Can I retire at age 58 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$59,952$59,418$58,897$58,389$57,892$57,145
2 years$29,679$29,127$28,591$28,072$27,568$26,816
3 years$19,590$19,035$18,500$17,986$17,490$16,757
4 years$14,546$13,992$13,463$12,958$12,474$11,766
5 years$11,520$10,970$10,448$9,953$9,483$8,801
6 years$9,504$8,958$8,444$7,959$7,503$6,849
7 years$8,064$7,523$7,017$6,544$6,102$5,475
8 years$6,985$6,449$5,951$5,489$5,062$4,463
9 years$6,146$5,615$5,125$4,676$4,263$3,691
10 years$5,475$4,949$4,468$4,031$3,632$3,087
11 years$4,927$4,406$3,934$3,508$3,124$2,605
12 years$4,470$3,954$3,491$3,077$2,707$2,214
13 years$4,084$3,574$3,119$2,716$2,361$1,893
14 years$3,753$3,248$2,803$2,411$2,069$1,626
15 years$3,467$2,967$2,530$2,150$1,822$1,402
16 years$3,216$2,723$2,294$1,925$1,610$1,214
17 years$2,996$2,507$2,088$1,730$1,428$1,053
18 years$2,800$2,317$1,906$1,559$1,270$916
19 years$2,625$2,147$1,745$1,409$1,132$799
20 years$2,467$1,995$1,601$1,276$1,011$698
21 years$2,325$1,859$1,473$1,158$905$610
22 years$2,196$1,735$1,357$1,053$811$535
23 years$2,078$1,623$1,253$959$728$469
24 years$1,971$1,520$1,159$875$654$412
25 years$1,872$1,427$1,074$799$589$362
26 years$1,781$1,341$996$730$530$318
27 years$1,696$1,262$925$668$478$280
28 years$1,618$1,189$859$612$431$246
29 years$1,545$1,122$800$562$390$217
30 years$1,478$1,059$745$515$352$191
31 years$1,415$1,002$695$473$318$168
32 years$1,356$948$648$435$288$149
33 years$1,300$897$605$400$260$131
34 years$1,248$851$565$368$236$116
35 years$1,199$807$529$339$214$102
36 years$1,153$766$494$312$194$90
37 years$1,110$727$463$288$175$80
38 years$1,068$691$433$265$159$70
39 years$1,029$657$406$244$144$62
40 years$993$625$381$225$131$55
41 years$958$595$357$208$119$48
42 years$924$567$335$192$108$43
43 years$893$540$314$177$98$38
44 years$863$515$295$164$89$33
45 years$834$491$277$151$81$30
46 years$807$468$260$140$73$26
47 years$780$447$244$129$66$23
48 years$756$427$230$119$60$20
49 years$732$407$216$110$55$18
50 years$709$389$203$102$50$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $726,000, adding $5,372 every year, while hoping to spend $40,172 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: 39/37/24 Blend
57$726,000$726,000$726,000$726,000
58$805,593$767,115$755,862$831,087
59$845,021$761,961$738,441$844,895
60$887,124$755,208$719,090$855,658
61$932,133$746,735$697,701$866,500
62$980,300$736,415$674,164$877,451
63$1,031,902$724,111$648,360$888,551
64$1,087,244$709,680$620,168$899,842
65$1,146,658$692,970$589,459$911,378
66$1,210,511$673,819$556,099$923,220
67$1,279,204$652,057$519,949$935,440
68$1,353,178$627,503$480,863$948,122
69$1,432,918$599,966$438,687$961,360
70$1,518,955$569,244$393,263$975,267
71$1,611,874$535,123$344,423$989,969
72$1,712,317$497,376$291,993$1,005,611
73$1,820,990$455,764$235,792$1,022,358
74$1,938,670$410,035$175,629$1,040,400
75$2,066,209$359,922$111,308$1,059,951
76$2,204,546$305,141$42,620$1,081,251
77$2,354,712$245,395$0$1,104,577
78$2,517,841$180,369$0$1,138,094
79$2,695,183$109,729$0$1,186,453
80$2,888,110$33,124$0$1,239,181
81$3,098,134$0$0$1,296,782
82$3,326,916$0$0$1,380,103
83$3,576,286$0$0$1,485,710
84$3,848,257$0$0$1,600,982
85$4,145,046$0$0$1,726,869
86$4,469,093$0$0$1,864,418
87$4,823,081$0$0$2,014,781
88$5,209,967$0$0$2,179,228
89$5,633,006$0$0$2,359,154
90$6,095,782$0$0$2,556,099
91$6,602,239$0$0$2,771,756
92$7,156,722$0$0$3,007,991
93$7,764,016$0$0$3,266,857
94$8,429,389$0$0$3,550,617
95$9,158,643$0$0$3,861,763
96$9,958,169$0$0$4,203,039
97$10,835,006$0$0$4,577,467
98$11,796,904$0$0$4,988,377
99$12,852,403$0$0$5,439,436
100$14,010,907$0$0$5,934,683