Can I retire at age 58 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$53,759$53,280$52,813$52,357$51,912$51,370
2 years$26,613$26,118$25,637$25,172$24,720$24,174
3 years$17,566$17,068$16,589$16,128$15,683$15,150
4 years$13,043$12,547$12,073$11,619$11,185$10,670
5 years$10,330$9,837$9,369$8,925$8,503$8,006
6 years$8,522$8,033$7,571$7,137$6,728$6,251
7 years$7,231$6,746$6,292$5,868$5,472$5,014
8 years$6,263$5,782$5,336$4,922$4,539$4,101
9 years$5,511$5,035$4,596$4,193$3,823$3,404
10 years$4,910$4,438$4,007$3,614$3,257$2,857
11 years$4,418$3,951$3,528$3,145$2,801$2,420
12 years$4,008$3,546$3,131$2,759$2,428$2,065
13 years$3,662$3,204$2,797$2,436$2,117$1,772
14 years$3,365$2,913$2,513$2,162$1,856$1,528
15 years$3,109$2,661$2,269$1,928$1,634$1,323
16 years$2,884$2,441$2,057$1,727$1,444$1,150
17 years$2,686$2,248$1,872$1,551$1,280$1,002
18 years$2,511$2,078$1,709$1,398$1,138$876
19 years$2,354$1,925$1,564$1,263$1,015$767
20 years$2,213$1,789$1,436$1,144$906$673
21 years$2,085$1,667$1,321$1,038$811$591
22 years$1,969$1,556$1,217$944$727$520
23 years$1,864$1,455$1,124$860$653$458
24 years$1,767$1,363$1,039$784$587$404
25 years$1,678$1,279$963$716$528$357
26 years$1,597$1,202$893$655$475$315
27 years$1,521$1,132$829$599$429$279
28 years$1,451$1,066$771$549$387$246
29 years$1,386$1,006$717$504$349$218
30 years$1,325$950$668$462$316$193
31 years$1,269$898$623$424$285$171
32 years$1,216$850$581$390$258$152
33 years$1,166$805$543$359$234$134
34 years$1,119$763$507$330$211$119
35 years$1,075$723$474$304$192$106
36 years$1,034$687$443$280$174$94
37 years$995$652$415$258$157$83
38 years$958$620$389$238$143$74
39 years$923$589$364$219$129$66
40 years$890$561$341$202$117$58
41 years$859$534$320$186$106$52
42 years$829$508$300$172$97$46
43 years$800$484$282$159$88$41
44 years$773$462$264$147$80$36
45 years$748$440$248$135$72$32
46 years$723$420$233$125$66$29
47 years$700$401$219$116$60$25
48 years$677$383$206$107$54$23
49 years$656$365$193$99$49$20
50 years$636$349$182$91$45$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $651,000, adding $3,516 every year, while hoping to spend $51,034 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: 54/24/22 Blend
57$651,000$651,000$651,000$651,000
58$721,029$686,526$676,435$755,441
59$740,274$665,866$644,796$758,797
60$759,772$642,483$610,386$756,816
61$779,494$616,190$573,060$753,577
62$799,408$586,789$532,663$748,976
63$819,476$554,070$489,036$742,900
64$839,654$517,811$442,010$735,231
65$859,893$477,779$391,412$725,840
66$880,137$433,724$337,059$714,590
67$900,320$385,386$278,759$701,333
68$920,370$332,487$216,315$685,911
69$940,203$274,735$149,517$668,154
70$959,728$211,820$78,150$647,879
71$978,838$143,417$1,985$624,891
72$997,415$69,180$0$598,979
73$1,015,328$0$0$588,529
74$1,032,427$0$0$579,365
75$1,048,546$0$0$587,855
76$1,063,501$0$0$595,617
77$1,077,083$0$0$602,525
78$1,089,061$0$0$608,443
79$1,099,177$0$0$613,215
80$1,107,145$0$0$616,668
81$1,112,645$0$0$618,613
82$1,115,322$0$0$618,835
83$1,114,781$0$0$617,100
84$1,110,585$0$0$613,145
85$1,102,246$0$0$606,679
86$1,089,226$0$0$597,380
87$1,070,927$0$0$584,890
88$1,046,684$0$0$568,814
89$1,015,765$0$0$548,711
90$977,355$0$0$524,098
91$930,553$0$0$494,436
92$874,363$0$0$459,130
93$807,682$0$0$417,522
94$729,289$0$0$368,884
95$637,836$0$0$312,412
96$531,831$0$0$247,215
97$409,625$0$0$172,310
98$269,396$0$0$86,612
99$109,129$0$0$0
100$0$0$0$0