Can I retire at age 58 with 729,000?

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 $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%
1 years$60,200$59,664$59,141$58,630$58,131$57,887
2 years$29,802$29,247$28,709$28,188$27,682$27,434
3 years$19,671$19,113$18,577$18,060$17,562$17,320
4 years$14,606$14,050$13,519$13,011$12,526$12,291
5 years$11,568$11,016$10,491$9,994$9,522$9,295
6 years$9,543$8,995$8,479$7,992$7,534$7,316
7 years$8,098$7,554$7,046$6,571$6,127$5,917
8 years$7,014$6,475$5,975$5,512$5,083$4,881
9 years$6,171$5,638$5,147$4,695$4,281$4,087
10 years$5,498$4,969$4,487$4,047$3,647$3,462
11 years$4,947$4,424$3,950$3,522$3,137$2,959
12 years$4,488$3,971$3,506$3,090$2,718$2,549
13 years$4,101$3,588$3,132$2,728$2,371$2,208
14 years$3,769$3,262$2,814$2,421$2,078$1,923
15 years$3,481$2,980$2,541$2,159$1,830$1,682
16 years$3,230$2,734$2,304$1,933$1,617$1,477
17 years$3,008$2,518$2,096$1,737$1,434$1,301
18 years$2,811$2,326$1,914$1,566$1,275$1,149
19 years$2,636$2,156$1,752$1,415$1,136$1,017
20 years$2,478$2,004$1,608$1,281$1,015$902
21 years$2,335$1,866$1,479$1,163$908$801
22 years$2,205$1,742$1,363$1,057$814$713
23 years$2,087$1,629$1,258$963$731$635
24 years$1,979$1,527$1,164$878$657$567
25 years$1,879$1,433$1,078$802$591$506
26 years$1,788$1,346$1,000$733$532$452
27 years$1,703$1,267$928$671$480$405
28 years$1,625$1,194$863$615$433$362
29 years$1,552$1,126$803$564$391$324
30 years$1,484$1,064$748$518$353$291
31 years$1,421$1,006$697$475$320$261
32 years$1,361$952$651$437$289$234
33 years$1,306$901$608$402$262$210
34 years$1,253$854$568$370$237$189
35 years$1,204$810$531$340$214$169
36 years$1,158$769$496$313$194$152
37 years$1,114$730$465$289$176$137
38 years$1,073$694$435$266$160$123
39 years$1,034$660$408$245$145$111
40 years$997$628$382$226$131$99
41 years$962$598$358$209$119$89
42 years$928$569$336$193$108$81
43 years$896$542$315$178$98$72
44 years$866$517$296$164$89$65
45 years$837$493$278$152$81$59
46 years$810$470$261$140$73$53
47 years$784$449$245$129$67$48
48 years$759$428$231$120$61$43
49 years$735$409$217$111$55$39
50 years$712$391$204$102$50$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $729,000, adding $3,915 every year, while hoping to spend $55,432 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: 82/7/11 Blend
57$729,000$729,000$729,000$729,000
58$807,396$768,759$757,460$871,791
59$830,772$747,449$723,856$893,248
60$854,673$723,237$687,268$909,077
61$879,096$695,922$647,538$924,799
62$904,034$665,292$604,500$940,371
63$929,476$631,123$557,982$955,749
64$955,411$593,175$507,802$970,884
65$981,821$551,199$453,771$985,721
66$1,008,687$504,928$395,693$1,000,201
67$1,035,985$454,082$333,360$1,014,258
68$1,063,686$398,362$266,559$1,027,821
69$1,091,757$337,457$195,064$1,040,809
70$1,120,158$271,034$118,640$1,053,138
71$1,148,842$198,743$37,043$1,064,711
72$1,177,757$120,214$0$1,075,424
73$1,206,841$35,057$0$1,091,036
74$1,236,023$0$0$1,110,570
75$1,265,223$0$0$1,133,972
76$1,294,351$0$0$1,159,998
77$1,323,301$0$0$1,185,856
78$1,351,958$0$0$1,211,438
79$1,380,189$0$0$1,236,626
80$1,407,845$0$0$1,261,284
81$1,434,758$0$0$1,285,261
82$1,460,741$0$0$1,308,386
83$1,485,582$0$0$1,330,468
84$1,509,047$0$0$1,351,295
85$1,530,871$0$0$1,370,627
86$1,550,760$0$0$1,388,198
87$1,568,385$0$0$1,403,712
88$1,583,381$0$0$1,416,836
89$1,595,339$0$0$1,427,202
90$1,603,806$0$0$1,434,399
91$1,608,279$0$0$1,437,972
92$1,608,195$0$0$1,437,413
93$1,602,932$0$0$1,432,160
94$1,591,800$0$0$1,421,586
95$1,574,031$0$0$1,405,000
96$1,548,776$0$0$1,381,631
97$1,515,092$0$0$1,350,629
98$1,471,935$0$0$1,311,049
99$1,418,148$0$0$1,261,845
100$1,352,451$0$0$1,201,860