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%11.6%
1 years$59,952$59,418$58,897$58,389$57,892$57,503
2 years$29,679$29,127$28,591$28,072$27,568$27,175
3 years$19,590$19,035$18,500$17,986$17,490$17,107
4 years$14,546$13,992$13,463$12,958$12,474$12,102
5 years$11,520$10,970$10,448$9,953$9,483$9,124
6 years$9,504$8,958$8,444$7,959$7,503$7,158
7 years$8,064$7,523$7,017$6,544$6,102$5,770
8 years$6,985$6,449$5,951$5,489$5,062$4,744
9 years$6,146$5,615$5,125$4,676$4,263$3,958
10 years$5,475$4,949$4,468$4,031$3,632$3,341
11 years$4,927$4,406$3,934$3,508$3,124$2,845
12 years$4,470$3,954$3,491$3,077$2,707$2,441
13 years$4,084$3,574$3,119$2,716$2,361$2,107
14 years$3,753$3,248$2,803$2,411$2,069$1,828
15 years$3,467$2,967$2,530$2,150$1,822$1,593
16 years$3,216$2,723$2,294$1,925$1,610$1,393
17 years$2,996$2,507$2,088$1,730$1,428$1,221
18 years$2,800$2,317$1,906$1,559$1,270$1,074
19 years$2,625$2,147$1,745$1,409$1,132$947
20 years$2,467$1,995$1,601$1,276$1,011$836
21 years$2,325$1,859$1,473$1,158$905$739
22 years$2,196$1,735$1,357$1,053$811$655
23 years$2,078$1,623$1,253$959$728$581
24 years$1,971$1,520$1,159$875$654$516
25 years$1,872$1,427$1,074$799$589$459
26 years$1,781$1,341$996$730$530$408
27 years$1,696$1,262$925$668$478$363
28 years$1,618$1,189$859$612$431$324
29 years$1,545$1,122$800$562$390$289
30 years$1,478$1,059$745$515$352$257
31 years$1,415$1,002$695$473$318$230
32 years$1,356$948$648$435$288$205
33 years$1,300$897$605$400$260$183
34 years$1,248$851$565$368$236$164
35 years$1,199$807$529$339$214$146
36 years$1,153$766$494$312$194$131
37 years$1,110$727$463$288$175$117
38 years$1,068$691$433$265$159$105
39 years$1,029$657$406$244$144$94
40 years$993$625$381$225$131$84
41 years$958$595$357$208$119$75
42 years$924$567$335$192$108$67
43 years$893$540$314$177$98$60
44 years$863$515$295$164$89$54
45 years$834$491$277$151$81$48
46 years$807$468$260$140$73$43
47 years$780$447$244$129$66$39
48 years$756$427$230$119$60$35
49 years$732$407$216$110$55$31
50 years$709$389$203$102$50$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $726,000, adding $6,270 every year, while hoping to spend $45,677 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: 63/32/5 Blend
57$726,000$726,000$726,000$726,000
58$806,520$768,042$756,789$856,330
59$840,185$757,076$733,541$879,314
60$875,752$744,041$707,984$898,436
61$913,369$728,789$679,991$918,115
62$953,194$711,161$649,432$938,400
63$995,401$690,989$616,169$959,349
64$1,040,180$668,095$580,058$981,028
65$1,087,738$642,292$540,951$1,003,509
66$1,138,303$613,381$498,689$1,026,876
67$1,192,124$581,151$453,109$1,051,223
68$1,249,473$545,379$404,040$1,076,654
69$1,310,648$505,831$351,304$1,103,290
70$1,375,975$462,257$294,713$1,131,263
71$1,445,811$414,395$234,073$1,160,724
72$1,520,550$361,967$169,181$1,191,841
73$1,600,622$304,678$99,824$1,224,804
74$1,686,497$242,219$25,780$1,259,824
75$1,778,694$174,262$0$1,297,139
76$1,877,780$100,461$0$1,339,855
77$1,984,379$20,449$0$1,387,083
78$2,099,177$0$0$1,437,789
79$2,222,923$0$0$1,515,657
80$2,356,446$0$0$1,607,486
81$2,500,651$0$0$1,706,704
82$2,656,536$0$0$1,814,003
83$2,825,198$0$0$1,930,143
84$3,007,840$0$0$2,055,959
85$3,205,788$0$0$2,192,370
86$3,420,498$0$0$2,340,386
87$3,653,571$0$0$2,501,118
88$3,906,769$0$0$2,675,788
89$4,182,031$0$0$2,865,741
90$4,481,487$0$0$3,072,454
91$4,807,484$0$0$3,297,557
92$5,162,603$0$0$3,542,839
93$5,549,683$0$0$3,810,271
94$5,971,851$0$0$4,102,022
95$6,432,548$0$0$4,420,479
96$6,935,560$0$0$4,768,270
97$7,485,056$0$0$5,148,289
98$8,085,626$0$0$5,563,720
99$8,742,323$0$0$6,018,069
100$9,460,709$0$0$6,515,198