Can I retire at age 58 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$55,741$55,244$54,760$54,287$53,825$52,631
2 years$27,594$27,081$26,582$26,100$25,631$24,434
3 years$18,214$17,697$17,201$16,722$16,261$15,099
4 years$13,524$13,009$12,518$12,047$11,598$10,479
5 years$10,711$10,200$9,714$9,254$8,816$7,744
6 years$8,836$8,329$7,851$7,400$6,976$5,952
7 years$7,498$6,994$6,524$6,084$5,673$4,697
8 years$6,494$5,996$5,533$5,104$4,707$3,778
9 years$5,714$5,220$4,765$4,347$3,964$3,082
10 years$5,091$4,601$4,155$3,747$3,377$2,542
11 years$4,581$4,096$3,658$3,261$2,905$2,114
12 years$4,156$3,677$3,246$2,861$2,517$1,771
13 years$3,797$3,323$2,900$2,526$2,195$1,491
14 years$3,489$3,020$2,606$2,242$1,924$1,261
15 years$3,223$2,759$2,353$1,999$1,694$1,070
16 years$2,991$2,531$2,133$1,790$1,497$911
17 years$2,785$2,331$1,941$1,608$1,328$778
18 years$2,603$2,154$1,772$1,450$1,180$666
19 years$2,440$1,996$1,622$1,310$1,052$571
20 years$2,294$1,855$1,489$1,186$940$490
21 years$2,162$1,728$1,369$1,077$841$421
22 years$2,042$1,613$1,262$979$754$362
23 years$1,932$1,509$1,165$892$677$312
24 years$1,832$1,414$1,078$813$608$269
25 years$1,740$1,327$998$743$547$232
26 years$1,655$1,247$926$679$493$200
27 years$1,577$1,173$860$621$444$173
28 years$1,504$1,106$799$569$401$150
29 years$1,437$1,043$744$522$362$129
30 years$1,374$985$693$479$327$112
31 years$1,315$931$646$440$296$97
32 years$1,260$881$602$404$268$84
33 years$1,209$834$563$372$242$72
34 years$1,160$791$526$342$219$63
35 years$1,115$750$491$315$199$54
36 years$1,072$712$460$290$180$47
37 years$1,032$676$430$267$163$41
38 years$993$643$403$246$148$35
39 years$957$611$378$227$134$31
40 years$923$581$354$210$122$26
41 years$890$553$332$193$110$23
42 years$859$527$311$178$100$20
43 years$830$502$292$165$91$17
44 years$802$479$274$152$82$15
45 years$775$456$257$140$75$13
46 years$750$435$242$130$68$11
47 years$726$416$227$120$62$10
48 years$702$397$213$111$56$8
49 years$680$379$201$102$51$7
50 years$659$362$189$95$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $675,000, adding $6,616 every year, while hoping to spend $47,321 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: 65/28/7 Blend
57$675,000$675,000$675,000$675,000
58$750,674$714,899$704,437$798,089
59$776,894$699,580$677,686$815,144
60$804,202$681,925$648,454$827,535
61$832,660$661,768$616,606$839,829
62$862,332$638,936$582,003$852,013
63$893,291$613,244$544,501$864,073
64$925,612$584,499$503,947$875,995
65$959,377$552,492$460,183$887,767
66$994,677$517,007$413,042$899,376
67$1,031,606$477,813$362,351$910,812
68$1,070,269$434,665$307,929$922,063
69$1,110,780$387,307$249,588$933,123
70$1,153,260$335,465$187,130$943,984
71$1,197,842$278,853$120,348$954,642
72$1,244,670$217,165$49,028$965,096
73$1,293,901$150,081$0$975,348
74$1,345,706$77,261$0$987,425
75$1,400,269$0$0$1,003,356
76$1,457,792$0$0$1,020,016
77$1,518,496$0$0$1,062,735
78$1,582,620$0$0$1,107,881
79$1,650,425$0$0$1,155,639
80$1,722,197$0$0$1,206,213
81$1,798,249$0$0$1,259,825
82$1,878,919$0$0$1,316,719
83$1,964,582$0$0$1,377,161
84$2,055,643$0$0$1,441,441
85$2,152,549$0$0$1,509,878
86$2,255,787$0$0$1,582,820
87$2,365,891$0$0$1,660,648
88$2,483,446$0$0$1,743,780
89$2,609,094$0$0$1,832,676
90$2,743,536$0$0$1,927,835
91$2,887,543$0$0$2,029,811
92$3,041,959$0$0$2,139,206
93$3,207,713$0$0$2,256,683
94$3,385,821$0$0$2,382,970
95$3,577,400$0$0$2,518,866
96$3,783,676$0$0$2,665,247
97$4,005,996$0$0$2,823,078
98$4,245,839$0$0$2,993,415
99$4,504,830$0$0$3,177,422
100$4,784,753$0$0$3,376,375