Can I retire at age 58 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$54,915$54,426$53,949$53,483$53,028$51,725
2 years$27,186$26,679$26,189$25,713$25,251$23,947
3 years$17,944$17,435$16,946$16,475$16,021$14,755
4 years$13,324$12,817$12,332$11,869$11,426$10,209
5 years$10,552$10,049$9,570$9,117$8,686$7,521
6 years$8,705$8,205$7,734$7,291$6,873$5,762
7 years$7,387$6,891$6,427$5,994$5,589$4,532
8 years$6,398$5,907$5,451$5,028$4,637$3,632
9 years$5,630$5,143$4,695$4,283$3,905$2,953
10 years$5,015$4,533$4,093$3,692$3,327$2,426
11 years$4,513$4,036$3,603$3,213$2,862$2,010
12 years$4,094$3,622$3,198$2,818$2,480$1,677
13 years$3,741$3,273$2,857$2,488$2,162$1,406
14 years$3,438$2,975$2,567$2,209$1,896$1,184
15 years$3,175$2,718$2,318$1,970$1,669$1,001
16 years$2,946$2,494$2,101$1,764$1,475$849
17 years$2,744$2,297$1,912$1,585$1,308$722
18 years$2,565$2,122$1,746$1,428$1,163$615
19 years$2,404$1,967$1,598$1,290$1,037$525
20 years$2,260$1,828$1,467$1,169$926$448
21 years$2,130$1,702$1,349$1,061$829$384
22 years$2,012$1,589$1,243$964$743$329
23 years$1,904$1,486$1,148$878$667$282
24 years$1,805$1,393$1,062$801$599$242
25 years$1,714$1,307$983$732$539$208
26 years$1,631$1,228$912$669$486$178
27 years$1,554$1,156$847$612$438$153
28 years$1,482$1,089$787$561$395$132
29 years$1,416$1,028$733$514$357$113
30 years$1,354$970$682$472$322$98
31 years$1,296$917$636$434$291$84
32 years$1,242$868$594$398$264$72
33 years$1,191$822$554$366$239$62
34 years$1,143$779$518$337$216$54
35 years$1,098$739$484$310$196$46
36 years$1,056$701$453$286$177$40
37 years$1,016$666$424$263$161$34
38 years$979$633$397$243$146$30
39 years$943$602$372$224$132$25
40 years$909$573$349$206$120$22
41 years$877$545$327$190$109$19
42 years$847$519$307$176$99$16
43 years$818$495$288$162$90$14
44 years$790$472$270$150$81$12
45 years$764$450$254$138$74$10
46 years$739$429$238$128$67$9
47 years$715$409$224$118$61$8
48 years$692$391$210$109$55$7
49 years$670$373$198$101$50$6
50 years$649$357$186$93$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $665,000, adding $5,795 every year, while hoping to spend $33,790 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: 65/21/14 Blend
57$665,000$665,000$665,000$665,000
58$738,808$703,563$693,255$784,017
59$778,214$702,085$680,527$813,484
60$820,507$699,402$666,240$841,213
61$865,945$695,420$650,306$870,673
62$914,814$690,038$632,633$902,032
63$967,424$683,149$613,125$935,478
64$1,024,118$674,640$591,682$971,215
65$1,085,273$664,392$568,198$1,009,472
66$1,151,301$652,278$542,563$1,050,501
67$1,222,657$638,162$514,662$1,094,582
68$1,299,840$621,904$484,376$1,142,022
69$1,383,399$603,353$451,577$1,193,165
70$1,473,936$582,347$416,135$1,248,387
71$1,572,115$558,720$377,914$1,308,107
72$1,678,666$532,292$336,768$1,372,787
73$1,794,389$502,874$292,550$1,442,939
74$1,920,168$470,266$245,101$1,519,128
75$2,056,973$434,257$194,260$1,601,980
76$2,205,872$394,624$139,856$1,692,185
77$2,368,041$351,129$81,710$1,790,507
78$2,544,771$303,525$19,637$1,897,792
79$2,737,486$251,546$0$2,014,972
80$2,947,752$194,914$0$2,150,040
81$3,177,293$133,335$0$2,300,757
82$3,428,007$66,499$0$2,465,478
83$3,701,983$0$0$2,645,626
84$4,001,520$0$0$2,844,141
85$4,329,150$0$0$3,078,126
86$4,687,663$0$0$3,334,209
87$5,080,127$0$0$3,614,589
88$5,509,924$0$0$3,921,687
89$5,980,777$0$0$4,258,168
90$6,496,785$0$0$4,626,970
91$7,062,463$0$0$5,031,325
92$7,682,786$0$0$5,474,796
93$8,363,230$0$0$5,961,304
94$9,109,828$0$0$6,495,170
95$9,929,226$0$0$7,081,153
96$10,828,745$0$0$7,724,497
97$11,816,446$0$0$8,430,975
98$12,901,212$0$0$9,206,949
99$14,092,829$0$0$10,059,427
100$15,402,074$0$0$10,996,129