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%19.6%
1 years$56,236$55,735$55,247$54,770$54,304$52,211
2 years$27,840$27,321$26,819$26,332$25,859$23,776
3 years$18,375$17,855$17,354$16,871$16,406$14,397
4 years$13,644$13,125$12,629$12,155$11,701$9,783
5 years$10,806$10,290$9,801$9,336$8,895$7,072
6 years$8,915$8,403$7,920$7,466$7,038$5,311
7 years$7,564$7,057$6,582$6,138$5,724$4,093
8 years$6,552$6,049$5,582$5,149$4,749$3,211
9 years$5,765$5,267$4,808$4,386$3,999$2,554
10 years$5,136$4,642$4,191$3,781$3,407$2,051
11 years$4,621$4,133$3,690$3,290$2,930$1,661
12 years$4,193$3,709$3,275$2,886$2,539$1,353
13 years$3,831$3,352$2,926$2,548$2,214$1,107
14 years$3,521$3,047$2,629$2,262$1,941$909
15 years$3,252$2,783$2,374$2,017$1,709$749
16 years$3,017$2,554$2,152$1,806$1,511$619
17 years$2,810$2,352$1,958$1,623$1,339$513
18 years$2,626$2,173$1,788$1,462$1,191$425
19 years$2,462$2,014$1,636$1,321$1,061$353
20 years$2,315$1,872$1,502$1,197$948$294
21 years$2,181$1,743$1,381$1,086$848$244
22 years$2,060$1,627$1,273$988$761$203
23 years$1,950$1,522$1,176$899$683$170
24 years$1,849$1,426$1,087$820$614$141
25 years$1,756$1,338$1,007$749$552$118
26 years$1,670$1,258$934$685$497$98
27 years$1,591$1,184$867$627$448$82
28 years$1,518$1,115$806$574$405$69
29 years$1,450$1,052$750$527$365$57
30 years$1,386$994$699$483$330$48
31 years$1,327$939$651$444$298$40
32 years$1,272$889$608$408$270$33
33 years$1,220$842$568$375$244$28
34 years$1,171$798$530$345$221$23
35 years$1,125$757$496$318$200$20
36 years$1,082$718$464$293$182$16
37 years$1,041$682$434$270$165$14
38 years$1,002$648$407$249$149$11
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 $3,682 every year, while hoping to spend $53,700 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: 58/27/15 Blend
57$681,000$681,000$681,000$681,000
58$754,260$718,167$707,611$794,903
59$774,058$696,221$674,180$800,876
60$794,076$671,399$637,829$801,144
61$814,279$643,505$598,404$800,188
62$834,628$612,329$555,742$797,899
63$855,077$577,651$509,677$794,159
64$875,574$539,235$460,031$788,841
65$896,061$496,835$406,619$781,809
66$916,469$450,190$349,251$772,916
67$936,722$399,023$287,725$762,004
68$956,735$343,043$221,831$748,904
69$976,410$281,940$151,350$733,431
70$995,638$215,388$76,054$715,388
71$1,014,295$143,045$0$694,563
72$1,032,244$64,545$0$671,413
73$1,049,330$0$0$658,039
74$1,065,380$0$0$648,119
75$1,080,202$0$0$656,558
76$1,093,579$0$0$664,042
77$1,105,272$0$0$670,415
78$1,115,012$0$0$675,505
79$1,122,501$0$0$679,121
80$1,127,407$0$0$681,049
81$1,129,362$0$0$681,053
82$1,127,955$0$0$678,869
83$1,122,732$0$0$674,205
84$1,113,187$0$0$666,737
85$1,098,760$0$0$656,107
86$1,078,832$0$0$641,914
87$1,052,712$0$0$623,719
88$1,019,639$0$0$601,033
89$978,768$0$0$573,313
90$929,165$0$0$539,962
91$869,796$0$0$500,317
92$799,515$0$0$453,644
93$717,057$0$0$399,133
94$621,021$0$0$335,887
95$509,862$0$0$262,915
96$381,867$0$0$179,123
97$235,147$0$0$83,299
98$67,612$0$0$0
99$0$0$0$0
100$0$0$0$0