Can I retire at age 58 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$56,319$55,817$55,328$54,850$54,384$53,883
2 years$27,881$27,361$26,858$26,370$25,897$25,393
3 years$18,402$17,881$17,379$16,896$16,430$15,938
4 years$13,664$13,144$12,647$12,172$11,718$11,241
5 years$10,822$10,305$9,815$9,350$8,908$8,448
6 years$8,928$8,415$7,932$7,477$7,049$6,606
7 years$7,576$7,067$6,591$6,147$5,732$5,308
8 years$6,562$6,058$5,590$5,157$4,756$4,349
9 years$5,774$5,274$4,815$4,392$4,005$3,616
10 years$5,143$4,649$4,198$3,786$3,412$3,041
11 years$4,628$4,139$3,696$3,295$2,935$2,580
12 years$4,199$3,715$3,280$2,890$2,543$2,206
13 years$3,836$3,357$2,930$2,552$2,218$1,897
14 years$3,526$3,051$2,633$2,265$1,944$1,639
15 years$3,257$2,788$2,377$2,020$1,712$1,422
16 years$3,022$2,558$2,155$1,809$1,513$1,238
17 years$2,814$2,355$1,961$1,625$1,341$1,082
18 years$2,630$2,177$1,790$1,465$1,193$947
19 years$2,466$2,017$1,639$1,323$1,063$831
20 years$2,318$1,874$1,504$1,199$950$731
21 years$2,184$1,746$1,383$1,088$850$643
22 years$2,063$1,630$1,275$989$762$567
23 years$1,952$1,524$1,177$901$684$501
24 years$1,851$1,428$1,089$822$615$443
25 years$1,758$1,340$1,008$750$553$392
26 years$1,673$1,260$935$686$498$347
27 years$1,593$1,185$868$628$449$308
28 years$1,520$1,117$807$575$405$273
29 years$1,452$1,054$751$528$366$242
30 years$1,388$995$700$484$331$215
31 years$1,329$941$652$445$299$191
32 years$1,273$890$609$409$270$169
33 years$1,221$843$568$376$245$151
34 years$1,172$799$531$346$222$134
35 years$1,127$758$497$318$201$119
36 years$1,083$719$464$293$182$106
37 years$1,042$683$435$270$165$94
38 years$1,004$649$407$249$149$84
39 years$967$617$381$230$135$75
40 years$932$587$358$212$123$66
41 years$900$559$335$195$111$59
42 years$868$533$314$180$101$53
43 years$839$507$295$166$92$47
44 years$810$484$277$154$83$42
45 years$783$461$260$142$76$37
46 years$758$440$244$131$69$33
47 years$733$420$229$121$62$30
48 years$710$401$216$112$57$26
49 years$687$383$203$103$51$23
50 years$666$366$191$96$47$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $682,000, adding $3,485 every year, while hoping to spend $24,101 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: 39/31/30 Blend
57$682,000$682,000$682,000$682,000
58$755,159$719,013$708,442$777,787
59$806,542$728,601$706,531$804,297
60$862,358$737,852$703,749$830,483
61$923,034$746,722$700,040$858,350
62$989,040$755,168$695,348$888,065
63$1,060,892$763,141$689,612$919,818
64$1,139,158$770,590$682,769$953,815
65$1,224,464$777,461$674,754$990,289
66$1,317,499$783,696$665,497$1,029,494
67$1,419,019$789,232$654,927$1,071,713
68$1,529,859$794,005$642,967$1,117,262
69$1,650,937$797,943$629,539$1,166,485
70$1,783,264$800,973$614,560$1,219,769
71$1,927,951$803,016$597,942$1,277,539
72$2,086,225$803,986$579,596$1,340,265
73$2,259,434$803,796$559,426$1,408,470
74$2,449,063$802,349$537,334$1,482,730
75$2,656,749$799,544$513,216$1,563,682
76$2,884,291$795,276$486,962$1,652,034
77$3,133,674$789,430$458,461$1,748,565
78$3,407,082$781,886$427,593$1,854,138
79$3,706,922$772,516$394,235$1,969,708
80$4,035,844$761,185$358,257$2,096,330
81$4,396,766$747,749$319,525$2,235,170
82$4,792,905$732,057$277,898$2,387,517
83$5,227,801$713,947$233,227$2,554,794
84$5,705,356$693,250$185,359$2,738,577
85$6,229,867$669,785$134,134$2,940,602
86$6,806,070$643,360$79,384$3,162,792
87$7,439,179$613,775$20,933$3,407,268
88$8,134,941$580,815$0$3,676,372
89$8,899,684$544,254$0$3,985,960
90$9,740,383$503,854$0$4,333,636
91$10,664,721$459,362$0$4,715,912
92$11,681,162$410,510$0$5,136,338
93$12,799,032$357,017$0$5,598,830
94$14,028,606$298,583$0$6,107,706
95$15,381,205$234,895$0$6,667,729
96$16,869,302$165,619$0$7,284,151
97$18,506,640$90,404$0$7,962,764
98$20,308,362$8,878$0$8,709,953
99$22,291,152$0$0$9,532,762
100$24,473,394$0$0$10,466,025