Can I retire at age 58 with 627,000?

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 $627,000?

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$51,777$51,316$50,866$50,427$49,998$49,312
2 years$25,632$25,155$24,692$24,244$23,809$23,119
3 years$16,918$16,439$15,977$15,533$15,105$14,433
4 years$12,562$12,084$11,628$11,191$10,773$10,123
5 years$9,949$9,474$9,023$8,596$8,190$7,564
6 years$8,208$7,736$7,292$6,874$6,480$5,880
7 years$6,965$6,497$6,060$5,651$5,270$4,696
8 years$6,033$5,569$5,139$4,741$4,372$3,823
9 years$5,308$4,849$4,426$4,038$3,682$3,158
10 years$4,729$4,274$3,859$3,481$3,137$2,638
11 years$4,255$3,805$3,397$3,029$2,698$2,224
12 years$3,860$3,415$3,015$2,657$2,338$1,888
13 years$3,527$3,086$2,694$2,346$2,039$1,612
14 years$3,241$2,805$2,420$2,082$1,787$1,382
15 years$2,994$2,563$2,185$1,857$1,574$1,191
16 years$2,778$2,351$1,981$1,663$1,391$1,029
17 years$2,587$2,165$1,803$1,494$1,233$892
18 years$2,418$2,001$1,646$1,346$1,096$775
19 years$2,267$1,854$1,507$1,217$977$674
20 years$2,131$1,723$1,383$1,102$873$588
21 years$2,008$1,605$1,272$1,000$781$514
22 years$1,897$1,498$1,172$909$700$449
23 years$1,795$1,401$1,082$828$629$393
24 years$1,702$1,313$1,001$755$565$345
25 years$1,617$1,232$927$690$508$302
26 years$1,538$1,158$860$631$458$265
27 years$1,465$1,090$798$577$413$233
28 years$1,397$1,027$742$529$373$205
29 years$1,335$969$691$485$336$180
30 years$1,276$915$643$445$304$159
31 years$1,222$865$600$409$275$140
32 years$1,171$818$560$376$249$123
33 years$1,123$775$523$346$225$108
34 years$1,078$735$488$318$204$95
35 years$1,036$697$456$293$184$84
36 years$996$661$427$270$167$74
37 years$958$628$400$248$151$65
38 years$923$597$374$229$137$58
39 years$889$568$351$211$125$51
40 years$857$540$329$195$113$45
41 years$827$514$308$180$102$39
42 years$798$490$289$166$93$35
43 years$771$466$271$153$84$31
44 years$745$445$255$141$77$27
45 years$720$424$239$130$70$24
46 years$697$404$225$121$63$21
47 years$674$386$211$111$57$19
48 years$652$368$198$103$52$16
49 years$632$352$186$95$47$14
50 years$612$336$175$88$43$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $627,000, adding $5,645 every year, while hoping to spend $35,755 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: 35/50/15 Blend
57$627,000$627,000$627,000$627,000
58$696,777$663,546$653,827$717,756
59$729,805$658,017$637,687$727,954
60$765,004$651,018$619,809$735,166
61$802,557$642,440$600,095$742,176
62$842,665$632,167$578,445$748,984
63$885,549$620,076$554,756$755,596
64$931,450$606,035$528,915$762,019
65$980,635$589,907$500,810$768,264
66$1,033,392$571,545$470,320$774,349
67$1,090,042$550,795$437,320$780,297
68$1,150,934$527,492$401,678$786,135
69$1,216,454$501,463$363,258$791,901
70$1,287,022$472,524$321,917$797,639
71$1,363,102$440,482$277,506$803,402
72$1,445,204$405,131$229,868$809,255
73$1,533,887$366,255$178,840$815,276
74$1,629,766$323,624$124,254$821,555
75$1,733,516$276,995$65,930$828,197
76$1,845,880$226,114$3,684$835,328
77$1,967,675$170,708$0$843,089
78$2,099,799$110,494$0$861,688
79$2,243,239$45,169$0$882,556
80$2,399,082$0$0$905,354
81$2,568,523$0$0$944,443
82$2,752,875$0$0$1,014,092
83$2,953,586$0$0$1,090,004
84$3,172,247$0$0$1,172,791
85$3,410,609$0$0$1,263,129
86$3,670,600$0$0$1,361,759
87$3,954,342$0$0$1,469,498
88$4,264,170$0$0$1,587,244
89$4,602,654$0$0$1,715,988
90$4,972,625$0$0$1,856,819
91$5,377,199$0$0$2,010,938
92$5,819,806$0$0$2,179,665
93$6,304,225$0$0$2,364,457
94$6,834,614$0$0$2,566,915
95$7,415,555$0$0$2,788,804
96$8,052,092$0$0$3,032,068
97$8,749,781$0$0$3,298,848
98$9,514,739$0$0$3,591,500
99$10,353,706$0$0$3,912,622
100$11,274,105$0$0$4,265,075