Can I retire at age 58 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$56,649$56,145$55,652$55,172$54,703$53,952
2 years$28,044$27,522$27,016$26,525$26,049$25,294
3 years$18,510$17,986$17,481$16,995$16,526$15,791
4 years$13,744$13,222$12,722$12,244$11,787$11,076
5 years$10,886$10,366$9,873$9,404$8,960$8,276
6 years$8,980$8,464$7,978$7,521$7,090$6,434
7 years$7,620$7,108$6,630$6,183$5,766$5,138
8 years$6,600$6,093$5,623$5,187$4,783$4,183
9 years$5,807$5,305$4,843$4,418$4,028$3,455
10 years$5,174$4,676$4,222$3,808$3,432$2,887
11 years$4,655$4,163$3,717$3,315$2,952$2,433
12 years$4,224$3,737$3,299$2,907$2,558$2,065
13 years$3,859$3,377$2,947$2,567$2,231$1,763
14 years$3,546$3,069$2,648$2,278$1,955$1,513
15 years$3,276$2,804$2,391$2,032$1,722$1,303
16 years$3,039$2,573$2,168$1,819$1,522$1,126
17 years$2,831$2,369$1,973$1,635$1,349$976
18 years$2,646$2,189$1,801$1,473$1,200$848
19 years$2,480$2,029$1,648$1,331$1,069$738
20 years$2,331$1,885$1,513$1,206$955$644
21 years$2,197$1,756$1,392$1,094$855$562
22 years$2,075$1,639$1,283$995$766$492
23 years$1,964$1,533$1,184$906$688$430
24 years$1,862$1,437$1,095$826$618$377
25 years$1,769$1,348$1,014$755$556$331
26 years$1,682$1,267$941$690$501$290
27 years$1,603$1,192$874$632$452$255
28 years$1,529$1,124$812$579$408$224
29 years$1,460$1,060$756$531$368$197
30 years$1,396$1,001$704$487$333$174
31 years$1,337$946$656$447$301$153
32 years$1,281$895$612$411$272$134
33 years$1,229$848$572$378$246$118
34 years$1,179$804$534$348$223$104
35 years$1,133$762$499$320$202$92
36 years$1,090$724$467$295$183$81
37 years$1,048$687$437$272$166$71
38 years$1,010$653$409$250$150$63
39 years$973$621$384$231$136$55
40 years$938$591$360$213$124$49
41 years$905$562$337$196$112$43
42 years$873$536$316$181$102$38
43 years$844$510$297$167$92$34
44 years$815$486$279$155$84$30
45 years$788$464$262$143$76$26
46 years$762$443$246$132$69$23
47 years$737$422$231$122$63$20
48 years$714$403$217$113$57$18
49 years$691$385$204$104$52$16
50 years$670$368$192$96$47$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $686,000, adding $6,109 every year, while hoping to spend $39,900 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: 47/29/24 Blend
57$686,000$686,000$686,000$686,000
58$762,273$725,915$715,282$792,619
59$797,572$719,032$696,791$807,643
60$835,134$710,474$676,343$819,516
61$875,147$700,117$653,831$831,603
62$917,820$687,830$629,141$843,943
63$963,377$673,473$602,157$856,581
64$1,012,067$656,899$572,755$869,571
65$1,064,162$637,951$540,806$882,974
66$1,119,959$616,464$506,176$896,860
67$1,179,787$592,262$468,725$911,312
68$1,244,003$565,161$428,305$926,423
69$1,313,001$534,964$384,763$942,297
70$1,387,214$501,464$337,939$959,058
71$1,467,115$464,441$287,665$976,841
72$1,553,226$423,664$233,767$995,804
73$1,646,119$378,887$176,063$1,016,123
74$1,746,423$329,852$114,360$1,037,997
75$1,854,828$276,285$48,461$1,061,653
76$1,972,094$217,897$0$1,087,344
77$2,099,056$154,381$0$1,120,954
78$2,236,630$85,417$0$1,170,814
79$2,385,827$10,663$0$1,224,919
80$2,547,754$0$0$1,283,734
81$2,723,634$0$0$1,370,190
82$2,914,808$0$0$1,467,931
83$3,122,752$0$0$1,574,318
84$3,349,092$0$0$1,690,192
85$3,595,614$0$0$1,816,476
86$3,864,287$0$0$1,954,188
87$4,157,274$0$0$2,104,449
88$4,476,960$0$0$2,268,491
89$4,825,966$0$0$2,447,670
90$5,207,180$0$0$2,643,482
91$5,623,781$0$0$2,857,570
92$6,079,267$0$0$3,091,745
93$6,577,491$0$0$3,348,001
94$7,122,695$0$0$3,628,534
95$7,719,550$0$0$3,935,760
96$8,373,201$0$0$4,272,343
97$9,089,311$0$0$4,641,214
98$9,874,119$0$0$5,045,603
99$10,734,494$0$0$5,489,065
100$11,678,004$0$0$5,975,517