Can I retire at age 58 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$53,098$52,625$52,164$51,714$51,274$50,865
2 years$26,286$25,797$25,322$24,862$24,416$24,004
3 years$17,350$16,858$16,385$15,929$15,491$15,088
4 years$12,883$12,393$11,924$11,476$11,048$10,658
5 years$10,203$9,716$9,254$8,815$8,399$8,023
6 years$8,417$7,934$7,478$7,049$6,645$6,284
7 years$7,142$6,663$6,215$5,796$5,405$5,057
8 years$6,186$5,711$5,270$4,862$4,484$4,151
9 years$5,443$4,973$4,539$4,141$3,776$3,457
10 years$4,849$4,383$3,958$3,570$3,217$2,913
11 years$4,364$3,902$3,484$3,107$2,767$2,476
12 years$3,959$3,502$3,092$2,725$2,398$2,121
13 years$3,617$3,165$2,763$2,406$2,091$1,827
14 years$3,324$2,877$2,482$2,136$1,833$1,582
15 years$3,070$2,628$2,241$1,905$1,614$1,375
16 years$2,849$2,411$2,032$1,705$1,426$1,200
17 years$2,653$2,221$1,849$1,532$1,265$1,050
18 years$2,480$2,052$1,688$1,381$1,124$922
19 years$2,325$1,902$1,545$1,248$1,002$811
20 years$2,185$1,767$1,418$1,130$895$714
21 years$2,059$1,646$1,304$1,026$801$630
22 years$1,945$1,537$1,202$933$718$557
23 years$1,841$1,437$1,110$849$645$493
24 years$1,745$1,347$1,027$775$579$437
25 years$1,658$1,264$951$707$521$387
26 years$1,577$1,188$882$647$470$344
27 years$1,502$1,118$819$592$423$305
28 years$1,433$1,053$761$542$382$272
29 years$1,369$994$708$497$345$241
30 years$1,309$938$660$456$312$215
31 years$1,253$887$615$419$282$191
32 years$1,201$839$574$385$255$170
33 years$1,152$795$536$354$231$152
34 years$1,105$753$501$326$209$135
35 years$1,062$715$468$300$189$121
36 years$1,021$678$438$276$171$108
37 years$983$644$410$255$155$96
38 years$946$612$384$235$141$86
39 years$912$582$360$216$128$76
40 years$879$554$337$200$116$68
41 years$848$527$316$184$105$61
42 years$819$502$296$170$95$54
43 years$791$478$278$157$87$48
44 years$764$456$261$145$79$43
45 years$739$435$245$134$71$39
46 years$714$415$230$124$65$35
47 years$691$396$216$114$59$31
48 years$669$378$203$106$53$28
49 years$648$361$191$98$49$25
50 years$628$345$180$90$44$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $643,000, adding $3,896 every year, while hoping to spend $25,969 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: 39/49/12 Blend
57$643,000$643,000$643,000$643,000
58$712,605$678,526$668,559$737,674
59$757,660$684,143$663,325$761,422
60$806,440$689,164$657,045$784,249
61$859,298$693,535$649,657$808,357
62$916,621$697,193$641,096$833,874
63$978,836$700,075$631,292$860,944
64$1,046,412$702,113$620,175$889,722
65$1,119,864$703,234$607,669$920,384
66$1,199,759$703,363$593,695$953,126
67$1,286,723$702,416$578,172$988,163
68$1,381,442$700,307$561,014$1,025,734
69$1,484,671$696,944$542,130$1,066,108
70$1,597,242$692,230$521,427$1,109,579
71$1,720,072$686,060$498,806$1,156,475
72$1,854,168$678,325$474,164$1,207,160
73$2,000,639$668,909$447,394$1,262,038
74$2,160,706$657,687$418,384$1,321,557
75$2,335,714$644,530$387,016$1,386,213
76$2,527,143$629,299$353,167$1,456,556
77$2,736,624$611,846$316,711$1,533,194
78$2,965,950$592,017$277,511$1,616,804
79$3,217,099$569,648$235,430$1,708,132
80$3,492,247$544,564$190,320$1,808,007
81$3,793,790$516,582$142,030$1,917,345
82$4,124,369$485,507$90,400$2,037,162
83$4,486,890$451,132$35,264$2,168,580
84$4,884,557$413,242$0$2,312,843
85$5,320,895$371,604$0$2,474,344
86$5,799,791$325,977$0$2,656,602
87$6,325,523$276,104$0$2,856,802
88$6,902,806$221,712$0$3,076,832
89$7,536,832$162,516$0$3,318,777
90$8,233,322$98,212$0$3,584,937
91$8,998,578$28,481$0$3,877,858
92$9,839,541$0$0$4,200,350
93$10,763,861$0$0$4,580,866
94$11,779,962$0$0$5,016,141
95$12,897,130$0$0$5,494,808
96$14,125,589$0$0$6,021,260
97$15,476,610$0$0$6,600,338
98$16,962,607$0$0$7,237,377
99$18,597,258$0$0$7,938,253
100$20,395,634$0$0$8,709,443