Can I retire at age 58 with 729,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$60,200$59,664$59,141$58,630$58,131$57,765
2 years$29,802$29,247$28,709$28,188$27,682$27,312
3 years$19,671$19,113$18,577$18,060$17,562$17,201
4 years$14,606$14,050$13,519$13,011$12,526$12,175
5 years$11,568$11,016$10,491$9,994$9,522$9,184
6 years$9,543$8,995$8,479$7,992$7,534$7,209
7 years$8,098$7,554$7,046$6,571$6,127$5,814
8 years$7,014$6,475$5,975$5,512$5,083$4,783
9 years$6,171$5,638$5,147$4,695$4,281$3,993
10 years$5,498$4,969$4,487$4,047$3,647$3,372
11 years$4,947$4,424$3,950$3,522$3,137$2,874
12 years$4,488$3,971$3,506$3,090$2,718$2,467
13 years$4,101$3,588$3,132$2,728$2,371$2,131
14 years$3,769$3,262$2,814$2,421$2,078$1,850
15 years$3,481$2,980$2,541$2,159$1,830$1,613
16 years$3,230$2,734$2,304$1,933$1,617$1,411
17 years$3,008$2,518$2,096$1,737$1,434$1,239
18 years$2,811$2,326$1,914$1,566$1,275$1,090
19 years$2,636$2,156$1,752$1,415$1,136$961
20 years$2,478$2,004$1,608$1,281$1,015$849
21 years$2,335$1,866$1,479$1,163$908$752
22 years$2,205$1,742$1,363$1,057$814$667
23 years$2,087$1,629$1,258$963$731$592
24 years$1,979$1,527$1,164$878$657$526
25 years$1,879$1,433$1,078$802$591$468
26 years$1,788$1,346$1,000$733$532$417
27 years$1,703$1,267$928$671$480$371
28 years$1,625$1,194$863$615$433$331
29 years$1,552$1,126$803$564$391$295
30 years$1,484$1,064$748$518$353$264
31 years$1,421$1,006$697$475$320$235
32 years$1,361$952$651$437$289$210
33 years$1,306$901$608$402$262$188
34 years$1,253$854$568$370$237$168
35 years$1,204$810$531$340$214$150
36 years$1,158$769$496$313$194$135
37 years$1,114$730$465$289$176$121
38 years$1,073$694$435$266$160$108
39 years$1,034$660$408$245$145$97
40 years$997$628$382$226$131$86
41 years$962$598$358$209$119$77
42 years$928$569$336$193$108$69
43 years$896$542$315$178$98$62
44 years$866$517$296$164$89$56
45 years$837$493$278$152$81$50
46 years$810$470$261$140$73$45
47 years$784$449$245$129$67$40
48 years$759$428$231$120$61$36
49 years$735$409$217$111$55$32
50 years$712$391$204$102$50$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $729,000, adding $6,490 every year, while hoping to spend $39,193 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: 58/20/22 Blend
57$729,000$729,000$729,000$729,000
58$810,052$771,415$760,116$851,913
59$850,977$767,514$743,879$877,253
60$894,762$762,107$725,784$900,091
61$941,658$755,081$705,728$924,134
62$991,940$746,313$683,603$949,509
63$1,045,909$735,673$659,295$976,354
64$1,103,895$723,025$632,685$1,004,827
65$1,166,263$708,223$603,650$1,035,100
66$1,233,409$691,114$572,060$1,067,366
67$1,305,773$671,535$537,780$1,101,840
68$1,383,834$649,312$500,668$1,138,762
69$1,468,121$624,264$460,576$1,178,396
70$1,559,214$596,198$417,350$1,221,039
71$1,657,750$564,908$370,828$1,267,019
72$1,764,432$530,180$320,842$1,316,700
73$1,880,029$491,784$267,215$1,370,486
74$2,005,390$449,478$209,764$1,428,828
75$2,141,445$403,008$148,297$1,492,224
76$2,289,220$352,104$82,613$1,561,226
77$2,449,843$296,480$12,503$1,636,449
78$2,624,554$235,834$0$1,718,572
79$2,814,718$169,849$0$1,822,978
80$3,021,836$98,188$0$1,939,956
81$3,247,560$20,496$0$2,067,549
82$3,493,709$0$0$2,206,842
83$3,762,285$0$0$2,373,026
84$4,055,490$0$0$2,559,434
85$4,375,750$0$0$2,763,102
86$4,725,734$0$0$2,985,736
87$5,108,382$0$0$3,229,214
88$5,526,930$0$0$3,495,604
89$5,984,940$0$0$3,787,181
90$6,486,337$0$0$4,106,452
91$7,035,441$0$0$4,456,177
92$7,637,010$0$0$4,839,397
93$8,296,283$0$0$5,259,459
94$9,019,031$0$0$5,720,050
95$9,811,611$0$0$6,225,232
96$10,681,021$0$0$6,779,477
97$11,634,973$0$0$7,387,711
98$12,681,960$0$0$8,055,363
99$13,831,336$0$0$8,788,410
100$15,093,407$0$0$9,593,436