Can I retire at age 58 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$55,823$55,326$54,841$54,368$53,905$53,188
2 years$27,635$27,121$26,622$26,138$25,669$24,947
3 years$18,241$17,724$17,226$16,747$16,286$15,582
4 years$13,544$13,029$12,536$12,065$11,615$10,935
5 years$10,727$10,215$9,729$9,267$8,830$8,175
6 years$8,849$8,341$7,862$7,411$6,987$6,358
7 years$7,509$7,005$6,533$6,093$5,682$5,080
8 years$6,504$6,004$5,541$5,111$4,714$4,139
9 years$5,723$5,228$4,772$4,354$3,970$3,421
10 years$5,098$4,608$4,161$3,753$3,382$2,860
11 years$4,587$4,102$3,663$3,266$2,909$2,412
12 years$4,162$3,682$3,251$2,865$2,521$2,048
13 years$3,803$3,328$2,904$2,529$2,198$1,750
14 years$3,495$3,025$2,610$2,245$1,927$1,502
15 years$3,228$2,763$2,356$2,002$1,697$1,295
16 years$2,995$2,535$2,136$1,793$1,499$1,120
17 years$2,789$2,335$1,944$1,611$1,330$971
18 years$2,607$2,157$1,774$1,452$1,182$844
19 years$2,444$1,999$1,624$1,312$1,054$735
20 years$2,298$1,858$1,491$1,188$941$642
21 years$2,165$1,731$1,371$1,078$842$561
22 years$2,045$1,615$1,264$980$755$491
23 years$1,935$1,511$1,167$893$678$430
24 years$1,835$1,416$1,079$814$609$377
25 years$1,743$1,328$1,000$744$548$331
26 years$1,658$1,249$927$680$494$291
27 years$1,579$1,175$861$622$445$256
28 years$1,507$1,107$800$570$402$225
29 years$1,439$1,045$745$523$363$198
30 years$1,376$986$694$480$328$174
31 years$1,317$933$647$441$296$154
32 years$1,262$882$603$405$268$135
33 years$1,211$836$563$373$243$119
34 years$1,162$792$526$343$220$105
35 years$1,117$751$492$316$199$93
36 years$1,074$713$460$291$180$82
37 years$1,033$677$431$268$163$72
38 years$995$644$404$247$148$64
39 years$959$612$378$228$134$56
40 years$924$582$354$210$122$50
41 years$892$554$332$194$110$44
42 years$861$528$312$179$100$39
43 years$831$503$292$165$91$34
44 years$803$479$275$152$83$30
45 years$776$457$258$141$75$27
46 years$751$436$242$130$68$23
47 years$727$416$227$120$62$21
48 years$703$397$214$111$56$18
49 years$681$379$201$103$51$16
50 years$660$362$189$95$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $676,000, adding $4,430 every year, while hoping to spend $23,451 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: 57/23/20 Blend
57$676,000$676,000$676,000$676,000
58$749,522$713,694$703,216$788,004
59$801,021$723,713$701,822$824,729
60$856,988$733,437$699,595$861,830
61$917,852$742,827$696,483$901,745
62$984,088$751,841$692,430$944,751
63$1,056,218$760,434$687,380$991,154
64$1,134,815$768,558$681,270$1,041,289
65$1,220,511$776,163$674,037$1,095,528
66$1,314,002$783,193$665,616$1,154,280
67$1,416,052$789,591$655,936$1,217,999
68$1,527,503$795,296$644,924$1,287,183
69$1,649,284$800,241$632,505$1,362,384
70$1,782,415$804,356$618,597$1,444,208
71$1,928,019$807,568$603,119$1,533,328
72$2,087,335$809,796$585,981$1,630,483
73$2,261,725$810,958$567,093$1,736,489
74$2,452,689$810,963$546,359$1,852,249
75$2,661,880$809,717$523,678$1,978,757
76$2,891,117$807,119$498,947$2,117,110
77$3,142,405$803,061$472,056$2,268,518
78$3,417,951$797,432$442,890$2,434,317
79$3,720,186$790,110$411,331$2,615,981
80$4,051,787$780,967$377,252$2,815,134
81$4,415,704$769,869$340,525$3,033,570
82$4,815,185$756,672$301,012$3,273,267
83$5,253,810$741,225$258,571$3,536,408
84$5,735,519$723,366$213,054$3,825,397
85$6,264,657$702,925$164,306$4,142,892
86$6,846,006$679,722$112,164$4,491,818
87$7,484,836$653,567$56,460$4,875,407
88$8,186,955$624,257$0$5,297,220
89$8,958,757$591,579$0$5,761,822
90$9,807,290$555,306$0$6,285,808
91$10,740,319$515,200$0$6,861,935
92$11,766,395$471,009$0$7,495,516
93$12,894,944$422,466$0$8,192,405
94$14,136,349$369,287$0$8,959,056
95$15,502,050$311,176$0$9,802,583
96$17,004,652$247,816$0$10,730,828
97$18,658,044$178,876$0$11,752,432
98$20,477,527$104,004$0$12,876,925
99$22,479,963$22,828$0$14,114,805
100$24,683,930$0$0$15,477,649