Can I retire at age 58 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$54,007$53,526$53,056$52,598$52,151$51,161
2 years$26,736$26,238$25,755$25,288$24,834$23,840
3 years$17,647$17,147$16,666$16,202$15,756$14,789
4 years$13,103$12,605$12,128$11,673$11,237$10,306
5 years$10,378$9,882$9,412$8,966$8,542$7,648
6 years$8,561$8,070$7,606$7,170$6,759$5,904
7 years$7,265$6,777$6,321$5,895$5,497$4,680
8 years$6,292$5,809$5,361$4,945$4,560$3,782
9 years$5,537$5,058$4,617$4,212$3,840$3,100
10 years$4,932$4,458$4,025$3,631$3,272$2,569
11 years$4,438$3,969$3,544$3,160$2,814$2,148
12 years$4,027$3,562$3,145$2,772$2,439$1,808
13 years$3,679$3,219$2,810$2,447$2,127$1,531
14 years$3,381$2,926$2,525$2,172$1,864$1,302
15 years$3,123$2,673$2,279$1,937$1,641$1,111
16 years$2,897$2,453$2,067$1,735$1,451$951
17 years$2,699$2,259$1,881$1,558$1,286$817
18 years$2,522$2,087$1,717$1,404$1,144$703
19 years$2,365$1,934$1,572$1,269$1,019$606
20 years$2,223$1,797$1,442$1,149$911$524
21 years$2,095$1,674$1,327$1,043$815$453
22 years$1,978$1,563$1,223$948$730$392
23 years$1,872$1,462$1,129$864$656$340
24 years$1,775$1,370$1,044$788$589$295
25 years$1,686$1,285$967$719$530$256
26 years$1,604$1,208$897$658$478$222
27 years$1,528$1,137$833$602$431$193
28 years$1,458$1,071$774$552$389$168
29 years$1,392$1,011$720$506$351$146
30 years$1,331$954$671$464$317$127
31 years$1,274$902$626$426$287$111
32 years$1,221$854$584$392$259$97
33 years$1,171$808$545$360$235$84
34 years$1,124$766$509$332$212$73
35 years$1,080$727$476$305$192$64
36 years$1,039$690$445$281$174$56
37 years$999$655$417$259$158$49
38 years$962$623$390$239$143$42
39 years$927$592$366$220$130$37
40 years$894$563$343$203$118$32
41 years$863$536$321$187$107$28
42 years$833$511$302$173$97$24
43 years$804$487$283$160$88$21
44 years$777$464$266$147$80$19
45 years$751$442$249$136$73$16
46 years$727$422$234$126$66$14
47 years$703$403$220$116$60$12
48 years$681$384$207$107$54$11
49 years$659$367$194$99$49$9
50 years$639$351$183$92$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $654,000, adding $5,458 every year, while hoping to spend $53,549 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: 61/9/30 Blend
57$654,000$654,000$654,000$654,000
58$726,338$691,676$681,539$764,439
59$743,449$668,592$647,395$767,977
60$760,510$642,583$610,312$765,630
61$777,460$613,448$570,136$761,959
62$794,230$580,975$526,704$756,847
63$810,740$544,942$479,848$750,167
64$826,903$505,111$429,390$741,782
65$842,618$461,233$375,146$731,546
66$857,775$413,043$316,922$719,299
67$872,248$360,262$254,519$704,868
68$885,897$302,595$187,725$688,065
69$898,565$239,729$116,321$668,689
70$910,078$171,335$40,077$646,520
71$920,242$97,066$0$621,319
72$928,838$16,553$0$606,047
73$935,624$0$0$601,755
74$940,333$0$0$602,373
75$942,663$0$0$603,003
76$942,284$0$0$601,781
77$938,825$0$0$598,460
78$931,877$0$0$592,761
79$920,985$0$0$584,379
80$905,645$0$0$572,973
81$885,298$0$0$558,167
82$859,324$0$0$539,543
83$827,039$0$0$516,639
84$787,682$0$0$488,945
85$740,414$0$0$455,893
86$684,305$0$0$416,858
87$618,327$0$0$371,146
88$541,342$0$0$317,994
89$452,092$0$0$256,552
90$349,188$0$0$185,887
91$231,094$0$0$104,963
92$96,113$0$0$12,639
93$0$0$0$0
94$0$0$0$0
95$0$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