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%18.5%
1 years$54,998$54,508$54,030$53,563$53,108$51,285
2 years$27,227$26,719$26,228$25,752$25,289$23,471
3 years$17,971$17,461$16,971$16,499$16,045$14,289
4 years$13,344$12,836$12,351$11,887$11,443$9,763
5 years$10,568$10,064$9,585$9,130$8,699$7,098
6 years$8,719$8,218$7,746$7,302$6,883$5,364
7 years$7,398$6,901$6,437$6,003$5,598$4,159
8 years$6,408$5,916$5,459$5,036$4,644$3,285
9 years$5,638$5,151$4,702$4,289$3,911$2,630
10 years$5,023$4,540$4,099$3,697$3,332$2,127
11 years$4,520$4,042$3,609$3,218$2,866$1,735
12 years$4,101$3,628$3,203$2,823$2,483$1,423
13 years$3,746$3,278$2,861$2,492$2,166$1,173
14 years$3,443$2,980$2,571$2,212$1,898$971
15 years$3,180$2,722$2,321$1,973$1,672$807
16 years$2,951$2,498$2,105$1,766$1,477$672
17 years$2,748$2,300$1,915$1,587$1,310$561
18 years$2,569$2,125$1,748$1,430$1,165$469
19 years$2,408$1,970$1,600$1,292$1,038$393
20 years$2,264$1,830$1,469$1,170$927$329
21 years$2,133$1,705$1,351$1,062$830$276
22 years$2,015$1,592$1,245$966$744$232
23 years$1,907$1,489$1,150$880$668$195
24 years$1,808$1,395$1,063$802$600$164
25 years$1,717$1,309$985$733$540$138
26 years$1,633$1,230$913$670$486$116
27 years$1,556$1,158$848$613$439$98
28 years$1,484$1,091$788$562$396$83
29 years$1,418$1,029$734$515$357$70
30 years$1,356$972$683$473$323$59
31 years$1,298$919$637$434$292$49
32 years$1,244$869$594$399$264$42
33 years$1,193$823$555$367$239$35
34 years$1,145$780$519$338$216$30
35 years$1,100$740$485$311$196$25
36 years$1,058$702$454$286$178$21
37 years$1,018$667$425$264$161$18
38 years$980$634$398$243$146$15
39 years$944$603$372$224$132$13
40 years$911$574$349$207$120$11
41 years$878$546$327$191$109$9
42 years$848$520$307$176$99$8
43 years$819$495$288$163$90$6
44 years$791$472$270$150$81$5
45 years$765$450$254$139$74$5
46 years$740$430$239$128$67$4
47 years$716$410$224$118$61$3
48 years$693$391$211$109$55$3
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 $5,620 every year, while hoping to spend $32,865 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: 51/30/19 Blend
57$666,000$666,000$666,000$666,000
58$739,729$704,431$694,108$773,302
59$780,213$703,980$682,393$796,592
60$823,725$702,405$669,183$818,037
61$870,540$699,618$654,395$840,650
62$920,957$695,521$637,939$864,550
63$975,308$690,015$619,724$889,875
64$1,033,956$682,992$599,651$916,776
65$1,097,299$674,339$577,619$945,421
66$1,165,777$663,935$553,523$975,998
67$1,239,871$651,652$527,250$1,008,716
68$1,320,111$637,356$498,686$1,043,808
69$1,407,079$620,903$467,709$1,081,532
70$1,501,416$602,143$434,192$1,122,175
71$1,603,826$580,913$398,003$1,166,058
72$1,715,084$557,045$359,004$1,213,534
73$1,836,041$530,359$317,050$1,264,999
74$1,967,636$500,666$271,989$1,320,889
75$2,110,899$467,763$223,665$1,381,690
76$2,266,966$431,439$171,914$1,447,942
77$2,437,086$391,468$116,562$1,520,241
78$2,622,633$347,614$57,431$1,599,251
79$2,825,120$299,626$0$1,685,706
80$3,046,213$247,238$0$1,781,570
81$3,287,744$190,170$0$1,899,096
82$3,551,733$128,127$0$2,027,669
83$3,840,400$60,796$0$2,168,439
84$4,156,192$0$0$2,322,678
85$4,501,804$0$0$2,495,801
86$4,880,201$0$0$2,707,388
87$5,294,650$0$0$2,939,201
88$5,748,747$0$0$3,193,264
89$6,246,455$0$0$3,471,800
90$6,792,136$0$0$3,777,260
91$7,390,596$0$0$4,112,345
92$8,047,127$0$0$4,480,027
93$8,767,559$0$0$4,883,581
94$9,558,313$0$0$5,326,616
95$10,426,463$0$0$5,813,105
96$11,379,800$0$0$6,347,426
97$12,426,906$0$0$6,934,401
98$13,577,239$0$0$7,579,343
99$14,841,213$0$0$8,288,105
100$16,230,304$0$0$9,067,134