Can I retire at age 58 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$56,402$55,899$55,409$54,931$54,463$53,125
2 years$27,922$27,402$26,898$26,409$25,935$24,595
3 years$18,429$17,907$17,404$16,920$16,454$15,154
4 years$13,684$13,164$12,666$12,190$11,735$10,486
5 years$10,838$10,320$9,829$9,363$8,921$7,725
6 years$8,941$8,427$7,944$7,488$7,059$5,918
7 years$7,587$7,077$6,601$6,156$5,741$4,654
8 years$6,571$6,067$5,598$5,164$4,762$3,731
9 years$5,782$5,282$4,822$4,399$4,011$3,033
10 years$5,151$4,656$4,204$3,792$3,417$2,492
11 years$4,635$4,145$3,701$3,300$2,939$2,064
12 years$4,205$3,720$3,284$2,895$2,547$1,722
13 years$3,842$3,362$2,934$2,555$2,221$1,444
14 years$3,531$3,056$2,637$2,268$1,947$1,216
15 years$3,261$2,792$2,381$2,023$1,714$1,028
16 years$3,026$2,561$2,158$1,811$1,515$872
17 years$2,818$2,359$1,964$1,628$1,343$741
18 years$2,634$2,180$1,793$1,467$1,194$631
19 years$2,469$2,020$1,641$1,325$1,065$539
20 years$2,321$1,877$1,506$1,200$951$460
21 years$2,188$1,749$1,385$1,089$851$394
22 years$2,066$1,632$1,277$991$763$337
23 years$1,955$1,527$1,179$902$685$289
24 years$1,854$1,430$1,090$823$615$248
25 years$1,761$1,342$1,010$751$554$213
26 years$1,675$1,261$937$687$499$183
27 years$1,596$1,187$870$629$450$157
28 years$1,522$1,119$809$576$406$135
29 years$1,454$1,055$752$528$366$116
30 years$1,390$997$701$485$331$100
31 years$1,331$942$653$445$299$86
32 years$1,275$892$610$409$271$74
33 years$1,223$844$569$376$245$64
34 years$1,174$800$532$346$222$55
35 years$1,128$759$497$319$201$47
36 years$1,085$720$465$294$182$41
37 years$1,044$684$435$271$165$35
38 years$1,005$650$408$249$150$30
39 years$968$618$382$230$136$26
40 years$934$588$358$212$123$23
41 years$901$560$336$196$112$19
42 years$870$533$315$181$101$17
43 years$840$508$296$167$92$14
44 years$812$484$277$154$83$12
45 years$785$462$260$142$76$11
46 years$759$441$245$131$69$9
47 years$734$420$230$121$62$8
48 years$711$401$216$112$57$7
49 years$688$383$203$104$52$6
50 years$667$366$191$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $683,000, adding $5,416 every year, while hoping to spend $36,197 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: 57/18/25 Blend
57$683,000$683,000$683,000$683,000
58$758,253$722,054$711,467$796,031
59$797,081$718,921$696,788$819,359
60$838,657$714,422$680,404$840,483
61$883,222$708,450$662,219$862,745
62$931,042$700,896$642,135$886,264
63$982,408$691,639$620,047$911,174
64$1,037,640$680,556$595,845$937,625
65$1,097,089$667,513$569,415$965,783
66$1,161,141$652,370$540,639$995,832
67$1,230,218$634,977$509,392$1,027,978
68$1,304,787$615,177$475,543$1,062,450
69$1,385,358$592,804$438,956$1,099,503
70$1,472,492$567,679$399,489$1,139,420
71$1,566,809$539,618$356,994$1,182,514
72$1,668,985$508,420$311,315$1,229,134
73$1,779,767$473,879$262,290$1,279,669
74$1,899,977$435,773$209,750$1,334,548
75$2,030,516$393,867$153,518$1,394,249
76$2,172,378$347,915$93,410$1,459,301
77$2,326,654$297,657$29,233$1,530,291
78$2,494,545$242,815$0$1,607,870
79$2,677,375$183,099$0$1,703,231
80$2,876,598$118,202$0$1,815,704
81$3,093,815$47,797$0$1,938,427
82$3,330,788$0$0$2,072,441
83$3,589,456$0$0$2,224,533
84$3,871,954$0$0$2,401,032
85$4,180,633$0$0$2,593,946
86$4,518,080$0$0$2,804,900
87$4,887,144$0$0$3,035,681
88$5,290,961$0$0$3,288,260
89$5,732,986$0$0$3,564,804
90$6,217,021$0$0$3,867,702
91$6,747,254$0$0$4,199,583
92$7,328,298$0$0$4,563,343
93$7,965,233$0$0$4,962,172
94$8,663,653$0$0$5,399,582
95$9,429,720$0$0$5,879,444
96$10,270,220$0$0$6,406,018
97$11,192,629$0$0$6,983,999
98$12,205,182$0$0$7,618,557
99$13,316,948$0$0$8,315,390
100$14,537,920$0$0$9,080,772