Can I retire at age 58 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$55,163$54,671$54,192$53,724$53,267$51,377
2 years$27,308$26,800$26,307$25,829$25,365$23,481
3 years$18,025$17,514$17,022$16,549$16,093$14,274
4 years$13,384$12,875$12,388$11,923$11,478$9,738
5 years$10,600$10,094$9,613$9,158$8,725$7,069
6 years$8,745$8,242$7,769$7,323$6,904$5,333
7 years$7,420$6,922$6,456$6,021$5,615$4,128
8 years$6,427$5,933$5,475$5,051$4,658$3,255
9 years$5,655$5,166$4,716$4,302$3,923$2,601
10 years$5,038$4,554$4,111$3,709$3,342$2,100
11 years$4,533$4,054$3,620$3,228$2,874$1,709
12 years$4,113$3,639$3,212$2,831$2,491$1,399
13 years$3,758$3,288$2,870$2,499$2,172$1,151
14 years$3,453$2,989$2,579$2,219$1,904$951
15 years$3,190$2,730$2,328$1,979$1,677$788
16 years$2,959$2,505$2,111$1,772$1,482$655
17 years$2,756$2,307$1,921$1,592$1,314$546
18 years$2,576$2,132$1,753$1,435$1,168$455
19 years$2,415$1,976$1,605$1,296$1,041$380
20 years$2,270$1,836$1,473$1,174$930$318
21 years$2,139$1,710$1,355$1,065$832$266
22 years$2,021$1,596$1,249$969$746$223
23 years$1,912$1,493$1,153$882$670$187
24 years$1,813$1,399$1,066$805$602$157
25 years$1,722$1,313$988$735$542$132
26 years$1,638$1,234$916$672$488$111
27 years$1,561$1,161$851$615$440$93
28 years$1,489$1,094$791$564$397$78
29 years$1,422$1,032$736$517$358$66
30 years$1,360$975$685$474$324$55
31 years$1,302$922$639$436$293$47
32 years$1,247$872$596$400$265$39
33 years$1,196$826$557$368$240$33
34 years$1,148$783$520$339$217$28
35 years$1,103$742$486$312$197$23
36 years$1,061$705$455$287$178$20
37 years$1,021$669$426$265$161$16
38 years$983$636$399$244$146$14
39 years$947$605$374$225$133$12
40 years$913$575$350$207$120$10
41 years$881$548$328$191$109$8
42 years$850$522$308$177$99$7
43 years$821$497$289$163$90$6
44 years$794$474$271$151$82$5
45 years$767$452$255$139$74$4
46 years$742$431$239$128$67$3
47 years$718$411$225$119$61$3
48 years$695$393$211$110$55$2
49 years$673$375$199$101$50$2
50 years$652$358$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $668,000, adding $3,365 every year, while hoping to spend $53,154 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: 82/9/9 Blend
57$668,000$668,000$668,000$668,000
58$739,607$704,203$693,849$799,045
59$758,491$682,154$660,537$816,395
60$777,521$657,242$624,329$828,033
61$796,653$629,272$585,069$839,197
62$815,842$598,037$542,599$849,810
63$835,032$563,315$496,751$859,787
64$854,164$524,876$447,350$869,034
65$873,166$482,472$394,213$877,449
66$891,961$435,845$337,151$884,919
67$910,459$384,720$275,964$891,318
68$928,561$328,806$210,444$896,510
69$946,154$267,798$140,374$900,345
70$963,113$201,371$65,527$902,658
71$979,295$129,183$0$903,266
72$994,543$50,873$0$903,347
73$1,008,681$0$0$908,110
74$1,021,510$0$0$914,400
75$1,032,812$0$0$924,339
76$1,042,339$0$0$932,667
77$1,049,821$0$0$939,136
78$1,054,952$0$0$943,473
79$1,057,395$0$0$945,371
80$1,056,775$0$0$944,491
81$1,052,674$0$0$940,456
82$1,044,631$0$0$932,848
83$1,032,131$0$0$921,203
84$1,014,607$0$0$905,006
85$991,426$0$0$883,686
86$961,891$0$0$856,613
87$925,228$0$0$823,086
88$880,580$0$0$782,331
89$826,998$0$0$733,491
90$763,434$0$0$675,616
91$688,727$0$0$607,659
92$601,594$0$0$528,459
93$500,616$0$0$436,733
94$384,224$0$0$331,064
95$250,685$0$0$209,885
96$98,084$0$0$71,464
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0