Can I retire at age 58 with 684,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$56,484$55,981$55,490$55,011$54,543$53,595
2 years$27,962$27,442$26,937$26,448$25,973$25,021
3 years$18,456$17,933$17,430$16,945$16,478$15,552
4 years$13,704$13,183$12,685$12,208$11,752$10,859
5 years$10,854$10,336$9,844$9,377$8,934$8,076
6 years$8,954$8,440$7,955$7,499$7,069$6,247
7 years$7,598$7,088$6,611$6,165$5,749$4,964
8 years$6,581$6,075$5,606$5,172$4,769$4,021
9 years$5,790$5,290$4,829$4,405$4,017$3,304
10 years$5,158$4,663$4,210$3,797$3,422$2,745
11 years$4,642$4,151$3,706$3,305$2,943$2,300
12 years$4,211$3,726$3,289$2,899$2,551$1,941
13 years$3,848$3,367$2,939$2,559$2,224$1,648
14 years$3,536$3,060$2,640$2,272$1,950$1,405
15 years$3,266$2,796$2,384$2,026$1,717$1,203
16 years$3,030$2,565$2,161$1,814$1,517$1,033
17 years$2,823$2,362$1,967$1,630$1,345$889
18 years$2,638$2,183$1,795$1,469$1,196$768
19 years$2,473$2,023$1,644$1,327$1,066$664
20 years$2,325$1,880$1,508$1,202$952$575
21 years$2,191$1,751$1,388$1,091$852$499
22 years$2,069$1,635$1,279$992$764$433
23 years$1,958$1,529$1,181$903$686$377
24 years$1,857$1,432$1,092$824$616$328
25 years$1,763$1,344$1,011$752$555$286
26 years$1,678$1,263$938$688$500$249
27 years$1,598$1,189$871$630$450$217
28 years$1,524$1,120$810$577$406$189
29 years$1,456$1,057$754$529$367$165
30 years$1,392$998$702$486$332$144
31 years$1,333$944$654$446$300$126
32 years$1,277$893$611$410$271$110
33 years$1,225$846$570$377$245$96
34 years$1,176$801$533$347$222$84
35 years$1,130$760$498$319$201$74
36 years$1,086$721$466$294$182$64
37 years$1,045$685$436$271$165$56
38 years$1,007$651$408$250$150$49
39 years$970$619$383$230$136$43
40 years$935$589$359$212$123$38
41 years$902$561$336$196$112$33
42 years$871$534$315$181$101$29
43 years$841$509$296$167$92$25
44 years$813$485$278$154$84$22
45 years$786$463$261$142$76$19
46 years$760$441$245$131$69$17
47 years$735$421$230$121$63$15
48 years$712$402$216$112$57$13
49 years$689$384$203$104$52$11
50 years$668$367$191$96$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $684,000, adding $3,017 every year, while hoping to spend $46,398 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: 61/29/10 Blend
57$684,000$684,000$684,000$684,000
58$756,880$720,628$710,026$801,145
59$784,715$706,572$684,445$817,123
60$813,833$690,272$656,452$828,969
61$844,318$671,569$625,916$840,744
62$876,258$650,295$592,704$852,443
63$909,749$626,272$556,672$864,060
64$944,895$599,311$517,672$875,594
65$981,810$569,213$475,551$887,045
66$1,020,618$535,768$430,145$898,415
67$1,061,452$498,751$381,285$909,708
68$1,104,458$457,928$328,796$920,933
69$1,149,795$413,049$272,493$932,102
70$1,197,636$363,850$212,183$943,231
71$1,248,169$310,053$147,666$954,341
72$1,301,601$251,364$78,731$965,460
73$1,358,155$187,471$5,159$976,623
74$1,418,077$118,048$0$987,869
75$1,481,635$42,746$0$1,007,077
76$1,549,121$0$0$1,027,576
77$1,620,857$0$0$1,061,293
78$1,697,192$0$0$1,111,716
79$1,778,510$0$0$1,165,461
80$1,865,230$0$0$1,222,809
81$1,957,814$0$0$1,284,067
82$2,056,764$0$0$1,349,575
83$2,162,634$0$0$1,419,703
84$2,276,029$0$0$1,494,857
85$2,397,614$0$0$1,575,482
86$2,528,118$0$0$1,662,067
87$2,668,340$0$0$1,755,150
88$2,819,159$0$0$1,855,319
89$2,981,539$0$0$1,963,221
90$3,156,539$0$0$2,079,567
91$3,345,322$0$0$2,205,137
92$3,549,165$0$0$2,340,790
93$3,769,473$0$0$2,487,466
94$4,007,788$0$0$2,646,204
95$4,265,807$0$0$2,818,140
96$4,545,395$0$0$3,004,528
97$4,848,602$0$0$3,206,743
98$5,177,682$0$0$3,426,301
99$5,535,116$0$0$3,664,867
100$5,923,631$0$0$3,924,273