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%15.4%
1 years$55,741$55,244$54,760$54,287$53,825$52,631
2 years$27,594$27,081$26,582$26,100$25,631$24,434
3 years$18,214$17,697$17,201$16,722$16,261$15,099
4 years$13,524$13,009$12,518$12,047$11,598$10,479
5 years$10,711$10,200$9,714$9,254$8,816$7,744
6 years$8,836$8,329$7,851$7,400$6,976$5,952
7 years$7,498$6,994$6,524$6,084$5,673$4,697
8 years$6,494$5,996$5,533$5,104$4,707$3,778
9 years$5,714$5,220$4,765$4,347$3,964$3,082
10 years$5,091$4,601$4,155$3,747$3,377$2,542
11 years$4,581$4,096$3,658$3,261$2,905$2,114
12 years$4,156$3,677$3,246$2,861$2,517$1,771
13 years$3,797$3,323$2,900$2,526$2,195$1,491
14 years$3,489$3,020$2,606$2,242$1,924$1,261
15 years$3,223$2,759$2,353$1,999$1,694$1,070
16 years$2,991$2,531$2,133$1,790$1,497$911
17 years$2,785$2,331$1,941$1,608$1,328$778
18 years$2,603$2,154$1,772$1,450$1,180$666
19 years$2,440$1,996$1,622$1,310$1,052$571
20 years$2,294$1,855$1,489$1,186$940$490
21 years$2,162$1,728$1,369$1,077$841$421
22 years$2,042$1,613$1,262$979$754$362
23 years$1,932$1,509$1,165$892$677$312
24 years$1,832$1,414$1,078$813$608$269
25 years$1,740$1,327$998$743$547$232
26 years$1,655$1,247$926$679$493$200
27 years$1,577$1,173$860$621$444$173
28 years$1,504$1,106$799$569$401$150
29 years$1,437$1,043$744$522$362$129
30 years$1,374$985$693$479$327$112
31 years$1,315$931$646$440$296$97
32 years$1,260$881$602$404$268$84
33 years$1,209$834$563$372$242$72
34 years$1,160$791$526$342$219$63
35 years$1,115$750$491$315$199$54
36 years$1,072$712$460$290$180$47
37 years$1,032$676$430$267$163$41
38 years$993$643$403$246$148$35
39 years$957$611$378$227$134$31
40 years$923$581$354$210$122$26
41 years$890$553$332$193$110$23
42 years$859$527$311$178$100$20
43 years$830$502$292$165$91$17
44 years$802$479$274$152$82$15
45 years$775$456$257$140$75$13
46 years$750$435$242$130$68$11
47 years$726$416$227$120$62$10
48 years$702$397$213$111$56$8
49 years$680$379$201$102$51$7
50 years$659$362$189$95$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $675,000, adding $3,135 every year, while hoping to spend $41,065 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: 88/7/5 Blend
57$675,000$675,000$675,000$675,000
58$747,084$711,309$700,846$812,633
59$779,593$702,470$680,632$846,917
60$814,043$691,822$658,364$878,523
61$850,586$679,232$633,930$911,909
62$889,393$664,561$607,214$947,223
63$930,647$647,661$578,091$984,627
64$974,551$628,375$546,436$1,024,300
65$1,021,327$606,536$512,112$1,066,436
66$1,071,215$581,969$474,981$1,111,250
67$1,124,482$554,489$434,896$1,158,979
68$1,181,418$523,898$391,704$1,209,883
69$1,242,343$489,989$345,246$1,264,247
70$1,307,605$452,541$295,355$1,322,385
71$1,377,587$411,323$241,856$1,384,644
72$1,452,711$366,088$184,568$1,451,404
73$1,533,438$316,576$123,302$1,523,083
74$1,620,275$262,514$57,858$1,600,144
75$1,713,777$203,612$0$1,683,093
76$1,814,555$139,562$0$1,773,129
77$1,923,282$70,042$0$1,873,563
78$2,040,693$0$0$1,981,996
79$2,167,599$0$0$2,099,594
80$2,304,890$0$0$2,232,656
81$2,453,545$0$0$2,376,736
82$2,614,640$0$0$2,532,877
83$2,789,358$0$0$2,702,226
84$2,979,000$0$0$2,886,046
85$3,184,997$0$0$3,085,723
86$3,408,922$0$0$3,302,784
87$3,652,509$0$0$3,538,908
88$3,917,662$0$0$3,795,944
89$4,206,476$0$0$4,075,922
90$4,521,261$0$0$4,381,082
91$4,864,553$0$0$4,713,884
92$5,239,148$0$0$5,077,040
93$5,648,122$0$0$5,473,530
94$6,094,861$0$0$5,906,640
95$6,583,091$0$0$6,379,983
96$7,116,918$0$0$6,897,540
97$7,700,859$0$0$7,463,692
98$8,339,890$0$0$8,083,263
99$9,039,488$0$0$8,761,566
100$9,805,687$0$0$9,504,450