Can I retire at age 58 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$56,236$55,735$55,247$54,770$54,304$52,253
2 years$27,840$27,321$26,819$26,332$25,859$23,816
3 years$18,375$17,855$17,354$16,871$16,406$14,436
4 years$13,644$13,125$12,629$12,155$11,701$9,819
5 years$10,806$10,290$9,801$9,336$8,895$7,105
6 years$8,915$8,403$7,920$7,466$7,038$5,342
7 years$7,564$7,057$6,582$6,138$5,724$4,121
8 years$6,552$6,049$5,582$5,149$4,749$3,238
9 years$5,765$5,267$4,808$4,386$3,999$2,578
10 years$5,136$4,642$4,191$3,781$3,407$2,073
11 years$4,621$4,133$3,690$3,290$2,930$1,681
12 years$4,193$3,709$3,275$2,886$2,539$1,371
13 years$3,831$3,352$2,926$2,548$2,214$1,123
14 years$3,521$3,047$2,629$2,262$1,941$924
15 years$3,252$2,783$2,374$2,017$1,709$763
16 years$3,017$2,554$2,152$1,806$1,511$631
17 years$2,810$2,352$1,958$1,623$1,339$523
18 years$2,626$2,173$1,788$1,462$1,191$435
19 years$2,462$2,014$1,636$1,321$1,061$361
20 years$2,315$1,872$1,502$1,197$948$301
21 years$2,181$1,743$1,381$1,086$848$251
22 years$2,060$1,627$1,273$988$761$209
23 years$1,950$1,522$1,176$899$683$175
24 years$1,849$1,426$1,087$820$614$146
25 years$1,756$1,338$1,007$749$552$122
26 years$1,670$1,258$934$685$497$102
27 years$1,591$1,184$867$627$448$85
28 years$1,518$1,115$806$574$405$71
29 years$1,450$1,052$750$527$365$60
30 years$1,386$994$699$483$330$50
31 years$1,327$939$651$444$298$42
32 years$1,272$889$608$408$270$35
33 years$1,220$842$568$375$244$29
34 years$1,171$798$530$345$221$24
35 years$1,125$757$496$318$200$20
36 years$1,082$718$464$293$182$17
37 years$1,041$682$434$270$165$14
38 years$1,002$648$407$249$149$12
39 years$966$616$381$229$135$10
40 years$931$587$357$211$123$8
41 years$898$558$335$195$111$7
42 years$867$532$314$180$101$6
43 years$837$507$295$166$92$5
44 years$809$483$277$153$83$4
45 years$782$461$260$142$76$3
46 years$757$439$244$131$69$3
47 years$732$419$229$121$62$2
48 years$709$400$215$112$57$2
49 years$686$382$202$103$51$2
50 years$665$365$190$95$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $681,000, adding $5,985 every year, while hoping to spend $20,344 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: 70/9/21 Blend
57$681,000$681,000$681,000$681,000
58$756,636$720,543$709,987$805,276
59$812,166$734,203$712,126$852,171
60$872,680$747,852$713,654$900,528
61$938,662$761,465$714,531$952,960
62$1,010,649$775,021$714,711$1,009,870
63$1,089,230$788,492$714,149$1,071,699
64$1,175,055$801,851$712,796$1,138,936
65$1,268,838$815,069$710,602$1,212,118
66$1,371,365$828,113$707,513$1,291,836
67$1,483,503$840,949$703,473$1,378,745
68$1,606,205$853,540$698,424$1,473,562
69$1,740,521$865,847$692,305$1,577,082
70$1,887,608$877,827$685,050$1,690,179
71$2,048,739$889,435$676,594$1,813,815
72$2,225,315$900,623$666,865$1,949,053
73$2,418,882$911,338$655,790$2,097,063
74$2,631,140$921,526$643,291$2,259,135
75$2,863,963$931,127$629,288$2,436,692
76$3,119,414$940,079$613,696$2,631,300
77$3,399,765$948,314$596,426$2,844,689
78$3,707,521$955,761$577,386$3,078,761
79$4,045,439$962,344$556,479$3,335,616
80$4,416,556$967,982$533,604$3,617,569
81$4,824,220$972,588$508,654$3,927,169
82$5,272,117$976,070$481,520$4,267,228
83$5,764,307$978,332$452,086$4,640,844
84$6,305,265$979,270$420,230$5,051,433
85$6,899,921$978,773$385,826$5,502,759
86$7,553,705$976,724$348,743$5,998,973
87$8,272,599$973,000$308,842$6,544,646
88$9,063,195$967,468$265,979$7,144,822
89$9,932,756$959,989$220,005$7,805,056
90$10,889,284$950,415$170,761$8,531,473
91$11,941,594$938,588$118,085$9,330,824
92$13,099,400$924,343$61,804$10,210,548
93$14,373,404$907,502$1,741$11,178,847
94$15,775,401$887,878$0$12,244,759
95$17,318,381$865,274$0$13,432,219
96$19,016,664$839,480$0$14,739,559
97$20,886,023$810,274$0$16,178,537
98$22,943,841$777,421$0$17,762,539
99$25,209,271$740,673$0$19,506,316
100$27,703,418$699,767$0$21,426,122