Can I retire at age 58 with 735,000?

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 $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%17.1%
1 years$60,696$60,155$59,627$59,113$58,610$56,916
2 years$30,047$29,488$28,945$28,420$27,909$26,217
3 years$19,833$19,271$18,730$18,209$17,707$16,068
4 years$14,726$14,166$13,630$13,118$12,629$11,056
5 years$11,663$11,106$10,578$10,076$9,600$8,098
6 years$9,622$9,069$8,548$8,058$7,596$6,166
7 years$8,164$7,616$7,104$6,625$6,178$4,820
8 years$7,072$6,528$6,025$5,557$5,125$3,839
9 years$6,222$5,684$5,189$4,734$4,316$3,099
10 years$5,543$5,010$4,524$4,081$3,678$2,529
11 years$4,988$4,460$3,983$3,551$3,163$2,081
12 years$4,525$4,003$3,535$3,115$2,741$1,723
13 years$4,134$3,618$3,158$2,750$2,390$1,435
14 years$3,800$3,289$2,837$2,441$2,095$1,199
15 years$3,510$3,004$2,562$2,177$1,845$1,006
16 years$3,256$2,756$2,323$1,949$1,630$846
17 years$3,033$2,538$2,113$1,751$1,446$714
18 years$2,835$2,346$1,929$1,578$1,285$603
19 years$2,657$2,174$1,766$1,426$1,146$510
20 years$2,498$2,020$1,621$1,292$1,023$432
21 years$2,354$1,882$1,491$1,172$916$367
22 years$2,223$1,756$1,374$1,066$821$312
23 years$2,104$1,643$1,269$971$737$265
24 years$1,995$1,539$1,173$885$662$225
25 years$1,895$1,444$1,087$809$596$192
26 years$1,803$1,358$1,008$739$537$163
27 years$1,717$1,278$936$677$484$139
28 years$1,638$1,204$870$620$437$119
29 years$1,565$1,136$810$569$394$101
30 years$1,496$1,073$754$522$356$86
31 years$1,432$1,014$703$479$322$73
32 years$1,372$959$656$440$291$63
33 years$1,316$909$613$405$264$53
34 years$1,264$861$572$373$239$46
35 years$1,214$817$535$343$216$39
36 years$1,167$775$501$316$196$33
37 years$1,123$736$469$291$178$28
38 years$1,082$700$439$268$161$24
39 years$1,042$665$411$247$146$21
40 years$1,005$633$385$228$132$18
41 years$969$603$361$211$120$15
42 years$936$574$339$194$109$13
43 years$904$547$318$179$99$11
44 years$873$521$298$166$90$9
45 years$844$497$280$153$82$8
46 years$817$474$263$141$74$7
47 years$790$452$247$131$67$6
48 years$765$432$232$121$61$5
49 years$741$412$218$111$55$4
50 years$718$394$205$103$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $735,000, adding $6,243 every year, while hoping to spend $44,105 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: 68/16/16 Blend
57$735,000$735,000$735,000$735,000
58$816,410$777,455$766,062$868,417
59$852,756$768,623$744,798$895,061
60$891,332$757,879$721,343$918,408
61$932,317$745,085$695,578$942,839
62$975,910$730,091$667,376$968,456
63$1,022,328$712,740$636,608$995,373
64$1,071,806$692,865$603,135$1,023,718
65$1,124,605$670,291$566,815$1,053,631
66$1,181,009$644,829$527,498$1,085,270
67$1,241,330$616,284$485,027$1,118,809
68$1,305,908$584,445$439,238$1,154,443
69$1,375,120$549,091$389,962$1,192,387
70$1,449,376$509,990$337,019$1,232,880
71$1,529,126$466,894$280,223$1,276,188
72$1,614,866$419,541$219,380$1,322,607
73$1,707,140$367,656$154,286$1,372,463
74$1,806,544$310,946$84,730$1,426,121
75$1,913,732$249,104$10,490$1,483,982
76$2,029,426$181,803$0$1,546,494
77$2,154,417$108,701$0$1,625,888
78$2,289,573$29,433$0$1,713,650
79$2,435,850$0$0$1,808,640
80$2,594,299$0$0$1,921,504
81$2,766,075$0$0$2,049,515
82$2,952,447$0$0$2,188,442
83$3,154,812$0$0$2,339,331
84$3,374,707$0$0$2,503,331
85$3,613,821$0$0$2,681,709
86$3,874,014$0$0$2,875,858
87$4,157,332$0$0$3,087,309
88$4,466,026$0$0$3,317,748
89$4,802,572$0$0$3,569,032
90$5,169,698$0$0$3,843,203
91$5,570,405$0$0$4,142,507
92$6,007,996$0$0$4,469,421
93$6,486,108$0$0$4,826,668
94$7,008,744$0$0$5,217,247
95$7,580,312$0$0$5,644,460
96$8,205,665$0$0$6,111,943
97$8,890,147$0$0$6,623,699
98$9,639,643$0$0$7,184,138
99$10,460,633$0$0$7,798,112
100$11,360,252$0$0$8,470,970