Can I retire at age 58 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$55,245$54,753$54,273$53,805$53,347$52,270
2 years$27,349$26,840$26,346$25,868$25,403$24,323
3 years$18,052$17,540$17,048$16,574$16,117$15,067
4 years$13,404$12,894$12,406$11,940$11,495$10,483
5 years$10,616$10,109$9,628$9,171$8,738$7,768
6 years$8,758$8,255$7,781$7,334$6,914$5,986
7 years$7,431$6,932$6,466$6,030$5,623$4,738
8 years$6,437$5,942$5,484$5,058$4,665$3,822
9 years$5,664$5,174$4,723$4,309$3,929$3,127
10 years$5,045$4,560$4,118$3,714$3,347$2,587
11 years$4,540$4,060$3,625$3,232$2,879$2,159
12 years$4,119$3,644$3,217$2,835$2,495$1,813
13 years$3,763$3,293$2,874$2,503$2,175$1,532
14 years$3,458$2,993$2,583$2,222$1,907$1,300
15 years$3,195$2,734$2,332$1,982$1,679$1,108
16 years$2,964$2,509$2,114$1,774$1,484$947
17 years$2,761$2,311$1,924$1,594$1,316$811
18 years$2,580$2,135$1,756$1,437$1,170$696
19 years$2,419$1,979$1,608$1,298$1,043$599
20 years$2,274$1,839$1,475$1,176$931$516
21 years$2,143$1,713$1,357$1,067$834$446
22 years$2,024$1,599$1,251$970$747$385
23 years$1,915$1,495$1,155$884$671$333
24 years$1,816$1,401$1,068$806$603$288
25 years$1,725$1,315$989$736$542$250
26 years$1,641$1,236$917$673$489$216
27 years$1,563$1,163$852$616$441$188
28 years$1,491$1,096$792$564$397$163
29 years$1,424$1,034$737$518$359$141
30 years$1,362$976$686$475$324$123
31 years$1,304$923$640$436$293$107
32 years$1,249$873$597$401$265$93
33 years$1,198$827$558$369$240$80
34 years$1,150$784$521$339$217$70
35 years$1,105$743$487$312$197$61
36 years$1,063$706$456$288$178$53
37 years$1,022$670$426$265$162$46
38 years$985$637$399$244$147$40
39 years$949$606$374$225$133$35
40 years$915$576$351$208$121$30
41 years$882$548$329$192$109$26
42 years$852$522$308$177$99$23
43 years$823$498$289$163$90$20
44 years$795$474$272$151$82$17
45 years$768$452$255$139$74$15
46 years$743$432$240$129$67$13
47 years$719$412$225$119$61$11
48 years$696$393$212$110$56$10
49 years$674$375$199$101$50$9
50 years$653$359$187$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $669,000, adding $2,880 every year, while hoping to spend $41,063 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: 64/15/21 Blend
57$669,000$669,000$669,000$669,000
58$740,209$704,752$694,382$783,416
59$772,019$695,594$673,953$803,694
60$805,698$684,611$651,464$820,947
61$841,393$671,670$626,801$838,846
62$879,264$656,631$599,848$857,456
63$919,488$639,345$570,482$876,852
64$962,256$619,653$538,573$897,116
65$1,007,780$597,390$503,989$918,342
66$1,056,289$572,378$466,589$940,634
67$1,108,036$544,430$426,225$964,108
68$1,163,298$513,349$382,746$988,897
69$1,222,377$478,926$335,990$1,015,145
70$1,285,605$440,939$285,792$1,043,016
71$1,353,347$399,155$231,976$1,072,693
72$1,426,002$353,327$174,360$1,104,378
73$1,504,008$303,194$112,755$1,138,299
74$1,587,846$248,479$46,962$1,174,709
75$1,678,043$188,893$0$1,213,888
76$1,775,181$124,125$0$1,261,362
77$1,879,895$53,853$0$1,323,837
78$1,992,884$0$0$1,391,218
79$2,114,918$0$0$1,467,666
80$2,246,840$0$0$1,559,954
81$2,389,578$0$0$1,659,846
82$2,544,152$0$0$1,768,062
83$2,711,685$0$0$1,885,391
84$2,893,409$0$0$2,012,704
85$3,090,680$0$0$2,150,955
86$3,304,990$0$0$2,301,195
87$3,537,981$0$0$2,464,582
88$3,791,457$0$0$2,642,386
89$4,067,404$0$0$2,836,010
90$4,368,009$0$0$3,046,991
91$4,695,675$0$0$3,277,027
92$5,053,051$0$0$3,527,983
93$5,443,049$0$0$3,801,912
94$5,868,876$0$0$4,101,075
95$6,334,063$0$0$4,427,961
96$6,842,496$0$0$4,785,310
97$7,398,453$0$0$5,176,137
98$8,006,645$0$0$5,603,765
99$8,672,259$0$0$6,071,850
100$9,401,008$0$0$6,584,419