741$0$0$68,613
91$576,361$0$0$44,044
92$483,141$0$0$15,975
93$375,623$0$0$0
94$252,200$0$0$0
95$111,093$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0