Can I retire at age 58 with 666,000?

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 $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%12%
1 years$54,998$54,508$54,030$53,563$53,108$52,663
2 years$27,227$26,719$26,228$25,752$25,289$24,841
3 years$17,971$17,461$16,971$16,499$16,045$15,607
4 years$13,344$12,836$12,351$11,887$11,443$11,019
5 years$10,568$10,064$9,585$9,130$8,699$8,290
6 years$8,719$8,218$7,746$7,302$6,883$6,489
7 years$7,398$6,901$6,437$6,003$5,598$5,220
8 years$6,408$5,916$5,459$5,036$4,644$4,282
9 years$5,638$5,151$4,702$4,289$3,911$3,564
10 years$5,023$4,540$4,099$3,697$3,332$3,001
11 years$4,520$4,042$3,609$3,218$2,866$2,550
12 years$4,101$3,628$3,203$2,823$2,483$2,182
13 years$3,746$3,278$2,861$2,492$2,166$1,879
14 years$3,443$2,980$2,571$2,212$1,898$1,626
15 years$3,180$2,722$2,321$1,973$1,672$1,413
16 years$2,951$2,498$2,105$1,766$1,477$1,232
17 years$2,748$2,300$1,915$1,587$1,310$1,077
18 years$2,569$2,125$1,748$1,430$1,165$945
19 years$2,408$1,970$1,600$1,292$1,038$830
20 years$2,264$1,830$1,469$1,170$927$731
21 years$2,133$1,705$1,351$1,062$830$645
22 years$2,015$1,592$1,245$966$744$569
23 years$1,907$1,489$1,150$880$668$503
24 years$1,808$1,395$1,063$802$600$446
25 years$1,717$1,309$985$733$540$395
26 years$1,633$1,230$913$670$486$350
27 years$1,556$1,158$848$613$439$311
28 years$1,484$1,091$788$562$396$276
29 years$1,418$1,029$734$515$357$245
30 years$1,356$972$683$473$323$218
31 years$1,298$919$637$434$292$194
32 years$1,244$869$594$399$264$173
33 years$1,193$823$555$367$239$154
34 years$1,145$780$519$338$216$137
35 years$1,100$740$485$311$196$122
36 years$1,058$702$454$286$178$109
37 years$1,018$667$425$264$161$97
38 years$980$634$398$243$146$86
39 years$944$603$372$224$132$77
40 years$911$574$349$207$120$69
41 years$878$546$327$191$109$61
42 years$848$520$307$176$99$55
43 years$819$495$288$163$90$49
44 years$791$472$270$150$81$43
45 years$765$450$254$139$74$39
46 years$740$430$239$128$67$35
47 years$716$410$224$118$61$31
48 years$693$391$211$109$55$28
49 years$671$374$198$101$50$25
50 years$650$357$186$93$46$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $666,000, adding $3,814 every year, while hoping to spend $49,633 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: 75/10/15 Blend
57$666,000$666,000$666,000$666,000
58$737,866$702,568$692,245$790,521
59$760,319$684,185$662,626$807,463
60$783,399$663,237$630,352$819,481
61$807,118$639,547$595,280$831,311
62$831,485$612,927$557,263$842,917
63$856,512$583,176$516,147$854,265
64$882,209$550,084$471,771$865,316
65$908,585$513,429$423,966$876,027
66$935,647$472,973$372,555$886,353
67$963,403$428,468$317,355$896,246
68$991,857$379,651$258,174$905,652
69$1,021,015$326,243$194,812$914,516
70$1,050,879$267,949$127,058$922,776
71$1,081,449$204,459$54,695$930,366
72$1,112,724$135,444$0$937,216
73$1,144,699$60,558$0$946,854
74$1,177,368$0$0$965,169
75$1,210,720$0$0$985,611
76$1,244,742$0$0$1,013,256
77$1,279,415$0$0$1,041,424
78$1,314,718$0$0$1,070,098
79$1,350,624$0$0$1,099,253
80$1,387,098$0$0$1,128,863
81$1,424,102$0$0$1,158,893
82$1,461,590$0$0$1,189,306
83$1,499,506$0$0$1,220,055
84$1,537,789$0$0$1,251,088
85$1,576,364$0$0$1,282,343
86$1,615,148$0$0$1,313,752
87$1,654,044$0$0$1,345,233
88$1,692,944$0$0$1,376,696
89$1,731,723$0$0$1,408,037
90$1,770,239$0$0$1,439,139
91$1,808,333$0$0$1,469,869
92$1,845,825$0$0$1,500,077
93$1,882,512$0$0$1,529,596
94$1,918,166$0$0$1,558,235
95$1,952,531$0$0$1,585,784
96$1,985,321$0$0$1,612,003
97$2,016,215$0$0$1,636,628
98$2,044,854$0$0$1,659,360
99$2,070,839$0$0$1,679,869
100$2,093,722$0$0$1,697,784