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%14.3%
1 years$56,484$55,981$55,490$55,011$54,543$53,573
2 years$27,962$27,442$26,937$26,448$25,973$24,999
3 years$18,456$17,933$17,430$16,945$16,478$15,531
4 years$13,704$13,183$12,685$12,208$11,752$10,839
5 years$10,854$10,336$9,844$9,377$8,934$8,057
6 years$8,954$8,440$7,955$7,499$7,069$6,229
7 years$7,598$7,088$6,611$6,165$5,749$4,947
8 years$6,581$6,075$5,606$5,172$4,769$4,004
9 years$5,790$5,290$4,829$4,405$4,017$3,288
10 years$5,158$4,663$4,210$3,797$3,422$2,730
11 years$4,642$4,151$3,706$3,305$2,943$2,287
12 years$4,211$3,726$3,289$2,899$2,551$1,929
13 years$3,848$3,367$2,939$2,559$2,224$1,636
14 years$3,536$3,060$2,640$2,272$1,950$1,394
15 years$3,266$2,796$2,384$2,026$1,717$1,192
16 years$3,030$2,565$2,161$1,814$1,517$1,023
17 years$2,823$2,362$1,967$1,630$1,345$881
18 years$2,638$2,183$1,795$1,469$1,196$759
19 years$2,473$2,023$1,644$1,327$1,066$656
20 years$2,325$1,880$1,508$1,202$952$568
21 years$2,191$1,751$1,388$1,091$852$492
22 years$2,069$1,635$1,279$992$764$427
23 years$1,958$1,529$1,181$903$686$371
24 years$1,857$1,432$1,092$824$616$323
25 years$1,763$1,344$1,011$752$555$281
26 years$1,678$1,263$938$688$500$245
27 years$1,598$1,189$871$630$450$213
28 years$1,524$1,120$810$577$406$186
29 years$1,456$1,057$754$529$367$162
30 years$1,392$998$702$486$332$142
31 years$1,333$944$654$446$300$124
32 years$1,277$893$611$410$271$108
33 years$1,225$846$570$377$245$94
34 years$1,176$801$533$347$222$82
35 years$1,130$760$498$319$201$72
36 years$1,086$721$466$294$182$63
37 years$1,045$685$436$271$165$55
38 years$1,007$651$408$250$150$48
39 years$970$619$383$230$136$42
40 years$935$589$359$212$123$37
41 years$902$561$336$196$112$32
42 years$871$534$315$181$101$28
43 years$841$509$296$167$92$25
44 years$813$485$278$154$84$21
45 years$786$463$261$142$76$19
46 years$760$441$245$131$69$16
47 years$735$421$230$121$63$14
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 $2,319 every year, while hoping to spend $31,347 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: 55/15/30 Blend
57$684,000$684,000$684,000$684,000
58$756,160$719,908$709,306$791,331
59$799,935$721,831$699,715$817,819
60$847,125$722,797$688,752$843,251
61$898,045$722,726$676,338$870,333
62$953,040$721,535$662,390$899,236
63$1,012,492$719,132$646,822$930,149
64$1,076,819$715,422$629,543$963,284
65$1,146,480$710,303$610,458$998,873
66$1,221,981$703,668$589,468$1,037,175
67$1,303,877$695,402$566,470$1,078,477
68$1,392,781$685,385$541,355$1,123,098
69$1,489,364$673,488$514,010$1,171,389
70$1,594,366$659,576$484,316$1,223,740
71$1,708,600$643,504$452,149$1,280,584
72$1,832,962$625,121$417,381$1,342,399
73$1,968,436$604,264$379,875$1,409,715
74$2,116,107$580,763$339,492$1,483,119
75$2,277,168$554,438$296,082$1,563,259
76$2,452,931$525,097$249,493$1,650,854
77$2,644,841$492,539$199,562$1,746,698
78$2,854,491$456,549$146,124$1,851,670
79$3,083,631$416,902$89,000$1,966,741
80$3,334,189$373,358$28,010$2,092,987
81$3,608,290$325,666$0$2,231,594
82$3,908,270$273,558$0$2,395,746
83$4,236,704$216,753$0$2,585,364
84$4,596,427$154,952$0$2,793,145
85$4,990,560$87,843$0$3,020,930
86$5,422,542$15,092$0$3,270,750
87$5,896,158$0$0$3,544,844
88$6,415,580$0$0$3,856,188
89$6,985,400$0$0$4,200,539
90$7,610,678$0$0$4,578,471
91$8,296,986$0$0$4,993,360
92$9,050,463$0$0$5,448,926
93$9,877,872$0$0$5,949,266
94$10,786,660$0$0$6,498,895
95$11,785,034$0$0$7,102,784
96$12,882,033$0$0$7,766,411
97$14,087,616$0$0$8,495,812
98$15,412,755$0$0$9,297,633
99$16,869,536$0$0$10,179,201
100$18,471,277$0$0$11,148,585