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%18.5%
1 years$59,952$59,418$58,897$58,389$57,892$55,905
2 years$29,679$29,127$28,591$28,072$27,568$25,586
3 years$19,590$19,035$18,500$17,986$17,490$15,576
4 years$14,546$13,992$13,463$12,958$12,474$10,642
5 years$11,520$10,970$10,448$9,953$9,483$7,738
6 years$9,504$8,958$8,444$7,959$7,503$5,847
7 years$8,064$7,523$7,017$6,544$6,102$4,534
8 years$6,985$6,449$5,951$5,489$5,062$3,581
9 years$6,146$5,615$5,125$4,676$4,263$2,867
10 years$5,475$4,949$4,468$4,031$3,632$2,319
11 years$4,927$4,406$3,934$3,508$3,124$1,891
12 years$4,470$3,954$3,491$3,077$2,707$1,551
13 years$4,084$3,574$3,119$2,716$2,361$1,279
14 years$3,753$3,248$2,803$2,411$2,069$1,059
15 years$3,467$2,967$2,530$2,150$1,822$880
16 years$3,216$2,723$2,294$1,925$1,610$733
17 years$2,996$2,507$2,088$1,730$1,428$611
18 years$2,800$2,317$1,906$1,559$1,270$511
19 years$2,625$2,147$1,745$1,409$1,132$428
20 years$2,467$1,995$1,601$1,276$1,011$359
21 years$2,325$1,859$1,473$1,158$905$301
22 years$2,196$1,735$1,357$1,053$811$253
23 years$2,078$1,623$1,253$959$728$213
24 years$1,971$1,520$1,159$875$654$179
25 years$1,872$1,427$1,074$799$589$151
26 years$1,781$1,341$996$730$530$127
27 years$1,696$1,262$925$668$478$107
28 years$1,618$1,189$859$612$431$90
29 years$1,545$1,122$800$562$390$76
30 years$1,478$1,059$745$515$352$64
31 years$1,415$1,002$695$473$318$54
32 years$1,356$948$648$435$288$45
33 years$1,300$897$605$400$260$38
34 years$1,248$851$565$368$236$32
35 years$1,199$807$529$339$214$27
36 years$1,153$766$494$312$194$23
37 years$1,110$727$463$288$175$19
38 years$1,068$691$433$265$159$16
39 years$1,029$657$406$244$144$14
40 years$993$625$381$225$131$12
41 years$958$595$357$208$119$10
42 years$924$567$335$192$108$8
43 years$893$540$314$177$98$7
44 years$863$515$295$164$89$6
45 years$834$491$277$151$81$5
46 years$807$468$260$140$73$4
47 years$780$447$244$129$66$4
48 years$756$427$230$119$60$3
49 years$732$407$216$110$55$3
50 years$709$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 $726,000, adding $4,960 every year, while hoping to spend $44,022 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: 46/41/13 Blend
57$726,000$726,000$726,000$726,000
58$805,168$766,690$755,437$839,033
59$840,456$757,419$733,905$853,749
60$877,868$746,218$710,177$864,814
61$917,575$732,946$684,131$875,843
62$959,761$717,454$655,643$886,850
63$1,004,631$699,584$624,582$897,852
64$1,052,407$679,168$590,809$908,871
65$1,103,334$656,028$554,183$919,937
66$1,157,678$629,978$514,552$931,083
67$1,215,732$600,818$471,760$942,352
68$1,277,817$568,338$425,644$953,794
69$1,344,284$532,316$376,033$965,468
70$1,415,518$492,517$322,747$977,445
71$1,491,944$448,692$265,602$989,809
72$1,574,023$400,580$204,401$1,002,654
73$1,662,267$347,902$138,942$1,016,093
74$1,757,234$290,365$69,012$1,030,255
75$1,859,539$227,659$0$1,045,288
76$1,969,855$159,457$0$1,062,141
77$2,088,923$85,414$0$1,090,496
78$2,217,558$5,164$0$1,121,027
79$2,356,654$0$0$1,154,020
80$2,507,194$0$0$1,226,649
81$2,670,260$0$0$1,307,915
82$2,847,039$0$0$1,396,089
83$3,038,838$0$0$1,491,831
84$3,247,096$0$0$1,595,869
85$3,473,391$0$0$1,709,004
86$3,719,465$0$0$1,832,114
87$3,987,229$0$0$1,966,168
88$4,278,789$0$0$2,112,232
89$4,596,462$0$0$2,271,478
90$4,942,795$0$0$2,445,197
91$5,320,597$0$0$2,634,809
92$5,732,953$0$0$2,841,878
93$6,183,264$0$0$3,068,125
94$6,675,271$0$0$3,315,445
95$7,213,094$0$0$3,585,925
96$7,801,270$0$0$3,881,860
97$8,444,790$0$0$4,205,782
98$9,149,156$0$0$4,560,475
99$9,920,421$0$0$4,949,006
100$10,765,254$0$0$5,374,753