Can I retire at age 58 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$52,025$51,561$51,109$50,668$50,237$49,609
2 years$25,755$25,275$24,810$24,360$23,922$23,291
3 years$16,999$16,518$16,054$15,607$15,177$14,561
4 years$12,622$12,142$11,683$11,244$10,825$10,229
5 years$9,997$9,520$9,067$8,637$8,229$7,655
6 years$8,247$7,773$7,327$6,907$6,511$5,961
7 years$6,998$6,528$6,089$5,678$5,295$4,768
8 years$6,061$5,596$5,164$4,764$4,393$3,889
9 years$5,333$4,872$4,448$4,057$3,699$3,218
10 years$4,751$4,295$3,878$3,498$3,152$2,693
11 years$4,275$3,823$3,414$3,044$2,711$2,274
12 years$3,879$3,432$3,030$2,670$2,349$1,934
13 years$3,544$3,101$2,707$2,357$2,049$1,654
14 years$3,257$2,819$2,432$2,092$1,796$1,422
15 years$3,008$2,575$2,196$1,866$1,581$1,227
16 years$2,791$2,363$1,991$1,671$1,397$1,063
17 years$2,600$2,176$1,812$1,501$1,239$923
18 years$2,430$2,011$1,654$1,353$1,102$804
19 years$2,278$1,863$1,514$1,222$982$701
20 years$2,141$1,732$1,389$1,107$877$613
21 years$2,018$1,613$1,278$1,005$785$536
22 years$1,906$1,506$1,178$914$704$470
23 years$1,804$1,408$1,088$832$632$413
24 years$1,710$1,319$1,006$759$568$363
25 years$1,624$1,238$932$693$511$319
26 years$1,545$1,164$864$634$460$281
27 years$1,472$1,095$802$580$415$247
28 years$1,404$1,032$746$531$374$218
29 years$1,341$973$694$487$338$192
30 years$1,282$919$646$447$305$169
31 years$1,228$869$603$411$276$149
32 years$1,176$822$562$378$250$132
33 years$1,128$779$525$347$226$116
34 years$1,083$738$491$319$205$103
35 years$1,041$700$459$294$185$91
36 years$1,001$664$429$271$168$80
37 years$963$631$402$250$152$71
38 years$927$600$376$230$138$63
39 years$893$570$352$212$125$55
40 years$861$543$330$196$114$49
41 years$831$517$310$180$103$43
42 years$802$492$290$167$93$38
43 years$775$469$273$154$85$34
44 years$749$447$256$142$77$30
45 years$724$426$240$131$70$26
46 years$700$406$226$121$63$23
47 years$677$388$212$112$58$21
48 years$656$370$199$103$52$18
49 years$635$354$187$96$48$16
50 years$615$338$176$88$43$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $630,000, adding $3,204 every year, while hoping to spend $42,438 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: 42/43/15 Blend
57$630,000$630,000$630,000$630,000
58$697,565$664,175$654,410$723,672
59$723,563$651,566$631,179$729,757
60$750,790$636,916$605,747$731,906
61$779,328$620,082$577,997$733,320
62$809,262$600,910$547,803$733,951
63$840,690$579,237$515,037$733,748
64$873,712$554,891$479,563$732,663
65$908,442$527,692$441,240$730,642
66$945,001$497,447$399,919$727,633
67$983,522$463,953$355,447$723,581
68$1,024,150$426,995$307,663$718,432
69$1,067,040$386,345$256,397$712,130
70$1,112,367$341,764$201,474$704,619
71$1,160,316$292,998$142,711$695,843
72$1,211,092$239,779$79,916$685,746
73$1,264,918$181,823$12,888$674,273
74$1,322,039$118,832$0$661,369
75$1,382,722$50,490$0$656,369
76$1,447,258$0$0$652,646
77$1,515,967$0$0$659,262
78$1,589,199$0$0$691,821
79$1,667,336$0$0$726,609
80$1,750,798$0$0$763,818
81$1,840,046$0$0$803,660
82$1,935,582$0$0$846,367
83$2,037,961$0$0$892,193
84$2,147,788$0$0$941,417
85$2,265,730$0$0$994,346
86$2,392,515$0$0$1,051,316
87$2,528,947$0$0$1,112,697
88$2,675,905$0$0$1,178,894
89$2,834,357$0$0$1,250,354
90$3,005,364$0$0$1,327,566
91$3,190,094$0$0$1,411,068
92$3,389,829$0$0$1,501,452
93$3,605,979$0$0$1,599,369
94$3,840,093$0$0$1,705,533
95$4,093,876$0$0$1,820,732
96$4,369,201$0$0$1,945,829
97$4,668,127$0$0$2,081,778
98$4,992,923$0$0$2,229,623
99$5,346,079$0$0$2,390,517
100$5,730,340$0$0$2,565,727