Can I retire at age 58 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$60,613$60,073$59,546$59,032$58,530$56,230
2 years$30,006$29,448$28,906$28,381$27,872$25,582
3 years$19,806$19,244$18,704$18,184$17,683$15,477
4 years$14,706$14,147$13,612$13,100$12,612$10,505
5 years$11,647$11,091$10,563$10,062$9,587$7,586
6 years$9,609$9,057$8,537$8,047$7,586$5,691
7 years$8,153$7,606$7,094$6,616$6,169$4,381
8 years$7,062$6,520$6,016$5,550$5,118$3,433
9 years$6,214$5,676$5,182$4,727$4,310$2,727
10 years$5,536$5,004$4,518$4,075$3,672$2,188
11 years$4,981$4,454$3,977$3,546$3,158$1,769
12 years$4,519$3,998$3,530$3,111$2,737$1,439
13 years$4,129$3,613$3,154$2,746$2,387$1,176
14 years$3,794$3,284$2,834$2,438$2,092$965
15 years$3,505$3,000$2,558$2,174$1,842$794
16 years$3,252$2,753$2,319$1,947$1,628$655
17 years$3,029$2,535$2,111$1,749$1,444$541
18 years$2,831$2,342$1,927$1,576$1,284$448
19 years$2,654$2,171$1,764$1,424$1,144$372
20 years$2,495$2,017$1,619$1,290$1,022$309
21 years$2,351$1,879$1,489$1,171$914$256
22 years$2,220$1,754$1,372$1,064$820$213
23 years$2,101$1,641$1,267$969$736$177
24 years$1,992$1,537$1,172$884$661$148
25 years$1,892$1,442$1,085$807$595$123
26 years$1,800$1,356$1,007$738$536$103
27 years$1,715$1,276$935$676$483$85
28 years$1,636$1,202$869$619$436$71
29 years$1,563$1,134$809$568$394$59
30 years$1,494$1,071$753$521$356$50
31 years$1,430$1,013$702$479$322$41
32 years$1,370$958$655$440$291$34
33 years$1,314$907$612$404$263$29
34 years$1,262$860$572$372$238$24
35 years$1,212$816$534$343$216$20
36 years$1,166$774$500$316$196$17
37 years$1,122$735$468$291$177$14
38 years$1,080$699$438$268$161$12
39 years$1,041$664$410$247$146$10
40 years$1,003$632$385$228$132$8
41 years$968$602$361$210$120$7
42 years$934$573$338$194$109$6
43 years$903$546$318$179$99$5
44 years$872$521$298$165$90$4
45 years$843$496$280$153$81$3
46 years$815$473$263$141$74$3
47 years$789$452$247$130$67$2
48 years$764$431$232$120$61$2
49 years$740$412$218$111$55$2
50 years$717$393$205$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $734,000, adding $4,186 every year, while hoping to spend $25,980 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: 60/32/8 Blend
57$734,000$734,000$734,000$734,000
58$813,186$774,284$762,907$860,324
59$868,488$784,581$760,822$902,717
60$928,561$794,512$757,796$945,589
61$993,863$804,032$753,771$991,701
62$1,064,899$813,092$748,684$1,041,365
63$1,142,225$821,640$742,472$1,094,924
64$1,226,453$829,621$735,065$1,152,761
65$1,318,255$836,976$726,394$1,215,293
66$1,418,372$843,643$716,383$1,282,985
67$1,527,619$849,555$704,955$1,356,344
68$1,646,893$854,640$692,028$1,435,936
69$1,777,183$858,824$677,517$1,522,379
70$1,919,574$862,025$661,333$1,616,359
71$2,075,265$864,159$643,382$1,718,631
72$2,245,572$865,133$623,566$1,830,028
73$2,431,948$864,852$601,783$1,951,468
74$2,635,991$863,213$577,926$2,083,965
75$2,859,459$860,108$551,884$2,228,637
76$3,104,290$855,420$523,538$2,386,716
77$3,372,619$849,027$492,768$2,559,563
78$3,666,796$840,799$459,446$2,748,676
79$3,989,409$830,598$423,438$2,955,712
80$4,343,310$818,278$384,604$3,182,494
81$4,731,639$803,685$342,799$3,431,034
82$5,157,854$786,654$297,871$3,703,553
83$5,625,766$767,011$249,661$4,002,498
84$6,139,573$744,573$198,003$4,330,570
85$6,703,897$719,145$142,723$4,690,745
86$7,323,832$690,520$83,642$5,086,308
87$8,004,988$658,481$20,570$5,520,879
88$8,753,548$622,797$0$5,998,452
89$9,576,320$583,225$0$6,527,421
90$10,480,807$539,505$0$7,110,785
91$11,475,274$491,366$0$7,752,160
92$12,568,828$438,519$0$8,457,471
93$13,771,501$380,659$0$9,233,249
94$15,094,348$317,465$0$10,086,694
95$16,549,546$248,596$0$11,025,745
96$18,150,516$173,693$0$12,059,154
97$19,912,041$92,376$0$13,196,570
98$21,850,412$4,246$0$14,448,629
99$23,983,579$0$0$15,827,056
100$26,331,318$0$0$17,376,866