Can I retire at age 58 with 684,000?

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 $684,000?

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$56,484$55,981$55,490$55,011$54,543$53,333
2 years$27,962$27,442$26,937$26,448$25,973$24,760
3 years$18,456$17,933$17,430$16,945$16,478$15,300
4 years$13,704$13,183$12,685$12,208$11,752$10,619
5 years$10,854$10,336$9,844$9,377$8,934$7,848
6 years$8,954$8,440$7,955$7,499$7,069$6,031
7 years$7,598$7,088$6,611$6,165$5,749$4,760
8 years$6,581$6,075$5,606$5,172$4,769$3,829
9 years$5,790$5,290$4,829$4,405$4,017$3,123
10 years$5,158$4,663$4,210$3,797$3,422$2,576
11 years$4,642$4,151$3,706$3,305$2,943$2,142
12 years$4,211$3,726$3,289$2,899$2,551$1,794
13 years$3,848$3,367$2,939$2,559$2,224$1,511
14 years$3,536$3,060$2,640$2,272$1,950$1,278
15 years$3,266$2,796$2,384$2,026$1,717$1,085
16 years$3,030$2,565$2,161$1,814$1,517$924
17 years$2,823$2,362$1,967$1,630$1,345$789
18 years$2,638$2,183$1,795$1,469$1,196$675
19 years$2,473$2,023$1,644$1,327$1,066$578
20 years$2,325$1,880$1,508$1,202$952$496
21 years$2,191$1,751$1,388$1,091$852$427
22 years$2,069$1,635$1,279$992$764$367
23 years$1,958$1,529$1,181$903$686$316
24 years$1,857$1,432$1,092$824$616$273
25 years$1,763$1,344$1,011$752$555$235
26 years$1,678$1,263$938$688$500$203
27 years$1,598$1,189$871$630$450$175
28 years$1,524$1,120$810$577$406$152
29 years$1,456$1,057$754$529$367$131
30 years$1,392$998$702$486$332$113
31 years$1,333$944$654$446$300$98
32 years$1,277$893$611$410$271$85
33 years$1,225$846$570$377$245$73
34 years$1,176$801$533$347$222$64
35 years$1,130$760$498$319$201$55
36 years$1,086$721$466$294$182$48
37 years$1,045$685$436$271$165$41
38 years$1,007$651$408$250$150$36
39 years$970$619$383$230$136$31
40 years$935$589$359$212$123$27
41 years$902$561$336$196$112$23
42 years$871$534$315$181$101$20
43 years$841$509$296$167$92$17
44 years$813$485$278$154$84$15
45 years$786$463$261$142$76$13
46 years$760$441$245$131$69$11
47 years$735$421$230$121$63$10
48 years$712$402$216$112$57$8
49 years$689$384$203$104$52$7
50 years$668$367$191$96$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $684,000, adding $6,163 every year, while hoping to spend $20,071 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: 78/13/9 Blend
57$684,000$684,000$684,000$684,000
58$760,125$723,873$713,271$817,867
59$816,303$737,988$715,810$870,781
60$877,537$752,121$717,762$925,585
61$944,324$766,253$719,085$985,104
62$1,017,207$780,361$719,737$1,049,800
63$1,096,787$794,423$719,672$1,120,180
64$1,183,721$808,412$718,843$1,196,804
65$1,278,738$822,302$717,201$1,280,288
66$1,382,636$836,061$714,694$1,371,309
67$1,496,295$849,659$711,267$1,470,617
68$1,620,686$863,061$706,864$1,579,033
69$1,756,876$876,230$701,423$1,697,465
70$1,906,039$889,128$694,883$1,826,912
71$2,069,471$901,711$687,177$1,968,475
72$2,248,597$913,935$678,238$2,123,366
73$2,444,987$925,751$667,992$2,292,923
74$2,660,371$937,107$656,364$2,478,618
75$2,896,652$947,949$643,276$2,682,072
76$3,155,929$958,217$628,645$2,905,074
77$3,440,513$967,849$612,383$3,149,593
78$3,752,949$976,777$594,401$3,417,800
79$4,096,040$984,929$574,604$3,712,086
80$4,472,876$992,231$552,894$4,035,087
81$4,886,859$998,600$529,165$4,389,706
82$5,341,737$1,003,950$503,311$4,779,144
83$5,841,641$1,008,189$475,218$5,206,928
84$6,391,118$1,011,220$444,767$5,676,944
85$6,995,181$1,012,940$411,836$6,193,474
86$7,659,352$1,013,236$376,295$6,761,237
87$8,389,714$1,011,993$338,010$7,385,435
88$9,192,971$1,009,086$296,838$8,071,798
89$10,076,505$1,004,383$252,634$8,826,644
90$11,048,455$997,744$205,243$9,656,931
91$12,117,784$989,020$154,506$10,570,331
92$13,294,370$978,054$100,254$11,575,297
93$14,589,096$964,678$42,312$12,681,144
94$16,013,952$948,717$0$13,898,139
95$17,582,153$929,981$0$15,239,471
96$19,308,255$908,272$0$16,720,191
97$21,208,300$883,381$0$18,349,991
98$23,299,964$855,084$0$20,144,034
99$25,602,723$823,146$0$22,119,028
100$28,138,037$787,317$0$24,293,388