Can I retire at age 58 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$54,750$54,262$53,786$53,322$52,869$50,851
2 years$27,104$26,599$26,110$25,636$25,176$23,167
3 years$17,890$17,383$16,895$16,425$15,972$14,036
4 years$13,284$12,778$12,295$11,833$11,392$9,541
5 years$10,521$10,018$9,542$9,089$8,660$6,901
6 years$8,679$8,181$7,711$7,269$6,852$5,186
7 years$7,365$6,870$6,408$5,976$5,573$3,998
8 years$6,379$5,889$5,434$5,013$4,623$3,139
9 years$5,613$5,127$4,681$4,270$3,893$2,498
10 years$5,000$4,520$4,081$3,681$3,317$2,008
11 years$4,499$4,023$3,593$3,203$2,853$1,626
12 years$4,082$3,611$3,188$2,810$2,472$1,326
13 years$3,729$3,264$2,849$2,481$2,156$1,086
14 years$3,427$2,966$2,559$2,202$1,890$893
15 years$3,166$2,710$2,311$1,964$1,664$736
16 years$2,937$2,486$2,095$1,758$1,471$609
17 years$2,736$2,290$1,906$1,580$1,304$504
18 years$2,557$2,116$1,740$1,424$1,159$418
19 years$2,397$1,961$1,593$1,287$1,033$348
20 years$2,253$1,822$1,462$1,165$923$289
21 years$2,123$1,697$1,345$1,057$826$241
22 years$2,006$1,584$1,240$962$740$201
23 years$1,898$1,482$1,144$876$665$168
24 years$1,800$1,388$1,058$799$597$140
25 years$1,709$1,303$980$729$538$117
26 years$1,626$1,225$909$667$484$98
27 years$1,549$1,152$844$610$437$81
28 years$1,478$1,086$785$559$394$68
29 years$1,411$1,024$730$513$356$57
30 years$1,350$968$680$471$321$48
31 years$1,292$915$634$432$291$40
32 years$1,238$865$592$397$263$33
33 years$1,187$820$553$365$238$28
34 years$1,140$777$516$336$215$23
35 years$1,095$737$483$309$195$19
36 years$1,053$699$452$285$177$16
37 years$1,013$664$423$263$160$14
38 years$976$631$396$242$145$11
39 years$940$600$371$223$132$10
40 years$906$571$348$206$119$8
41 years$874$544$326$190$108$7
42 years$844$518$306$175$98$6
43 years$815$493$287$162$89$5
44 years$788$470$269$149$81$4
45 years$762$448$253$138$74$3
46 years$737$428$237$127$67$3
47 years$713$408$223$118$61$2
48 years$690$390$210$109$55$2
49 years$668$372$197$101$50$2
50 years$647$355$185$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $663,000, adding $6,108 every year, while hoping to spend $22,289 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: 24/50/26 Blend
57$663,000$663,000$663,000$663,000
58$736,926$701,787$691,511$748,442
59$788,378$712,460$690,961$769,232
60$844,330$722,908$689,646$789,200
61$905,218$733,097$687,516$810,120
62$971,523$742,991$684,520$832,086
63$1,043,771$752,550$680,604$855,203
64$1,122,542$761,732$675,711$879,586
65$1,208,476$770,491$669,782$905,365
66$1,302,275$778,780$662,754$932,684
67$1,404,713$786,546$654,562$961,703
68$1,516,643$793,736$645,139$992,600
69$1,639,002$800,290$634,413$1,025,574
70$1,772,822$806,147$622,308$1,060,845
71$1,919,242$811,241$608,748$1,098,658
72$2,079,513$815,500$593,649$1,139,286
73$2,255,014$818,849$576,926$1,183,030
74$2,447,262$821,210$558,490$1,230,227
75$2,657,930$822,496$538,247$1,281,248
76$2,888,859$822,619$516,099$1,336,508
77$3,142,077$821,482$491,943$1,396,465
78$3,419,819$818,984$465,672$1,461,628
79$3,724,543$815,017$437,174$1,532,560
80$4,058,959$809,466$406,333$1,609,888
81$4,426,054$802,210$373,026$1,694,305
82$4,829,114$793,121$337,125$1,786,577
83$5,271,762$782,062$298,497$1,887,556
84$5,757,987$768,889$257,002$1,998,184
85$6,292,185$753,448$212,495$2,119,505
86$6,879,199$735,577$164,824$2,252,672
87$7,524,361$715,105$113,830$2,398,963
88$8,233,550$691,850$59,348$2,559,795
89$9,013,241$665,618$1,204$2,736,731
90$9,870,565$636,207$0$2,931,503
91$10,813,383$603,401$0$3,162,906
92$11,850,352$566,973$0$3,417,632
93$12,991,014$526,680$0$3,697,742
94$14,245,879$482,269$0$4,005,882
95$15,626,528$433,470$0$4,344,975
96$17,145,721$379,998$0$4,718,243
97$18,817,520$321,552$0$5,129,249
98$20,657,414$257,815$0$5,581,922
99$22,682,473$188,451$0$6,080,600
100$24,911,505$113,105$0$6,630,070