Can I retire at age 58 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$52,438$51,971$51,515$51,070$50,636$48,742
2 years$25,959$25,476$25,007$24,553$24,112$22,226
3 years$17,134$16,649$16,181$15,731$15,298$13,479
4 years$12,723$12,239$11,776$11,334$10,911$9,172
5 years$10,076$9,595$9,139$8,705$8,294$6,641
6 years$8,313$7,835$7,385$6,962$6,563$4,996
7 years$7,053$6,580$6,137$5,724$5,337$3,856
8 years$6,110$5,640$5,205$4,801$4,428$3,031
9 years$5,376$4,911$4,483$4,090$3,729$2,415
10 years$4,789$4,329$3,908$3,525$3,177$1,944
11 years$4,309$3,854$3,441$3,068$2,732$1,577
12 years$3,910$3,459$3,054$2,691$2,368$1,287
13 years$3,572$3,126$2,728$2,376$2,065$1,055
14 years$3,283$2,841$2,451$2,109$1,810$869
15 years$3,032$2,595$2,213$1,881$1,594$717
16 years$2,813$2,381$2,007$1,684$1,409$594
17 years$2,620$2,193$1,826$1,513$1,249$493
18 years$2,449$2,027$1,667$1,364$1,110$410
19 years$2,296$1,878$1,526$1,232$990$341
20 years$2,158$1,745$1,400$1,116$884$284
21 years$2,034$1,626$1,288$1,013$791$237
22 years$1,921$1,517$1,187$921$709$198
23 years$1,818$1,419$1,096$839$637$165
24 years$1,724$1,330$1,014$765$572$138
25 years$1,637$1,248$939$699$515$116
26 years$1,557$1,173$871$639$464$97
27 years$1,484$1,104$809$585$418$81
28 years$1,415$1,040$752$536$377$68
29 years$1,352$981$700$491$341$57
30 years$1,293$927$652$451$308$47
31 years$1,237$876$607$414$278$40
32 years$1,186$829$567$381$252$33
33 years$1,137$785$529$350$228$28
34 years$1,092$744$494$322$206$23
35 years$1,049$706$462$296$187$20
36 years$1,009$670$432$273$169$16
37 years$970$636$405$251$153$14
38 years$934$605$379$232$139$12
39 years$900$575$355$214$126$10
40 years$868$547$333$197$114$8
41 years$838$521$312$182$104$7
42 years$808$496$293$168$94$6
43 years$781$472$275$155$85$5
44 years$754$450$258$143$78$4
45 years$729$429$242$132$70$3
46 years$705$410$227$122$64$3
47 years$683$391$214$113$58$2
48 years$661$373$201$104$53$2
49 years$640$356$189$96$48$2
50 years$620$340$177$89$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $635,000, adding $3,004 every year, while hoping to spend $46,430 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: 43/47/10 Blend
57$635,000$635,000$635,000$635,000
58$702,869$669,214$659,371$730,932
59$725,160$652,604$632,059$734,171
60$748,169$633,624$602,276$732,748
61$771,920$612,109$569,889$730,160
62$796,438$587,885$534,762$726,321
63$821,748$560,765$496,751$721,135
64$847,879$530,555$455,704$714,504
65$874,857$497,047$411,466$706,324
66$902,714$460,023$363,870$696,482
67$931,478$419,251$312,747$684,863
68$961,181$374,488$257,917$671,342
69$991,858$325,473$199,193$655,788
70$1,023,541$271,935$136,380$638,063
71$1,056,267$213,585$69,274$618,020
72$1,090,073$150,118$0$595,506
73$1,124,999$81,212$0$570,607
74$1,161,085$6,527$0$550,806
75$1,198,374$0$0$528,546
76$1,236,911$0$0$542,086
77$1,276,741$0$0$559,573
78$1,317,915$0$0$577,652
79$1,360,483$0$0$596,348
80$1,404,500$0$0$615,683
81$1,450,022$0$0$635,684
82$1,497,108$0$0$656,376
83$1,545,821$0$0$677,789
84$1,596,227$0$0$699,951
85$1,648,396$0$0$722,894
86$1,702,401$0$0$746,650
87$1,758,319$0$0$771,256
88$1,816,232$0$0$796,748
89$1,876,227$0$0$823,165
90$1,938,396$0$0$850,548
91$2,002,836$0$0$878,942
92$2,069,651$0$0$908,394
93$2,138,951$0$0$938,954
94$2,210,852$0$0$970,675
95$2,285,480$0$0$1,003,614
96$2,362,967$0$0$1,037,831
97$2,443,455$0$0$1,073,392
98$2,527,097$0$0$1,110,366
99$2,614,053$0$0$1,148,827
100$2,704,499$0$0$1,188,854