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%12.8%
1 years$56,649$56,145$55,652$55,172$54,703$54,064
2 years$28,044$27,522$27,016$26,525$26,049$25,406
3 years$18,510$17,986$17,481$16,995$16,526$15,899
4 years$13,744$13,222$12,722$12,244$11,787$11,180
5 years$10,886$10,366$9,873$9,404$8,960$8,376
6 years$8,980$8,464$7,978$7,521$7,090$6,529
7 years$7,620$7,108$6,630$6,183$5,766$5,228
8 years$6,600$6,093$5,623$5,187$4,783$4,269
9 years$5,807$5,305$4,843$4,418$4,028$3,537
10 years$5,174$4,676$4,222$3,808$3,432$2,964
11 years$4,655$4,163$3,717$3,315$2,952$2,506
12 years$4,224$3,737$3,299$2,907$2,558$2,134
13 years$3,859$3,377$2,947$2,567$2,231$1,828
14 years$3,546$3,069$2,648$2,278$1,955$1,573
15 years$3,276$2,804$2,391$2,032$1,722$1,359
16 years$3,039$2,573$2,168$1,819$1,522$1,179
17 years$2,831$2,369$1,973$1,635$1,349$1,025
18 years$2,646$2,189$1,801$1,473$1,200$894
19 years$2,480$2,029$1,648$1,331$1,069$781
20 years$2,331$1,885$1,513$1,206$955$684
21 years$2,197$1,756$1,392$1,094$855$599
22 years$2,075$1,639$1,283$995$766$526
23 years$1,964$1,533$1,184$906$688$462
24 years$1,862$1,437$1,095$826$618$407
25 years$1,769$1,348$1,014$755$556$358
26 years$1,682$1,267$941$690$501$316
27 years$1,603$1,192$874$632$452$279
28 years$1,529$1,124$812$579$408$246
29 years$1,460$1,060$756$531$368$217
30 years$1,396$1,001$704$487$333$192
31 years$1,337$946$656$447$301$169
32 years$1,281$895$612$411$272$150
33 years$1,229$848$572$378$246$132
34 years$1,179$804$534$348$223$117
35 years$1,133$762$499$320$202$104
36 years$1,090$724$467$295$183$92
37 years$1,048$687$437$272$166$81
38 years$1,010$653$409$250$150$72
39 years$973$621$384$231$136$64
40 years$938$591$360$213$124$56
41 years$905$562$337$196$112$50
42 years$873$536$316$181$102$44
43 years$844$510$297$167$92$39
44 years$815$486$279$155$84$35
45 years$788$464$262$143$76$31
46 years$762$443$246$132$69$27
47 years$737$422$231$122$63$24
48 years$714$403$217$113$57$21
49 years$691$385$204$104$52$19
50 years$670$368$192$96$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $686,000, adding $5,892 every year, while hoping to spend $21,578 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: 65/6/29 Blend
57$686,000$686,000$686,000$686,000
58$762,050$725,692$715,059$805,365
59$816,820$738,292$716,054$847,981
60$876,453$750,786$716,360$891,632
61$941,424$763,146$715,930$938,878
62$1,012,251$775,343$714,716$990,076
63$1,089,510$787,344$712,668$1,045,621
64$1,173,830$799,114$709,732$1,105,945
65$1,265,906$810,616$705,854$1,171,527
66$1,366,503$821,810$700,975$1,242,896
67$1,476,462$832,655$695,033$1,320,632
68$1,596,710$843,104$687,966$1,405,379
69$1,728,268$853,109$679,706$1,497,843
70$1,872,258$862,618$670,182$1,598,805
71$2,029,918$871,576$659,323$1,709,126
72$2,202,609$879,924$647,051$1,829,755
73$2,391,834$887,598$633,285$1,961,739
74$2,599,242$894,532$617,941$2,106,232
75$2,826,655$900,654$600,932$2,264,506
76$3,076,076$905,888$582,166$2,437,964
77$3,349,712$910,153$561,545$2,628,155
78$3,649,996$913,363$538,970$2,836,784
79$3,979,604$915,427$514,334$3,065,732
80$4,341,488$916,248$487,529$3,317,073
81$4,738,898$915,721$458,439$3,593,095
82$5,175,412$913,738$426,943$3,896,318
83$5,654,974$910,182$392,916$4,229,524
84$6,181,930$904,929$356,227$4,595,775
85$6,761,065$897,848$316,738$4,998,452
86$7,397,651$888,801$274,307$5,441,281
87$8,097,499$877,640$228,784$5,928,367
88$8,867,008$864,208$180,012$6,464,239
89$9,713,229$848,340$127,828$7,053,889
90$10,643,930$829,861$72,063$7,702,818
91$11,667,672$808,585$12,538$8,417,094
92$12,793,885$784,316$0$9,203,404
93$14,032,958$756,844$0$10,084,895
94$15,396,341$725,951$0$11,059,083
95$16,896,648$691,403$0$12,131,106
96$18,547,777$652,952$0$13,310,902
97$20,365,043$610,340$0$14,609,425
98$22,365,320$563,289$0$16,038,743
99$24,567,202$511,509$0$17,612,157
100$26,991,174$454,691$0$19,344,320