Can I retire at age 58 with 684,000?

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 $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%13.6%
1 years$56,484$55,981$55,490$55,011$54,543$53,728
2 years$27,962$27,442$26,937$26,448$25,973$25,154
3 years$18,456$17,933$17,430$16,945$16,478$15,680
4 years$13,704$13,183$12,685$12,208$11,752$10,982
5 years$10,854$10,336$9,844$9,377$8,934$8,193
6 years$8,954$8,440$7,955$7,499$7,069$6,359
7 years$7,598$7,088$6,611$6,165$5,749$5,069
8 years$6,581$6,075$5,606$5,172$4,769$4,120
9 years$5,790$5,290$4,829$4,405$4,017$3,398
10 years$5,158$4,663$4,210$3,797$3,422$2,833
11 years$4,642$4,151$3,706$3,305$2,943$2,383
12 years$4,211$3,726$3,289$2,899$2,551$2,019
13 years$3,848$3,367$2,939$2,559$2,224$1,720
14 years$3,536$3,060$2,640$2,272$1,950$1,473
15 years$3,266$2,796$2,384$2,026$1,717$1,266
16 years$3,030$2,565$2,161$1,814$1,517$1,092
17 years$2,823$2,362$1,967$1,630$1,345$944
18 years$2,638$2,183$1,795$1,469$1,196$819
19 years$2,473$2,023$1,644$1,327$1,066$711
20 years$2,325$1,880$1,508$1,202$952$619
21 years$2,191$1,751$1,388$1,091$852$539
22 years$2,069$1,635$1,279$992$764$470
23 years$1,958$1,529$1,181$903$686$411
24 years$1,857$1,432$1,092$824$616$359
25 years$1,763$1,344$1,011$752$555$314
26 years$1,678$1,263$938$688$500$275
27 years$1,598$1,189$871$630$450$241
28 years$1,524$1,120$810$577$406$212
29 years$1,456$1,057$754$529$367$186
30 years$1,392$998$702$486$332$163
31 years$1,333$944$654$446$300$143
32 years$1,277$893$611$410$271$126
33 years$1,225$846$570$377$245$110
34 years$1,176$801$533$347$222$97
35 years$1,130$760$498$319$201$85
36 years$1,086$721$466$294$182$75
37 years$1,045$685$436$271$165$66
38 years$1,007$651$408$250$150$58
39 years$970$619$383$230$136$51
40 years$935$589$359$212$123$45
41 years$902$561$336$196$112$39
42 years$871$534$315$181$101$35
43 years$841$509$296$167$92$30
44 years$813$485$278$154$84$27
45 years$786$463$261$142$76$24
46 years$760$441$245$131$69$21
47 years$735$421$230$121$63$18
48 years$712$402$216$112$57$16
49 years$689$384$203$104$52$14
50 years$668$367$191$96$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $684,000, adding $2,505 every year, while hoping to spend $23,357 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: 55/22/23 Blend
57$684,000$684,000$684,000$684,000
58$756,352$720,100$709,498$793,068
59$808,648$730,533$708,414$828,961
60$865,496$740,695$706,512$865,368
61$927,334$750,547$703,738$904,523
62$994,648$760,049$700,038$946,697
63$1,067,968$769,157$695,356$992,189
64$1,147,880$777,825$689,630$1,041,329
65$1,235,029$786,004$682,798$1,094,482
66$1,330,125$793,641$674,794$1,152,050
67$1,433,948$800,680$665,550$1,214,477
68$1,547,357$807,060$654,992$1,282,252
69$1,671,299$812,718$643,047$1,355,916
70$1,806,816$817,585$629,633$1,436,068
71$1,955,055$821,590$614,669$1,523,364
72$2,117,278$824,655$598,068$1,618,534
73$2,294,876$826,699$579,739$1,722,378
74$2,489,381$827,635$559,588$1,835,784
75$2,702,479$827,370$537,515$1,959,727
76$2,936,026$825,807$513,417$2,095,287
77$3,192,070$822,840$487,185$2,243,654
78$3,472,862$818,360$458,706$2,406,141
79$3,780,883$812,249$427,863$2,584,196
80$4,118,867$804,383$394,530$2,779,418
81$4,489,824$794,630$358,579$2,993,570
82$4,897,070$782,851$319,875$3,228,599
83$5,344,257$768,897$278,277$3,486,650
84$5,835,410$752,611$233,638$3,770,091
85$6,374,960$733,827$185,803$4,081,534
86$6,967,791$712,370$134,612$4,423,859
87$7,619,282$688,052$79,898$4,800,245
88$8,335,360$660,678$21,486$5,214,196
89$9,122,553$630,038$0$5,669,579
90$9,988,055$595,911$0$6,180,682
91$10,939,791$558,065$0$6,748,461
92$11,986,492$516,253$0$7,372,873
93$13,137,778$470,213$0$8,059,687
94$14,404,249$419,670$0$8,815,264
95$15,797,581$364,333$0$9,646,614
96$17,330,642$303,893$0$10,561,464
97$19,017,610$238,026$0$11,568,332
98$20,874,104$166,387$0$12,676,605
99$22,917,336$88,614$0$13,896,632
100$25,166,272$4,324$0$15,239,817