Can I retire at age 58 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$60,696$60,155$59,627$59,113$58,610$57,830
2 years$30,047$29,488$28,945$28,420$27,909$27,125
3 years$19,833$19,271$18,730$18,209$17,707$16,942
4 years$14,726$14,166$13,630$13,118$12,629$11,889
5 years$11,663$11,106$10,578$10,076$9,600$8,889
6 years$9,622$9,069$8,548$8,058$7,596$6,913
7 years$8,164$7,616$7,104$6,625$6,178$5,524
8 years$7,072$6,528$6,025$5,557$5,125$4,500
9 years$6,222$5,684$5,189$4,734$4,316$3,720
10 years$5,543$5,010$4,524$4,081$3,678$3,109
11 years$4,988$4,460$3,983$3,551$3,163$2,622
12 years$4,525$4,003$3,535$3,115$2,741$2,227
13 years$4,134$3,618$3,158$2,750$2,390$1,903
14 years$3,800$3,289$2,837$2,441$2,095$1,633
15 years$3,510$3,004$2,562$2,177$1,845$1,408
16 years$3,256$2,756$2,323$1,949$1,630$1,217
17 years$3,033$2,538$2,113$1,751$1,446$1,056
18 years$2,835$2,346$1,929$1,578$1,285$918
19 years$2,657$2,174$1,766$1,426$1,146$800
20 years$2,498$2,020$1,621$1,292$1,023$698
21 years$2,354$1,882$1,491$1,172$916$610
22 years$2,223$1,756$1,374$1,066$821$534
23 years$2,104$1,643$1,269$971$737$468
24 years$1,995$1,539$1,173$885$662$410
25 years$1,895$1,444$1,087$809$596$360
26 years$1,803$1,358$1,008$739$537$316
27 years$1,717$1,278$936$677$484$278
28 years$1,638$1,204$870$620$437$245
29 years$1,565$1,136$810$569$394$215
30 years$1,496$1,073$754$522$356$190
31 years$1,432$1,014$703$479$322$167
32 years$1,372$959$656$440$291$147
33 years$1,316$909$613$405$264$130
34 years$1,264$861$572$373$239$114
35 years$1,214$817$535$343$216$101
36 years$1,167$775$501$316$196$89
37 years$1,123$736$469$291$178$78
38 years$1,082$700$439$268$161$69
39 years$1,042$665$411$247$146$61
40 years$1,005$633$385$228$132$54
41 years$969$603$361$211$120$48
42 years$936$574$339$194$109$42
43 years$904$547$318$179$99$37
44 years$873$521$298$166$90$33
45 years$844$497$280$153$82$29
46 years$817$474$263$141$74$26
47 years$790$452$247$131$67$23
48 years$765$432$232$121$61$20
49 years$741$412$218$111$55$18
50 years$718$394$205$103$50$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $735,000, adding $4,376 every year, while hoping to spend $45,406 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: 23/47/30 Blend
57$735,000$735,000$735,000$735,000
58$814,484$775,529$764,136$825,463
59$849,250$765,218$741,423$825,136
60$886,040$752,880$716,428$820,714
61$925,012$738,368$689,025$815,030
62$966,341$721,526$659,085$808,010
63$1,010,215$702,188$626,471$799,579
64$1,056,842$680,180$591,043$789,659
65$1,106,447$655,316$552,650$778,170
66$1,159,279$627,401$511,138$765,031
67$1,215,610$596,227$466,345$750,157
68$1,275,735$561,576$418,101$733,465
69$1,339,981$523,214$366,229$714,866
70$1,408,706$480,898$310,544$694,274
71$1,482,300$434,368$250,853$671,600
72$1,561,192$383,350$186,954$646,756
73$1,645,854$327,554$118,637$619,652
74$1,736,802$266,675$45,682$590,202
75$1,834,603$200,390$0$558,319
76$1,939,881$128,357$0$534,216
77$2,053,318$50,217$0$523,789
78$2,175,667$0$0$512,400
79$2,307,752$0$0$517,859
80$2,450,480$0$0$551,922
81$2,604,847$0$0$588,869
82$2,771,949$0$0$628,975
83$2,952,990$0$0$672,543
84$3,149,293$0$0$719,907
85$3,362,315$0$0$771,432
86$3,593,656$0$0$827,523
87$3,845,079$0$0$888,624
88$4,118,520$0$0$955,223
89$4,416,111$0$0$1,027,858
90$4,740,198$0$0$1,107,120
91$5,093,361$0$0$1,193,662
92$5,478,441$0$0$1,288,199
93$5,898,565$0$0$1,391,522
94$6,357,173$0$0$1,504,500
95$6,858,053$0$0$1,628,089
96$7,405,375$0$0$1,763,343
97$8,003,729$0$0$1,911,423
98$8,658,171$0$0$2,073,606
99$9,374,264$0$0$2,251,299
100$10,158,137$0$0$2,446,051