Can I retire at age 58 with 733,000?

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 $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%12%
1 years$60,530$59,991$59,465$58,952$58,450$57,961
2 years$29,966$29,407$28,867$28,342$27,834$27,340
3 years$19,779$19,218$18,679$18,159$17,659$17,177
4 years$14,686$14,127$13,593$13,083$12,594$12,127
5 years$11,631$11,076$10,549$10,049$9,574$9,124
6 years$9,596$9,044$8,525$8,036$7,576$7,142
7 years$8,142$7,595$7,084$6,607$6,161$5,745
8 years$7,052$6,511$6,008$5,542$5,111$4,712
9 years$6,205$5,669$5,175$4,721$4,304$3,923
10 years$5,528$4,997$4,512$4,069$3,667$3,303
11 years$4,974$4,448$3,972$3,542$3,154$2,806
12 years$4,513$3,993$3,525$3,106$2,733$2,402
13 years$4,123$3,608$3,149$2,743$2,384$2,068
14 years$3,789$3,280$2,830$2,435$2,089$1,789
15 years$3,500$2,996$2,555$2,171$1,840$1,555
16 years$3,247$2,749$2,316$1,944$1,626$1,356
17 years$3,025$2,532$2,108$1,747$1,442$1,186
18 years$2,827$2,339$1,924$1,574$1,282$1,040
19 years$2,650$2,168$1,761$1,422$1,143$914
20 years$2,491$2,015$1,617$1,288$1,021$804
21 years$2,348$1,877$1,487$1,169$913$709
22 years$2,217$1,752$1,370$1,063$819$627
23 years$2,098$1,638$1,265$968$735$554
24 years$1,990$1,535$1,170$883$660$491
25 years$1,890$1,441$1,084$806$594$435
26 years$1,798$1,354$1,005$737$535$386
27 years$1,713$1,274$933$675$483$342
28 years$1,634$1,201$868$618$436$304
29 years$1,560$1,133$808$567$393$270
30 years$1,492$1,070$752$520$355$240
31 years$1,428$1,011$701$478$321$214
32 years$1,369$957$654$439$291$190
33 years$1,313$906$611$404$263$169
34 years$1,260$859$571$372$238$151
35 years$1,211$815$534$342$216$134
36 years$1,164$773$499$315$195$120
37 years$1,120$734$467$290$177$107
38 years$1,079$698$438$268$161$95
39 years$1,039$664$410$247$146$85
40 years$1,002$631$384$228$132$76
41 years$967$601$360$210$120$67
42 years$933$572$338$194$109$60
43 years$901$545$317$179$99$54
44 years$871$520$298$165$90$48
45 years$842$496$280$153$81$43
46 years$814$473$263$141$74$38
47 years$788$451$247$130$67$34
48 years$763$431$232$120$61$30
49 years$739$411$218$111$55$27
50 years$716$393$205$103$50$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $733,000, adding $3,630 every year, while hoping to spend $35,472 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: 88/5/7 Blend
57$733,000$733,000$733,000$733,000
58$811,510$772,661$761,300$882,219
59$856,542$772,780$749,061$928,932
60$904,979$771,715$735,224$974,960
61$957,130$769,372$719,697$1,024,403
62$1,013,335$765,649$702,385$1,077,581
63$1,073,968$760,439$683,188$1,134,842
64$1,139,440$753,628$662,002$1,196,571
65$1,210,202$745,095$638,718$1,263,192
66$1,286,750$734,711$613,222$1,335,171
67$1,369,628$722,342$585,395$1,413,021
68$1,459,436$707,843$555,111$1,497,306
69$1,556,833$691,062$522,242$1,588,648
70$1,662,543$671,837$486,651$1,687,732
71$1,777,364$649,998$448,194$1,795,311
72$1,902,171$625,364$406,725$1,912,215
73$2,037,929$597,744$362,087$2,039,358
74$2,185,700$566,935$314,119$2,177,747
75$2,346,650$532,723$262,650$2,328,491
76$2,522,064$494,882$207,505$2,492,811
77$2,713,356$453,173$148,498$2,672,052
78$2,922,082$407,343$85,437$2,867,697
79$3,149,955$357,123$18,119$3,081,378
80$3,398,860$302,232$0$3,314,893
81$3,670,874$242,372$0$3,574,237
82$3,968,281$177,225$0$3,859,286
83$4,293,597$106,461$0$4,171,107
84$4,649,593$29,726$0$4,512,368
85$5,039,318$0$0$4,886,009
86$5,466,134$0$0$5,298,201
87$5,933,737$0$0$5,751,581
88$6,446,203$0$0$6,248,464
89$7,008,018$0$0$6,793,202
90$7,624,124$0$0$7,390,586
91$8,299,963$0$0$8,045,893
92$9,041,531$0$0$8,764,939
93$9,855,429$0$0$9,554,125
94$10,748,933$0$0$10,420,506
95$11,730,054$0$0$11,371,852
96$12,807,619$0$0$12,416,721
97$13,991,350$0$0$13,564,542
98$15,291,957$0$0$14,825,703
99$16,721,242$0$0$16,211,646
100$18,292,203$0$0$17,734,977