Can I retire at age 58 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$53,842$53,362$52,894$52,437$51,991$50,673
2 years$26,654$26,158$25,677$25,210$24,758$23,438
3 years$17,593$17,094$16,615$16,152$15,707$14,427
4 years$13,063$12,566$12,091$11,637$11,203$9,973
5 years$10,346$9,852$9,383$8,938$8,516$7,339
6 years$8,535$8,045$7,583$7,148$6,738$5,616
7 years$7,242$6,756$6,302$5,877$5,480$4,412
8 years$6,273$5,791$5,344$4,930$4,546$3,532
9 years$5,520$5,042$4,603$4,199$3,829$2,868
10 years$4,917$4,445$4,013$3,620$3,262$2,353
11 years$4,425$3,957$3,533$3,150$2,806$1,947
12 years$4,014$3,551$3,135$2,763$2,431$1,622
13 years$3,668$3,209$2,801$2,439$2,120$1,359
14 years$3,371$2,917$2,517$2,165$1,858$1,143
15 years$3,113$2,665$2,272$1,931$1,636$965
16 years$2,889$2,445$2,060$1,729$1,446$817
17 years$2,690$2,252$1,875$1,554$1,282$693
18 years$2,515$2,081$1,711$1,400$1,140$590
19 years$2,357$1,928$1,567$1,265$1,016$503
20 years$2,216$1,792$1,438$1,146$908$429
21 years$2,088$1,669$1,323$1,040$812$366
22 years$1,972$1,558$1,219$946$728$313
23 years$1,867$1,457$1,126$861$654$268
24 years$1,770$1,365$1,041$785$587$230
25 years$1,681$1,281$964$717$529$197
26 years$1,599$1,204$894$656$476$169
27 years$1,523$1,133$830$600$429$145
28 years$1,453$1,068$772$550$387$124
29 years$1,388$1,007$718$504$350$107
30 years$1,327$951$669$463$316$92
31 years$1,270$899$624$425$286$79
32 years$1,217$851$582$391$258$68
33 years$1,168$806$543$359$234$58
34 years$1,121$764$508$331$212$50
35 years$1,077$725$475$304$192$43
36 years$1,036$688$444$280$174$37
37 years$996$653$416$258$158$32
38 years$959$621$389$238$143$27
39 years$925$590$365$219$130$24
40 years$891$562$342$202$117$20
41 years$860$535$320$187$107$17
42 years$830$509$301$172$97$15
43 years$802$485$282$159$88$13
44 years$775$462$265$147$80$11
45 years$749$441$249$136$72$10
46 years$724$421$234$125$66$8
47 years$701$401$219$116$60$7
48 years$679$383$206$107$54$6
49 years$657$366$194$99$49$5
50 years$637$350$182$91$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $652,000, adding $3,442 every year, while hoping to spend $49,459 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: 33/47/20 Blend
57$652,000$652,000$652,000$652,000
58$722,054$687,498$677,392$741,332
59$743,080$668,562$647,461$737,016
60$764,592$647,040$614,869$727,596
61$786,589$622,753$579,476$716,414
62$809,066$595,513$541,133$703,344
63$832,016$565,118$499,687$688,253
64$855,431$531,358$454,975$671,000
65$879,298$494,008$406,830$651,436
66$903,603$452,831$355,075$629,402
67$928,327$407,576$299,527$604,730
68$953,449$357,980$239,993$577,243
69$978,942$303,762$176,274$546,750
70$1,004,775$244,627$108,160$513,054
71$1,030,911$180,263$35,433$475,940
72$1,057,308$110,339$0$435,184
73$1,083,916$34,509$0$399,549
74$1,110,680$0$0$368,435
75$1,137,534$0$0$358,673
76$1,164,404$0$0$366,712
77$1,191,207$0$0$374,672
78$1,217,847$0$0$382,517
79$1,244,215$0$0$390,204
80$1,270,191$0$0$397,689
81$1,295,637$0$0$404,920
82$1,320,399$0$0$411,838
83$1,344,304$0$0$418,378
84$1,367,157$0$0$424,469
85$1,388,743$0$0$430,028
86$1,408,817$0$0$434,966
87$1,427,109$0$0$439,181
88$1,443,317$0$0$442,561
89$1,457,103$0$0$444,982
90$1,468,092$0$0$446,304
91$1,475,867$0$0$446,372
92$1,479,962$0$0$445,016
93$1,479,862$0$0$442,044
94$1,474,994$0$0$437,246
95$1,464,721$0$0$430,387
96$1,448,338$0$0$421,207
97$1,425,061$0$0$409,419
98$1,394,023$0$0$394,704
99$1,354,263$0$0$376,709
100$1,304,716$0$0$355,044