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%11.2%
1 years$59,870$59,337$58,816$58,308$57,813$57,521
2 years$29,639$29,087$28,552$28,033$27,530$27,235
3 years$19,563$19,008$18,475$17,961$17,466$17,178
4 years$14,526$13,973$13,445$12,940$12,457$12,177
5 years$11,504$10,955$10,434$9,939$9,470$9,199
6 years$9,491$8,946$8,432$7,948$7,493$7,233
7 years$8,053$7,513$7,007$6,535$6,094$5,843
8 years$6,975$6,440$5,943$5,482$5,055$4,815
9 years$6,138$5,607$5,118$4,669$4,257$4,027
10 years$5,468$4,942$4,462$4,025$3,627$3,407
11 years$4,920$4,400$3,929$3,503$3,120$2,909
12 years$4,464$3,949$3,486$3,073$2,704$2,502
13 years$4,078$3,569$3,115$2,713$2,358$2,165
14 years$3,748$3,244$2,799$2,408$2,067$1,883
15 years$3,462$2,963$2,527$2,147$1,820$1,645
16 years$3,212$2,719$2,291$1,923$1,608$1,442
17 years$2,992$2,504$2,085$1,728$1,426$1,269
18 years$2,796$2,314$1,903$1,557$1,268$1,119
19 years$2,621$2,144$1,742$1,407$1,130$989
20 years$2,464$1,993$1,599$1,274$1,009$876
21 years$2,322$1,856$1,471$1,156$903$777
22 years$2,193$1,733$1,355$1,051$810$690
23 years$2,076$1,620$1,252$958$727$614
24 years$1,968$1,518$1,157$873$653$547
25 years$1,869$1,425$1,072$798$588$488
26 years$1,778$1,339$994$729$530$435
27 years$1,694$1,260$923$668$477$389
28 years$1,616$1,188$858$612$431$347
29 years$1,543$1,120$799$561$389$311
30 years$1,476$1,058$744$515$351$278
31 years$1,413$1,000$694$473$318$249
32 years$1,354$946$647$434$287$223
33 years$1,298$896$604$400$260$200
34 years$1,246$849$565$368$236$179
35 years$1,198$806$528$338$213$161
36 years$1,151$765$494$312$193$144
37 years$1,108$726$462$287$175$129
38 years$1,067$690$433$265$159$116
39 years$1,028$656$405$244$144$104
40 years$991$624$380$225$131$94
41 years$956$594$356$208$119$84
42 years$923$566$334$192$108$75
43 years$891$539$314$177$98$68
44 years$861$514$294$163$89$61
45 years$833$490$276$151$80$55
46 years$805$468$260$139$73$49
47 years$779$446$244$129$66$44
48 years$754$426$229$119$60$40
49 years$731$407$215$110$55$36
50 years$708$389$203$102$50$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $725,000, adding $6,911 every year, while hoping to spend $24,569 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: 63/16/21 Blend
57$725,000$725,000$725,000$725,000
58$806,079$767,654$756,416$852,076
59$862,157$779,128$755,615$895,394
60$923,133$790,340$753,963$939,315
61$989,478$801,253$751,407$986,720
62$1,061,715$811,824$747,889$1,037,951
63$1,140,416$822,009$743,349$1,093,386
64$1,226,212$831,762$737,725$1,153,441
65$1,319,798$841,030$730,951$1,218,575
66$1,421,938$849,761$722,959$1,289,296
67$1,533,473$857,897$713,675$1,366,162
68$1,655,329$865,376$703,025$1,449,789
69$1,788,526$872,132$690,930$1,540,858
70$1,934,186$878,097$677,307$1,640,117
71$2,093,546$883,196$662,069$1,748,394
72$2,267,965$887,351$645,126$1,866,601
73$2,458,942$890,476$626,382$1,995,743
74$2,668,129$892,483$605,740$2,136,930
75$2,897,340$893,278$583,095$2,291,385
76$3,148,579$892,759$558,339$2,460,457
77$3,424,050$890,819$531,359$2,645,635
78$3,726,179$887,345$502,035$2,848,557
79$4,057,641$882,217$470,245$3,071,035
80$4,421,381$875,306$435,859$3,315,064
81$4,820,643$866,477$398,742$3,582,842
82$5,259,000$855,586$358,751$3,876,798
83$5,740,390$842,482$315,741$4,199,607
84$6,269,148$827,001$269,556$4,554,217
85$6,850,051$808,975$220,037$4,943,884
86$7,488,362$788,220$167,014$5,372,192
87$8,189,878$764,546$110,312$5,843,098
88$8,960,987$737,750$49,749$6,360,961
89$9,808,724$707,617$0$6,930,590
90$10,740,843$673,919$0$7,560,620
91$11,765,884$636,416$0$8,265,673
92$12,893,258$594,854$0$9,041,082
93$14,133,333$548,965$0$9,893,998
94$15,497,531$498,462$0$10,832,304
95$16,998,440$443,047$0$11,864,688
96$18,649,926$382,402$0$13,000,723
97$20,467,270$316,191$0$14,250,962
98$22,467,307$244,060$0$15,627,032
99$24,668,587$165,634$0$17,141,749
100$27,091,551$80,518$0$18,809,238