Can I retire at age 58 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$54,998$54,508$54,030$53,563$53,108$52,707
2 years$27,227$26,719$26,228$25,752$25,289$24,885
3 years$17,971$17,461$16,971$16,499$16,045$15,650
4 years$13,344$12,836$12,351$11,887$11,443$11,060
5 years$10,568$10,064$9,585$9,130$8,699$8,330
6 years$8,719$8,218$7,746$7,302$6,883$6,528
7 years$7,398$6,901$6,437$6,003$5,598$5,256
8 years$6,408$5,916$5,459$5,036$4,644$4,317
9 years$5,638$5,151$4,702$4,289$3,911$3,597
10 years$5,023$4,540$4,099$3,697$3,332$3,033
11 years$4,520$4,042$3,609$3,218$2,866$2,580
12 years$4,101$3,628$3,203$2,823$2,483$2,211
13 years$3,746$3,278$2,861$2,492$2,166$1,906
14 years$3,443$2,980$2,571$2,212$1,898$1,651
15 years$3,180$2,722$2,321$1,973$1,672$1,437
16 years$2,951$2,498$2,105$1,766$1,477$1,255
17 years$2,748$2,300$1,915$1,587$1,310$1,099
18 years$2,569$2,125$1,748$1,430$1,165$965
19 years$2,408$1,970$1,600$1,292$1,038$849
20 years$2,264$1,830$1,469$1,170$927$749
21 years$2,133$1,705$1,351$1,062$830$661
22 years$2,015$1,592$1,245$966$744$585
23 years$1,907$1,489$1,150$880$668$518
24 years$1,808$1,395$1,063$802$600$459
25 years$1,717$1,309$985$733$540$408
26 years$1,633$1,230$913$670$486$362
27 years$1,556$1,158$848$613$439$322
28 years$1,484$1,091$788$562$396$286
29 years$1,418$1,029$734$515$357$255
30 years$1,356$972$683$473$323$227
31 years$1,298$919$637$434$292$202
32 years$1,244$869$594$399$264$180
33 years$1,193$823$555$367$239$161
34 years$1,145$780$519$338$216$143
35 years$1,100$740$485$311$196$128
36 years$1,058$702$454$286$178$114
37 years$1,018$667$425$264$161$102
38 years$980$634$398$243$146$91
39 years$944$603$372$224$132$81
40 years$911$574$349$207$120$73
41 years$878$546$327$191$109$65
42 years$848$520$307$176$99$58
43 years$819$495$288$163$90$52
44 years$791$472$270$150$81$46
45 years$765$450$254$139$74$41
46 years$740$430$239$128$67$37
47 years$716$410$224$118$61$33
48 years$693$391$211$109$55$30
49 years$671$374$198$101$50$26
50 years$650$357$186$93$46$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $666,000, adding $6,817 every year, while hoping to spend $51,253 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: 52/25/23 Blend
57$666,000$666,000$666,000$666,000
58$740,964$705,666$695,343$774,436
59$762,009$685,711$664,104$778,331
60$783,484$663,060$630,101$776,739
61$805,376$637,527$593,187$773,943
62$827,675$608,916$553,208$769,848
63$850,362$577,017$510,005$764,351
64$873,419$541,611$463,410$757,345
65$896,822$502,464$413,249$748,712
66$920,542$459,330$359,337$738,329
67$944,548$411,947$301,486$726,063
68$968,801$360,042$239,494$711,774
69$993,257$303,322$173,156$695,310
70$1,017,865$241,480$102,252$676,510
71$1,042,567$174,193$26,557$655,202
72$1,067,296$101,115$0$631,202
73$1,091,976$21,886$0$617,620
74$1,116,523$0$0$608,758
75$1,140,837$0$0$615,502
76$1,164,811$0$0$628,035
77$1,188,319$0$0$640,264
78$1,211,223$0$0$652,107
79$1,233,367$0$0$663,474
80$1,254,575$0$0$674,264
81$1,274,652$0$0$684,362
82$1,293,378$0$0$693,641
83$1,310,508$0$0$701,961
84$1,325,770$0$0$709,163
85$1,338,858$0$0$715,071
86$1,349,435$0$0$719,488
87$1,357,121$0$0$722,199
88$1,361,498$0$0$722,959
89$1,362,098$0$0$721,500
90$1,358,405$0$0$717,524
91$1,349,841$0$0$710,699
92$1,335,770$0$0$700,657
93$1,315,484$0$0$686,991
94$1,288,197$0$0$669,249
95$1,253,041$0$0$646,932
96$1,209,053$0$0$619,485
97$1,155,166$0$0$586,295
98$1,090,201$0$0$546,684
99$1,012,851$0$0$499,901
100$921,673$0$0$445,116