Can I retire at age 58 with 663,000?

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 $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%14.1%
1 years$54,750$54,262$53,786$53,322$52,869$51,971
2 years$27,104$26,599$26,110$25,636$25,176$24,274
3 years$17,890$17,383$16,895$16,425$15,972$15,095
4 years$13,284$12,778$12,295$11,833$11,392$10,545
5 years$10,521$10,018$9,542$9,089$8,660$7,847
6 years$8,679$8,181$7,711$7,269$6,852$6,073
7 years$7,365$6,870$6,408$5,976$5,573$4,828
8 years$6,379$5,889$5,434$5,013$4,623$3,913
9 years$5,613$5,127$4,681$4,270$3,893$3,217
10 years$5,000$4,520$4,081$3,681$3,317$2,675
11 years$4,499$4,023$3,593$3,203$2,853$2,243
12 years$4,082$3,611$3,188$2,810$2,472$1,894
13 years$3,729$3,264$2,849$2,481$2,156$1,609
14 years$3,427$2,966$2,559$2,202$1,890$1,373
15 years$3,166$2,710$2,311$1,964$1,664$1,176
16 years$2,937$2,486$2,095$1,758$1,471$1,010
17 years$2,736$2,290$1,906$1,580$1,304$871
18 years$2,557$2,116$1,740$1,424$1,159$752
19 years$2,397$1,961$1,593$1,287$1,033$651
20 years$2,253$1,822$1,462$1,165$923$564
21 years$2,123$1,697$1,345$1,057$826$490
22 years$2,006$1,584$1,240$962$740$426
23 years$1,898$1,482$1,144$876$665$371
24 years$1,800$1,388$1,058$799$597$323
25 years$1,709$1,303$980$729$538$281
26 years$1,626$1,225$909$667$484$245
27 years$1,549$1,152$844$610$437$214
28 years$1,478$1,086$785$559$394$187
29 years$1,411$1,024$730$513$356$163
30 years$1,350$968$680$471$321$143
31 years$1,292$915$634$432$291$125
32 years$1,238$865$592$397$263$109
33 years$1,187$820$553$365$238$96
34 years$1,140$777$516$336$215$84
35 years$1,095$737$483$309$195$73
36 years$1,053$699$452$285$177$64
37 years$1,013$664$423$263$160$56
38 years$976$631$396$242$145$49
39 years$940$600$371$223$132$43
40 years$906$571$348$206$119$38
41 years$874$544$326$190$108$33
42 years$844$518$306$175$98$29
43 years$815$493$287$162$89$25
44 years$788$470$269$149$81$22
45 years$762$448$253$138$74$19
46 years$737$428$237$127$67$17
47 years$713$408$223$118$61$15
48 years$690$390$210$109$55$13
49 years$668$372$197$101$50$11
50 years$647$355$185$93$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $663,000, adding $6,455 every year, while hoping to spend $39,179 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: 74/11/15 Blend
57$663,000$663,000$663,000$663,000
58$737,284$702,145$691,869$788,946
59$770,801$694,864$673,360$816,722
60$806,424$685,913$652,919$841,682
61$844,325$675,169$630,438$867,981
62$884,695$662,502$605,806$895,742
63$927,742$647,772$578,909$925,101
64$973,693$630,835$549,624$956,206
65$1,022,798$611,534$517,824$989,225
66$1,075,330$589,705$483,378$1,024,341
67$1,131,588$565,175$446,146$1,061,756
68$1,191,902$537,761$405,983$1,101,696
69$1,256,633$507,267$362,740$1,144,409
70$1,326,175$473,489$316,257$1,190,169
71$1,400,963$436,208$266,370$1,239,280
72$1,481,474$395,196$212,907$1,292,079
73$1,568,233$350,209$155,688$1,348,936
74$1,661,814$300,990$94,524$1,410,262
75$1,762,849$247,269$29,221$1,476,512
76$1,872,033$188,758$0$1,548,185
77$1,990,129$125,156$0$1,632,316
78$2,117,976$56,142$0$1,728,450
79$2,256,496$0$0$1,832,620
80$2,406,703$0$0$1,947,865
81$2,569,713$0$0$2,080,332
82$2,746,753$0$0$2,224,224
83$2,939,170$0$0$2,380,643
84$3,148,450$0$0$2,550,796
85$3,376,225$0$0$2,736,016
86$3,624,293$0$0$2,937,767
87$3,894,629$0$0$3,157,662
88$4,189,411$0$0$3,397,473
89$4,511,032$0$0$3,659,153
90$4,862,129$0$0$3,944,851
91$5,245,604$0$0$4,256,934
92$5,664,651$0$0$4,598,004
93$6,122,786$0$0$4,970,930
94$6,623,882$0$0$5,378,868
95$7,172,201$0$0$5,825,294
96$7,772,439$0$0$6,314,036
97$8,429,764$0$0$6,849,309
98$9,149,870$0$0$7,435,753
99$9,939,024$0$0$8,078,480
100$10,804,132$0$0$8,783,121