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%19.9%
1 years$55,823$55,326$54,841$54,368$53,905$51,766
2 years$27,635$27,121$26,622$26,138$25,669$23,541
3 years$18,241$17,724$17,226$16,747$16,286$14,235
4 years$13,544$13,029$12,536$12,065$11,615$9,657
5 years$10,727$10,215$9,729$9,267$8,830$6,970
6 years$8,849$8,341$7,862$7,411$6,987$5,226
7 years$7,509$7,005$6,533$6,093$5,682$4,020
8 years$6,504$6,004$5,541$5,111$4,714$3,149
9 years$5,723$5,228$4,772$4,354$3,970$2,500
10 years$5,098$4,608$4,161$3,753$3,382$2,004
11 years$4,587$4,102$3,663$3,266$2,909$1,619
12 years$4,162$3,682$3,251$2,865$2,521$1,316
13 years$3,803$3,328$2,904$2,529$2,198$1,075
14 years$3,495$3,025$2,610$2,245$1,927$881
15 years$3,228$2,763$2,356$2,002$1,697$725
16 years$2,995$2,535$2,136$1,793$1,499$597
17 years$2,789$2,335$1,944$1,611$1,330$494
18 years$2,607$2,157$1,774$1,452$1,182$408
19 years$2,444$1,999$1,624$1,312$1,054$338
20 years$2,298$1,858$1,491$1,188$941$281
21 years$2,165$1,731$1,371$1,078$842$233
22 years$2,045$1,615$1,264$980$755$194
23 years$1,935$1,511$1,167$893$678$161
24 years$1,835$1,416$1,079$814$609$134
25 years$1,743$1,328$1,000$744$548$111
26 years$1,658$1,249$927$680$494$93
27 years$1,579$1,175$861$622$445$77
28 years$1,507$1,107$800$570$402$64
29 years$1,439$1,045$745$523$363$54
30 years$1,376$986$694$480$328$45
31 years$1,317$933$647$441$296$37
32 years$1,262$882$603$405$268$31
33 years$1,211$836$563$373$243$26
34 years$1,162$792$526$343$220$22
35 years$1,117$751$492$316$199$18
36 years$1,074$713$460$291$180$15
37 years$1,033$677$431$268$163$13
38 years$995$644$404$247$148$10
39 years$959$612$378$228$134$9
40 years$924$582$354$210$122$7
41 years$892$554$332$194$110$6
42 years$861$528$312$179$100$5
43 years$831$503$292$165$91$4
44 years$803$479$275$152$83$4
45 years$776$457$258$141$75$3
46 years$751$436$242$130$68$2
47 years$727$416$227$120$62$2
48 years$703$397$214$111$56$2
49 years$681$379$201$103$51$1
50 years$660$362$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $676,000, adding $2,777 every year, while hoping to spend $28,796 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: 48/33/19 Blend
57$676,000$676,000$676,000$676,000
58$747,816$711,988$701,510$779,581
59$793,455$716,237$694,372$806,187
60$842,784$719,729$686,030$831,919
61$896,148$722,396$676,413$859,253
62$953,929$724,168$665,446$888,350
63$1,016,544$724,966$653,053$919,389
64$1,084,454$724,712$639,152$952,571
65$1,158,163$723,317$623,659$988,116
66$1,238,228$720,692$606,484$1,026,269
67$1,325,261$716,740$587,534$1,067,302
68$1,419,934$711,356$566,713$1,111,517
69$1,522,987$704,433$543,919$1,159,247
70$1,635,237$695,855$519,044$1,210,862
71$1,757,578$685,499$491,979$1,266,773
72$1,890,997$673,235$462,607$1,327,434
73$2,036,581$658,926$430,807$1,393,347
74$2,195,525$642,425$396,452$1,465,071
75$2,369,144$623,580$359,408$1,543,220
76$2,558,887$602,226$319,539$1,628,479
77$2,766,349$578,190$276,699$1,721,602
78$2,993,285$551,290$230,737$1,823,426
79$3,241,629$521,332$181,495$1,934,874
80$3,513,510$488,111$128,809$2,056,971
81$3,811,271$451,412$72,508$2,190,847
82$4,137,494$411,005$12,410$2,337,754
83$4,495,022$366,648$0$2,499,075
84$4,886,987$318,086$0$2,686,825
85$5,316,837$265,049$0$2,895,577
86$5,788,369$207,252$0$3,124,721
87$6,305,768$144,393$0$3,376,366
88$6,873,642$76,154$0$3,652,839
89$7,497,067$2,198$0$3,956,709
90$8,181,634$0$0$4,290,809
91$8,933,502$0$0$4,686,530
92$9,759,458$0$0$5,122,201
93$10,666,975$0$0$5,600,976
94$11,664,288$0$0$6,127,210
95$12,760,470$0$0$6,705,700
96$13,965,514$0$0$7,341,732
97$15,290,433$0$0$8,041,129
98$16,747,357$0$0$8,810,306
99$18,349,652$0$0$9,656,332
100$20,112,045$0$0$10,586,996