Can I retire at age 58 with 733,000?

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 $733,000?

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$60,530$59,991$59,465$58,952$58,450$58,082
2 years$29,966$29,407$28,867$28,342$27,834$27,462
3 years$19,779$19,218$18,679$18,159$17,659$17,295
4 years$14,686$14,127$13,593$13,083$12,594$12,242
5 years$11,631$11,076$10,549$10,049$9,574$9,234
6 years$9,596$9,044$8,525$8,036$7,576$7,248
7 years$8,142$7,595$7,084$6,607$6,161$5,846
8 years$7,052$6,511$6,008$5,542$5,111$4,809
9 years$6,205$5,669$5,175$4,721$4,304$4,015
10 years$5,528$4,997$4,512$4,069$3,667$3,391
11 years$4,974$4,448$3,972$3,542$3,154$2,890
12 years$4,513$3,993$3,525$3,106$2,733$2,481
13 years$4,123$3,608$3,149$2,743$2,384$2,143
14 years$3,789$3,280$2,830$2,435$2,089$1,860
15 years$3,500$2,996$2,555$2,171$1,840$1,622
16 years$3,247$2,749$2,316$1,944$1,626$1,419
17 years$3,025$2,532$2,108$1,747$1,442$1,245
18 years$2,827$2,339$1,924$1,574$1,282$1,096
19 years$2,650$2,168$1,761$1,422$1,143$967
20 years$2,491$2,015$1,617$1,288$1,021$854
21 years$2,348$1,877$1,487$1,169$913$756
22 years$2,217$1,752$1,370$1,063$819$670
23 years$2,098$1,638$1,265$968$735$595
24 years$1,990$1,535$1,170$883$660$529
25 years$1,890$1,441$1,084$806$594$470
26 years$1,798$1,354$1,005$737$535$419
27 years$1,713$1,274$933$675$483$373
28 years$1,634$1,201$868$618$436$333
29 years$1,560$1,133$808$567$393$297
30 years$1,492$1,070$752$520$355$265
31 years$1,428$1,011$701$478$321$237
32 years$1,369$957$654$439$291$212
33 years$1,313$906$611$404$263$189
34 years$1,260$859$571$372$238$169
35 years$1,211$815$534$342$216$151
36 years$1,164$773$499$315$195$135
37 years$1,120$734$467$290$177$121
38 years$1,079$698$438$268$161$108
39 years$1,039$664$410$247$146$97
40 years$1,002$631$384$228$132$87
41 years$967$601$360$210$120$78
42 years$933$572$338$194$109$70
43 years$901$545$317$179$99$63
44 years$871$520$298$165$90$56
45 years$842$496$280$153$81$50
46 years$814$473$263$141$74$45
47 years$788$451$247$130$67$40
48 years$763$431$232$120$61$36
49 years$739$411$218$111$55$32
50 years$716$393$205$103$50$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $733,000, adding $5,256 every year, while hoping to spend $45,905 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: 61/9/30 Blend
57$733,000$733,000$733,000$733,000
58$813,188$774,339$762,977$855,892
59$847,290$763,439$739,694$874,729
60$883,333$750,466$714,093$889,913
61$921,464$735,271$686,047$905,537
62$961,849$717,694$655,424$921,656
63$1,004,664$697,567$622,087$938,330
64$1,050,104$674,713$585,892$955,630
65$1,098,382$648,941$546,687$973,633
66$1,149,732$620,054$504,316$992,429
67$1,204,408$587,840$458,614$1,012,118
68$1,262,689$552,076$409,409$1,032,815
69$1,324,881$512,525$356,521$1,054,645
70$1,391,318$468,938$299,764$1,077,754
71$1,462,368$421,051$238,942$1,102,302
72$1,538,433$368,586$173,850$1,128,471
73$1,619,953$311,248$104,274$1,156,462
74$1,707,414$248,724$29,993$1,186,503
75$1,801,346$180,687$0$1,218,849
76$1,902,332$106,790$0$1,269,556
77$2,011,012$26,664$0$1,334,440
78$2,128,088$0$0$1,404,324
79$2,254,333$0$0$1,485,639
80$2,390,594$0$0$1,576,298
81$2,537,802$0$0$1,674,287
82$2,696,982$0$0$1,780,293
83$2,869,258$0$0$1,895,072
84$3,055,868$0$0$2,019,453
85$3,258,171$0$0$2,154,350
86$3,477,664$0$0$2,300,768
87$3,715,990$0$0$2,459,810
88$3,974,958$0$0$2,632,692
89$4,256,560$0$0$2,820,751
90$4,562,984$0$0$3,025,457
91$4,896,639$0$0$3,248,427
92$5,260,176$0$0$3,491,444
93$5,656,513$0$0$3,756,466
94$6,088,859$0$0$4,045,650
95$6,560,750$0$0$4,361,371
96$7,076,074$0$0$4,706,242
97$7,639,115$0$0$5,083,141
98$8,254,585$0$0$5,495,234
99$8,927,677$0$0$5,946,009
100$9,664,105$0$0$6,439,307