Can I retire at age 58 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$60,035$59,500$58,978$58,469$57,972$57,059
2 years$29,720$29,167$28,630$28,110$27,606$26,688
3 years$19,617$19,061$18,526$18,010$17,514$16,620
4 years$14,566$14,012$13,482$12,976$12,491$11,628
5 years$11,536$10,985$10,463$9,966$9,496$8,666
6 years$9,517$8,970$8,455$7,970$7,514$6,719
7 years$8,075$7,533$7,026$6,553$6,111$5,350
8 years$6,995$6,457$5,959$5,497$5,069$4,344
9 years$6,155$5,622$5,132$4,682$4,269$3,578
10 years$5,483$4,956$4,475$4,036$3,637$2,980
11 years$4,934$4,412$3,939$3,513$3,128$2,503
12 years$4,476$3,960$3,496$3,081$2,711$2,118
13 years$4,089$3,579$3,124$2,720$2,364$1,802
14 years$3,758$3,253$2,806$2,415$2,072$1,541
15 years$3,472$2,972$2,534$2,153$1,825$1,323
16 years$3,221$2,726$2,297$1,928$1,613$1,139
17 years$3,000$2,511$2,090$1,732$1,430$984
18 years$2,804$2,320$1,908$1,561$1,271$852
19 years$2,628$2,150$1,747$1,411$1,133$739
20 years$2,471$1,998$1,603$1,278$1,012$642
21 years$2,328$1,861$1,475$1,160$906$558
22 years$2,199$1,737$1,359$1,054$812$487
23 years$2,081$1,625$1,255$960$729$424
24 years$1,973$1,522$1,161$876$655$370
25 years$1,874$1,429$1,075$800$589$324
26 years$1,783$1,343$997$731$531$283
27 years$1,699$1,264$926$669$479$248
28 years$1,620$1,191$861$613$432$217
29 years$1,548$1,123$801$562$390$190
30 years$1,480$1,061$746$516$352$166
31 years$1,417$1,003$695$474$319$146
32 years$1,357$949$649$436$288$128
33 years$1,302$899$606$401$261$112
34 years$1,250$852$566$369$236$98
35 years$1,201$808$529$339$214$86
36 years$1,155$767$495$312$194$76
37 years$1,111$728$463$288$176$66
38 years$1,070$692$434$265$159$58
39 years$1,031$658$407$245$144$51
40 years$994$626$381$226$131$45
41 years$959$596$357$208$119$39
42 years$926$568$335$192$108$35
43 years$894$541$315$177$98$30
44 years$864$516$295$164$89$27
45 years$835$492$277$151$81$24
46 years$808$469$260$140$73$21
47 years$782$448$245$129$66$18
48 years$757$427$230$119$60$16
49 years$733$408$216$110$55$14
50 years$710$390$203$102$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $727,000, adding $4,793 every year, while hoping to spend $39,607 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: 76/15/9 Blend
57$727,000$727,000$727,000$727,000
58$806,098$767,567$756,298$865,812
59$846,178$763,036$739,493$901,243
60$889,020$756,956$720,797$934,544
61$934,861$749,209$700,105$969,914
62$983,967$739,669$677,308$1,007,543
63$1,036,624$728,205$652,290$1,047,642
64$1,093,149$714,677$624,932$1,090,441
65$1,153,889$698,936$595,107$1,136,198
66$1,219,227$680,824$562,683$1,185,194
67$1,289,579$660,176$527,524$1,237,741
68$1,365,406$636,814$489,486$1,294,183
69$1,447,213$610,553$448,419$1,354,900
70$1,535,553$581,195$404,166$1,420,311
71$1,631,038$548,532$356,564$1,490,877
72$1,734,335$512,342$305,440$1,567,111
73$1,846,182$472,391$250,618$1,649,574
74$1,967,389$428,435$191,909$1,738,890
75$2,098,845$380,210$129,120$1,835,744
76$2,241,529$327,442$62,048$1,940,894
77$2,396,517$269,839$0$2,055,177
78$2,564,995$207,094$0$2,180,431
79$2,748,265$138,882$0$2,323,178
80$2,947,759$64,859$0$2,478,598
81$3,165,056$0$0$2,647,957
82$3,401,891$0$0$2,835,178
83$3,660,174$0$0$3,051,055
84$3,942,007$0$0$3,286,642
85$4,249,705$0$0$3,543,877
86$4,585,815$0$0$3,824,893
87$4,953,142$0$0$4,132,038
88$5,354,772$0$0$4,467,898
89$5,794,106$0$0$4,835,318
90$6,274,886$0$0$5,237,434
91$6,801,233$0$0$5,677,696
92$7,377,687$0$0$6,159,906
93$8,009,245$0$0$6,688,248
94$8,701,411$0$0$7,267,332
95$9,460,248$0$0$7,902,234
96$10,292,431$0$0$8,598,546
97$11,205,316$0$0$9,362,426
98$12,207,001$0$0$10,200,656
99$13,306,408$0$0$11,120,709
100$14,513,365$0$0$12,130,814