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%11.9%
1 years$60,118$59,582$59,060$58,550$58,052$57,589
2 years$29,761$29,207$28,670$28,149$27,644$27,178
3 years$19,644$19,087$18,551$18,035$17,538$17,083
4 years$14,586$14,031$13,501$12,993$12,508$12,067
5 years$11,552$11,000$10,477$9,980$9,509$9,083
6 years$9,530$8,983$8,467$7,981$7,524$7,114
7 years$8,087$7,544$7,036$6,562$6,119$5,726
8 years$7,004$6,466$5,967$5,505$5,076$4,699
9 years$6,163$5,630$5,139$4,689$4,275$3,914
10 years$5,490$4,963$4,481$4,042$3,642$3,298
11 years$4,940$4,418$3,945$3,517$3,133$2,803
12 years$4,482$3,965$3,501$3,085$2,715$2,401
13 years$4,095$3,583$3,128$2,724$2,367$2,068
14 years$3,763$3,257$2,810$2,418$2,075$1,791
15 years$3,476$2,976$2,537$2,156$1,827$1,557
16 years$3,225$2,730$2,300$1,931$1,615$1,359
17 years$3,004$2,514$2,093$1,735$1,432$1,189
18 years$2,808$2,323$1,911$1,563$1,273$1,044
19 years$2,632$2,153$1,749$1,413$1,135$918
20 years$2,474$2,001$1,606$1,279$1,014$809
21 years$2,332$1,864$1,477$1,161$907$714
22 years$2,202$1,740$1,361$1,056$813$631
23 years$2,084$1,627$1,257$962$730$558
24 years$1,976$1,525$1,162$877$656$495
25 years$1,877$1,431$1,076$801$590$439
26 years$1,785$1,345$998$732$532$389
27 years$1,701$1,265$927$670$479$346
28 years$1,623$1,192$862$614$433$307
29 years$1,550$1,125$802$563$391$273
30 years$1,482$1,062$747$517$353$243
31 years$1,419$1,004$696$475$319$217
32 years$1,359$950$650$436$289$193
33 years$1,304$900$607$401$261$172
34 years$1,252$853$567$369$236$153
35 years$1,202$809$530$340$214$137
36 years$1,156$768$496$313$194$122
37 years$1,113$729$464$288$176$109
38 years$1,071$693$435$266$159$97
39 years$1,032$659$407$245$145$86
40 years$995$627$382$226$131$77
41 years$960$597$358$209$119$69
42 years$927$568$336$192$108$62
43 years$895$542$315$178$98$55
44 years$865$516$296$164$89$49
45 years$836$492$278$151$81$44
46 years$809$470$261$140$73$39
47 years$783$448$245$129$67$35
48 years$758$428$230$119$60$31
49 years$734$409$216$110$55$28
50 years$711$390$203$102$50$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $728,000, adding $3,875 every year, while hoping to spend $24,707 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: 34/41/25 Blend
57$728,000$728,000$728,000$728,000
58$806,253$767,669$756,385$827,432
59$862,203$778,997$755,436$854,935
60$923,031$790,052$753,627$882,065
61$989,210$800,794$750,903$910,831
62$1,061,258$811,181$747,207$941,395
63$1,139,747$821,169$742,478$973,934
64$1,225,303$830,709$736,654$1,008,647
65$1,318,619$839,749$729,667$1,045,755
66$1,420,457$848,234$721,449$1,085,501
67$1,531,652$856,107$711,926$1,128,154
68$1,653,129$863,304$701,024$1,174,014
69$1,785,901$869,759$688,661$1,223,413
70$1,931,087$875,401$674,755$1,276,716
71$2,089,917$880,155$659,219$1,334,330
72$2,263,746$883,941$641,961$1,396,705
73$2,454,067$886,672$622,885$1,464,339
74$2,662,522$888,260$601,892$1,537,782
75$2,890,921$888,606$578,877$1,617,645
76$3,141,256$887,609$553,731$1,704,600
77$3,415,723$885,161$526,339$1,799,396
78$3,716,738$881,145$496,583$1,902,856
79$4,046,964$875,440$464,337$2,015,894
80$4,409,333$867,915$429,471$2,139,519
81$4,807,076$858,433$391,849$2,274,847
82$5,243,750$846,849$351,328$2,423,112
83$5,723,275$833,007$307,760$2,585,677
84$6,249,968$816,744$260,990$2,764,049
85$6,828,586$797,885$210,854$2,959,895
86$7,464,369$776,248$157,184$3,175,054
87$8,163,088$751,638$99,803$3,411,560
88$8,931,103$723,848$38,527$3,671,660
89$9,775,420$692,662$0$3,957,836
90$10,703,758$657,847$0$4,279,994
91$11,724,620$619,161$0$4,645,430
92$12,847,377$576,345$0$5,047,253
93$14,082,350$529,126$0$5,489,215
94$15,440,913$477,217$0$5,975,452
95$16,935,599$420,313$0$6,510,528
96$18,580,212$358,091$0$7,099,477
97$20,389,968$290,212$0$7,747,853
98$22,381,628$216,315$0$8,461,780
99$24,573,662$136,022$0$9,248,017
100$26,986,420$48,932$0$10,114,013