Can I retire at age 58 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$54,998$54,508$54,030$53,563$53,108$51,162
2 years$27,227$26,719$26,228$25,752$25,289$23,351
3 years$17,971$17,461$16,971$16,499$16,045$14,174
4 years$13,344$12,836$12,351$11,887$11,443$9,655
5 years$10,568$10,064$9,585$9,130$8,699$6,998
6 years$8,719$8,218$7,746$7,302$6,883$5,270
7 years$7,398$6,901$6,437$6,003$5,598$4,073
8 years$6,408$5,916$5,459$5,036$4,644$3,206
9 years$5,638$5,151$4,702$4,289$3,911$2,557
10 years$5,023$4,540$4,099$3,697$3,332$2,060
11 years$4,520$4,042$3,609$3,218$2,866$1,673
12 years$4,101$3,628$3,203$2,823$2,483$1,367
13 years$3,746$3,278$2,861$2,492$2,166$1,123
14 years$3,443$2,980$2,571$2,212$1,898$926
15 years$3,180$2,722$2,321$1,973$1,672$766
16 years$2,951$2,498$2,105$1,766$1,477$635
17 years$2,748$2,300$1,915$1,587$1,310$528
18 years$2,569$2,125$1,748$1,430$1,165$439
19 years$2,408$1,970$1,600$1,292$1,038$366
20 years$2,264$1,830$1,469$1,170$927$306
21 years$2,133$1,705$1,351$1,062$830$255
22 years$2,015$1,592$1,245$966$744$213
23 years$1,907$1,489$1,150$880$668$179
24 years$1,808$1,395$1,063$802$600$150
25 years$1,717$1,309$985$733$540$125
26 years$1,633$1,230$913$670$486$105
27 years$1,556$1,158$848$613$439$88
28 years$1,484$1,091$788$562$396$74
29 years$1,418$1,029$734$515$357$62
30 years$1,356$972$683$473$323$52
31 years$1,298$919$637$434$292$44
32 years$1,244$869$594$399$264$37
33 years$1,193$823$555$367$239$31
34 years$1,145$780$519$338$216$26
35 years$1,100$740$485$311$196$22
36 years$1,058$702$454$286$178$18
37 years$1,018$667$425$264$161$15
38 years$980$634$398$243$146$13
39 years$944$603$372$224$132$11
40 years$911$574$349$207$120$9
41 years$878$546$327$191$109$8
42 years$848$520$307$176$99$6
43 years$819$495$288$163$90$5
44 years$791$472$270$150$81$4
45 years$765$450$254$139$74$4
46 years$740$430$239$128$67$3
47 years$716$410$224$118$61$3
48 years$693$391$211$109$55$2
49 years$671$374$198$101$50$2
50 years$650$357$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $666,000, adding $5,581 every year, while hoping to spend $39,524 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: 76/19/5 Blend
57$666,000$666,000$666,000$666,000
58$739,689$704,391$694,068$795,253
59$773,084$696,853$675,266$824,979
60$808,560$687,621$654,509$851,896
61$846,289$676,570$631,691$880,234
62$886,457$663,568$606,699$910,117
63$929,268$648,475$579,416$941,683
64$974,946$631,143$549,719$975,083
65$1,023,737$611,415$517,480$1,010,485
66$1,075,908$589,125$482,566$1,048,074
67$1,131,755$564,096$444,837$1,088,054
68$1,191,601$536,144$404,145$1,130,653
69$1,255,800$505,070$360,340$1,176,119
70$1,324,740$470,668$313,260$1,224,728
71$1,398,850$432,716$262,741$1,276,786
72$1,478,596$390,983$208,606$1,332,631
73$1,564,495$345,223$150,676$1,392,634
74$1,657,110$295,176$88,760$1,457,207
75$1,757,062$240,566$22,661$1,526,806
76$1,865,034$181,105$0$1,601,934
77$1,981,774$116,487$0$1,685,699
78$2,108,107$46,387$0$1,777,619
79$2,244,938$0$0$1,877,174
80$2,393,263$0$0$1,991,300
81$2,554,176$0$0$2,125,655
82$2,728,881$0$0$2,271,549
83$2,918,703$0$0$2,430,089
84$3,125,098$0$0$2,602,496
85$3,349,670$0$0$2,790,112
86$3,594,180$0$0$2,994,412
87$3,860,570$0$0$3,217,022
88$4,150,976$0$0$3,459,729
89$4,467,746$0$0$3,724,501
90$4,813,468$0$0$4,013,505
91$5,190,989$0$0$4,329,123
92$5,603,443$0$0$4,673,981
93$6,054,282$0$0$5,050,969
94$6,547,303$0$0$5,463,266
95$7,086,691$0$0$5,914,377
96$7,677,050$0$0$6,408,157
97$8,323,453$0$0$6,948,854
98$9,031,484$0$0$7,541,145
99$9,807,293$0$0$8,190,180
100$10,657,656$0$0$8,901,631