Can I retire at age 58 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$56,071$55,572$55,084$54,609$54,144$52,474
2 years$27,758$27,241$26,740$26,254$25,783$24,115
3 years$18,322$17,802$17,303$16,821$16,358$14,744
4 years$13,604$13,087$12,592$12,119$11,667$10,120
5 years$10,775$10,260$9,772$9,308$8,869$7,393
6 years$8,889$8,378$7,897$7,444$7,018$5,614
7 years$7,542$7,036$6,562$6,120$5,707$4,376
8 years$6,533$6,031$5,566$5,134$4,735$3,474
9 years$5,748$5,251$4,794$4,373$3,987$2,797
10 years$5,121$4,629$4,179$3,770$3,397$2,275
11 years$4,608$4,121$3,679$3,281$2,922$1,866
12 years$4,181$3,698$3,265$2,878$2,532$1,540
13 years$3,819$3,342$2,917$2,541$2,208$1,278
14 years$3,510$3,038$2,621$2,255$1,935$1,064
15 years$3,242$2,775$2,367$2,011$1,704$890
16 years$3,008$2,546$2,146$1,801$1,506$746
17 years$2,802$2,345$1,952$1,618$1,335$627
18 years$2,619$2,167$1,782$1,458$1,187$528
19 years$2,455$2,008$1,632$1,318$1,058$445
20 years$2,308$1,866$1,497$1,193$945$376
21 years$2,175$1,738$1,377$1,083$846$317
22 years$2,054$1,623$1,269$985$758$268
23 years$1,944$1,518$1,172$897$681$227
24 years$1,843$1,422$1,084$818$612$193
25 years$1,751$1,334$1,004$747$551$163
26 years$1,665$1,254$931$683$496$138
27 years$1,586$1,180$865$625$447$117
28 years$1,513$1,112$804$573$403$100
29 years$1,445$1,049$748$525$364$85
30 years$1,382$991$697$482$329$72
31 years$1,323$937$650$443$298$61
32 years$1,268$886$606$407$269$52
33 years$1,216$839$566$374$244$44
34 years$1,167$795$529$344$221$37
35 years$1,122$755$494$317$200$32
36 years$1,078$716$462$292$181$27
37 years$1,038$680$433$269$164$23
38 years$999$646$405$248$149$20
39 years$963$615$380$229$135$17
40 years$928$585$356$211$122$14
41 years$896$557$334$194$111$12
42 years$864$530$313$179$101$10
43 years$835$505$294$166$91$9
44 years$807$482$276$153$83$7
45 years$780$459$259$141$75$6
46 years$754$438$243$131$68$5
47 years$730$418$228$121$62$5
48 years$707$399$215$111$56$4
49 years$684$381$202$103$51$3
50 years$663$364$190$95$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $679,000, adding $2,766 every year, while hoping to spend $35,822 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: 44/30/26 Blend
57$679,000$679,000$679,000$679,000
58$751,111$715,124$704,600$778,386
59$789,610$712,051$690,089$794,985
60$830,835$707,626$673,892$809,312
61$875,027$701,747$655,914$824,143
62$922,449$694,302$636,057$839,545
63$973,391$685,174$614,216$855,595
64$1,028,169$674,240$590,285$872,377
65$1,087,133$661,368$564,150$889,989
66$1,150,664$646,419$535,693$908,542
67$1,219,185$629,246$504,791$928,160
68$1,293,155$609,693$471,316$948,984
69$1,373,084$587,595$435,131$971,170
70$1,459,528$562,776$396,098$994,898
71$1,553,100$535,053$354,068$1,020,366
72$1,654,475$504,230$308,888$1,047,800
73$1,764,394$470,099$260,398$1,077,449
74$1,883,671$432,443$208,430$1,109,596
75$2,013,202$391,029$152,809$1,144,555
76$2,153,973$345,614$93,353$1,182,678
77$2,307,070$295,940$29,871$1,224,360
78$2,473,683$241,734$0$1,270,038
79$2,655,127$182,707$0$1,330,712
80$2,852,846$118,556$0$1,405,946
81$3,068,429$48,958$0$1,488,114
82$3,303,627$0$0$1,577,957
83$3,560,364$0$0$1,685,020
84$3,840,762$0$0$1,819,677
85$4,147,153$0$0$1,966,897
86$4,482,107$0$0$2,127,925
87$4,848,452$0$0$2,304,129
88$5,249,304$0$0$2,497,020
89$5,688,091$0$0$2,708,259
90$6,168,590$0$0$2,939,676
91$6,694,960$0$0$3,193,284
92$7,271,781$0$0$3,471,305
93$7,904,096$0$0$3,776,181
94$8,597,461$0$0$4,110,604
95$9,357,995$0$0$4,477,541
96$10,192,436$0$0$4,880,256
97$11,108,208$0$0$5,322,347
98$12,113,487$0$0$5,807,777
99$13,217,280$0$0$6,340,911
100$14,429,509$0$0$6,926,558