Can I retire at age 58 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$56,567$56,063$55,571$55,091$54,623$53,586
2 years$28,003$27,482$26,976$26,486$26,011$24,970
3 years$18,483$17,960$17,455$16,970$16,502$15,490
4 years$13,724$13,202$12,703$12,226$11,770$10,794
5 years$10,870$10,351$9,858$9,391$8,947$8,011
6 years$8,967$8,452$7,967$7,510$7,080$6,184
7 years$7,609$7,098$6,620$6,174$5,758$4,902
8 years$6,591$6,084$5,615$5,179$4,776$3,961
9 years$5,799$5,298$4,836$4,412$4,022$3,247
10 years$5,166$4,670$4,216$3,803$3,427$2,691
11 years$4,649$4,157$3,712$3,310$2,948$2,250
12 years$4,218$3,731$3,294$2,903$2,554$1,894
13 years$3,853$3,372$2,943$2,563$2,227$1,603
14 years$3,541$3,065$2,644$2,275$1,953$1,363
15 years$3,271$2,800$2,387$2,029$1,719$1,164
16 years$3,035$2,569$2,165$1,817$1,519$997
17 years$2,827$2,366$1,970$1,632$1,347$856
18 years$2,642$2,186$1,798$1,471$1,198$736
19 years$2,477$2,026$1,646$1,329$1,068$635
20 years$2,328$1,883$1,511$1,204$954$548
21 years$2,194$1,754$1,390$1,093$853$474
22 years$2,072$1,637$1,281$993$765$411
23 years$1,961$1,531$1,182$905$687$356
24 years$1,859$1,434$1,094$825$617$309
25 years$1,766$1,346$1,013$754$555$268
26 years$1,680$1,265$939$689$500$233
27 years$1,600$1,191$872$631$451$203
28 years$1,527$1,122$811$578$407$176
29 years$1,458$1,058$755$530$368$153
30 years$1,394$1,000$703$486$332$133
31 years$1,335$945$655$447$300$116
32 years$1,279$894$611$410$272$101
33 years$1,227$847$571$377$246$88
34 years$1,178$803$533$347$223$77
35 years$1,131$761$499$320$202$67
36 years$1,088$722$467$294$183$58
37 years$1,047$686$437$271$166$51
38 years$1,008$652$409$250$150$44
39 years$971$620$383$231$136$39
40 years$937$590$359$213$123$34
41 years$903$562$337$196$112$29
42 years$872$535$316$181$102$26
43 years$842$510$296$167$92$22
44 years$814$486$278$154$84$20
45 years$787$463$261$143$76$17
46 years$761$442$245$132$69$15
47 years$736$422$230$122$63$13
48 years$713$403$217$112$57$11
49 years$690$384$204$104$52$10
50 years$669$367$191$96$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $685,000, adding $5,643 every year, while hoping to spend $52,896 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: 40/44/16 Blend
57$685,000$685,000$685,000$685,000
58$760,691$724,386$713,768$787,295
59$782,000$703,600$681,399$785,947
60$803,711$680,022$646,172$778,929
61$825,807$653,461$607,936$770,210
62$848,270$623,712$566,533$759,663
63$871,079$590,559$521,797$747,149
64$894,208$553,775$473,556$732,525
65$917,625$513,118$421,628$715,635
66$941,296$468,334$365,826$696,316
67$965,178$419,152$305,951$674,391
68$989,224$365,289$241,799$649,675
69$1,013,379$306,442$173,153$621,969
70$1,037,581$242,295$99,791$591,062
71$1,061,757$172,511$21,477$556,728
72$1,085,828$96,735$0$518,728
73$1,109,700$14,593$0$487,408
74$1,133,271$0$0$456,496
75$1,156,422$0$0$458,057
76$1,179,023$0$0$466,392
77$1,200,926$0$0$474,367
78$1,221,965$0$0$481,908
79$1,241,954$0$0$488,932
80$1,260,685$0$0$495,345
81$1,277,926$0$0$501,044
82$1,293,419$0$0$505,912
83$1,306,874$0$0$509,819
84$1,317,969$0$0$512,623
85$1,326,346$0$0$514,163
86$1,331,608$0$0$514,262
87$1,333,310$0$0$512,722
88$1,330,960$0$0$509,324
89$1,324,014$0$0$503,825
90$1,311,863$0$0$495,955
91$1,293,837$0$0$485,416
92$1,269,188$0$0$471,877
93$1,237,093$0$0$454,970
94$1,196,634$0$0$434,290
95$1,146,799$0$0$409,388
96$1,086,467$0$0$379,765
97$1,014,396$0$0$344,873
98$929,212$0$0$304,103
99$829,397$0$0$256,781
100$713,272$0$0$202,165