Can I retire at age 58 with 715,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$59,044$58,518$58,005$57,504$57,015$56,349
2 years$29,230$28,685$28,158$27,646$27,150$26,480
3 years$19,293$18,746$18,220$17,713$17,225$16,571
4 years$14,325$13,780$13,259$12,761$12,285$11,653
5 years$11,346$10,804$10,290$9,802$9,339$8,730
6 years$9,360$8,822$8,316$7,839$7,390$6,805
7 years$7,942$7,409$6,910$6,445$6,010$5,449
8 years$6,879$6,351$5,861$5,406$4,986$4,449
9 years$6,053$5,530$5,048$4,605$4,199$3,686
10 years$5,392$4,874$4,401$3,969$3,577$3,089
11 years$4,852$4,339$3,874$3,455$3,077$2,612
12 years$4,402$3,895$3,438$3,030$2,666$2,224
13 years$4,022$3,519$3,072$2,675$2,325$1,905
14 years$3,696$3,199$2,760$2,375$2,038$1,640
15 years$3,414$2,922$2,492$2,118$1,794$1,417
16 years$3,168$2,681$2,259$1,896$1,586$1,229
17 years$2,950$2,469$2,056$1,704$1,406$1,069
18 years$2,757$2,282$1,877$1,535$1,250$932
19 years$2,585$2,115$1,718$1,387$1,114$814
20 years$2,430$1,965$1,577$1,257$995$713
21 years$2,290$1,830$1,450$1,140$891$625
22 years$2,163$1,709$1,337$1,037$799$548
23 years$2,047$1,598$1,234$944$717$482
24 years$1,941$1,497$1,141$861$644$424
25 years$1,843$1,405$1,057$787$580$374
26 years$1,754$1,321$981$719$522$329
27 years$1,671$1,243$911$658$471$290
28 years$1,594$1,171$846$603$425$256
29 years$1,522$1,105$788$553$384$226
30 years$1,455$1,043$734$508$347$200
31 years$1,393$986$684$466$313$177
32 years$1,335$933$638$428$283$156
33 years$1,280$884$596$394$257$138
34 years$1,229$838$557$363$232$122
35 years$1,181$795$521$334$210$108
36 years$1,136$754$487$307$191$96
37 years$1,093$716$456$283$173$85
38 years$1,052$681$427$261$157$75
39 years$1,014$647$400$241$142$66
40 years$978$616$375$222$129$59
41 years$943$586$351$205$117$52
42 years$910$558$330$189$106$46
43 years$879$532$309$174$96$41
44 years$850$507$290$161$87$36
45 years$821$484$273$149$79$32
46 years$794$461$256$137$72$28
47 years$769$440$241$127$65$25
48 years$744$420$226$117$59$22
49 years$721$401$213$108$54$20
50 years$698$383$200$100$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $715,000, adding $4,803 every year, while hoping to spend $41,159 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: 23/48/29 Blend
57$715,000$715,000$715,000$715,000
58$792,884$754,989$743,907$803,796
59$829,966$748,191$725,035$806,879
60$869,450$739,680$704,151$806,420
61$911,538$729,329$681,145$805,061
62$956,452$717,003$655,900$802,756
63$1,004,433$702,559$628,296$799,457
64$1,055,747$685,846$598,205$795,117
65$1,110,684$666,703$565,496$789,690
66$1,169,562$644,960$530,028$783,130
67$1,232,732$620,438$491,659$775,391
68$1,300,578$592,947$450,237$766,430
69$1,373,520$562,284$405,603$756,205
70$1,452,022$528,238$357,593$744,676
71$1,536,590$490,584$306,034$731,808
72$1,627,783$449,083$250,747$717,569
73$1,726,212$403,484$191,543$701,929
74$1,832,553$353,521$128,226$684,869
75$1,947,543$298,914$60,592$666,372
76$2,071,996$239,365$0$646,430
77$2,206,807$174,560$0$628,633
78$2,352,957$104,170$0$629,647
79$2,511,528$27,844$0$630,802
80$2,683,708$0$0$632,213
81$2,870,805$0$0$662,953
82$3,074,256$0$0$712,482
83$3,295,644$0$0$766,493
84$3,536,710$0$0$825,426
85$3,799,369$0$0$889,764
86$4,085,730$0$0$960,038
87$4,398,113$0$0$1,036,835
88$4,739,071$0$0$1,120,800
89$5,111,416$0$0$1,212,644
90$5,518,242$0$0$1,313,147
91$5,962,957$0$0$1,423,170
92$6,449,311$0$0$1,543,663
93$6,981,435$0$0$1,675,670
94$7,563,875$0$0$1,820,339
95$8,201,640$0$0$1,978,937
96$8,900,243$0$0$2,152,860
97$9,665,758$0$0$2,343,643
98$10,504,873$0$0$2,552,979
99$11,424,954$0$0$2,782,731
100$12,434,114$0$0$3,034,951