Can I retire at age 58 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$55,080$54,590$54,111$53,644$53,188$52,414
2 years$27,267$26,760$26,267$25,790$25,327$24,550
3 years$17,998$17,488$16,997$16,524$16,069$15,311
4 years$13,364$12,855$12,369$11,905$11,460$10,729
5 years$10,584$10,079$9,599$9,144$8,712$8,008
6 years$8,732$8,230$7,757$7,312$6,893$6,219
7 years$7,409$6,912$6,447$6,012$5,606$4,961
8 years$6,417$5,924$5,467$5,043$4,651$4,034
9 years$5,647$5,158$4,709$4,296$3,917$3,329
10 years$5,030$4,547$4,105$3,703$3,337$2,777
11 years$4,526$4,048$3,614$3,223$2,870$2,338
12 years$4,107$3,633$3,208$2,827$2,487$1,982
13 years$3,752$3,283$2,866$2,496$2,169$1,690
14 years$3,448$2,984$2,575$2,215$1,901$1,448
15 years$3,185$2,726$2,325$1,976$1,674$1,245
16 years$2,955$2,501$2,108$1,769$1,479$1,075
17 years$2,752$2,304$1,918$1,589$1,312$930
18 years$2,572$2,129$1,751$1,432$1,166$807
19 years$2,412$1,973$1,603$1,294$1,040$701
20 years$2,267$1,833$1,471$1,172$929$611
21 years$2,136$1,708$1,353$1,064$831$533
22 years$2,018$1,594$1,247$967$745$465
23 years$1,910$1,491$1,151$881$669$407
24 years$1,811$1,397$1,065$803$601$356
25 years$1,720$1,311$986$734$541$312
26 years$1,636$1,232$915$671$487$273
27 years$1,558$1,159$849$614$439$240
28 years$1,487$1,093$790$563$396$210
29 years$1,420$1,031$735$516$358$185
30 years$1,358$973$684$474$323$162
31 years$1,300$920$638$435$292$142
32 years$1,245$871$595$400$264$125
33 years$1,194$824$556$368$239$110
34 years$1,147$781$519$338$217$97
35 years$1,102$741$486$311$196$85
36 years$1,059$703$454$287$178$75
37 years$1,019$668$425$264$161$66
38 years$982$635$398$243$146$58
39 years$946$604$373$225$132$51
40 years$912$574$350$207$120$45
41 years$880$547$328$191$109$40
42 years$849$521$308$176$99$35
43 years$820$496$289$163$90$31
44 years$792$473$271$150$81$27
45 years$766$451$254$139$74$24
46 years$741$430$239$128$67$21
47 years$717$411$224$118$61$18
48 years$694$392$211$109$55$16
49 years$672$374$198$101$50$14
50 years$651$358$186$93$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $667,000, adding $6,125 every year, while hoping to spend $53,806 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: 53/41/6 Blend
57$667,000$667,000$667,000$667,000
58$741,352$706,001$695,662$779,295
59$759,721$683,346$661,718$783,016
60$778,160$657,777$624,833$780,639
61$796,619$629,096$584,852$776,747
62$815,043$597,090$541,613$771,207
63$833,367$561,537$494,947$763,875
64$851,518$522,200$444,675$754,596
65$869,415$478,830$390,614$743,204
66$886,965$431,162$332,569$729,519
67$904,065$378,918$270,340$713,349
68$920,597$321,803$203,714$694,485
69$936,432$259,506$132,473$672,704
70$951,424$191,697$56,386$647,765
71$965,407$118,028$0$619,407
72$978,201$38,134$0$588,941
73$989,600$0$0$558,431
74$999,379$0$0$545,780
75$1,007,283$0$0$549,202
76$1,013,032$0$0$551,328
77$1,016,312$0$0$551,972
78$1,016,774$0$0$550,932
79$1,014,033$0$0$547,979
80$1,007,659$0$0$542,861
81$997,177$0$0$535,300
82$982,057$0$0$524,985
83$961,714$0$0$511,573
84$935,501$0$0$494,684
85$902,698$0$0$473,896
86$862,510$0$0$448,744
87$814,057$0$0$418,712
88$756,364$0$0$383,228
89$688,353$0$0$341,662
90$608,833$0$0$293,315
91$516,485$0$0$237,417
92$409,853$0$0$173,114
93$287,326$0$0$99,463
94$147,124$0$0$15,424
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0