Can I retire at age 58 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$53,676$53,198$52,732$52,276$51,832$50,765
2 years$26,572$26,078$25,598$25,133$24,682$23,611
3 years$17,539$17,042$16,564$16,103$15,659$14,619
4 years$13,023$12,528$12,054$11,601$11,168$10,166
5 years$10,314$9,822$9,354$8,911$8,490$7,529
6 years$8,509$8,020$7,560$7,126$6,718$5,799
7 years$7,220$6,735$6,282$5,859$5,463$4,587
8 years$6,254$5,773$5,328$4,915$4,532$3,698
9 years$5,503$5,027$4,589$4,186$3,817$3,024
10 years$4,902$4,431$4,001$3,609$3,252$2,500
11 years$4,411$3,945$3,522$3,141$2,797$2,085
12 years$4,002$3,540$3,126$2,755$2,424$1,750
13 years$3,656$3,200$2,793$2,432$2,114$1,478
14 years$3,360$2,908$2,509$2,159$1,853$1,253
15 years$3,104$2,657$2,266$1,925$1,631$1,067
16 years$2,880$2,438$2,054$1,724$1,442$911
17 years$2,682$2,245$1,869$1,549$1,278$780
18 years$2,507$2,074$1,706$1,396$1,137$669
19 years$2,350$1,923$1,562$1,261$1,013$575
20 years$2,209$1,786$1,433$1,142$905$496
21 years$2,082$1,664$1,319$1,037$810$427
22 years$1,966$1,553$1,215$943$726$369
23 years$1,861$1,453$1,122$858$652$319
24 years$1,764$1,361$1,038$783$586$276
25 years$1,676$1,277$961$715$527$239
26 years$1,594$1,201$891$654$475$207
27 years$1,519$1,130$828$598$428$179
28 years$1,449$1,065$769$548$386$155
29 years$1,384$1,004$716$503$349$135
30 years$1,323$949$667$461$315$117
31 years$1,267$897$622$424$285$101
32 years$1,214$848$580$390$258$88
33 years$1,164$803$542$358$233$76
34 years$1,117$762$506$330$211$66
35 years$1,074$722$473$303$191$58
36 years$1,032$686$443$279$173$50
37 years$993$651$414$257$157$43
38 years$957$619$388$237$142$38
39 years$922$588$364$219$129$33
40 years$889$560$341$202$117$29
41 years$857$533$319$186$106$25
42 years$828$508$300$172$96$22
43 years$799$484$281$159$87$19
44 years$772$461$264$146$79$16
45 years$747$440$248$135$72$14
46 years$722$419$233$125$65$12
47 years$699$400$219$115$59$11
48 years$676$382$206$107$54$9
49 years$655$365$193$99$49$8
50 years$635$348$182$91$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $650,000, adding $4,963 every year, while hoping to spend $26,421 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: 76/9/15 Blend
57$650,000$650,000$650,000$650,000
58$721,419$686,969$676,894$773,550
59$766,892$692,519$671,459$814,206
60$816,118$697,455$664,955$854,968
61$869,452$701,720$657,320$898,934
62$927,283$705,251$648,488$946,415
63$990,041$707,984$638,387$997,753
64$1,058,198$709,848$626,946$1,053,325
65$1,132,273$710,769$614,088$1,113,548
66$1,212,837$710,669$599,732$1,178,880
67$1,300,518$709,464$583,795$1,249,826
68$1,396,008$707,064$566,189$1,326,943
69$1,500,067$703,377$546,822$1,410,846
70$1,613,532$698,301$525,600$1,502,212
71$1,737,326$691,731$502,421$1,601,786
72$1,872,462$683,555$477,180$1,710,392
73$2,020,056$673,652$449,769$1,828,936
74$2,181,338$661,897$420,073$1,958,418
75$2,357,661$648,157$387,971$2,099,941
76$2,550,514$632,288$353,340$2,254,719
77$2,761,538$614,142$316,049$2,424,092
78$2,992,539$593,558$275,960$2,609,536
79$3,245,505$570,370$232,932$2,812,680
80$3,522,628$544,399$186,817$3,035,318
81$3,826,319$515,458$137,458$3,279,428
82$4,159,234$483,346$84,693$3,547,192
83$4,524,299$447,853$28,354$3,841,014
84$4,924,737$408,757$0$4,163,544
85$5,364,097$365,823$0$4,522,790
86$5,846,288$318,802$0$4,922,060
87$6,375,617$267,431$0$5,360,395
88$6,956,827$211,432$0$5,841,739
89$7,595,144$150,513$0$6,370,443
90$8,296,324$84,363$0$6,951,297
91$9,066,708$12,656$0$7,589,582
92$9,913,282$0$0$8,291,115
93$10,843,743$0$0$9,068,741
94$11,866,569$0$0$9,924,965
95$12,991,101$0$0$10,866,357
96$14,227,631$0$0$11,901,536
97$15,587,497$0$0$13,039,998
98$17,083,192$0$0$14,292,205
99$18,728,480$0$0$15,669,684
100$20,538,525$0$0$17,185,135