Can I retire at age 58 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$60,118$59,582$59,060$58,550$58,052$55,859
2 years$29,761$29,207$28,670$28,149$27,644$25,460
3 years$19,644$19,087$18,551$18,035$17,538$15,432
4 years$14,586$14,031$13,501$12,993$12,508$10,496
5 years$11,552$11,000$10,477$9,980$9,509$7,595
6 years$9,530$8,983$8,467$7,981$7,524$5,711
7 years$8,087$7,544$7,036$6,562$6,119$4,406
8 years$7,004$6,466$5,967$5,505$5,076$3,461
9 years$6,163$5,630$5,139$4,689$4,275$2,756
10 years$5,490$4,963$4,481$4,042$3,642$2,217
11 years$4,940$4,418$3,945$3,517$3,133$1,797
12 years$4,482$3,965$3,501$3,085$2,715$1,465
13 years$4,095$3,583$3,128$2,724$2,367$1,201
14 years$3,763$3,257$2,810$2,418$2,075$988
15 years$3,476$2,976$2,537$2,156$1,827$815
16 years$3,225$2,730$2,300$1,931$1,615$675
17 years$3,004$2,514$2,093$1,735$1,432$559
18 years$2,808$2,323$1,911$1,563$1,273$465
19 years$2,632$2,153$1,749$1,413$1,135$386
20 years$2,474$2,001$1,606$1,279$1,014$322
21 years$2,332$1,864$1,477$1,161$907$268
22 years$2,202$1,740$1,361$1,056$813$224
23 years$2,084$1,627$1,257$962$730$187
24 years$1,976$1,525$1,162$877$656$156
25 years$1,877$1,431$1,076$801$590$130
26 years$1,785$1,345$998$732$532$109
27 years$1,701$1,265$927$670$479$91
28 years$1,623$1,192$862$614$433$76
29 years$1,550$1,125$802$563$391$64
30 years$1,482$1,062$747$517$353$53
31 years$1,419$1,004$696$475$319$45
32 years$1,359$950$650$436$289$37
33 years$1,304$900$607$401$261$31
34 years$1,252$853$567$369$236$26
35 years$1,202$809$530$340$214$22
36 years$1,156$768$496$313$194$18
37 years$1,113$729$464$288$176$15
38 years$1,071$693$435$266$159$13
39 years$1,032$659$407$245$145$11
40 years$995$627$382$226$131$9
41 years$960$597$358$209$119$8
42 years$927$568$336$192$108$6
43 years$895$542$315$178$98$5
44 years$865$516$296$164$89$4
45 years$836$492$278$151$81$4
46 years$809$470$261$140$73$3
47 years$783$448$245$129$67$3
48 years$758$428$230$119$60$2
49 years$734$409$216$110$55$2
50 years$711$390$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 $728,000, adding $4,497 every year, while hoping to spend $33,803 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: 49/31/20 Blend
57$728,000$728,000$728,000$728,000
58$806,895$768,311$757,027$841,698
59$853,232$769,992$746,421$867,992
60$903,162$770,622$734,327$892,740
61$957,017$770,115$720,659$918,914
62$1,015,160$768,378$705,328$946,663
63$1,077,990$765,312$688,240$976,150
64$1,145,946$760,813$669,297$1,007,559
65$1,219,510$754,771$648,397$1,041,092
66$1,299,213$747,068$625,431$1,076,976
67$1,385,639$737,580$600,289$1,115,463
68$1,479,427$726,175$572,852$1,156,832
69$1,581,285$712,713$542,999$1,201,392
70$1,691,987$697,047$510,600$1,249,489
71$1,812,387$679,020$475,523$1,301,504
72$1,943,425$658,466$437,627$1,357,863
73$2,086,132$635,209$396,765$1,419,035
74$2,241,647$609,064$352,786$1,485,543
75$2,411,221$579,833$305,530$1,557,966
76$2,596,229$547,309$254,830$1,636,944
77$2,798,190$511,272$200,512$1,723,190
78$3,018,770$471,490$142,394$1,817,492
79$3,259,808$427,716$80,287$1,920,721
80$3,523,324$379,690$13,992$2,033,846
81$3,811,546$327,138$0$2,157,936
82$4,126,926$269,769$0$2,306,287
83$4,472,162$207,277$0$2,472,074
84$4,850,227$139,339$0$2,653,808
85$5,264,395$65,611$0$2,853,143
86$5,718,271$0$0$3,071,909
87$6,215,824$0$0$3,316,992
88$6,761,428$0$0$3,610,366
89$7,359,899$0$0$3,932,247
90$8,016,541$0$0$4,285,499
91$8,737,197$0$0$4,673,276
92$9,528,304$0$0$5,099,052
93$10,396,952$0$0$5,566,654
94$11,350,949$0$0$6,080,297
95$12,398,899$0$0$6,644,626
96$13,550,280$0$0$7,264,757
97$14,815,533$0$0$7,946,326
98$16,206,160$0$0$8,695,543
99$17,734,833$0$0$9,519,250
100$19,415,514$0$0$10,424,982