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%14.4%
1 years$54,007$53,526$53,056$52,598$52,151$51,203
2 years$26,736$26,238$25,755$25,288$24,834$23,882
3 years$17,647$17,147$16,666$16,202$15,756$14,830
4 years$13,103$12,605$12,128$11,673$11,237$10,344
5 years$10,378$9,882$9,412$8,966$8,542$7,685
6 years$8,561$8,070$7,606$7,170$6,759$5,939
7 years$7,265$6,777$6,321$5,895$5,497$4,713
8 years$6,292$5,809$5,361$4,945$4,560$3,813
9 years$5,537$5,058$4,617$4,212$3,840$3,129
10 years$4,932$4,458$4,025$3,631$3,272$2,597
11 years$4,438$3,969$3,544$3,160$2,814$2,174
12 years$4,027$3,562$3,145$2,772$2,439$1,832
13 years$3,679$3,219$2,810$2,447$2,127$1,553
14 years$3,381$2,926$2,525$2,172$1,864$1,322
15 years$3,123$2,673$2,279$1,937$1,641$1,130
16 years$2,897$2,453$2,067$1,735$1,451$969
17 years$2,699$2,259$1,881$1,558$1,286$834
18 years$2,522$2,087$1,717$1,404$1,144$718
19 years$2,365$1,934$1,572$1,269$1,019$620
20 years$2,223$1,797$1,442$1,149$911$537
21 years$2,095$1,674$1,327$1,043$815$465
22 years$1,978$1,563$1,223$948$730$403
23 years$1,872$1,462$1,129$864$656$350
24 years$1,775$1,370$1,044$788$589$304
25 years$1,686$1,285$967$719$530$264
26 years$1,604$1,208$897$658$478$230
27 years$1,528$1,137$833$602$431$200
28 years$1,458$1,071$774$552$389$175
29 years$1,392$1,011$720$506$351$152
30 years$1,331$954$671$464$317$133
31 years$1,274$902$626$426$287$116
32 years$1,221$854$584$392$259$101
33 years$1,171$808$545$360$235$88
34 years$1,124$766$509$332$212$77
35 years$1,080$727$476$305$192$67
36 years$1,039$690$445$281$174$59
37 years$999$655$417$259$158$51
38 years$962$623$390$239$143$45
39 years$927$592$366$220$130$39
40 years$894$563$343$203$118$34
41 years$863$536$321$187$107$30
42 years$833$511$302$173$97$26
43 years$804$487$283$160$88$23
44 years$777$464$266$147$80$20
45 years$751$442$249$136$73$17
46 years$727$422$234$126$66$15
47 years$703$403$220$116$60$13
48 years$681$384$207$107$54$12
49 years$659$367$194$99$49$10
50 years$639$351$183$92$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $654,000, adding $3,115 every year, while hoping to spend $24,578 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: 78/13/9 Blend
57$654,000$654,000$654,000$654,000
58$723,921$689,259$679,122$779,131
59$771,610$696,882$675,722$823,457
60$823,340$704,055$671,384$868,570
61$879,496$710,729$666,051$917,330
62$940,504$716,854$659,663$970,089
63$1,006,831$722,375$652,157$1,027,236
64$1,078,990$727,234$643,467$1,089,198
65$1,157,548$731,369$633,524$1,156,448
66$1,243,127$734,715$622,255$1,229,504
67$1,336,411$737,201$609,586$1,308,939
68$1,438,154$738,753$595,436$1,395,383
69$1,549,186$739,293$579,724$1,489,530
70$1,670,420$738,735$562,362$1,592,147
71$1,802,861$736,991$543,259$1,704,077
72$1,947,616$733,967$522,322$1,826,249
73$2,105,903$729,562$499,450$1,959,687
74$2,279,064$723,669$474,540$2,105,522
75$2,468,576$716,176$447,484$2,264,997
76$2,676,064$706,963$418,169$2,439,483
77$2,903,321$695,902$386,476$2,630,492
78$3,152,319$682,860$352,282$2,839,690
79$3,425,229$667,694$315,457$3,068,911
80$3,724,445$650,254$275,867$3,320,180
81$4,052,601$630,378$233,371$3,595,727
82$4,412,598$607,899$187,821$3,898,009
83$4,807,635$582,638$139,065$4,229,736
84$5,241,231$554,404$86,941$4,593,894
85$5,717,265$522,999$31,282$4,993,773
86$6,240,010$488,209$0$5,433,001
87$6,814,171$449,812$0$5,918,276
88$7,444,934$407,570$0$6,454,686
89$8,138,010$361,234$0$7,044,100
90$8,899,691$310,538$0$7,691,888
91$9,736,909$255,204$0$8,403,973
92$10,657,301$194,936$0$9,186,877
93$11,669,280$129,423$0$10,047,790
94$12,782,117$58,335$0$10,994,636
95$14,006,024$0$0$12,036,146
96$15,352,254$0$0$13,184,613
97$16,833,204$0$0$14,457,214
98$18,462,534$0$0$15,857,345
99$20,255,295$0$0$17,397,943
100$22,228,069$0$0$19,093,260