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%17.4%
1 years$60,035$59,500$58,978$58,469$57,972$56,229
2 years$29,720$29,167$28,630$28,110$27,606$25,864
3 years$19,617$19,061$18,526$18,010$17,514$15,829
4 years$14,566$14,012$13,482$12,976$12,491$10,875
5 years$11,536$10,985$10,463$9,966$9,496$7,953
6 years$9,517$8,970$8,455$7,970$7,514$6,046
7 years$8,075$7,533$7,026$6,553$6,111$4,718
8 years$6,995$6,457$5,959$5,497$5,069$3,751
9 years$6,155$5,622$5,132$4,682$4,269$3,023
10 years$5,483$4,956$4,475$4,036$3,637$2,462
11 years$4,934$4,412$3,939$3,513$3,128$2,022
12 years$4,476$3,960$3,496$3,081$2,711$1,671
13 years$4,089$3,579$3,124$2,720$2,364$1,388
14 years$3,758$3,253$2,806$2,415$2,072$1,158
15 years$3,472$2,972$2,534$2,153$1,825$969
16 years$3,221$2,726$2,297$1,928$1,613$814
17 years$3,000$2,511$2,090$1,732$1,430$685
18 years$2,804$2,320$1,908$1,561$1,271$577
19 years$2,628$2,150$1,747$1,411$1,133$487
20 years$2,471$1,998$1,603$1,278$1,012$412
21 years$2,328$1,861$1,475$1,160$906$349
22 years$2,199$1,737$1,359$1,054$812$296
23 years$2,081$1,625$1,255$960$729$251
24 years$1,973$1,522$1,161$876$655$213
25 years$1,874$1,429$1,075$800$589$181
26 years$1,783$1,343$997$731$531$153
27 years$1,699$1,264$926$669$479$130
28 years$1,620$1,191$861$613$432$111
29 years$1,548$1,123$801$562$390$94
30 years$1,480$1,061$746$516$352$80
31 years$1,417$1,003$695$474$319$68
32 years$1,357$949$649$436$288$58
33 years$1,302$899$606$401$261$49
34 years$1,250$852$566$369$236$42
35 years$1,201$808$529$339$214$36
36 years$1,155$767$495$312$194$30
37 years$1,111$728$463$288$176$26
38 years$1,070$692$434$265$159$22
39 years$1,031$658$407$245$144$19
40 years$994$626$381$226$131$16
41 years$959$596$357$208$119$14
42 years$926$568$335$192$108$12
43 years$894$541$315$177$98$10
44 years$864$516$295$164$89$8
45 years$835$492$277$151$81$7
46 years$808$469$260$140$73$6
47 years$782$448$245$129$66$5
48 years$757$427$230$119$60$4
49 years$733$408$216$110$55$4
50 years$710$390$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $727,000, adding $5,385 every year, while hoping to spend $40,828 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: 30/41/29 Blend
57$727,000$727,000$727,000$727,000
58$806,709$768,178$756,909$823,605
59$845,552$762,378$738,825$831,492
60$886,990$754,925$718,766$836,056
61$931,242$745,696$696,625$840,166
62$978,552$734,559$672,285$843,809
63$1,029,186$721,374$645,628$846,980
64$1,083,436$705,993$616,529$849,672
65$1,141,621$688,262$584,858$851,886
66$1,204,093$668,013$550,477$853,625
67$1,271,236$645,072$513,244$854,900
68$1,343,475$619,253$473,010$855,725
69$1,421,273$590,360$429,620$856,122
70$1,505,140$558,185$382,910$856,124
71$1,595,637$522,509$332,710$855,769
72$1,693,380$483,100$278,843$855,108
73$1,799,044$439,711$221,124$854,205
74$1,913,374$392,084$159,359$853,134
75$2,037,187$339,945$93,346$851,988
76$2,171,380$283,003$22,874$850,876
77$2,316,944$220,952$0$849,928
78$2,474,963$153,470$0$865,488
79$2,646,633$80,214$0$890,146
80$2,833,270$824$0$917,094
81$3,036,318$0$0$946,647
82$3,257,371$0$0$1,017,543
83$3,498,178$0$0$1,095,285
84$3,760,667$0$0$1,180,135
85$4,046,959$0$0$1,272,794
86$4,359,387$0$0$1,374,032
87$4,700,522$0$0$1,484,695
88$5,073,192$0$0$1,605,716
89$5,480,510$0$0$1,738,124
90$5,925,905$0$0$1,883,049
91$6,413,152$0$0$2,041,737
92$6,946,406$0$0$2,215,560
93$7,530,244$0$0$2,406,027
94$8,169,705$0$0$2,614,804
95$8,870,340$0$0$2,843,722
96$9,638,261$0$0$3,094,799
97$10,480,198$0$0$3,370,258
98$11,403,567$0$0$3,672,547
99$12,416,532$0$0$4,004,363
100$13,528,088$0$0$4,368,676