Can I retire at age 58 with 726,000?

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 $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%18.9%
1 years$59,952$59,418$58,897$58,389$57,892$55,816
2 years$29,679$29,127$28,591$28,072$27,568$25,498
3 years$19,590$19,035$18,500$17,986$17,490$15,493
4 years$14,546$13,992$13,463$12,958$12,474$10,564
5 years$11,520$10,970$10,448$9,953$9,483$7,665
6 years$9,504$8,958$8,444$7,959$7,503$5,779
7 years$8,064$7,523$7,017$6,544$6,102$4,471
8 years$6,985$6,449$5,951$5,489$5,062$3,523
9 years$6,146$5,615$5,125$4,676$4,263$2,814
10 years$5,475$4,949$4,468$4,031$3,632$2,270
11 years$4,927$4,406$3,934$3,508$3,124$1,846
12 years$4,470$3,954$3,491$3,077$2,707$1,511
13 years$4,084$3,574$3,119$2,716$2,361$1,242
14 years$3,753$3,248$2,803$2,411$2,069$1,026
15 years$3,467$2,967$2,530$2,150$1,822$849
16 years$3,216$2,723$2,294$1,925$1,610$705
17 years$2,996$2,507$2,088$1,730$1,428$587
18 years$2,800$2,317$1,906$1,559$1,270$489
19 years$2,625$2,147$1,745$1,409$1,132$409
20 years$2,467$1,995$1,601$1,276$1,011$342
21 years$2,325$1,859$1,473$1,158$905$286
22 years$2,196$1,735$1,357$1,053$811$239
23 years$2,078$1,623$1,253$959$728$201
24 years$1,971$1,520$1,159$875$654$168
25 years$1,872$1,427$1,074$799$589$141
26 years$1,781$1,341$996$730$530$118
27 years$1,696$1,262$925$668$478$99
28 years$1,618$1,189$859$612$431$83
29 years$1,545$1,122$800$562$390$70
30 years$1,478$1,059$745$515$352$59
31 years$1,415$1,002$695$473$318$50
32 years$1,356$948$648$435$288$42
33 years$1,300$897$605$400$260$35
34 years$1,248$851$565$368$236$29
35 years$1,199$807$529$339$214$25
36 years$1,153$766$494$312$194$21
37 years$1,110$727$463$288$175$17
38 years$1,068$691$433$265$159$15
39 years$1,029$657$406$244$144$12
40 years$993$625$381$225$131$10
41 years$958$595$357$208$119$9
42 years$924$567$335$192$108$7
43 years$893$540$314$177$98$6
44 years$863$515$295$164$89$5
45 years$834$491$277$151$81$4
46 years$807$468$260$140$73$4
47 years$780$447$244$129$66$3
48 years$756$427$230$119$60$3
49 years$732$407$216$110$55$2
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 $6,493 every year, while hoping to spend $53,958 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: 64/23/13 Blend
57$726,000$726,000$726,000$726,000
58$806,750$768,272$757,019$855,513
59$831,627$748,506$724,968$869,170
60$857,234$725,963$690,035$877,244
61$883,587$700,451$652,066$884,724
62$910,704$671,764$610,902$891,553
63$938,602$639,687$566,373$897,668
64$967,298$603,990$518,306$903,002
65$996,810$564,433$466,516$907,484
66$1,027,153$520,759$410,813$911,040
67$1,058,345$472,698$350,997$913,589
68$1,090,400$419,965$286,860$915,044
69$1,123,335$362,257$218,183$915,315
70$1,157,162$299,255$144,740$914,305
71$1,191,897$230,622$66,293$911,909
72$1,227,550$156,003$0$908,018
73$1,264,134$75,020$0$904,931
74$1,301,657$0$0$910,077
75$1,340,129$0$0$917,374
76$1,379,553$0$0$944,304
77$1,419,936$0$0$971,882
78$1,461,276$0$0$1,000,108
79$1,503,574$0$0$1,028,978
80$1,546,823$0$0$1,058,490
81$1,591,015$0$0$1,088,635
82$1,636,136$0$0$1,119,404
83$1,682,170$0$0$1,150,783
84$1,729,091$0$0$1,182,754
85$1,776,873$0$0$1,215,296
86$1,825,477$0$0$1,248,382
87$1,874,861$0$0$1,281,980
88$1,924,972$0$0$1,316,052
89$1,975,750$0$0$1,350,554
90$2,027,121$0$0$1,385,434
91$2,079,002$0$0$1,420,631
92$2,131,296$0$0$1,456,075
93$2,183,892$0$0$1,491,686
94$2,236,661$0$0$1,527,374
95$2,289,458$0$0$1,563,032
96$2,342,118$0$0$1,598,544
97$2,394,451$0$0$1,633,774
98$2,446,245$0$0$1,668,572
99$2,497,261$0$0$1,702,766
100$2,547,227$0$0$1,736,163