Can I retire at age 58 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$59,870$59,337$58,816$58,308$57,813$55,761
2 years$29,639$29,087$28,552$28,033$27,530$25,485
3 years$19,563$19,008$18,475$17,961$17,466$15,492
4 years$14,526$13,973$13,445$12,940$12,457$10,569
5 years$11,504$10,955$10,434$9,939$9,470$7,672
6 years$9,491$8,946$8,432$7,948$7,493$5,788
7 years$8,053$7,513$7,007$6,535$6,094$4,480
8 years$6,975$6,440$5,943$5,482$5,055$3,532
9 years$6,138$5,607$5,118$4,669$4,257$2,823
10 years$5,468$4,942$4,462$4,025$3,627$2,279
11 years$4,920$4,400$3,929$3,503$3,120$1,855
12 years$4,464$3,949$3,486$3,073$2,704$1,519
13 years$4,078$3,569$3,115$2,713$2,358$1,250
14 years$3,748$3,244$2,799$2,408$2,067$1,032
15 years$3,462$2,963$2,527$2,147$1,820$856
16 years$3,212$2,719$2,291$1,923$1,608$711
17 years$2,992$2,504$2,085$1,728$1,426$592
18 years$2,796$2,314$1,903$1,557$1,268$494
19 years$2,621$2,144$1,742$1,407$1,130$413
20 years$2,464$1,993$1,599$1,274$1,009$345
21 years$2,322$1,856$1,471$1,156$903$289
22 years$2,193$1,733$1,355$1,051$810$242
23 years$2,076$1,620$1,252$958$727$203
24 years$1,968$1,518$1,157$873$653$171
25 years$1,869$1,425$1,072$798$588$143
26 years$1,778$1,339$994$729$530$120
27 years$1,694$1,260$923$668$477$101
28 years$1,616$1,188$858$612$431$85
29 years$1,543$1,120$799$561$389$71
30 years$1,476$1,058$744$515$351$60
31 years$1,413$1,000$694$473$318$50
32 years$1,354$946$647$434$287$42
33 years$1,298$896$604$400$260$36
34 years$1,246$849$565$368$236$30
35 years$1,198$806$528$338$213$25
36 years$1,151$765$494$312$193$21
37 years$1,108$726$462$287$175$18
38 years$1,067$690$433$265$159$15
39 years$1,028$656$405$244$144$13
40 years$991$624$380$225$131$11
41 years$956$594$356$208$119$9
42 years$923$566$334$192$108$8
43 years$891$539$314$177$98$6
44 years$861$514$294$163$89$5
45 years$833$490$276$151$80$5
46 years$805$468$260$139$73$4
47 years$779$446$244$129$66$3
48 years$754$426$229$119$60$3
49 years$731$407$215$110$55$2
50 years$708$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $725,000, adding $2,862 every year, while hoping to spend $51,143 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: 47/29/24 Blend
57$725,000$725,000$725,000$725,000
58$801,902$763,477$752,240$833,973
59$829,280$746,472$723,024$839,760
60$857,737$726,919$691,115$840,756
61$887,328$704,640$656,370$840,811
62$918,114$679,446$618,636$839,861
63$950,159$651,136$577,758$837,838
64$983,532$619,498$533,569$834,674
65$1,018,307$584,308$485,899$830,297
66$1,054,564$545,330$434,567$824,631
67$1,092,390$502,311$379,385$817,598
68$1,131,878$454,988$320,158$809,118
69$1,173,127$403,080$256,681$799,106
70$1,216,247$346,292$188,741$787,476
71$1,261,353$284,309$116,113$774,137
72$1,308,574$216,803$38,565$758,998
73$1,358,045$143,424$0$741,963
74$1,409,917$63,802$0$734,251
75$1,464,350$0$0$735,720
76$1,521,520$0$0$743,613
77$1,581,618$0$0$773,340
78$1,644,849$0$0$804,646
79$1,711,440$0$0$837,647
80$1,781,636$0$0$872,468
81$1,855,705$0$0$909,246
82$1,933,937$0$0$948,131
83$2,016,651$0$0$989,286
84$2,104,194$0$0$1,032,888
85$2,196,944$0$0$1,079,133
86$2,295,315$0$0$1,128,232
87$2,399,760$0$0$1,180,420
88$2,510,774$0$0$1,235,949
89$2,628,897$0$0$1,295,099
90$2,754,723$0$0$1,358,174
91$2,888,900$0$0$1,425,508
92$3,032,139$0$0$1,497,468
93$3,185,218$0$0$1,574,454
94$3,348,991$0$0$1,656,907
95$3,524,393$0$0$1,745,308
96$3,712,451$0$0$1,840,188
97$3,914,292$0$0$1,942,126
98$4,131,149$0$0$2,051,760
99$4,364,381$0$0$2,169,790
100$4,615,476$0$0$2,296,985