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%18%
1 years$56,484$55,981$55,490$55,011$54,543$52,776
2 years$27,962$27,442$26,937$26,448$25,973$24,209
3 years$18,456$17,933$17,430$16,945$16,478$14,773
4 years$13,704$13,183$12,685$12,208$11,752$10,119
5 years$10,854$10,336$9,844$9,377$8,934$7,377
6 years$8,954$8,440$7,955$7,499$7,069$5,590
7 years$7,598$7,088$6,611$6,165$5,749$4,347
8 years$6,581$6,075$5,606$5,172$4,769$3,443
9 years$5,790$5,290$4,829$4,405$4,017$2,765
10 years$5,158$4,663$4,210$3,797$3,422$2,244
11 years$4,642$4,151$3,706$3,305$2,943$1,835
12 years$4,211$3,726$3,289$2,899$2,551$1,511
13 years$3,848$3,367$2,939$2,559$2,224$1,250
14 years$3,536$3,060$2,640$2,272$1,950$1,039
15 years$3,266$2,796$2,384$2,026$1,717$866
16 years$3,030$2,565$2,161$1,814$1,517$724
17 years$2,823$2,362$1,967$1,630$1,345$606
18 years$2,638$2,183$1,795$1,469$1,196$509
19 years$2,473$2,023$1,644$1,327$1,066$428
20 years$2,325$1,880$1,508$1,202$952$360
21 years$2,191$1,751$1,388$1,091$852$303
22 years$2,069$1,635$1,279$992$764$256
23 years$1,958$1,529$1,181$903$686$216
24 years$1,857$1,432$1,092$824$616$182
25 years$1,763$1,344$1,011$752$555$154
26 years$1,678$1,263$938$688$500$130
27 years$1,598$1,189$871$630$450$110
28 years$1,524$1,120$810$577$406$93
29 years$1,456$1,057$754$529$367$79
30 years$1,392$998$702$486$332$67
31 years$1,333$944$654$446$300$56
32 years$1,277$893$611$410$271$48
33 years$1,225$846$570$377$245$40
34 years$1,176$801$533$347$222$34
35 years$1,130$760$498$319$201$29
36 years$1,086$721$466$294$182$25
37 years$1,045$685$436$271$165$21
38 years$1,007$651$408$250$150$18
39 years$970$619$383$230$136$15
40 years$935$589$359$212$123$13
41 years$902$561$336$196$112$11
42 years$871$534$315$181$101$9
43 years$841$509$296$167$92$8
44 years$813$485$278$154$84$7
45 years$786$463$261$142$76$6
46 years$760$441$245$131$69$5
47 years$735$421$230$121$63$4
48 years$712$402$216$112$57$3
49 years$689$384$203$104$52$3
50 years$668$367$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $684,000, adding $3,108 every year, while hoping to spend $49,557 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: 41/49/10 Blend
57$684,000$684,000$684,000$684,000
58$756,974$720,722$710,120$785,643
59$781,457$703,309$681,181$788,634
60$806,776$683,382$649,611$786,683
61$832,965$660,765$615,271$783,460
62$860,058$635,273$578,012$778,869
63$888,091$606,709$537,683$772,811
64$917,104$574,865$494,123$765,179
65$947,136$539,521$447,163$755,862
66$978,230$500,444$396,630$744,741
67$1,010,433$457,389$342,341$731,692
68$1,043,792$410,096$284,104$716,584
69$1,078,358$358,289$221,720$699,277
70$1,114,184$301,679$154,981$679,625
71$1,151,329$239,959$83,671$657,475
72$1,189,852$172,805$7,562$632,663
73$1,229,819$99,875$0$605,020
74$1,271,299$20,807$0$582,224
75$1,314,365$0$0$557,599
76$1,359,095$0$0$565,095
77$1,405,574$0$0$584,552
78$1,453,891$0$0$604,792
79$1,504,142$0$0$625,855
80$1,556,431$0$0$647,787
81$1,610,867$0$0$670,636
82$1,667,570$0$0$694,454
83$1,726,666$0$0$719,297
84$1,788,294$0$0$745,225
85$1,852,602$0$0$772,304
86$1,919,749$0$0$800,603
87$1,989,908$0$0$830,198
88$2,063,265$0$0$861,173
89$2,140,021$0$0$893,615
90$2,220,395$0$0$927,621
91$2,304,623$0$0$963,295
92$2,392,962$0$0$1,000,752
93$2,485,689$0$0$1,040,114
94$2,583,106$0$0$1,081,516
95$2,685,542$0$0$1,125,102
96$2,793,354$0$0$1,171,033
97$2,906,930$0$0$1,219,481
98$3,026,693$0$0$1,270,633
99$3,153,105$0$0$1,324,697
100$3,286,668$0$0$1,381,895