Can I retire at age 58 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$55,741$55,244$54,760$54,287$53,825$52,999
2 years$27,594$27,081$26,582$26,100$25,631$24,801
3 years$18,214$17,697$17,201$16,722$16,261$15,453
4 years$13,524$13,009$12,518$12,047$11,598$10,817
5 years$10,711$10,200$9,714$9,254$8,816$8,066
6 years$8,836$8,329$7,851$7,400$6,976$6,256
7 years$7,498$6,994$6,524$6,084$5,673$4,985
8 years$6,494$5,996$5,533$5,104$4,707$4,049
9 years$5,714$5,220$4,765$4,347$3,964$3,337
10 years$5,091$4,601$4,155$3,747$3,377$2,781
11 years$4,581$4,096$3,658$3,261$2,905$2,338
12 years$4,156$3,677$3,246$2,861$2,517$1,980
13 years$3,797$3,323$2,900$2,526$2,195$1,686
14 years$3,489$3,020$2,606$2,242$1,924$1,442
15 years$3,223$2,759$2,353$1,999$1,694$1,239
16 years$2,991$2,531$2,133$1,790$1,497$1,068
17 years$2,785$2,331$1,941$1,608$1,328$923
18 years$2,603$2,154$1,772$1,450$1,180$799
19 years$2,440$1,996$1,622$1,310$1,052$694
20 years$2,294$1,855$1,489$1,186$940$603
21 years$2,162$1,728$1,369$1,077$841$525
22 years$2,042$1,613$1,262$979$754$458
23 years$1,932$1,509$1,165$892$677$400
24 years$1,832$1,414$1,078$813$608$349
25 years$1,740$1,327$998$743$547$305
26 years$1,655$1,247$926$679$493$267
27 years$1,577$1,173$860$621$444$234
28 years$1,504$1,106$799$569$401$205
29 years$1,437$1,043$744$522$362$180
30 years$1,374$985$693$479$327$158
31 years$1,315$931$646$440$296$138
32 years$1,260$881$602$404$268$121
33 years$1,209$834$563$372$242$106
34 years$1,160$791$526$342$219$93
35 years$1,115$750$491$315$199$82
36 years$1,072$712$460$290$180$72
37 years$1,032$676$430$267$163$63
38 years$993$643$403$246$148$56
39 years$957$611$378$227$134$49
40 years$923$581$354$210$122$43
41 years$890$553$332$193$110$38
42 years$859$527$311$178$100$33
43 years$830$502$292$165$91$29
44 years$802$479$274$152$82$26
45 years$775$456$257$140$75$23
46 years$750$435$242$130$68$20
47 years$726$416$227$120$62$17
48 years$702$397$213$111$56$15
49 years$680$379$201$102$51$13
50 years$659$362$189$95$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $675,000, adding $3,610 every year, while hoping to spend $50,676 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: 44/44/12 Blend
57$675,000$675,000$675,000$675,000
58$747,574$711,799$701,336$777,739
59$769,907$692,758$670,912$780,068
60$792,821$671,086$637,770$777,184
61$816,319$646,600$601,766$772,935
62$840,407$619,107$562,749$767,213
63$865,088$588,403$520,561$759,908
64$890,364$554,271$475,036$750,899
65$916,235$516,484$426,004$740,061
66$942,698$474,799$373,282$727,258
67$969,751$428,962$316,685$712,348
68$997,386$378,701$256,014$695,179
69$1,025,595$323,733$191,066$675,589
70$1,054,365$263,755$121,626$653,407
71$1,083,680$198,450$47,471$628,451
72$1,113,522$127,480$0$600,526
73$1,143,865$50,490$0$573,483
74$1,174,681$0$0$549,799
75$1,205,937$0$0$539,114
76$1,237,590$0$0$553,026
77$1,269,595$0$0$567,062
78$1,301,896$0$0$581,195
79$1,334,430$0$0$595,393
80$1,367,124$0$0$609,619
81$1,399,895$0$0$623,831
82$1,432,649$0$0$637,981
83$1,465,278$0$0$652,017
84$1,497,659$0$0$665,876
85$1,529,655$0$0$679,491
86$1,561,111$0$0$692,784
87$1,591,852$0$0$705,668
88$1,621,680$0$0$718,046
89$1,650,376$0$0$729,809
90$1,677,692$0$0$740,836
91$1,703,353$0$0$750,990
92$1,727,048$0$0$760,119
93$1,748,434$0$0$768,054
94$1,767,126$0$0$774,606
95$1,782,696$0$0$779,565
96$1,794,667$0$0$782,697
97$1,802,508$0$0$783,743
98$1,805,629$0$0$782,413
99$1,803,376$0$0$778,388
100$1,795,020$0$0$771,312