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%
1 years$54,915$54,426$53,949$53,483$53,028$51,704
2 years$27,186$26,679$26,189$25,713$25,251$23,926
3 years$17,944$17,435$16,946$16,475$16,021$14,735
4 years$13,324$12,817$12,332$11,869$11,426$10,190
5 years$10,552$10,049$9,570$9,117$8,686$7,503
6 years$8,705$8,205$7,734$7,291$6,873$5,745
7 years$7,387$6,891$6,427$5,994$5,589$4,516
8 years$6,398$5,907$5,451$5,028$4,637$3,618
9 years$5,630$5,143$4,695$4,283$3,905$2,939
10 years$5,015$4,533$4,093$3,692$3,327$2,413
11 years$4,513$4,036$3,603$3,213$2,862$1,998
12 years$4,094$3,622$3,198$2,818$2,480$1,666
13 years$3,741$3,273$2,857$2,488$2,162$1,396
14 years$3,438$2,975$2,567$2,209$1,896$1,175
15 years$3,175$2,718$2,318$1,970$1,669$993
16 years$2,946$2,494$2,101$1,764$1,475$841
17 years$2,744$2,297$1,912$1,585$1,308$714
18 years$2,565$2,122$1,746$1,428$1,163$608
19 years$2,404$1,967$1,598$1,290$1,037$519
20 years$2,260$1,828$1,467$1,169$926$443
21 years$2,130$1,702$1,349$1,061$829$379
22 years$2,012$1,589$1,243$964$743$324
23 years$1,904$1,486$1,148$878$667$278
24 years$1,805$1,393$1,062$801$599$238
25 years$1,714$1,307$983$732$539$204
26 years$1,631$1,228$912$669$486$175
27 years$1,554$1,156$847$612$438$151
28 years$1,482$1,089$787$561$395$129
29 years$1,416$1,028$733$514$357$111
30 years$1,354$970$682$472$322$96
31 years$1,296$917$636$434$291$82
32 years$1,242$868$594$398$264$71
33 years$1,191$822$554$366$239$61
34 years$1,143$779$518$337$216$52
35 years$1,098$739$484$310$196$45
36 years$1,056$701$453$286$177$39
37 years$1,016$666$424$263$161$33
38 years$979$633$397$243$146$29
39 years$943$602$372$224$132$25
40 years$909$573$349$206$120$21
41 years$877$545$327$190$109$18
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$7
48 years$692$391$210$109$55$6
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 $4,390 every year, while hoping to spend $49,154 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: 51/37/12 Blend
57$665,000$665,000$665,000$665,000
58$737,358$702,113$691,806$772,383
59$760,269$684,217$662,682$778,917
60$783,870$663,797$630,935$780,440
61$808,178$640,677$596,425$780,974
62$833,214$614,671$559,006$780,440
63$858,994$585,583$518,525$778,753
64$885,539$553,204$474,824$775,823
65$912,868$517,315$427,735$771,556
66$941,001$477,683$377,083$765,850
67$969,955$434,062$322,688$758,598
68$999,752$386,193$264,360$749,688
69$1,030,411$333,800$201,899$738,998
70$1,061,950$276,593$135,100$726,402
71$1,094,388$214,266$63,746$711,765
72$1,127,746$146,495$0$694,943
73$1,162,040$72,937$0$677,374
74$1,197,289$0$0$666,122
75$1,233,510$0$0$655,634
76$1,270,720$0$0$675,361
77$1,308,934$0$0$695,616
78$1,348,166$0$0$716,404
79$1,388,431$0$0$737,733
80$1,429,739$0$0$759,608
81$1,472,101$0$0$782,032
82$1,515,525$0$0$805,009
83$1,560,016$0$0$828,542
84$1,605,577$0$0$852,629
85$1,652,207$0$0$877,270
86$1,699,905$0$0$902,460
87$1,748,661$0$0$928,196
88$1,798,465$0$0$954,467
89$1,849,299$0$0$981,263
90$1,901,141$0$0$1,008,570
91$1,953,962$0$0$1,036,369
92$2,007,726$0$0$1,064,639
93$2,062,390$0$0$1,093,353
94$2,117,901$0$0$1,122,480
95$2,174,195$0$0$1,151,982
96$2,231,200$0$0$1,181,816
97$2,288,830$0$0$1,211,932
98$2,346,985$0$0$1,242,272
99$2,405,549$0$0$1,272,767
100$2,464,390$0$0$1,303,342